Isborne Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13188926 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ISBORNE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S D Bullingham

REGISTERED OFFICE:

4th Floor St James House

St James' Square

Cheltenham

GL50 3PR

REGISTERED NUMBER:

13188926 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Investments

4

5,000

CURRENT ASSETS

Debtors

5

106,259

179,389

Cash at bank and in hand

541

121

106,800

179,510

CREDITORS

Amounts falling due within one year

6

88,111

168,087

NET CURRENT ASSETS

18,689

11,423

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,689

16,423

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

23,688

16,422

SHAREHOLDERS' FUNDS

23,689

16,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2025 and were signed by:

S D Bullingham - Director

1.	STATUTORY INFORMATION

Isborne Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Investment

in LLP

£

Cost

At 1 January 2024

and 31 December 2024

5,000

Net book value

At 31 December 2024

5,000

At 31 December 2023

5,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

106,259

179,389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Taxation and social security

2,662

958

Other creditors

85,449

167,129

88,111

168,087

7.	RELATED PARTY DISCLOSURES

Included within debtors: amount falling due within one year, is a director's loan account provided to S D Bullingham in the sum of £36,269 (2023: £81,749 creditor).The loan is unsecured, accrues interest at HM Revenue & Customs ("HMRC") official rate and was repaid after the year end date.

Included within creditors: a loan provided by Elender Properties Ltd, a related company, in the sum of £84,000 (2023: £84,000). The loans are unsecured, interest free and carries no fixed date of repayment.

8.	PARTICIPATING INTEREST

The company is a member of Tivoli Finance LLP, an incorporated limited liability partnership based in England and Wales.

The company is entitled to receive a share of the partnership's profits, which for the period ended 31 December 2024 was £5,097 (2023: £6.025). Total profits before members' remuneration for the period were £76,872 (2023: £43,102).