The Investing and Saving Alliance - Accounts to registrar (filleted)

REGISTERED NUMBER: 03548792 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 30 JUNE 2025

FOR

THE INVESTING AND SAVING ALLIANCE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs. C. L. Knight

Mr. T. Stenning

Ms. A. H. Fairweather

Mr. P. W. Best

Mr. D. A. Barry

Mr M Westwell

Mr M S K Turner

Mr T R Orton

SECRETARY:

Mrs. C. L. Knight

REGISTERED OFFICE:

Dakota House

25 Falcon Court

Preston Farm Industrial Park

Stockton on Tees

Cleveland

TS18 3TX

REGISTERED NUMBER:

03548792 (England and Wales)

SENIOR STATUTORY AUDITOR:

Anne Cowley BA FCA

AUDITORS:

Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

FIXED ASSETS

Tangible assets

4

-

Investments

5

200

CURRENT ASSETS

Debtors

6

1,722,540

1,130,767

Cash at bank

492,424

361,922

2,214,964

1,492,689

CREDITORS

Amounts falling due within one year

7

2,021,615

1,454,454

NET CURRENT ASSETS

193,349

38,235

TOTAL ASSETS LESS CURRENT
LIABILITIES

193,549

38,435

CREDITORS

Amounts falling due after more than one
year

8

5,333

13,333

NET ASSETS

188,216

25,102

RESERVES

Income and expenditure account

188,216

25,102

188,216

25,102

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

Mr. T. Stenning - Director

1.	STATUTORY INFORMATION

The Investing and Saving Alliance is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's previous accounting reference date was extended from 30 June 2024 to 31 December 2024. This change was made to align the company's financial year end with the reflection of the true and fair value of the investment in one of its subsidiary companies.

Subsequently, to re-align the accounting reference date with the rest of the group, the current year end was shortened back to 30 June 2025.

As a result, the prior period results are not directly comparable.

Preparation of consolidated financial statements

The financial statements contain information about The Investing and Saving Alliance as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where income is received which relates to a period, part of which is subsequent to the balance sheet date, income is deferred on a time apportioned basis.

Tangible fixed assets and depreciation

Items costing £1,500 or less are treated as revenue items.

Where fixed assets are purchased costing more than £1,500 these are treated as capital items and depreciated on a straight line basis over three years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 36 (2024 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 30 June 2025

32,411

DEPRECIATION

At 1 January 2025

and 30 June 2025

32,411

NET BOOK VALUE

At 30 June 2025

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 30 June 2025

200

NET BOOK VALUE

At 30 June 2025

200

At 31 December 2024

200

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

707,983

219,937

Amounts owed by group undertakings

86,781

4,270

Other debtors

-

337

Prepayments and accrued income

54,656

41,033

849,420

265,577

Amounts falling due after more than one year:

Amounts owed by group undertakings

608,741

645,205

Other debtors

264,379

219,985

873,120

865,190

Aggregate amounts

1,722,540

1,130,767

TISAtech Limited - The funding required to establish the business was provided by The Investing and Saving Alliance. Of the funds provided to the company, a loan of £325,000 was provided with interest being charged at 4.5% above base rate until 30 June 2023 after which time no interest was charged. During the previous accounting period, it was agreed that TISAtech Limited was to cease trading and the amount due to The Investing and Saving Alliance was no longer recoverable. Therefore, in the prior year this was recognised as part of the cost of the investment in the balance sheet and the debt no longer recognised as a recoverable debtor.

TISA Universal Reporting Network Limited (TURN) - The funding required to establish the business has been provided by The Investing and Saving Alliance. On 24 June 2024, £380,615 of the balance due from TURN was transferred to the wholly owned subsidiary, TISA Commercial Enterprises Limited. In exchange, shares in TISA Universal Reporting Network Limited were issued to TISA Commercial Enterprises Limited. During the prior year, share issues in TURN have resulted in the company no longer being part of the group. The balance due from TURN as at 30 June 2025 of £264,379 (2024: £220,287) has been included within other debtors. This is interest free with no fixed repayment date.

TISA Commercial Enterprises Limited (TCE) - The balance due to TISA arising from the shares issued in TURN as detailed above, along with further amounts due from the provision of services to TCE totalled £608,741 (2024: £566,631). This is included within amounts owed by group undertakings. This amount is interest free and has no fixed repayment date.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

16,000

Trade creditors

103,473

79,263

Amounts owed to group undertakings

100

-

Social security and other taxes

92,183

90,647

Other Creditors

7,867

3,447

Accruals and deferred income

1,801,992

1,265,097

2,021,615

1,454,454

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 2-5 years

5,333

13,333

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

29,000

Between one and five years

58,000

72,500

87,000

101,500

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anne Cowley BA FCA (Senior Statutory Auditor)

for and on behalf of Baines Jewitt Limited

11.	PENSION COMMITMENTS

Total liabilities in respect of pensions amounted to £18,832 (2024: £17,747).

12.	LIMITED BY GUARANTEE

The Company is limited by guarantee as defined in the Companies Acts. The liability of the members is limited.

Every member of the Company undertakes to contribute such amount as may be required (not exceeding £1) to the Company's assets if it is wound up while they are a member or within one year after they cease to be a member, for payment of the Company's debts and liabilities contracted before they cease to be members, and of the costs, charges and expenses of winding up, and for the adjustments of the rights of the contributions amongst themselves.