I.S.A. (Holdings) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00601063 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

I.S.A. (Holdings) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R Paice

AP Kent

MB Paice

SECRETARY:

MB Paice

REGISTERED OFFICE:

E4 Albany

Piccadilly

LONDON

W1J 0AR

REGISTERED NUMBER:

00601063 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Chartered Accountants

Carrick House

Lypiatt Road

Cheltenham

GL50 2QJ

SOLICITORS:

Lawrence Stephens Solicitors

50 Farringdon Road

London

EC1M 3HE

FIXED ASSETS

Tangible assets

4

119,408

136,782

Investment property

5

10,070,000

10,070,000

10,189,408

10,206,782

CURRENT ASSETS

Debtors

6

9,961,339

4,894,371

Cash at bank

703,805

5,941,498

10,665,144

10,835,869

CREDITORS

Amounts falling due within one year

7

313,201

326,140

NET CURRENT ASSETS

10,351,943

10,509,729

TOTAL ASSETS LESS CURRENT LIABILITIES

20,541,351

20,716,511

PROVISIONS FOR LIABILITIES

1,748,553

1,752,685

NET ASSETS

18,792,798

18,963,826

CAPITAL AND RESERVES

Called up share capital

19,570

19,570

Capital redemption reserve

4,300

4,300

Fair value reserve

8

7,437,196

7,437,196

Retained earnings

11,331,732

11,502,760

SHAREHOLDERS' FUNDS

18,792,798

18,963,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 6 September 2019 and were signed on its behalf by:

AP Kent - Director

1.	STATUTORY INFORMATION

I.S.A. (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for rental income net of VAT. Investment income is recognised on an

accruals basis.

Tangible fixed assets

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is

provided for at the following annual rates in order to write off the cost less estimated residual value of each asset

over its useful life.

Freehold property - 2% on cost

Fixtures and fittings

- Furniture & office equipment - 10-25% on cost or written down value

- Computer equipment - 25-100% on cost

Investment property

Properties held for their investment potential, with any income being negotiated at arm's length, are not subject to

periodic charges of depreciation. They are included in the balance sheet at their open market value. Changes in

their value are included as a movement on the revaluation reserve, except that any permanent diminutions in

value are charged to the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive

Income, except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

and 31 December 2018

281,892

52,759

75,091

2,667

412,409

DEPRECIATION

At 1 January 2018

192,056

23,082

57,822

2,667

275,627

Charge for year

5,638

7,419

4,317

-

17,374

At 31 December 2018

197,694

30,501

62,139

2,667

293,001

NET BOOK VALUE

At 31 December 2018

84,198

22,258

12,952

-

119,408

At 31 December 2017

89,836

29,677

17,269

-

136,782

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

and 31 December 2018

10,070,000

NET BOOK VALUE

At 31 December 2018

10,070,000

At 31 December 2017

10,070,000

Investment properties were valued by the directors on a market value basis at 31 December 2018 in accordance

with note 1.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

79,719

Other debtors

9,961,339

4,814,652

9,961,339

4,894,371

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

35,257

61,442

Taxation and social security

1,853

6,373

Other creditors

276,091

258,325

313,201

326,140

8.

RESERVES

Fair

value

reserve

£

At 1 January 2018

and 31 December 2018

7,437,196

9.	RELATED PARTY DISCLOSURES

10.	CONTROLLING PARTY

The ultimate controlling party is R Paice.