ACCOUNTS - Final Accounts

Registered number: 02639468

ISE LODGE COMMUNITY CENTRE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

ISE LODGE COMMUNITY CENTRE LIMITED

REGISTERED NUMBER: 02639468

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£


Current assets
Stocks	4	2,789		2,494
Debtors: amounts falling due within one year	5	1,620		1,966
Cash at bank and in hand	6	15,533		6,591
		19,942		11,051
Creditors: amounts falling due within one year	7	(18,198)		(18,982)
Net current assets/(liabilities)			1,744		(7,931)
Total assets less current liabilities			1,744		(7,931)
Creditors: amounts falling due after more than one year	8		(63,441)		(55,501)

Net liabilities			(61,697)		(63,432)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(61,699)	(63,434)
	(61,697)	(63,432)

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ISE LODGE COMMUNITY CENTRE LIMITED

REGISTERED NUMBER: 02639468

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

C D Montague

Director

Date: 10 June 2026

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

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ISE LODGE COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Ise Lodge Community Centre Limited is a private company limited by shares, registered and incorporated in England and Wales. The Company is registered at St Vincent's Avenue, Kettering, Northampton, NN15 5DR. The registered number of the company is 02639468.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The committee have considered the working capital needs of the business and consider that the company will continue in operational existence for the forseeable future. Accordingly, the committee consider it appropriate to prepare the financial statements on the going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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ISE LODGE COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Corporation tax

The club is subject to corporation tax in respect of interest and rents received only.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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ISE LODGE COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4.	Stocks
		2025	2024
		£	£

	Goods for resale	2,789	2,494

Debtors

					2025	2024
					£	£


Trade debtors	1,620	1,966

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	15,533	6,591

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	3,914	2,150
Other taxation and social security	7,662	3,128
Accruals and deferred income	6,622	13,704
	18,198	18,982

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Amounts owed to group undertakings	63,441	55,501

9.	Financial instruments

All debtors and creditors are basic financial instruments and are held at amortised cost.

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ISE LODGE COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

10.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £918 (2024 - £950). Contributions totaling £nil (2024 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

11.

Related party transactions

During the year, in the normal course of business, the following transactions took place with Ise Lodge Residents Association, the parent charity:

- At 30 September 2025 the company owed Ise Lodge Residents Association £63,441 (2024 - £55,501) in respect to an intercompany loan account.

- During the year, the company was recharged £1,767 (2024 - £1,929) in respect of rates, and £6,601 (2024 - £7,359) in respect of heat and light by Ise Lodge Residents Association.

- During the year, the company recharged £1,397 (2024 - £1,974) Ise Lodge Residents Association in respect of insurance.

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