Company registration number 08495647 (England and Wales)
EXECUTIVE PIPELINE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
EXECUTIVE PIPELINE LIMITED
CONTENTS
Page
Strategic report
1 - 2
Balance sheet
3
Notes to the financial statements
4 - 6
EXECUTIVE PIPELINE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -
The directors present the strategic report for the year ended 31 December 2024.
Principal activities
Founded in 2012, Executive Pipeline Ltd. (trading name: The Pipeline) is dedicated to addressing gender inequality in leadership by supporting women’s advancement through leadership training, coaching, sponsorship, and campaigning.
Inspired by research from Harvard’s Professor Michael Porter, who identified the untapped potential of increasing women’s participation in leadership after the 2007 crash, the organisation believes gender parity is essential for economic growth and innovation.
Social Impact Enterprises Ltd (formerly Create Impact Ventures Ltd) acquired a majority stake in the company in January 2024.
Professor Geeta Nargund, co-founder of Social Impact Enterprises and Executive Chair of The Pipeline, is an internationally recognised medical leader in IVF and women’s health. A lifelong advocate for gender equality, she brings her dedication to empowering women into both healthcare and leadership, championing access, education, and systemic change.
Key Programmes in 2024
Top Flight (Open Programme):
A year-long leadership programme for senior women in business and the Civil Service. In 2024, 17 participants saw a 23% boost in confidence and a 20% increase in professional networks. 25% were promoted to senior roles immediately.
MoD Top Flight (Closed Programme):
A tailored version of Top Flight for the Ministry of Defence. Nine participants reported major gains, including a 102% increase in feeling recognised and 95% improvement in career strategy. However, participants noted the need for deeper DEI commitment within the organisation, underscoring continued need for systemic change.
Leadership Summit:
An intensive three-day programme for mid-to-senior level women. 141 women took part across eight summits. 75% reported increased confidence, 50% were more likely to seek promotion, and 38% were promoted within six months.
Women Count 2024 Report
The report monitors gender representation on FTSE 350 executive committees, which offer the biggest opportunity to create change within business and society.
Key findings:
Female representation dropped from 33% to 32%.
Only 9% of CEOs are women.
Women in key P&L roles fell to 19%.
Female CFOs remain static at 18%, despite strong female representation in accounting.
The report calls for leadership commitment, cultural change, clear accountability, and sustained effort.
The Women Count 2024 report tracks gender representation to drive accountability. Its data has featured in major outlets like the Financial Times and HR Magazine, supporting media campaigns that urge HR teams, policymakers, and businesses to take action. The report also reframes the conversation by emphasising the economic and business value of diversity.
EXECUTIVE PIPELINE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Panel Event at Labour Party Conference
Chair Professor Geeta Nargund joined leaders to discuss barriers to gender parity. Using insights from The Pipeline’s research, the panel highlighted the systemic barriers women face in leadership and proposed key solutions.
It called for stronger policies, accountability, and cultural change to accelerate progress. This conversation helped drive change by bringing the conversation to the table of policymakers.
Overall Impact in 2024
At The Pipeline, we are contributing to Closing the Gender Gap in Leadership through Programmes and Campaigning.
167 women supported through programmes.
Research used in national media and campaigns.
Ongoing advocacy kept gender diversity central to policy and business discussions.
The Pipeline continues to lead change in UK leadership by driving gender equality through programmes with both individuals and organisations, research, and campaigning.
Professor G Nargund
Director
24 April 2025
EXECUTIVE PIPELINE LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 3 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,890
Current assets
Debtors
4
211,335
291,122
Cash at bank and in hand
168,514
795,905
379,849
1,087,027
Creditors: amounts falling due within one year
5
(374,495)
(694,243)
Net current assets
5,354
392,784
Net assets
7,244
392,784
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
7,044
392,584
Total equity
7,244
392,784
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 24 April 2025 and are signed on its behalf by:
Professor G Nargund
Director
Company registration number 08495647 (England and Wales)
EXECUTIVE PIPELINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information
Executive Pipeline Limited is a private company limited by shares incorporated in England and Wales. The registered office is Office 436, 33 Cavendish Square, London, W1G 0PW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. For contracts with multiple stages, revenue recognition is time based as each stage has a similar value and significance.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Office Equipment
3 years
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
EXECUTIVE PIPELINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
9
15
3
Tangible fixed assets
Office Equipment
£
Cost
At 1 January 2024
Additions
2,583
At 31 December 2024
2,583
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
693
At 31 December 2024
693
Carrying amount
At 31 December 2024
1,890
At 31 December 2023
EXECUTIVE PIPELINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
158,278
244,313
Other debtors
53,057
46,809
211,335
291,122
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,299
65,631
Taxation and social security
61,322
125,803
Other creditors
306,874
502,809
374,495
694,243
6
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Ms Lorna Fitzsimons - Loan
-
657
(888)
(231)
657
(888)
(231)
The above loan is unsecured, interest free and repayable on demand. Ms Lorna Fitzsimons remained a related party throughout the year but ceased to be a director on 29 January 2024.