IRIS Accounts Production v24.2.0.383 08727789 Board of Directors Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087277892022-12-31087277892023-12-31087277892023-01-012023-12-31087277892021-12-31087277892022-01-012022-12-31087277892022-12-3108727789ns15:EnglandWales2023-01-012023-12-3108727789ns14:PoundSterling2023-01-012023-12-3108727789ns10:Director12023-01-012023-12-3108727789ns10:Director22023-01-012023-12-3108727789ns10:Director32023-01-012023-12-3108727789ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108727789ns10:SmallEntities2023-01-012023-12-3108727789ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108727789ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108727789ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108727789ns10:FullAccounts2023-01-012023-12-3108727789ns10:OrdinaryShareClass12023-01-012023-12-3108727789ns10:RegisteredOffice2023-01-012023-12-3108727789ns5:CurrentFinancialInstruments2023-12-3108727789ns5:CurrentFinancialInstruments2022-12-3108727789ns5:ShareCapital2023-12-3108727789ns5:ShareCapital2022-12-3108727789ns5:RetainedEarningsAccumulatedLosses2023-12-3108727789ns5:RetainedEarningsAccumulatedLosses2022-12-3108727789ns5:PlantMachinery2023-01-012023-12-3108727789ns5:PlantMachinery2022-12-3108727789ns5:PlantMachinery2023-12-3108727789ns5:PlantMachinery2022-12-3108727789ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108727789ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108727789ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 08727789 (England and Wales)















ISE BUSINESS PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






ISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 08727789)

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


ISE BUSINESS PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C S Simmons
A B Greatrex
Mrs A J Park





REGISTERED OFFICE: Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ





REGISTERED NUMBER: 08727789 (England and Wales)

ISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 08727789)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,570 24,760

CURRENT ASSETS
Stocks 1,678,104 3,141,267
Debtors 5 1,632,615 58,882
Cash at bank 348,762 99,036
3,659,481 3,299,185
CREDITORS
Amounts falling due within one year 6 (494,745 ) (969,357 )
NET CURRENT ASSETS 3,164,736 2,329,828
TOTAL ASSETS LESS CURRENT LIABILITIES 3,183,306 2,354,588

PROVISIONS FOR LIABILITIES (4,643 ) (6,190 )
NET ASSETS 3,178,663 2,348,398

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 3,178,563 2,348,298
SHAREHOLDERS' FUNDS 3,178,663 2,348,398

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.

ISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 08727789)

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 Profit and Loss Account has not been delivered.

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




A B Greatrex - Director C S Simmons - Director




Mrs A J Park - Director


ISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 08727789)

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


1. STATUTORY INFORMATION

ISE Business Park 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

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

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

The policies adopted for the recognition of turnover are as follows:

Sale of land
Turnover from the sale of land is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually when completion of the contract for sale of the land has been enacted by the buyer.

Design and build projects
When the outcome of a design and build project can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the architects certification.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Recharge of planning costs and other expenses
Planning costs and other expenses incurred are recharged to the buyer. Turnover from this source is recognised when the planning permission has been submitted on behalf of the buyer.

Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.

ISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 08727789)

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


2. ACCOUNTING POLICIES - continued

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 - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks of land are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable with one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 08727789)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 110,056
DEPRECIATION
At 1 January 2023 85,296
Charge for year 6,190
At 31 December 2023 91,486
NET BOOK VALUE
At 31 December 2023 18,570
At 31 December 2022 24,760

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,415,249 57,337
Amounts owed by participating interests 215,664 -
Prepayments and accrued income 1,702 1,545
1,632,615 58,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,799 5,978
Amounts owed to group undertakings - 886,959
Tax 256,768 39,560
VAT 225,206 1,956
Accruals and deferred income 5,972 34,904
494,745 969,357

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

ISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 08727789)

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


8. RELATED PARTY DISCLOSURES

During the year the company had transactions with other companies in which the directors had participating interests in. The aggregate amount of these transactions in the year amounted to £349,141 (2022 - £1,015,298). The aggregate amounts outstanding from these companies as at 31 December 2023 amounted to £302,074 (2022 - £26).

9. PARENT COMPANY

The immediate and ultimate parent company is ISE Trading Limited, Gibson House, Hurricane Court, Hurricane Close, Stafford, ST16 1GZ.