| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
| FOR |
| IPEC COACHING UNITED KINGDOM LTD |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
| FOR |
| IPEC COACHING UNITED KINGDOM LTD |
| IPEC COACHING UNITED KINGDOM LTD (REGISTERED NUMBER: 12256472) |
| 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 |
| IPEC COACHING UNITED KINGDOM LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Auditors: |
| 3 Southernhay West |
| Exeter |
| Devon |
| EX1 1JG |
| IPEC COACHING UNITED KINGDOM LTD (REGISTERED NUMBER: 12256472) |
| BALANCE SHEET |
| 31 DECEMBER 2023 |
| 2023 | 2022 |
| as restated |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | (4,750 | ) |
| ( |
) | ( |
) |
| The financial statements were approved by the director and authorised for issue on |
| IPEC COACHING UNITED KINGDOM LTD (REGISTERED NUMBER: 12256472) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| 1. | STATUTORY INFORMATION |
| iPEC Coaching United Kingdom Ltd is a |
| The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is in respect of course fees receivable and is recognised at the point in which the course has taken place. |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Going concern |
| The financial statements have been prepared on a going concern basis as the parent undertaking, iPEC Holding Company Inc, has indicated that it will continue to support the company financially for at least 12 months from the date of the audit report. The directors have assessed the ability of the parent to provide this support and have no concerns with the ability of the parent company to provide this support. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| IPEC COACHING UNITED KINGDOM LTD (REGISTERED NUMBER: 12256472) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| as restated |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| as restated |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the auditors was unqualified. |
| for and on behalf of |
| 7. | ULTIMATE CONTROLLING PARTY |
| The company's immediate parent is BeTouched Coaching B.V, a company incorporated in The Netherlands. The director considers the ultimate controlling party to iPEC Holding Company Inc, a company registered in the United States of America, with the registered address 140 Avenue at the Common, Suite 202, Shrewbury, NJ 07702, USA. |