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REGISTERED NUMBER: SC722714 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

IPOX Schuster Europe Limited

IPOX Schuster Europe Limited (Registered number: SC722714)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


IPOX Schuster Europe Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L F Muehlbauer
J A Schuster





REGISTERED OFFICE: Caledonian Exchange
19a Canning Street
Edinburgh
EH3 8HE





REGISTERED NUMBER: SC722714 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

IPOX Schuster Europe Limited (Registered number: SC722714)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,116 2,217

CURRENT ASSETS
Debtors 5 210 435
Cash at bank 3,100 15,276
3,310 15,711
CREDITORS
Amounts falling due within one year 6 113,956 65,974
NET CURRENT LIABILITIES (110,646 ) (50,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(108,530

)

(48,046

)

PROVISIONS FOR LIABILITIES 402 554
NET LIABILITIES (108,932 ) (48,600 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (108,933 ) (48,601 )
(108,932 ) (48,600 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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:





J A Schuster - Director


IPOX Schuster Europe Limited (Registered number: SC722714)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

IPOX Schuster Europe Limited is a private company, limited by shares , registered in Scotland. 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.

Going Concern

The Company is operating by utilising external sources of finance from third parties which are under the common control of J Schuster, who is also a director. The directors have indicated that appropriate funding will continue to support the company accordingly, they have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipments - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

IPOX Schuster Europe Limited (Registered number: SC722714)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipments Totals
£    £    £   
COST
At 1 March 2023 352 1,981 2,333
Additions - 1,338 1,338
Disposals - (706 ) (706 )
At 29 February 2024 352 2,613 2,965
DEPRECIATION
At 1 March 2023 12 104 116
Charge for year 88 645 733
At 29 February 2024 100 749 849
NET BOOK VALUE
At 29 February 2024 252 1,864 2,116
At 28 February 2023 340 1,877 2,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors - 1
VAT 210 434
210 435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 373 -
Other creditors 112,834 65,224
Directors' current accounts 2 3
Accrued expenses 747 747
113,956 65,974

7. RELATED PARTY DISCLOSURES

During the year the company received loans from an overseas third party IPOX Schuster LLC, a company incorporated in the United States, of which Mr J Schuster is also a director. The loans are interest free and repayable on demand. The balance outstanding at the period end was £112,572.38 which is shown within Other Creditors.