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Registered number: 10448975

Isla Max Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024

Prepared By:
Cate Moore Ltd
Bankspace
145-147 East Street
Bristol
BS3 4EJ

Isla Max Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
DIRECTORS
A Price
M Price
SECRETARY
J A Taylor
REGISTERED OFFICE
145-147 East Street
Bedminster
Bristol
BS3 4EJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10448975
ACCOUNTANTS
Cate Moore Ltd
Bankspace
145-147 East Street
Bristol
BS3 4EJ

Isla Max Limited

ACCOUNTS
FOR THEYEARENDED30/09/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Isla Max Limited

BALANCE SHEET AT 30/09/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,182,1671,186,044
CURRENT ASSETS
Debtors5329,605329,605
Cash at bank and in hand2,4139,468
332,018339,073
CREDITORS: Amounts falling due within one year639,27145,065
NET CURRENT ASSETS292,747294,008
TOTAL ASSETS LESS CURRENT LIABILITIES1,474,9141,480,052
CREDITORS: Amounts falling due after more than one year71,149,5831,167,140
PROVISIONS FOR LIABILITIES AND CHARGES956,58457,320
NET ASSETS268,747255,592
CAPITAL AND RESERVES
Called up share capital10100100
Revaluation reserve1d,1110,29410,294
Profit and loss account258,353245,198
SHAREHOLDERS' FUNDS268,747255,592
For the year ending 30/09/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17/03/2025 and signed on their behalf by
M Price
Director

Isla Max Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance25%
Fixtures And Fittingsstraight line20%
1c. Investment Properties
Investment properties are included in the financial statements at fair value derived from the current market prices for comparable property determined annually by the directors or external valuers. The valuers use observalbe 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 the profit and loss account.
No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

Isla Max Limited

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/10/202332,13211,63843,770
At 30/09/202432,13211,63843,770
Depreciation
At 01/10/202325,9366,79032,726
For the year1,5492,3283,877
At 30/09/202427,4859,11836,603
Net Book Amounts
At 30/09/20244,6472,5207,167
At 30/09/20236,1964,84811,044
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/10/20231,175,0001,175,000
At 30/09/20241,175,0001,175,000
The properties were valued on 12 February 2020 & 3 June 2021 by Andrew Forbes Chartered Surveyors and Paragon who are external to the company.
The directors consider the current value of the property to be accurate in the current market
5. DEBTORS 20242023
££
Amounts falling due within one year
Amounts due from connected companies329,605329,605
329,605329,605

Isla Max Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax6,9422,707
PAYE control693-
Other creditors30,30828,273
Accruals1,32814,085
39,27145,065
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr 422,012417,012
Loans >1yr665,750665,750
Other creditors > 1yr61,82184,378
1,149,5831,167,140
8. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured665,570665,750
9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation56,58457,320
56,58457,320

Isla Max Limited

10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
50 Ordinary shares of £1 each5050
50 Class B shares of £1 each5050
100100
11. REVALUATION RESERVE 20242023
££
Revaluation reserve10,29410,294
10,29410,294
12. RELATED PARTY TRANSACTIONS
Included in debtors is a loan which is repayable on demand from Marble Sage Ltd, a company with common directors. At the balance sheet date the amount due from Marble Sage Ltd is £329,605 (2023: £329,605), interest is charged on this loan.
Included in creditors is a loan which is repayable on demand to Piper Twix Ltd, a company with common directors.
At the balance sheet date the amount due to Piper Twix Ltd is £422,012 (2023: £417,012). No interest was charged on this loan during the year.