The Istoria Group LTD - Accounts to registrar (filleted) - small 18.2
The Istoria Group LTD - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 |
FOR |
THE ISTORIA GROUP LTD |
THE ISTORIA GROUP LTD (REGISTERED NUMBER: 07500323) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
THE ISTORIA GROUP LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Boyce's Building |
40-42 Regent Street |
Clifton |
Bristol |
BS8 4HU |
THE ISTORIA GROUP LTD (REGISTERED NUMBER: 07500323) |
BALANCE SHEET |
31 DECEMBER 2020 |
31.12.20 | 31.12.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) |
NET ASSETS |
THE ISTORIA GROUP LTD (REGISTERED NUMBER: 07500323) |
BALANCE SHEET - continued |
31 DECEMBER 2020 |
31.12.20 | 31.12.19 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE ISTORIA GROUP LTD (REGISTERED NUMBER: 07500323) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
1. | STATUTORY INFORMATION |
The Istoria Group LTD is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 |
THE ISTORIA GROUP LTD (REGISTERED NUMBER: 07500323) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaki |
£ |
COST |
At 1 January 2020 |
and 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
At 31 December 2019 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2020 |
Revaluations | 39,534 |
At 31 December 2020 |
NET BOOK VALUE |
At 31 December 2020 |
At 31 December 2019 |
Fair value at 31 December 2020 is represented by: |
£ |
Valuation in 2018 | 164,164 |
Valuation in 2020 | 39,534 |
Cost | 1,041,302 |
1,245,000 |
Investment properties were valued on an open market basis on 7 September 2020 by Alder King Property Consultants . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Other debtors |
THE ISTORIA GROUP LTD (REGISTERED NUMBER: 07500323) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.20 | 31.12.19 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 233,451 | - |
9. | SECURED DEBTS |
The company's bankers have fixed and floating charges over the assets of the company and its subsidiaries. |
10. | PROVISIONS FOR LIABILITIES |
31.12.20 | 31.12.19 |
£ | £ |
Deferred tax |
Other timing differences | 23,471 | - |
Deferred |
tax |
£ |
Tax on revaluation | 23,471 |
Balance at 31 December 2020 |
THE ISTORIA GROUP LTD (REGISTERED NUMBER: 07500323) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.20 | 31.12.19 |
value: | £ | £ |
Ordinary A | £1.00 | 540 | 540 |
Ordinary B | £1.00 | 460 | 460 |
1,000 | 1,000 |
12. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2020 |
Profit for the year |
Dividends | ( |
) |
At 31 December 2020 |
13. | RELATED PARTY DISCLOSURES |
During the year, the company received dividend income from Ignition DG Limited of £284,521 (2019: £525,025). Ignition DG Limited is a wholly owned subsidiary of the company. |
During the year, the company received rent of £54,000 (2019: £54,000) from Ignition DG Limited. The company invoiced Ignition DG Limited £10,870 (2019: £10,130) and was invoiced by Ignition DG Limited £nil (2019: £nil). The company paid expenses of £nil (2019: £11,002) on behalf of Ignition DG Limited. At the balance sheet, the company owed £333,000 (2019: £325,000) to Ignition DG Limited. |
At the balance sheet date, the company owed £3,325 (2019: £4,125) to Caroline Partners Limited, and £7,572 (2019: £8,094) to Tiny Spark Limited. Caroline Partners Limited and Tiny Spark Limited are both subsidiary companies of The Istoria Group Limited. |
14. | ULTIMATE CONTROLLING PARTY |
During the year the company was under the ultimate control of C E Menzies by virtue of a majority shareholding. |