I.S.A. (Holdings) Limited - Abbreviated accounts 16.1
I.S.A. (Holdings) Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 December 2015 |
| 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 2015 |
| 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 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| SOLICITORS: |
| I.S.A. (Holdings) Limited (Registered number: 00601063) |
| Abbreviated Balance Sheet |
| 31 December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account |
| 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. |
| I.S.A. (Holdings) Limited (Registered number: 00601063) |
| Abbreviated Balance Sheet - continued |
| 31 December 2015 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| I.S.A. (Holdings) Limited (Registered number: 00601063) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective January 2015). |
| 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 transactions 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. |
| I.S.A. (Holdings) Limited (Registered number: 00601063) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 December 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| and 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 January 2015 |
| Revaluations |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| Investment properties were valued by the directors on a market value basis at 31 December 2015 in |
| accordance with note 1. |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | CONTROLLING PARTY |
| The ultimate controlling party is R Paice. |