Isham Financial Centre Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08557845

ISHAM FINANCIAL CENTRE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2025

ISHAM FINANCIAL CENTRE LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

	30 Jun 25		31 Mar 24
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	–	140,125
Tangible assets	6	3,630	5,521
Investments	7	–	89,227
		-------	---------
		3,630	234,873

CURRENT ASSETS

Debtors	8	39,296	27,241
Cash at bank and in hand		197,372	166,562
		---------	---------
		236,668	193,803

CREDITORS: amounts falling due within one year	9	64,479		28,990
		---------		---------
NET CURRENT ASSETS			172,189		164,813
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			175,819		399,686

PROVISIONS	–	5,819
	---------	---------
NET ASSETS	175,819	393,867
	---------	---------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Non distributable reserve	–	17,962
Profit and loss account	175,719	375,805
	---------	---------
SHAREHOLDERS FUNDS	175,819	393,867
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 30 June 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 financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ISHAM FINANCIAL CENTRE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 10 October 2025 , and are signed on behalf of the board by:

Mr G Morrissey

Director

Company registration number: 08557845

ISHAM FINANCIAL CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2024 TO 30 JUNE 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7th Floor, 80 Cannon Street, London, EC4N 6HL.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets, liabilities and investments measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and Fittings	-	15% reducing balance
Office Equipment	-	33 1/3% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 5 (2024: 5 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 April 2024	285,000
Additions	–
Disposals	( 285,000)
	---------
At 30 June 2025	–
	---------
Amortisation
At 1 April 2024	144,875
Charge for the period	–
Disposals	( 144,875)
	---------
At 30 June 2025	–
	---------
Carrying amount
At 30 June 2025	–
	---------
At 31 March 2024	140,125
	---------

6. TANGIBLE ASSETS

	Fixtures and fittings	Office Equipment	Total
	£	£	£
Cost
At 1 April 2024	2,285	26,593	28,878
Additions	–	3,960	3,960
Disposals	( 2,285)	( 26,593)	( 28,878)
	-------	--------	--------
At 30 June 2025	–	3,960	3,960
	-------	--------	--------
Depreciation
At 1 April 2024	1,846	21,511	23,357
Charge for the period	–	330	330
Disposals	( 1,846)	( 21,511)	( 23,357)
	-------	--------	--------
At 30 June 2025	–	330	330
	-------	--------	--------
Carrying amount
At 30 June 2025	–	3,630	3,630
	-------	--------	--------
At 31 March 2024	439	5,082	5,521
	-------	--------	--------

7. INVESTMENTS

	Other investments other than loans
	£
At Valuation
At 1 April 2024	89,227
Disposals	( 89,227)
	--------
At 30 June 2025	–
	--------
Impairment
At 1 April 2024 and 30 June 2025	–
	--------

Carrying amount
At 30 June 2025	–
	--------
At 31 March 2024	89,227
	--------

8. DEBTORS

	30 Jun 25	31 Mar 24
	£	£
Trade debtors	36,696	24,714
Other debtors	2,600	2,527
	--------	--------
	39,296	27,241
	--------	--------

9. CREDITORS: amounts falling due within one year

	30 Jun 25	31 Mar 24
	£	£
Trade creditors	5,944	4,689
Social security and other taxes	4,335	18,774
Other creditors	54,200	5,527
	--------	--------
	64,479	28,990
	--------	--------

10. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	30 Jun 25	31 Mar 24
	£	£
Not later than 1 year	–	10,000
	----	--------