IRIS Accounts Production v23.3.1.45 03288938 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032889382022-12-31032889382023-12-31032889382023-01-012023-12-31032889382021-12-31032889382022-01-012022-12-31032889382022-12-3103288938ns10:Originalns15:EnglandWales2023-01-012023-12-3103288938ns14:PoundSterlingns10:Original2023-01-012023-12-3103288938ns10:Originalns10:Director12023-01-012023-12-3103288938ns10:Original2023-01-012023-12-3103288938ns10:Original2023-12-3103288938ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103288938ns10:Originalns10:SmallEntities2023-01-012023-12-3103288938ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103288938ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103288938ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3103288938ns10:Originalns10:FullAccounts2023-01-012023-12-3103288938ns10:Original2022-01-012022-12-3103288938ns10:Originalns10:Director32023-01-012023-12-3103288938ns10:Originalns10:Director42023-01-012023-12-3103288938ns10:Originalns10:Director52023-01-012023-12-3103288938ns10:Originalns10:Director22023-01-012023-12-3103288938ns10:Originalns10:RegisteredOffice2023-01-012023-12-3103288938ns10:Original2022-12-3103288938ns10:Originalns5:CurrentFinancialInstruments2023-12-3103288938ns10:Originalns5:CurrentFinancialInstruments2022-12-3103288938ns10:Originalns5:Non-currentFinancialInstruments2023-12-3103288938ns10:Originalns5:Non-currentFinancialInstruments2022-12-3103288938ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3103288938ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3103288938ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3103288938ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3103288938ns10:Originalns5:FurnitureFittings2023-01-012023-12-3103288938ns10:Originalns5:FurnitureFittings2022-12-3103288938ns10:Originalns5:FurnitureFittings2023-12-3103288938ns10:Originalns5:FurnitureFittings2022-12-3103288938ns10:Originalns5:CostValuation2022-12-3103288938ns10:Originalns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3103288938ns10:Originalns5:CostValuation2023-12-3103288938ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103288938ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103288938ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31
REGISTERED NUMBER: 03288938 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ISCVE LIMITED
(LIMITED BY GUARANTEE)

ISCVE LIMITED (REGISTERED NUMBER: 03288938)
(LIMITED BY GUARANTEE)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ISCVE LIMITED
(LIMITED BY GUARANTEE)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D G Edworthy
H M Goddard
P H Price
B J Robinson
N R Voce





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: PO Box 3251
Gloucester
GL1 9FU





REGISTERED NUMBER: 03288938 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

ISCVE LIMITED (REGISTERED NUMBER: 03288938)
(LIMITED BY GUARANTEE)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 42,363 42,716
42,363 42,716

CURRENT ASSETS
Debtors 6 54,966 28,638
Cash at bank 74,050 66,941
129,016 95,579
CREDITORS
Amounts falling due within one year 7 46,547 38,432
NET CURRENT ASSETS 82,469 57,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,832

99,863

CREDITORS
Amounts falling due after more than one
year

8

(9,720

)

(16,165

)

PROVISIONS FOR LIABILITIES (2,017 ) (2,105 )
NET ASSETS 113,095 81,593

RESERVES
Fair value reserve 9 8,723 8,988
Retained earnings 104,372 72,605
113,095 81,593

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

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

ISCVE LIMITED (REGISTERED NUMBER: 03288938)
(LIMITED BY GUARANTEE)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





D G Edworthy - Director


ISCVE LIMITED (REGISTERED NUMBER: 03288938)
(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

ISCVE Ltd is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered address can be found on the company information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the income generated from membership fees and workshops carried out for the benefit of the company's members.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
As a non-profit making educational membership body, the company is exempt from Corporation Tax in respect of any surplus income arising in the period from mutual trading with its members. Any other income or gains, including from investments, remains liable to Corporation Tax. Deferred tax is recognized in respect of fair value gains on investments held.

Listed investments
Listed investments are measured at fair value through profit and loss. The fair value for the year was determined by reference to the bid price at the relevant year end date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 2,067
DEPRECIATION
At 1 January 2023
and 31 December 2023 2,067
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

ISCVE LIMITED (REGISTERED NUMBER: 03288938)
(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 42,716
Revaluations (353 )
At 31 December 2023 42,363
NET BOOK VALUE
At 31 December 2023 42,363
At 31 December 2022 42,716


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 46,780 22,720
Other debtors 8,186 5,918
54,966 28,638

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 6,523 6,523
Taxation and social security 5,245 2,383
Other creditors 34,779 29,526
46,547 38,432

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 9,720 16,165

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 8,988
Fair Value gains (265 )

At 31 December 2023 8,723