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Registration number: 07596167

Isogen Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

(filleted for filing purposes)

 

Isogen Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Isogen Ltd

Company Information

Directors

Mr MC Cork

Mrs JV Cork

Mrs KA Cork

Miss I E Cork

Miss I J Cork

Mrs D J Smith

Company secretary

Mr MC Cork

Registered office

Home Meadow
Popsall Lane
Wingham
Canterbury
Kent
CT3 1AT

 

Isogen Ltd

(Registration number: 07596167)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

5,543

3,901

Investment property

5

1,405,000

1,457,500

Investments

6

4

4

 

1,410,547

1,461,405

Current assets

 

Debtors

7

35,355

35,661

Cash at bank and in hand

 

615,051

592,937

 

650,406

628,598

Creditors: Amounts falling due within one year

8

(19,764)

(19,393)

Net current assets

 

630,642

609,205

Net assets

 

2,041,189

2,070,610

Capital and reserves

 

Called up share capital

9

4

4

Other reserves

189,084

241,584

Retained earnings

1,852,101

1,829,022

Shareholders' funds

 

2,041,189

2,070,610

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 May 2025 and signed on its behalf by:
 

.........................................
Mr MC Cork
Company secretary and director

 

Isogen Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Home Meadow
Popsall Lane
Wingham
Canterbury
Kent
CT3 1AT
England

These financial statements were authorised for issue by the Board on 8 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Office equipment

15% reducing balance

 

Isogen Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable 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 profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

 

Isogen Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

4,177

4,683

8,860

Additions

-

2,597

2,597

At 31 March 2025

4,177

7,280

11,457

Depreciation

At 1 April 2024

1,298

3,661

4,959

Charge for the year

822

133

955

At 31 March 2025

2,120

3,794

5,914

Carrying amount

At 31 March 2025

2,057

3,486

5,543

At 31 March 2024

2,879

1,022

3,901

5

Investment properties

2025
£

At 1 April

1,457,500

Fair value adjustments

(52,500)

At 31 March

1,405,000

Professional valuations were obtained for the company's investment properties in March 2025.

6

Investments

2025
£

2024
£

Investments in subsidiaries

4

4

Subsidiaries

£

Cost or valuation

At 1 April 2024

4

Carrying amount

At 31 March 2025

4

At 31 March 2024

4

 

Isogen Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Note

2025
£

2024
£

Trade debtors

 

1,556

2,294

Owed by/(from) participating interests

33,367

33,367

Other debtors

 

432

-

Total current trade and other debtors

 

35,355

35,661

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

1,380

-

Amounts due to related parties

10,521

9,171

Social security and other taxes

 

12

-

Other payables

 

6,411

8,782

Accruals

 

1,440

1,440

 

19,764

19,393

9

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £0.01 each

400

4

400

4