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REGISTERED NUMBER: 08650721 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FRESH IP EP LIMITED

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESH IP EP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Z Fisher
K J Norris





REGISTERED OFFICE: WeWork
50-60 Station Road
CAMBRIDGE
Cambridgeshire
CB1 2JH





REGISTERED NUMBER: 08650721 (England and Wales)





ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,500 87,500
Tangible assets 5 2,020 2,043
39,520 89,543

CURRENT ASSETS
Debtors 6 196,163 183,856
Cash at bank 169,579 353,511
365,742 537,367
CREDITORS
Amounts falling due within one year 7 182,567 191,778
NET CURRENT ASSETS 183,175 345,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,695

435,132

PROVISIONS FOR LIABILITIES 9 505 388
NET ASSETS 222,190 434,744

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 221,190 433,744
SHAREHOLDERS' FUNDS 222,190 434,744

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.

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Z Fisher - Director


FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Fresh IP EP 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Computer equipment - 33% 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 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.

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 500,000
AMORTISATION
At 1 January 2023 412,500
Charge for year 50,000
At 31 December 2023 462,500
NET BOOK VALUE
At 31 December 2023 37,500
At 31 December 2022 87,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,822 6,985 9,807
Additions 299 999 1,298
At 31 December 2023 3,121 7,984 11,105
DEPRECIATION
At 1 January 2023 1,715 6,049 7,764
Charge for year 1,321 - 1,321
At 31 December 2023 3,036 6,049 9,085
NET BOOK VALUE
At 31 December 2023 85 1,935 2,020
At 31 December 2022 1,107 936 2,043

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 121,540 108,501
Amounts owed by group undertakings 53,383 60,136
Other debtors 21,240 15,219
196,163 183,856

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 121,927 170,117
Amounts owed to group undertakings 3,555 -
Taxation and social security 18,221 14,443
Other creditors 38,864 7,218
182,567 191,778

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,200 4,200

The rental lease is a short term arrangement but the figure noted above assumes that the rent were to last for a full year from the Balance Sheet date, but it can be cancelled on 30 day notice.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 505 388

Deferred
tax
£   
Balance at 1 January 2023 388
Accelerated capital allowances 117
Balance at 31 December 2023 505

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


11. RELATED PARTY DISCLOSURES

At the year end. the company was owed £53,383 (2022: £53,383) by Fisher Assets Holdings Limited, a company in which Z Fisher is a director and 50% shareholder.

During the year, the company loaned £nil (2022: £49,867), received loan repayments on £nil (2022: £48,614) and incurred expenses of £6,719 (2022: £4,326) from Fresh IP plc, a company in which Z Fisher is a member.

During the year, the company loaned £nil (2022: £nil) and received loan repayments of £nil (2022: £24,305) to Fresh Assets and Services Madeira Holdings in which Z Fisher is a member.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Z Fisher.

The ultimate controlling party is Z Fisher.