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REGISTERED NUMBER: 13356037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SIPPIO UK LTD

SIPPIO UK LTD (REGISTERED NUMBER: 13356037)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SIPPIO UK LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: N Whitelock
A Cole
J Friedberg





REGISTERED OFFICE: The Long Barn
Down Farm
Cobham Park Road
Cobham
Surrey
KT11 3NE





REGISTERED NUMBER: 13356037 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

SIPPIO UK LTD (REGISTERED NUMBER: 13356037)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 101,941 101,760

CREDITORS
Amounts falling due within one year 5 80,932 75,469
NET CURRENT ASSETS 21,009 26,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,009

26,291

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,909 26,191
21,009 26,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 24 September 2024 and were signed on its behalf by:





N Whitelock - Director


SIPPIO UK LTD (REGISTERED NUMBER: 13356037)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

SIPPIO UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 18,205 12,995
Other debtors 83,736 88,765
101,941 101,760

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 68,457 19,906
Taxation and social security 10,815 14,250
Other creditors 1,660 41,313
80,932 75,469

6. RELATED PARTY DISCLOSURES

At 31 December 2023 the company was owed the sum of £83,736 (2022 - £88,765) from its' parent company Sippio Corporation. This loan is interest free and is repayable on demand with no fixed repayment date.

7. ULTIMATE HOLDING COMPANY

The ultimate holding company is Sippio Corporation, 326 First St, Suite 24, Annapolis, Maryland, United States. MD21403