I.S.A. (Holdings) Limited - Limited company - abbreviated - 11.0.0

I.S.A. (Holdings) Limited - Limited company - abbreviated - 11.0.0

I.S.A.(HOLDINGS)LIMITED - Company Information

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REGISTERED NUMBER: 00601063 (England and Wales)

















Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

I.S.A. (Holdings) Limited

I.S.A. (Holdings) Limited (Registered number: 00601063)

Contents of the Abbreviated Accounts
for the year ended 31 December 2013










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

I.S.A. (Holdings) Limited

Company Information
for the year ended 31 December 2013







DIRECTORS: R Paice
LM Leibar Garcia
AP Kent



SECRETARY: MB Paice



REGISTERED OFFICE: E4 Albany
Piccadilly
LONDON
W1J 0AR



REGISTERED NUMBER: 00601063 (England and Wales)



ACCOUNTANTS: Tayabali Tomlin Limited
Chartered Accountants
Kenton House
Oxford Street
MORETON IN MARSH
GL56 0LA



SOLICITORS: Jones Day
21 Tudor Street
LONDON
EC4Y 0DJ
Page 1
I.S.A. (Holdings) Limited (Registered number: 00601063)

Abbreviated Balance Sheet
31 December 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 138,227 147,038
Investment property 3 5,000,000 5,000,000
5,138,227 5,147,038

CURRENT ASSETS
Debtors 51,723 149,243
Cash at bank 10,713,242 10,525,096
10,764,965 10,674,339
CREDITORS
Amounts falling due within one year 412,349 420,970
NET CURRENT ASSETS 10,352,616 10,253,369
TOTAL ASSETS LESS CURRENT
LIABILITIES
15,490,843
15,400,407

CAPITAL AND RESERVES
Called up share capital 4 19,570 19,570
Revaluation reserve 4,111,724 4,111,724
Capital redemption reserve 4,300 4,300
Profit and loss account 11,355,249 11,264,813
SHAREHOLDERS' FUNDS 15,490,843 15,400,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 notes form part of these abbreviated accounts

Page 2 continued...
I.S.A. (Holdings) Limited (Registered number: 00601063)

Abbreviated Balance Sheet - continued
31 December 2013


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 10 July 2014 and were signed on its
behalf by:





R Paice - Director


The notes form part of these abbreviated accounts

Page 3
I.S.A. (Holdings) Limited (Registered number: 00601063)

Notes to the Abbreviated Accounts
for the year ended 31 December 2013


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transaction or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that directors consider that it is more than likely
than not that there will be suitable taxable profits from which the future reversal of the underlying
timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantially
enacted at the balance sheet date.

Page 4 continued...
I.S.A. (Holdings) Limited (Registered number: 00601063)

Notes to the Abbreviated Accounts - continued
for the year ended 31 December 2013


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 353,590
DEPRECIATION
At 1 January 2013 206,552
Charge for year 8,811
At 31 December 2013 215,363
NET BOOK VALUE
At 31 December 2013 138,227
At 31 December 2012 147,038

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2013
and 31 December 2013 5,000,000
NET BOOK VALUE
At 31 December 2013 5,000,000
At 31 December 2012 5,000,000

Investment properties were valued by the directors on a market value basis at 31 December 2013 in
accordance with note 1.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
19,570 Ordinary £1 19,570 19,570

Page 5 continued...
I.S.A. (Holdings) Limited (Registered number: 00601063)

Notes to the Abbreviated Accounts - continued
for the year ended 31 December 2013


5. RELATED PARTY DISCLOSURES

The balance on the loan made to the company by R Paice at the year end was £5,472 (2012: £11,262)
and is included in other creditors. The loan is unsecured, interest free and carries no fixed date of repayment.

The balance on the loan made to the company by MB Paice at the year end was £4,344 (2012: £4,344)
and is included in other creditors. The loan is unsecured, interest free and carries no fixed date of repayment.

Included in other creditors is a loan due to the R Paice 1995 Settlement, a trust of which R Paice is a trustee, in the sum of £226,000 (2012: £226,000). The loan is unsecured, interest free and carries no fixed date of repayment.

During the year, the company made donations to The ISA Charity, a charity of which R Paice and AP Kent are trustees, in the sum of £100,500 (2012: £119,523).

6. CONTROLLING PARTY

The ultimate controlling party is R Paice.

Page 6