Company Registration No. 12154553 (England and Wales)
ISG 2 Limited
Unaudited accounts
for the year ended 31 August 2024
ISG 2 Limited
Unaudited accounts
Contents
ISG 2 Limited
Company Information
for the year ended 31 August 2024
Company Number
12154553 (England and Wales)
Registered Office
44 COLNBROOK AVENUE
HAYES
MIDDLESEX
UB3 1TQ
ENGLAND
Accountants
Uppal & Co Accoutants (UK) Ltd
2 Copse Close
Slough
SL1 5DT
ISG 2 Limited
Statement of financial position
as at 31 August 2024
Investment property
717,939
694,344
Cash at bank and in hand
5,355
3,774
Net current assets
5,355
3,774
Total assets less current liabilities
723,294
698,118
Creditors: amounts falling due after more than one year
(817,666)
(758,761)
Net liabilities
(94,372)
(60,643)
Called up share capital
10
10
Profit and loss account
(94,382)
(60,653)
Shareholders' funds
(94,372)
(60,643)
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2025 and were signed on its behalf by
Indarjit Singh
Director
Company Registration No. 12154553
ISG 2 Limited
Notes to the Accounts
for the year ended 31 August 2024
ISG 2 Limited is a private company, limited by shares, registered in England and Wales, registration number 12154553. The registered office is 44 COLNBROOK AVENUE, HAYES, MIDDLESEX, UB3 1TQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fair value at 1 September 2023
694,344
5
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
197,179
210,136
Other creditors
86,971
53,471
Loans from directors
533,516
495,154
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).