Registered number
02408021
I S M (Malmesbury) Limited
Filleted Abridged Accounts
31 December 2025

I S M (Malmesbury) Limited
Registered number: | 02408021
Abridged Statement of Financial Position
as at 31 December 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets |  |  |  | 6,996 |  |  | 6,996
Creditors: amounts falling due within one year |  |  | (6,981) |  |  | (6,981)
Net current liabilities |  |  |  | (6,981) |  |  | (6,981)
Net assets |  |  |  | 15 |  |  | 15
Capital and reserves
Called up share capital |  |  |  | 15 |  |  | 15
Shareholders' funds |  |  |  | 15 |  |  | 15
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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Mr M Guy
Director
Approved by the board on 30 March 2026

I S M (Malmesbury) Limited
Notes to the Abridged Accounts
as at 31 December 2025
1 | Accounting policies
| Basis of preparation
| The abridged 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).
| Tangible assets
| The freehold reversionary interest in the property is held by the company for the purpose of giving the lessees more control over their dwellings and not for the purpose of its investment potential. The directors assess annually the need to provide for any impairment in recoverable amount below cost.
| Impairment of fixed assets
| 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
| Financial Instruments
| A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangements constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments 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. Other financial instruments, including derivatives are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 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. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are 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.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Other information
| I S M (Malmesbury) Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 9 Inner Silk Mill
| Lower High Street
| Malmesbury
| Wiltshire
| SN16 9LP

I S M (Malmesbury) Limited 02408021 false 2025-01-01 2025-12-31 2025-12-31 VT Final Accounts April 2025 Mr M Guy No description of principal activity 02408021 2024-01-01 2024-12-31 02408021 core:WithinOneYear 2024-12-31 02408021 core:ShareCapital 2024-12-31 02408021 2025-01-01 2025-12-31 02408021 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02408021 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 02408021 bus:Director40 2025-01-01 2025-12-31 02408021 countries:England 2025-01-01 2025-12-31 02408021 bus:FRS102 2025-01-01 2025-12-31 02408021 bus:AbridgedAccounts 2025-01-01 2025-12-31 02408021 2025-12-31 02408021 core:WithinOneYear 2025-12-31 02408021 core:ShareCapital 2025-12-31 02408021 2024-12-31 iso4217:GBP xbrli:pure