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REGISTERED NUMBER: 12256472 (England and Wales)















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: Ms J M Ryan





Secretary: Vistra Cosec Limited





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0DB





Registered number: 12256472 (England and Wales)





Auditors: Gravita Audit Western Limited
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 14,359 10,321

CREDITORS
Amounts falling due within one year 5 (35,445 ) (15,070 )
NET CURRENT LIABILITIES (21,086 ) (4,749 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,086

)

(4,749

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (21,087 ) (4,750 )
(21,086 ) (4,749 )

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 director and authorised for issue on 22 May 2025 and were signed by:





Ms J M Ryan - Director


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 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 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
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 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 1 (2022 - 1 ) .

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 5,936 9,500
Amounts owed by group undertakings 7,070 -
Other debtors 1,353 821
14,359 10,321

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Taxation and social security 7,656 1,565
Other creditors 27,789 13,505
35,445 15,070

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Jade Quaintance (Senior Statutory Auditor)
for and on behalf of Gravita Audit Western Limited

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.