ISSHO NEWCASTLE LTD


Directors	LOVATT-BROWN, Sam
	MORENO, Gabriel Alejandro


Registered Address	70 Heathwood Road
	Bournemouth
	BH9 2JZ


Registered Number	15648008 (England and Wales)

Notes to the Financial Statements
for the period 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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
	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.

	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
	Average number of employees during the year	2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
Additions	15,000	15,000
At 31 March 25	15,000	15,000
Amortisation and impairment
Charge for year	1,125	1,125
At 31 March 25	1,125	1,125
Net book value
At 31 March 25	13,875	13,875
At 14 April 24	-	-

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
Additions	124,795	46,817	171,612
At 31 March 25	124,795	46,817	171,612
Depreciation and impairment
Charge for year	9,476	6,937	16,413
At 31 March 25	9,476	6,937	16,413
Net book value
At 31 March 25	115,319	39,880	155,199
At 14 April 24	-	-	-

5.	Stocks

		2025
		£
	Raw materials and consumables	73,563
	Total	73,563

6.	Debtors: amounts due within one year

		2025
		£
	Other debtors	27,584
	Prepayments and accrued income	17,502
	Total	45,086

7.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	26,315
	Taxation and social security	479
	Other creditors	219,331
	Accrued liabilities and deferred income	64,255
	Total	310,380

8.	Other commitments
	LEASING AGREEMENTS: Minimum lease payments under non-cancellable operating leases fall due as follows: Due within one year: £80,000 Due between two and five years: £320,000 More than five years: £320,000

9.	Related party transactions
	Included in other debtors falling due within one year are due from companies connected to the director Issho Gateshead Ltd £863 Included in other creditors falling due within one year are due to companies connected to the director Issho Ltd £219,331 During the year, the company paid management recharges for wages amounting to £106,523 to Issho Ltd.

10.	Change in reporting period and impact on comparability
	Reporting period This is the first time the company has presented its financial statements since its incorporation. Hence, the financial statements presented are for the period of less than twelve months with no comparatives.

	Notes	2025
		£	£
Fixed assets
Intangible assets	3		13,875
Tangible assets	4		155,199
			169,074
Current assets
Stocks	5	73,563
Debtors	6	45,086
Cash at bank and on hand		22,722
		141,371
Creditors amounts falling due within one year	7	(310,380)
Net current assets (liabilities)			(169,009)
Total assets less current liabilities			65
Net assets			65
Capital and reserves
Called up share capital			80
Profit and loss account			(15)
Shareholders' funds			65