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Registered number: 08727789
ISE Business Park Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08727789
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,928 18,570
13,928 18,570
CURRENT ASSETS
Stocks 5 3,138,096 1,678,104
Debtors 6 190,282 1,632,615
Cash at bank and in hand 996,727 348,762
4,325,105 3,659,481
Creditors: Amounts Falling Due Within One Year 7 (539,865 ) (494,745 )
NET CURRENT ASSETS (LIABILITIES) 3,785,240 3,164,736
TOTAL ASSETS LESS CURRENT LIABILITIES 3,799,168 3,183,306
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,482 ) (4,643 )
NET ASSETS 3,795,686 3,178,663
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 3,795,586 3,178,563
SHAREHOLDERS' FUNDS 3,795,686 3,178,663
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Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs A J Park
Director
Mr C S Simmons
Director
Mr A B Greatrex
Director
14 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ISE Business Park Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08727789 . The registered office is Gibson House Hurricane Court, Hurricane Close, Stafford, ST16 1GZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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. 
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
The policies adopted for the recognition of turonover 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 competion 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 measured 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.  
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery - 25% on reducing balance
2.4. Stocks and Work in Progress
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. 
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within 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. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 110,056
As at 31 December 2024 110,056
Depreciation
As at 1 January 2024 91,486
Provided during the period 4,642
As at 31 December 2024 96,128
Net Book Value
As at 31 December 2024 13,928
As at 1 January 2024 18,570
5. Stocks
2024 2023
£ £
Stock 3,138,096 1,678,104
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 178,935 1,415,249
Prepayments and accrued income 2,978 1,702
VAT 8,369 -
Amounts owed by subsidiaries - 215,664
190,282 1,632,615
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 111,073 6,799
Corporation tax 206,835 256,768
VAT - 225,206
Accruals and deferred income 107,067 5,972
Amounts owed to group undertakings 114,890 -
539,865 494,745
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Related Party Transactions
During the year the company had transactions with other companies in which the directors had participating interests. The aggregate amount of these transactions in the year amounted to £2,460,612 (2023 - £349,141). The aggregate amounts outstanding to these companies as at 31 December 2024 amounted to £132,780 (2023 - the aggregate amounts outstanding from these companies amounted to £302,074). 
10. Ultimate Parent Undertaking and Controlling Party
The immediate and ultimate parent company is ISE Trading Limited, Gibson House, Hurricane Court, Hurricane Close, Stafford, ST16 1GZ. 
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