1 September 2023 false No description of principal activity Taxfiler 2024.6 12154553business:PrivateLimitedCompanyLtd2023-09-012024-08-31 121545532023-08-31 121545532023-09-012024-08-31 12154553business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 12154553business:FilletedAccounts2023-09-012024-08-31 121545532024-08-31 12154553business:Director12023-09-012024-08-31 12154553business:RegisteredOffice2023-09-012024-08-31 121545532023-08-31 12154553core:AfterOneYear2024-08-31 12154553core:AfterOneYear2023-08-31 12154553core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 12154553core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12154553core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 12154553core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12154553core:PreviouslyStatedAmount2024-08-31 12154553core:PreviouslyStatedAmount2023-08-31 12154553business:SmallEntities2023-09-012024-08-31 12154553countries:EnglandWales2023-09-012024-08-31 121545532022-09-012023-08-31 iso4217:GBP xbrli:pure
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
Page
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ISG 2 Limited Company Information for the year ended 31 August 2024
Director
Indarjit Singh
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
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ISG 2 Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
717,939 
694,344 
Current assets
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)
Capital and reserves
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
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ISG 2 Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
694,344 
Additions
23,595 
At 31 August 2024
717,939 
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 
817,666 
758,761 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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