REGISTERED NUMBER: 06720110 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ISLAND CHOICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

W E Stanbridge

Mrs L J Stanbridge

REGISTERED OFFICE:

East Quay

Kite Hill

Wootton Bridge

Isle of Wight

PO33 4LA

REGISTERED NUMBER:

06720110 (England and Wales)

ACCOUNTANTS:

Harrison Black Limited

East Quay

Kite Hill

Wootton Bridge

Isle of Wight

PO33 4LA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,036,592

629,626

1,036,592

629,626

CURRENT ASSETS

Debtors

6

373,399

226,997

Cash at bank and in hand

163,887

469,568

537,286

696,565

CREDITORS

Amounts falling due within one year

7

167,147

153,156

NET CURRENT ASSETS

370,139

543,409

TOTAL ASSETS LESS CURRENT LIABILITIES

1,406,731

1,173,035

PROVISIONS FOR LIABILITIES

3,283

3,518

NET ASSETS

1,403,448

1,169,517

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

1

1

Retained earnings

1,403,347

1,169,416

SHAREHOLDERS' FUNDS

1,403,448

1,169,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 18 May 2026 and were signed on its behalf by:

W E Stanbridge - Director

1.	STATUTORY INFORMATION

Island Choices Ltd is a private company, limited by shares , 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.

Turnover

Turnover represents invoiced sales of services. The company recognises income at the point which services are supplied to residents. Where services are performed gradually over time, revenue is recognised as the activity progresses by reference to the value of services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant & machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation is provided on the freehold property as the company follows a programme of regular refurbishment and maintenance of its property, which includes the reinstatement of the fabric of the building, where necessary, in order to maintain it to a high standard. Accordingly, in the opinion of the directors, any element of depreciation would be immaterial and consequently no provision has been made.

Tangible fixed assets are stated at cost less any accumulated depreciation and any accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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. Once the contributions have been paid the company has no further payment obligations. Amounts not paid at the year end are shown in other creditors. The assets of the plan are held separately from the company in independently administered funds.

Employment benefits

Short term benefits, including holiday pay, are recognised in the period in which the service is received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

19,200

AMORTISATION

At 1 November 2024

and 31 October 2025

19,200

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant &

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2024

623,069

3,469

14,324

3,700

644,562

Additions

407,043

-

-

1,299

408,342

At 31 October 2025

1,030,112

3,469

14,324

4,999

1,052,904

DEPRECIATION

At 1 November 2024

-

2,834

10,619

1,483

14,936

Charge for year

-

127

370

879

1,376

At 31 October 2025

-

2,961

10,989

2,362

16,312

NET BOOK VALUE

At 31 October 2025

1,030,112

508

3,335

2,637

1,036,592

At 31 October 2024

623,069

635

3,705

2,217

629,626

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

272,358

126,724

Amounts owed by participating interests

89,279

89,050

Other debtors

11,762

11,223

373,399

226,997

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,248

360

Taxation and social security

153,169

117,056

Other creditors

12,730

35,740

167,147

153,156

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Island Choices Ltd for the year ended 31 October 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Island Choices Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Island Choices Ltd and state those matters that we have agreed to state to the Board of Directors of Island Choices Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Island Choices Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Island Choices Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Island Choices Ltd. You consider that Island Choices Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Island Choices Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Harrison Black Limited

East Quay

Kite Hill

Wootton Bridge

Isle of Wight

PO33 4LA

21 May 2026