ISSHO GATESHEAD LIMITED


Directors	LOVATT-BROWN, Sam
	MORENO CARRILLO, Gabriel Alejandro


Registered Address	70 Heathwood Road
	Bournemouth
	BH9 2JZ


Registered Number	13962785 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		7,000		10,000
Tangible assets	4		114,399		132,296
			121,399		142,296
Current assets
Stocks	5	95,326		84,055
Debtors	6	33,893		60,068
Cash at bank and on hand		17,554		5,654
		146,773		149,777
Creditors amounts falling due within one year	7	(112,254)		(199,944)
Net current assets (liabilities)			34,519		(50,167)
Total assets less current liabilities			155,918		92,129
Creditors amounts falling due after one year	8		(55,777)		(78,904)
Net assets			100,141		13,225
Capital and reserves
Called up share capital			80		80
Profit and loss account			100,061		13,145
Shareholders' funds			100,141		13,225

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. 13962785

ISSHO GATESHEAD 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.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

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

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Fixtures and fittings	25	-

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	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	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	15,000	15,000
At 31 March 25	15,000	15,000
Amortisation and impairment
At 01 April 24	5,000	5,000
Charge for year	3,000	3,000
At 31 March 25	8,000	8,000
Net book value
At 31 March 25	7,000	7,000
At 31 March 24	10,000	10,000

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 24	108,767	61,577	170,344
Additions	-	3,708	3,708
At 31 March 25	108,767	65,285	174,052
Depreciation and impairment
At 01 April 24	16,605	21,443	38,048
Charge for year	10,876	10,729	21,605
At 31 March 25	27,481	32,172	59,653
Net book value
At 31 March 25	81,286	33,113	114,399
At 31 March 24	92,162	40,134	132,296

5.	Stocks

	2025	2024
	£	£
Other stocks	95,326	84,055
Total	95,326	84,055

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	8,295	18,444
Prepayments and accrued income	25,598	41,624
Total	33,893	60,068

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	20,396	47,883
Bank borrowings and overdrafts	23,127	23,127
Taxation and social security	7,508	160
Other creditors	51,491	124,275
Accrued liabilities and deferred income	9,732	4,499
Total	112,254	199,944

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	55,777	78,904
Total	55,777	78,904


	Included within creditors falling due within one year and creditors falling due after more than one year is £78,904 (2024:£102,031) in respect of a HSBC recovery loan scheme. This loan is secured by a fixed and floating charge over present and future assets of the company. The loan is repayable by August 2028

9.	Other commitments
	LEASING AGREEMENTS: Minimum lease payments under non-cancellable operating leases fall due as follows: Due within one year: £80,000 (2024: £80,000) Due between two and five years: £280,000 (2024: £280,000) More than five years: £113,333 (2024:£193,333)

10.	Related party transactions
	Included in other creditors falling due within one year are due from companies connected to the director Issho Ltd £45,278 (2024: £18,755); Issho Birmingham Ltd £4,000 (2024: Nil); Issho Newcastle Ltd £4,000 (2024: Nil); GDMP Limited £1,350 (2024: Nil) During the year, the company paid management recharges for wages amounting to £147,967 (2024:£125,218) to Issho Ltd.