ISM Properties (UK) Limited - Accounts to registrar (filleted) - small 18.2
ISM Properties (UK) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2021 |
for |
ISM Properties UK Limited |
ISM Properties UK Limited (Registered number: 09889224) |
Contents of the Financial Statements |
for the Year Ended 31 July 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ISM Properties UK Limited |
Company Information |
for the Year Ended 31 July 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Unit 3 Cedar Court |
1 Royal Oak Yard |
London |
SE1 3GA |
BANKERS: |
440 Strand |
London |
WC2R 0QS |
ISM Properties UK Limited (Registered number: 09889224) |
Balance Sheet |
31 July 2021 |
31.7.21 | 31.7.20 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The director acknowledges his 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 director and authorised for issue on |
ISM Properties UK Limited (Registered number: 09889224) |
Notes to the Financial Statements |
for the Year Ended 31 July 2021 |
1. | STATUTORY INFORMATION |
ISM Properties UK Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Foreign currencies |
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account. |
Going concern |
At the balance sheet date, the company's liabilities exceeded its assets by £187,751. The day to day operations of the company is dependent upon the continuing support of its director and creditors. On the basis that this support continues, the director considers that it is appropriate to prepare the financial statements on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.21 | 31.7.20 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.21 | 31.7.20 |
£ | £ |
Accrued expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.21 | 31.7.20 |
£ | £ |
Amounts owed to group undertakings |
ISM Properties UK Limited (Registered number: 09889224) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2021 |
7. | RELATED PARTY DISCLOSURES |
The company was under the control of International Soccer Management (UK) Limited throughout the current and previous year by virtue of holding the entire share capital of the company during the period 100% (2020 - 100%) |
Included in creditors (amounts owed to group undertakings) is a loan of £3,550,000 (2020 - £3,580,000). The total amount is due to International Soccer Management (UK) Limited. No terms for repayment or interest have not been agreed. |