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Company No: 06816227 (England and Wales)

ISLESHIRE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

ISLESHIRE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

ISLESHIRE HOLDINGS LIMITED

BALANCE SHEET

As at 28 February 2025
ISLESHIRE HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 2,776 3,701
Investment property 4 1,755,073 1,515,705
Investments 1 1
1,757,850 1,519,407
Current assets
Debtors 5 0 10,680
0 10,680
Creditors: amounts falling due within one year 6 ( 494,437) ( 265,933)
Net current liabilities (494,437) (255,253)
Total assets less current liabilities 1,263,413 1,264,154
Net assets 1,263,413 1,264,154
Capital and reserves
Called-up share capital 90 90
Profit and loss account 1,263,323 1,264,064
Total shareholders' funds 1,263,413 1,264,154

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Isleshire Holdings Limited (registered number: 06816227) were approved and authorised for issue by the Board of Directors on 06 June 2025. They were signed on its behalf by:

D A Cartridge
Director
ISLESHIRE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
ISLESHIRE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Isleshire Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 March 2024 10,699 21,000 31,699
At 28 February 2025 10,699 21,000 31,699
Accumulated depreciation
At 01 March 2024 9,450 18,548 27,998
Charge for the financial year 312 613 925
At 28 February 2025 9,762 19,161 28,923
Net book value
At 28 February 2025 937 1,839 2,776
At 29 February 2024 1,249 2,452 3,701

4. Investment property

Investment property
£
Valuation
As at 01 March 2024 1,515,705
Additions 239,368
As at 28 February 2025 1,755,073

5. Debtors

2025 2024
£ £
Other debtors 0 10,680

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 24,611 11,107
Other creditors 469,826 254,826
494,437 265,933