REGISTERED NUMBER: 09889224 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

ISM Properties UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Mahmoud-Reza Fazeli

REGISTERED OFFICE:

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

REGISTERED NUMBER:

09889224 (England and Wales)

ACCOUNTANTS:

ElanTax.com

Unit 3 Cedar Court

1 Royal Oak Yard

London

SE1 3GA

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

CURRENT ASSETS

Debtors

4

5,029,178

4,578,849

Cash at bank and in hand

283,879

540,190

5,313,057

5,119,039

CREDITORS

Amounts falling due within one year

5

7,862

10,112

NET CURRENT ASSETS

5,305,195

5,108,927

TOTAL ASSETS LESS CURRENT LIABILITIES

5,305,195

5,108,927

CREDITORS

Amounts falling due after more than one year

6

5,656,179

5,389,418

NET LIABILITIES

(350,984

)

(280,491

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(351,084

)

(280,591

)

(350,984

)

(280,491

)

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2026 and were signed by:

Mr Mahmoud-Reza Fazeli - Director

1.	STATUTORY INFORMATION

ISM Properties UK Limited 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets by £280,491. The day to day operations of the company is dependent upon the continuing support of its director and creditors. On the basis that this support continues, the director considers that it is appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Amounts owed by group undertakings

11,200

11,200

Other debtors

3,592,395

3,592,395

BC Ltd (Canada) - current ac

1,425,583

975,254

5,029,178

4,578,849

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Directors' current accounts

4,664

4,664

Accrued expenses

3,198

5,448

7,862

10,112

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Other loans - 2-5 years

2,292,135

2,225,374

Amounts owed to group undertakings

3,364,044

3,164,044

5,656,179

5,389,418