ISSHO GATESHEAD LIMITED


Directors	LOVATT-BROWN, Sam
	MORENO CARRILLO, Gabriel Alejandro


Registered Address	70 Heathwood Road
	Bournemouth
	BH9 2JZ


Registered Number	13962785 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		4,000		7,000
Tangible assets	4		95,243		114,399
			99,243		121,399
Current assets
Stocks	5	82,033		95,326
Debtors	6	31,449		33,893
Cash at bank and on hand		14,290		17,554
		127,772		146,773
Creditors amounts falling due within one year	7	(113,503)		(112,253)
Net current assets (liabilities)			14,269		34,520
Total assets less current liabilities			113,512		155,919
Creditors amounts falling due after one year	8		(33,520)		(55,777)
Net assets			79,992		100,142
Capital and reserves
Called up share capital			80		80
Profit and loss account			79,912		100,062
Shareholders' funds			79,992		100,142

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 July 2026, and are signed on its behalf by:

MORENO CARRILLO, Gabriel Alejandro
Director
Registered Company No. 13962785

ISSHO GATESHEAD LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Intangible assets
	Patents and licences relate to payments made for the right to discharge the operation of the franchise. They are initially measured at cost. After initial recognition, they are measured at cost less any accumulated amortization and any accumulated impairment losses. Intangible assets are are being amortized evenly over their estimated useful life of 5 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Fixtures and fittings	25	-

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	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 all of its financial instruments. Financial instruments are recognised in the company's balance sheet 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 and bank loans 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.

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 all of its financial instruments. Financial instruments are recognised in the company's balance sheet 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 and bank loans 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.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 25	15,000	15,000
At 31 March 26	15,000	15,000
Amortisation and impairment
At 01 April 25	8,000	8,000
Charge for year	3,000	3,000
At 31 March 26	11,000	11,000
Net book value
At 31 March 26	4,000	4,000
At 31 March 25	7,000	7,000

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 25	108,767	65,285	174,052
At 31 March 26	108,767	65,285	174,052
Depreciation and impairment
At 01 April 25	27,482	32,171	59,653
Charge for year	10,877	8,279	19,156
At 31 March 26	38,359	40,450	78,809
Net book value
At 31 March 26	70,408	24,835	95,243
At 31 March 25	81,285	33,114	114,399

5.	Stocks

	2026	2025
	£	£
Other stocks	82,033	95,326
Total	82,033	95,326

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	3,924	8,239
Other debtors	56	56
Prepayments and accrued income	27,469	25,598
Total	31,449	33,893

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	24,257	20,396
Bank borrowings and overdrafts	23,127	23,127
Taxation and social security	704	7,508
Other creditors	54,000	51,491
Accrued liabilities and deferred income	11,415	9,731
Total	113,503	112,253

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	33,520	55,777
Total	33,520	55,777


	Included within creditors falling due within one year and creditors falling due after more than one year is £56,648 (2025:£78,904) in respect of a HSBC recovery loan scheme. This loan is secured by a fixed and floating charge over present and future assets of the company. The loan is repayable by August 2028

9.	Other commitments
	LEASING AGREEMENTS: Minimum lease payments under non-cancellable operating leases fall due as follows: Due within one year: £93,600 (2025: £80,000)

10.	Related party transactions
	Included in other creditors falling due within one year are due to companies connected to the director Issho Ltd £54,000 (2025: £45,278) During the year, the company paid management recharges for wages amounting to £233,993 (2025:£147,967) to Issho Ltd.