ISSHO LIMITED


Directors	LOVATT-BROWN, Sam
	MORENO CARRILLO, Gabriel Alejandro


Registered Address	70 Heathwood Road
	Bournemouth
	BH9 2JZ


Registered Number	13961774 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		40,000		60,000
			40,000		60,000
Current assets
Debtors	4	405,457		617,470
Cash at bank and on hand		135,061		15,858
		540,518		633,328
Creditors amounts falling due within one year	5	(1,060,678)		(831,389)
Net current assets (liabilities)			(520,160)		(198,061)
Total assets less current liabilities			(480,160)		(138,061)
Net assets			(480,160)		(138,061)
Capital and reserves
Called up share capital			80		80
Profit and loss account			(480,240)		(138,141)
Shareholders' funds			(480,160)		(138,061)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 6 October 2025, and are signed on its behalf by:

MORENO CARRILLO, Gabriel Alejandro
Director
Registered Company No. 13961774

ISSHO LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover includes management fees receivable which is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Intangible assets
	Patents and licences relate to payments made for the right to discharge the operation of the franchise. They are initially measured at cost. After initial recognition, they are measured at cost less any accumulated amortization and any accumulated impairment losses. Intangible assets are are being amortized evenly over their estimated useful life of 5 years.

	Financial instruments
	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities 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. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	31		26

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	100,000	100,000
At 31 March 25	100,000	100,000
Amortisation and impairment
At 01 April 24	40,000	40,000
Charge for year	20,000	20,000
At 31 March 25	60,000	60,000
Net book value
At 31 March 25	40,000	40,000
At 31 March 24	60,000	60,000

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	385,918	615,998
Prepayments and accrued income	19,539	1,472
Total	405,457	617,470

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	226	8,538
Bank borrowings and overdrafts	121	-
Taxation and social security	3,934	-
Other creditors	1,033,007	808,007
Accrued liabilities and deferred income	23,390	14,844
Total	1,060,678	831,389

6.	Related party transactions
	Included in other debtors falling due within one year are due from companies connected to the director. Issho Birmingham Ltd £121,042 (2024: £161,196); Issho Gateshead Ltd £38,666 (2024:£124,275); Issho Solihull Ltd Nil (2024: £330,173) and Issho Newcastle Ltd £213,064 (2024: Nil) During the year, the company recharged wages and other costs amounting to £120,634(2024: £127,958) to Issho Birmingham Ltd., £147,967 (2024:132,876) to Issho Gateshead Ltd; £3,034 (2024: £60,258) to Issho Solihull Ltd and £106,523 (2024 Nil) to Issho Newcastle Ltd, companies connected to the director Included in other creditors falling due within one year is £1,033,007 (2024: £808,007) due to GDMP Investments Ltd, a company connected to the director, G Moreno.

Related party transactions

Included in other debtors falling due within one year are due from companies connected to the director.
Issho Birmingham Ltd £121,042 (2024: £161,196); Issho Gateshead Ltd £38,666 (2024:£124,275); Issho Solihull Ltd Nil (2024: £330,173) and Issho Newcastle Ltd £213,064 (2024: Nil)

During the year, the company recharged wages and other costs amounting to £120,634(2024: £127,958) to Issho Birmingham Ltd., £147,967 (2024:132,876) to Issho Gateshead Ltd; £3,034 (2024: £60,258) to Issho Solihull Ltd and £106,523 (2024 Nil) to Issho Newcastle Ltd, companies connected to the director

Included in other creditors falling due within one year is £1,033,007 (2024: £808,007) due to GDMP Investments Ltd, a company connected to the director, G Moreno.