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REGISTERED NUMBER: 14687250 (England and Wales)









ISKA PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

24 FEBRUARY 2023 TO 29 FEBRUARY 2024






ISKA PROPERTIES LTD (REGISTERED NUMBER: 14687250)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 24 FEBRUARY 2023 TO 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ISKA PROPERTIES LTD

COMPANY INFORMATION
FOR THE PERIOD 24 FEBRUARY 2023 TO 29 FEBRUARY 2024







DIRECTORS: A D Pratt
K E Banham





REGISTERED OFFICE: 47 Cavendish Road
London
SW19 2ET





REGISTERED NUMBER: 14687250 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

ISKA PROPERTIES LTD (REGISTERED NUMBER: 14687250)

BALANCE SHEET
29 FEBRUARY 2024

Notes £    £   
FIXED ASSETS
Investment property 4 459,901

CURRENT ASSETS
Debtors 5 360
Cash at bank 2,042
2,402
CREDITORS
Amounts falling due within one year 6 180,814
NET CURRENT LIABILITIES (178,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,489

CREDITORS
Amounts falling due after more than one
year

7

315,389
NET LIABILITIES (33,900 )

RESERVES
Retained earnings (33,900 )
(33,900 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 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.

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 17 September 2024 and were signed on its behalf by:




A D Pratt - Director


ISKA PROPERTIES LTD (REGISTERED NUMBER: 14687250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 24 FEBRUARY 2023 TO 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Iska Properties Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


ISKA PROPERTIES LTD (REGISTERED NUMBER: 14687250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 24 FEBRUARY 2023 TO 29 FEBRUARY 2024

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 459,901
At 29 February 2024 459,901
NET BOOK VALUE
At 29 February 2024 459,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 180,814

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 315,389

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 315,389

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 315,389