IOW Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09568867 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

IOW DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

K Trigg

Mrs L S Trigg

SECRETARY:

REGISTERED OFFICE:

Trigg House

Monks Brook

St Cross Business Centre

Newport

Isle of Wight

PO30 5WB

REGISTERED NUMBER:

09568867 (England and Wales)

ACCOUNTANTS:

Harrison Black Limited

East Quay

Kite Hill

Wootton Bridge

Isle of Wight

PO33 4LA

FIXED ASSETS

Tangible assets

4

15,017

17,667

Investments

5

100

Investment property

6

470,797

485,914

488,564

CURRENT ASSETS

Debtors

7

17,447

Cash at bank

9,185

18,749

26,632

36,196

CREDITORS

Amounts falling due within one year

8

35,312

30,135

NET CURRENT (LIABILITIES)/ASSETS

(8,680

)

6,061

TOTAL ASSETS LESS CURRENT
LIABILITIES

477,234

494,625

CREDITORS

Amounts falling due after more than one year

9

220,692

247,622

NET ASSETS

256,542

247,003

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

256,442

246,903

SHAREHOLDERS' FUNDS

256,542

247,003

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

K Trigg - Director

1.	STATUTORY INFORMATION

IOW Developments 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.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Depreciation is not provided in respect of investment properties. This policy represents a departure from the requirements of the Companies Act 2006, which require all properties to be depreciated. The directors consider that this policy is necessary in order that the accounts may give a true and fair view because current values are of prime importance, rather than the calculation of systematic annual depreciation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

20,785

DEPRECIATION

At 1 January 2025

3,118

Charge for year

2,650

At 31 December 2025

5,768

NET BOOK VALUE

At 31 December 2025

15,017

At 31 December 2024

17,667

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

100

NET BOOK VALUE

At 31 December 2025

100

At 31 December 2024

100

Fixed asset investments consist of a subsidiary, LASK 2017 Ltd, that is 100% owned by IOW Developments Ltd.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

470,797

NET BOOK VALUE

At 31 December 2025

470,797

At 31 December 2024

470,797

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

3,120

Amounts owed by group undertakings

14,327

17,447

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

26,261

25,593

Trade creditors

3,930

3,565

Taxation and social security

2,765

232

Other creditors

2,356

745

35,312

30,135

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

220,692

247,622

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, £14,327 (2024 - £14,327) was owed to the company by LASK 2017 Ltd, a company in which IOW Developments Ltd has a 100% interest.

At the balance sheet date, £2,115 (2024 - £515) was owed to IOW Residential Ltd, a company controlled by the directors.

At the balance sheet date, the director, Mr K Trigg, was owed £241 (2024 - £230) by the company via a non-interest bearing director's loan.

11.	ULTIMATE CONTROLLING PARTY

Mr & Mrs K Trigg hold ultimate control via ownership of more than 50% of the ordinary share capital.

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 IOW Developments Limited for the year ended 31 December 2025 which comprise the Income Statement, 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 IOW Developments Limited, 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 IOW Developments Limited and state those matters that we have agreed to state to the Board of Directors of IOW Developments Limited, 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 IOW Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that IOW Developments Limited 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 IOW Developments Limited. You consider that IOW Developments Limited 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 IOW Developments Limited. 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

Date: .............................................