ISSEE Limited

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

Registered number: 03943026

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		21,985		36,885

			21,985		36,885
CURRENT ASSETS
Stocks	5	34,961		34,961
Debtors	6	22,886		103,352
Cash at bank and in hand		20,108		149,920

		77,955		288,233
Creditors: Amounts Falling Due Within One Year	7	(850,200 )		(797,147 )

NET CURRENT ASSETS (LIABILITIES)			(772,245 )		(508,914 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(750,260 )		(472,029 )

Creditors: Amounts Falling Due After More Than One Year	8		-		(60,201 )

NET LIABILITIES			(750,260 )		(532,230 )

CAPITAL AND RESERVES
Called up share capital	9		19,245		19,245
Share premium account			2,915,685		2,915,685
Profit and Loss Account			(3,685,190 )		(3,467,160 )

SHAREHOLDERS' FUNDS			(750,260)		(532,230)

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ISSEE Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 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 William Freear

Director

19/08/2026

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

1. General Information

ISSEE Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03943026 . The registered office is Unit 3 Links Business Centre, Old Woking Road, Woking, Surrey, GU22 8BF.

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. Going Concern Disclosure

These financial statements are prepared on the going concern basis.

At the balance sheet date, the Company had net liabilities of £750,260 (2024: net assets of £532,230) and the current

level, and expected future level, of trade may mean that the future operation of the Company is reviewed in the medium to longer term. The ongoing cost basis of the business has been reduced to minimal levels post year end and the ultimate parent company has indicated its willingness to provide such support to the Company as is required for a period of twelve months from the date of signing of these financial statements.

Therefore the directors have a reasonable expectation that the Company will continue in operational existence for the foreseeable future and have prepared these financial statements on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. 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:

Leasehold	10% reducing balance
Plant & Machinery	25% on cost

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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ISSEE Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other

Financial Instruments Issues' of FRS 102 to allot its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they

are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently

measured at amortised cost using the effective interest method.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends

payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.9. Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and

assumptions about the carrying anamount of assets and liabilities that are not readily apparent from other sources. The

estimates and associated assumptions are based on historical experience and other factors that are considered to be

relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of

the revision and 'uture periods where the revision affects both current and future periods.

There are no judgements or key sources of estimation uncertainty in these accounts.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 8)

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ISSEE Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 December 2024	176,086

As at 30 November 2025	176,086

Depreciation
As at 1 December 2024	139,201
Provided during the period	14,900

As at 30 November 2025	154,101

Net Book Value
As at 30 November 2025	21,985

As at 1 December 2024	36,885

5. Stocks

	2025	2024
	£	£
Stock	34,961	34,961

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	191
Other debtors	22,886	103,161

	22,886	103,352

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	62,752	93,109
Bank loans and overdrafts	58,405	48,204
Amounts owed to group undertakings	192,618	241,279
Other creditors	536,425	408,254
Taxation and social security	-	6,301

	850,200	797,147

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

	2025	2024
	£	£
Bank loans	-	60,201

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ISSEE Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	19,245	19,245

10. Ultimate Controlling Party

The immediate parent undertaking is Sanmarton (Holdings) Limited.

The ultimate parent company is PRMG Holdings Limited. Copies of the group financial statements of PRMG Holdings

Limited are available to the public and can be obtained from Companies House.

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