Isla Max Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10448975

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,679		7,167
Investment Properties	5		1,000,000		1,175,000

			1,003,679		1,182,167
CURRENT ASSETS
Debtors	6	329,605		329,605
Cash at bank and in hand		2,170		2,413

		331,775		332,018
Creditors: Amounts Falling Due Within One Year	7	(17,469 )		(39,271 )

NET CURRENT ASSETS (LIABILITIES)			314,306		292,747

TOTAL ASSETS LESS CURRENT LIABILITIES			1,317,985		1,474,914

Creditors: Amounts Falling Due After More Than One Year	8		(1,155,415 )		(1,149,583 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(29,830 )		(56,584 )

NET ASSETS			132,740		268,747

CAPITAL AND RESERVES
Called up share capital	10		100		100
Fair value reserve			86,732		10,294
Profit and Loss Account			45,908		258,353

SHAREHOLDERS' FUNDS			132,740		268,747

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Isla Max Ltd

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew Price

Director

20/04/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Isla Max Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10448975 . The registered office is 145-147 East Street, Bedminster, Bristol, BS3 4EJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover represents the value of commercial & domestic rental income under contracts and is recognised when the rental income is received.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	20% straight line

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Isla Max Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 October 2024	32,132	11,638	43,770

As at 30 September 2025	32,132	11,638	43,770

Depreciation
As at 1 October 2024	27,485	9,118	36,603
Provided during the period	1,161	2,327	3,488

As at 30 September 2025	28,646	11,445	40,091

Net Book Value
As at 30 September 2025	3,486	193	3,679

As at 1 October 2024	4,647	2,520	7,167

5. Investment Property

	2025
	£
Fair Value
As at 1 October 2024	1,175,000
Revaluations	(175,000)

As at 30 September 2025	1,000,000

The properties were valued on 12 February 2020 & 3 June 2021 by Andrew Forbes Chartered Surveyors and Paragon who are external to the company.

145-147 East Street was valued on 22 January 2025 by Carter Baynes Chartered Surveyors who are external to the company.

The directors consider the current value of the property to be accurate in the current market.

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Isla Max Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by participating interests	329,605	329,605

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	10,781	31,636
Taxation and social security	6,688	7,635

	17,469	39,271

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	590,750	665,750
Amounts owed to participating interests	497,012	422,012
Other creditors	67,653	61,821

	1,155,415	1,149,583

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	590,750		665,750

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
32 Ordinary A shares of £ 1 each	32	32
50 Ordinary B shares of £ 1 each	50	50
18 Ordinary C shares of £ 1 each	18	18

	100	100

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Isla Max Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

11. Related Party Transactions

Included in debtors is a loan which is repayable on demand from Marble Sage Ltd, a company with common directors. At the balance sheet date the amount due from Marble Sage Ltd is £329,605 (2024: £329,605), interest is charged on this loan.

Included in creditors is a loan which is repayable on demand to Piper Twix Ltd, a company with common directors.

At the balance sheet date the amount due to Piper Twix Ltd is £497,012 (2024: £422,012). No interest was charged on this loan during the year.

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