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REGISTERED NUMBER: 08922037 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2023

for

Isn Partners Limited

Isn Partners Limited (Registered number: 08922037)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Isn Partners Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J A De Kesel
T De Kesel





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 08922037 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Isn Partners Limited (Registered number: 08922037)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,107 18,646
Tangible assets 5 1,429 588
16,536 19,234

CURRENT ASSETS
Debtors 6 37,159 18,849
Cash at bank 8,686 13,654
45,845 32,503
CREDITORS
Amounts falling due within one year 7 2,374,351 2,177,831
NET CURRENT LIABILITIES (2,328,506 ) (2,145,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,311,970

)

(2,126,094

)

PROVISIONS FOR LIABILITIES 3,142 3,655
NET LIABILITIES (2,315,112 ) (2,129,749 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (2,316,112 ) (2,130,749 )
SHAREHOLDERS' FUNDS (2,315,112 ) (2,129,749 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Isn Partners Limited (Registered number: 08922037)

Balance Sheet - continued
31 March 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





J A De Kesel - Director


Isn Partners Limited (Registered number: 08922037)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Isn Partners 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Isn Partners Limited (Registered number: 08922037)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2022
and 31 March 2023 35,395
AMORTISATION
At 1 April 2022 16,749
Amortisation for year 3,539
At 31 March 2023 20,288
NET BOOK VALUE
At 31 March 2023 15,107
At 31 March 2022 18,646

Isn Partners Limited (Registered number: 08922037)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 2,756
Additions 1,517
At 31 March 2023 4,273
DEPRECIATION
At 1 April 2022 2,168
Charge for year 676
At 31 March 2023 2,844
NET BOOK VALUE
At 31 March 2023 1,429
At 31 March 2022 588

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,965 9,551
Other debtors 17,194 9,298
37,159 18,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 33,477 27,883
Amounts owed to group undertakings 1,661,520 1,465,067
Other creditors 679,354 684,881
2,374,351 2,177,831