| REGISTERED NUMBER: |
| Isberg Limited |
| Unaudited Financial Statements for the Year Ended 31st December 2025 |
| REGISTERED NUMBER: |
| Isberg Limited |
| Unaudited Financial Statements for the Year Ended 31st December 2025 |
| Isberg Limited (Registered number: 01965187) |
| Contents of the Financial Statements |
| for the year ended 31st December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Isberg Limited |
| Company Information |
| for the year ended 31st December 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Regent's Court |
| Princess Street |
| Hull |
| East Yorkshire HU2 8BA |
| Isberg Limited (Registered number: 01965187) |
| Balance Sheet |
| 31st December 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Fair value reserve |
| Capital redemption reserve |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| Isberg Limited (Registered number: 01965187) |
| Balance Sheet - continued |
| 31st December 2025 |
| 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 were approved by the Board of Directors and authorised for issue on |
| Isberg Limited (Registered number: 01965187) |
| Notes to the Financial Statements |
| for the year ended 31st December 2025 |
| 1. | STATUTORY INFORMATION |
| Isberg Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Isberg Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: |
| Rendering of services |
| When the outcome of a transaction can be estimated reliably, turnover from management charges is recognised by reference to the stage of completion at the balance sheet date. |
| Interest and other income |
| Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries and associates |
| Investments in subsidiary and associate undertakings are recognised at cost less any provision for impairment. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
| Isberg Limited (Registered number: 01965187) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
| Impairment |
| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1st January 2025 |
| and 31st December 2025 |
| DEPRECIATION |
| At 1st January 2025 |
| and 31st December 2025 |
| NET BOOK VALUE |
| At 31st December 2025 |
| At 31st December 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| Shares in | Interest | in other |
| group | in | participating |
| undertakings | associates | interests | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st January 2025 |
| and 31st December 2025 | 25,320 | 81,713 |
| PROVISIONS |
| At 1st January 2025 |
| and 31st December 2025 | 47,453 | - | 25,320 | 72,773 |
| NET BOOK VALUE |
| At 31st December 2025 | - | 8,940 |
| At 31st December 2024 | - | 8,940 |
| Isberg Limited (Registered number: 01965187) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2025 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st January 2025 |
| and 31st December 2025 |
| NET BOOK VALUE |
| At 31st December 2025 |
| At 31st December 2024 |
| The investment property has been included at its open market value, as assessed by the director. |
| Fair value at 31st December 2025 is represented by: |
| £ |
| Valuation in 2006 | 272,110 |
| Valuation in 2023 | (7,996 | ) |
| Valuation in 2024 | (50,000 | ) |
| Cost | 135,886 |
| 350,000 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Other loans |
| The other loan is secured by a legal charge over the company's land and buildings. |
| Isberg Limited (Registered number: 01965187) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2025 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included in other debtors are loans to a director totalling £Nil (2024 £28,226). The loan is payable on demand and interest is charged at HMRC rates. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The parent company of Isberg Limited is Isberg Holdings Limited, a company registered in England and Wales. |
| Isberg Holdings Limited is also the company's ultimate parent undertaking and its registered office is Room , Brough Business Centre, Baffin Way, Brough, England, HU15 1YU |