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Registration number: 05939939

ISH Properties (UK) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2025

 

ISH Properties (UK) Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 11

iXBRL Detailed Profit and Loss Account

12

 

ISH Properties (UK) Limited

Company Information

Directors

Dr Jaswir Singh Sanghera

Dr Vichitar Sanghera

Company secretary

Dr Jaswir Singh Sanghera

Registered office

Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

Accountants

Charles Rippin & Turner
Chartered AccountantsMiddlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

 

ISH Properties (UK) Limited

Directors' Report for the Year Ended 31 May 2025

The directors present their report and the financial statements for the year ended 31 May 2025.

Directors of the company

The directors who held office during the year were as follows:

Dr Jaswir Singh Sanghera - Company secretary and director

Dr Vichitar Sanghera

Principal activity

The principal activity of the company is Management of Investment Property

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

.........................................
Dr Jaswir Singh Sanghera
Company secretary and director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ISH Properties (UK) Limited
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ISH Properties (UK) Limited for the year ended 31 May 2025 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of ISH Properties (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ISH Properties (UK) Limited and state those matters that we have agreed to state to the Board of Directors of ISH Properties (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ISH Properties (UK) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ISH Properties (UK) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ISH Properties (UK) Limited. You consider that ISH Properties (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ISH Properties (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Charles Rippin & Turner
Chartered Accountants
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

23 July 2025

 

ISH Properties (UK) Limited

Profit and Loss Account for the Year Ended 31 May 2025

Note

2025
£

2024
£

Turnover

 

118,750

210,000

Gross profit

 

118,750

210,000

Administrative expenses

 

(51,086)

(94,682)

Operating profit

 

67,664

115,318

Profit before tax

4

67,664

115,318

Tax on profit

 

(2,092)

-

Profit for the financial year

 

65,572

115,318

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

ISH Properties (UK) Limited

Statement of Comprehensive Income for the Year Ended 31 May 2025

2025
£

2024
£

Profit for the year

65,572

115,318

Total comprehensive income for the year

65,572

115,318

 

ISH Properties (UK) Limited

(Registration number: 05939939)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

4,198,943

4,188,567

Current assets

 

Debtors

6

521,607

475,407

Cash at bank and in hand

 

82,220

103,007

 

603,827

578,414

Creditors: Amounts falling due within one year

7

(577,512)

(561,152)

Net current assets

 

26,315

17,262

Total assets less current liabilities

 

4,225,258

4,205,829

Creditors: Amounts falling due after more than one year

7

(3,068,065)

(3,114,208)

Net assets

 

1,157,193

1,091,621

Capital and reserves

 

Called up share capital

8

2

2

Share premium reserve

149,998

149,998

Retained earnings

1,007,193

941,621

Shareholders' funds

 

1,157,193

1,091,621

For the financial year ending 31 May 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

.........................................
Dr Jaswir Singh Sanghera
Company secretary and director

 

ISH Properties (UK) Limited

Statement of Changes in Equity for the Year Ended 31 May 2025

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 June 2024

2

149,998

941,621

1,091,621

Profit for the year

-

-

65,572

65,572

At 31 May 2025

2

149,998

1,007,193

1,157,193

Share capital
£

Share premium
£

Retained earnings
£

Total
£

At 1 June 2023

2

149,998

826,303

976,303

Profit for the year

-

-

115,318

115,318

At 31 May 2024

2

149,998

941,621

1,091,621

 

ISH Properties (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

These financial statements were authorised for issue by the Board on 23 July 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

ISH Properties (UK) Limited

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

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

Freehold property

2% per annum

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 debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

ISH Properties (UK) Limited

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

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

43,119

50,728

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2024

4,131,902

607,004

4,738,906

Additions

-

53,494

53,494

Disposals

(471,900)

(76,950)

(548,850)

At 31 May 2025

3,660,002

583,548

4,243,550

Depreciation

At 1 June 2024

473,218

77,121

550,339

Charge for the year

12,168

30,950

43,118

Eliminated on disposal

(471,900)

(76,950)

(548,850)

At 31 May 2025

13,486

31,121

44,607

Carrying amount

At 31 May 2025

3,646,516

552,427

4,198,943

At 31 May 2024

3,658,684

529,883

4,188,567

Included within the net book value of land and buildings above is £3,646,516 (2024 - £3,658,684) in respect of freehold land and buildings.
 

 

ISH Properties (UK) Limited

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

6

Debtors

Current

2025
£

2024
£

Trade debtors

521,607

475,407

 

521,607

475,407

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

571,134

547,374

Taxation and social security

 

2,991

9,978

Accruals and deferred income

 

3,387

3,800

 

577,512

561,152

Creditors: amounts falling due after more than one year

2025
£

2024
£

Due after one year

Other financial liabilities

3,068,065

3,114,208

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

9

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

571,134

547,374

 

ISH Properties (UK) Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 May 2025

2025
£

2024
£

Turnover/revenue

118,750

210,000

Cost of sales

Distribution costs

Administrative expenses

Audit and accountancy other services

(3,387)

(3,800)

Other repairs and maintenance costs

(4,450)

(30,016)

Depreciation of fixed assets

(43,119)

(50,728)

Bank charges

(130)

(214)

Insurance costs

-

(9,924)

Other operating income

Other items

Profit on ordinary activities before taxation

67,664

115,318

Tax on profit or loss on ordinary activities

(2,092)

-

Profit for the financial year

65,572

115,318