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Company registration number:
15321632
ISTENI MANAGEMENT LIMITED
Unaudited Filleted Financial Statements for the period ended
31 December 2024
ISTENI MANAGEMENT LIMITED
Statement of Financial Position
31 December 2024

|  | 31 Dec 2024
--- | --- | ---
| Note | £
Fixed assets |  |  |
Tangible assets | 5 | 10 |
Current assets |  |  |
Cash at bank and in hand |  | 445 |
Creditors: amounts falling due within one year | 6 | (755 | )
Net current liabilities |  | (310 | )
Total assets less current liabilities |  | (300 | )
Capital and reserves |  |  |
Called up share capital |  | 100 |
Profit and loss account |  | (400 | )
Shareholders deficit |  | (300 | )

For the period ending
31 December 2024
, 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.

These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
28 November 2025
, and are signed on behalf of the board by:

F Gander
Director

Company registration number:
15321632
ISTENI MANAGEMENT LIMITED
Notes to the Financial Statements
Period ended
31 December 2024

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1 The Uplands
,
Harpenden
,
England
,
AL5 2PJ
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Where a freehold interest is converted into a long leasehold of 999 years, the substance of the transaction is assessed: If substantially all risks and rewards of ownership are transferred, the freehold interest is derecognised. Any retained interest (e.g., reversionary interest) is recognised as an investment property or intangible asset at fair value at the date of transfer. Gains or losses on disposal of the freehold interest are recognised in the Statement of Comprehensive Income.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

## Impairment

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.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

## 4 Average number of employees

The average number of persons employed by the company during the period was
2
.

## 5 Tangible assets

| Land and buildings
--- | ---
| £
Cost |  |
At 1 December 2023 | - |
Additions | 1,000,010 |
Disposals | (1,000,000 | )
At 31 December 2024 | 10 |
Depreciation |  |
At 1 December 2023 and 31 December 2024 | - |
Carrying amount |  |
At 31 December 2024 | 10 |

## 6 Creditors: amounts falling due within one year

| 31 Dec 2024
--- | ---
| £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10 |
Other creditors | 745 |
| 755 |