Isalyn Property Cyf - Filleted accounts

Registered number

14275722

Isalyn Property Cyf

Unaudited Filleted Accounts

30 April 2025

Isalyn Property Cyf
Registered number:		14275722
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		282,389			287,816

Current assets
Cash at bank and in hand		3,246			301

Creditors: amounts falling due within one year	4	(214,075)			(253,604)

Net current liabilities			(210,829)			(253,303)

Total assets less current liabilities			71,560			34,513

Creditors: amounts falling due after more than one year	5		(9,893)			(14,169)

Provisions for liabilities			(3,708)			(4,739)


Net assets			57,959			15,605

Capital and reserves
Called up share capital			100			100
Profit and loss account			57,859			15,505

Shareholders' funds			57,959			15,605

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mihlayfani Sibanda
Director
Approved by the board on 2 December 2025

Isalyn Property Cyf
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	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).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	Not depreciated
	Fixtures, fittings, tools and equipment	over 5 years
	Computer and equipment	3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 May 2024	262,874		38,637		301,511
	Additions	-		3,268		3,268
	At 30 April 2025	262,874		41,905		304,779

	Depreciation
	At 1 May 2024	-		13,695		13,695
	Charge for the year	-		8,695		8,695
	At 30 April 2025	-		22,390		22,390

	Net book value
	At 30 April 2025	262,874		19,515		282,389
	At 30 April 2024	262,874		24,942		287,816


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			262,874		262,874
	Cumulative depreciation based on historical cost			-		-
				262,874		262,874


	During the 2025 yearend the directors carried out a revaluation of the property held by the Company. The estimated current resale values for the properties was established by looking at similar properties for sale in and around their immediate locations. Valuation as at 30th April 2025 is £262,873.60.
	The combined historic cost value of the property was £262,873.60 . The property is not depreciated and any gain or loss under FR102 is transferred to the profit and loss account as non distributable reserves.

4	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			7,096		7,096
	Director's Loan			190,245		245,059
	Taxation and social security costs			15,584		160
	Other creditors			1,150		1,289
				214,075		253,604


5	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			9,893		14,169


6	Related party transactions

	The company rents 59 Balmoral Road to Luba Care Cyf, which is owned by the Shareholders of Isalyn Property Cyf. The property is rented at full commercial rates.

7	Transactions with Director

	During the year the directors used current accounts with the company to record amounts due to them and amounts drawn by them. The accounts show an amount owing back to the directors as at 30th April 2025 of £190,244.71 (2024: £245,058.96). The amount is repayable on demand and carries interest.

8	Controlling party

	Mihlayfani Sibanda and Jane Sibanda each own 50% of the shareholding and jointly manage the day to day running of the company. They are therefore both the controlling parties of Isalyn Property Cyf.


9	Other information

	Isalyn Property Cyf is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Bank
	Beaufort Street
	Abergavenny
	Monmouthshire
	NP8 1AD