Isogen Ltd 07596167 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 false 07596167 2022-04-01 2023-03-31 07596167 2023-03-31 07596167 bus:OrdinaryShareClass1 2023-03-31 07596167 core:RetainedEarningsAccumulatedLosses 2023-03-31 07596167 core:ShareCapital 2023-03-31 07596167 core:CurrentFinancialInstruments 2023-03-31 07596167 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07596167 core:FurnitureFittings 2023-03-31 07596167 core:PlantMachinery 2023-03-31 07596167 bus:SmallEntities 2022-04-01 2023-03-31 07596167 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07596167 bus:FullAccounts 2022-04-01 2023-03-31 07596167 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07596167 bus:RegisteredOffice 2022-04-01 2023-03-31 07596167 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 07596167 bus:Director2 2022-04-01 2023-03-31 07596167 bus:Director3 2022-04-01 2023-03-31 07596167 bus:Director4 2022-04-01 2023-03-31 07596167 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07596167 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07596167 core:FurnitureFittings 2022-04-01 2023-03-31 07596167 core:OfficeEquipment 2022-04-01 2023-03-31 07596167 core:PlantMachinery 2022-04-01 2023-03-31 07596167 countries:EnglandWales 2022-04-01 2023-03-31 07596167 2022-03-31 07596167 core:CostValuation 2022-03-31 07596167 core:FurnitureFittings 2022-03-31 07596167 core:PlantMachinery 2022-03-31 07596167 2021-04-01 2022-03-31 07596167 2022-03-31 07596167 bus:OrdinaryShareClass1 2022-03-31 07596167 core:RetainedEarningsAccumulatedLosses 2022-03-31 07596167 core:ShareCapital 2022-03-31 07596167 core:CurrentFinancialInstruments 2022-03-31 07596167 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07596167 core:FurnitureFittings 2022-03-31 07596167 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07596167

Isogen Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

(filleted for filing purposes)

 

Isogen Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Isogen Ltd

Company Information

Directors

Mr MC Cork

Mrs JV Cork

Mrs KA Cork

Mr CG Cork

Company secretary

Mr MC Cork

Registered office

Home Meadow
Popsall Lane
Wingham
Canterbury
Kent
CT3 1AT

 

Isogen Ltd

(Registration number: 07596167)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,693

1,862

Investment property

5

1,348,995

1,364,000

Investments

4

4

 

1,350,692

1,365,866

Current assets

 

Debtors

7

34,823

34,419

Cash at bank and in hand

 

793,023

944,040

 

827,846

978,459

Creditors: Amounts falling due within one year

8

(15,872)

(14,597)

Net current assets

 

811,974

963,862

Total assets less current liabilities

 

2,162,666

2,329,728

Provisions for liabilities

-

(17,434)

Net assets

 

2,162,666

2,312,294

Capital and reserves

 

Called up share capital

4

4

Profit and loss account (distributable)

2,029,583

2,181,286

Profit and loss account (non-distributable)

 

133,079

131,004

Total equity

 

2,162,666

2,312,294

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 February 2024 and signed on its behalf by:
 

 

Isogen Ltd

(Registration number: 07596167)
Balance Sheet as at 31 March 2023

.........................................
Mr MC Cork
Company secretary and director

.........................................
Mr CG Cork
Director

 

Isogen Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Home Meadow
Popsall Lane
Wingham
Canterbury
Kent
CT3 1AT
England

These financial statements were authorised for issue by the Board on 7 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Isogen Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Office equipment

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Isogen Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

900

4,683

5,583

Additions

255

-

255

At 31 March 2023

1,155

4,683

5,838

Depreciation

At 1 April 2022

723

2,998

3,721

Charge for the year

65

359

424

At 31 March 2023

788

3,357

4,145

Carrying amount

At 31 March 2023

367

1,326

1,693

At 31 March 2022

177

1,685

1,862

 

Isogen Ltd

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

5

Investment properties

2023
£

At 1 April

1,364,000

Fair value adjustments

(15,005)

At 31 March

1,348,995

There has been no valuation of investment property by an independent valuer.

6

Investments

2023
£

2022
£

Investments in subsidiaries

4

4

Subsidiaries

£

Cost or valuation

At 1 April 2022

4

Carrying amount

At 31 March 2023

4

At 31 March 2022

4

7

Debtors

Note

2023
£

2022
£

Trade debtors

 

1,456

367

Amounts owed by group undertakings and undertakings in which the company has a participating interest

33,367

33,367

Other debtors

 

-

685

Total current trade and other debtors

 

34,823

34,419

 

Isogen Ltd

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

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

6,831

7,691

Other creditors

 

9,041

6,906

 

15,872

14,597

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.01 each

400

4

400

4