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Company No: 09624529 (England and Wales)

ISW HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

ISW HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

ISW HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2024
ISW HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTOR Mr M C Duncan
REGISTERED OFFICE 12 Hammet Street
Taunton
TA1 1RZ
United Kingdom
COMPANY NUMBER 09624529 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
ISW HOLDINGS LIMITED

BALANCE SHEET

As at 31 January 2024
ISW HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 400 400
400 400
Current assets
Debtors 4 227,499 227,499
Cash at bank and in hand 130 439
227,629 227,938
Creditors: amounts falling due within one year 5 ( 1,148) ( 1,748)
Net current assets 226,481 226,190
Total assets less current liabilities 226,881 226,590
Net assets 226,881 226,590
Capital and reserves
Called-up share capital 6 600 600
Profit and loss account 226,281 225,990
Total shareholder's funds 226,881 226,590

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of ISW Holdings Limited (registered number: 09624529) were approved and authorised for issue by the Director on 07 August 2024. They were signed on its behalf by:

Mr M C Duncan
Director
ISW HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
ISW HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ISW Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 12 Hammet Street, Taunton, TA1 1RZ, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares are measured at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 February 2023 400
At 31 January 2024 400
Carrying value at 31 January 2024 400
Carrying value at 31 January 2023 400

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 227,499 227,499

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 8 8
Other creditors 1,140 1,740
1,148 1,748

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
500 A ordinary shares of £ 1.00 each 500 500
100 B ordinary shares of £ 1.00 each 100 100
600 600

7. Financial commitments

Other financial commitments

The total amount of guarantees not included in the Balance Sheet is £685,961 (2023: £881,951). The company has entered into a cross-guarantee with ISWIFA Holdings Limited (its parent company) to guarantee amounts outstanding to the company's bankers. This guarantee is secured on the company's assets.