Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-30047184862024-09-30true2023-10-0122falsetrue 04718486 2023-10-01 2024-09-30 04718486 2022-10-01 2023-09-30 04718486 2024-09-30 04718486 2023-09-30 04718486 1 2023-10-01 2024-09-30 04718486 d:Director3 2023-10-01 2024-09-30 04718486 c:Goodwill 2024-09-30 04718486 c:Goodwill 2023-09-30 04718486 c:CurrentFinancialInstruments 2024-09-30 04718486 c:CurrentFinancialInstruments 2023-09-30 04718486 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 04718486 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 04718486 c:ShareCapital 2024-09-30 04718486 c:ShareCapital 2023-09-30 04718486 c:RetainedEarningsAccumulatedLosses 2024-09-30 04718486 c:RetainedEarningsAccumulatedLosses 2023-09-30 04718486 d:OrdinaryShareClass1 2023-10-01 2024-09-30 04718486 d:OrdinaryShareClass1 2022-10-01 2023-09-30 04718486 d:OrdinaryShareClass1 2024-09-30 04718486 d:OrdinaryShareClass1 2023-09-30 04718486 d:EntityHasNeverTraded 2023-10-01 2024-09-30 04718486 d:FRS102 2023-10-01 2024-09-30 04718486 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04718486 d:FullAccounts 2023-10-01 2024-09-30 04718486 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure



















IP Professional Services Limited

Registered number: 04718486
Financial Statements information
for filing with registrar
For the year ended 30 September 2024

 
 04718486
30 September 2024
IP PROFESSIONAL SERVICES LIMITED
REGISTERED NUMBER: 04718486

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Intangible assets
 4 
-
-

Current assets
  

Debtors: amounts falling due within one year
 5 
31,822
31,822

  
31,822
31,822

Creditors: amounts falling due within one year
 6 
(2,021,054)
(2,021,054)

Net current liabilities
  
 
 
(1,989,232)
 
 
(1,989,232)

Total assets less current liabilities
  
(1,989,232)
(1,989,232)

  

Net liabilities
  
(1,989,232)
(1,989,232)


Capital and reserves
  

Called up share capital 
 7 
240
240

Profit and loss account
  
(1,989,472)
(1,989,472)

Total equity
  
(1,989,232)
(1,989,232)


Page 1

 
 04718486
30 September 2024
IP PROFESSIONAL SERVICES LIMITED
REGISTERED NUMBER: 04718486
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

For the year ended 30 September 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



B J Prentis
Director

Date: 11 June 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
 04718486
30 September 2024
IP PROFESSIONAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

IP Professional Services Limited ('the Company') is a private company, limited by shares, and incorporated in England and Wales. The Company's registered number is 04718486. The address of its registered office is Integration House, Turnhams Green Business Park, Pincents Lane, Reading, Berkshire, RG31 4UH. 
The Company is dormant and has not traded during the current or prior year.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.
The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The Company is dependent upon its ultimate parent company for funding. The ultimate parent company has confirmed to the directors its current intention to provide funding to enable the Company to meet its liabilities as they fall due for a period of at least twelve months from the date of these financial statements. The directors have therefore prepared the financial statements on a going concern basis.

  
2.3

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was previously being amortised evenly over its estimated useful life.
Acquired goodwill is reviewed for impairment at the end of the first full financial year following acquisition and in other periods where indications of impairment exist. In this regard, the directors believe the goodwill acquired in 2004 to now be fully impaired.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
 04718486
30 September 2024
IP PROFESSIONAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Debtors: amounts falling due within one year

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors: amounts falling due within one year

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.


Employees

The average monthly number of employees, including the directors, during the year was 2 (2023: 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
746,646



At 30 September 2024

746,646



Amortisation


At 1 October 2023
746,646



At 30 September 2024

746,646



Net book value



At 30 September 2024
-



At 30 September 2023
-


Page 4

 
 04718486
30 September 2024
IP PROFESSIONAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors: amounts falling due within one year

2024
2023
£
£


Amounts owed by group undertakings
31,822
31,822


Amounts owed by group undertakings are unsecured, interest-free and repayable on demand.


6.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
2,020,162
2,020,162

Accruals and deferred income
892
892

2,021,054
2,021,054


Amounts owed to group undertakings are unsecured, interest-free and repayable on demand.


7.


Called up share capital

2024
2023
£
£
Allotted, called up and fully paid



240 (2023: 240) Ordinary shares of £1.00 each
240
240


Each ordinary share entitles the shareholder to full voting rights.


8.


Related party transactions

The Company has taken advantage of the exemption available under Section 33 'Related Party Disclosures' not to disclose transactions with other wholly owned members of the group.


9.


Post balance sheet events

There have been no significant events affecting the Company since the year end.

Page 5

 
 04718486
30 September 2024
IP PROFESSIONAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Controlling party

The immediate parent company is I.P. Integration Group Limited, a company incorporated and registered in England and Wales.
 
The ultimate parent company is lPI Group Holdco Limited, a company incorporated and registered in England and Wales, which is the smallest and the largest group into which the Company's financial statements are consolidated.
 
The only consolidated financial statements prepared for the group, of which the Company is a member are those of the ultimate parent company. Copies of the ultimate parent company's financial statements are publicly available and can be obtained from Companies House. The address of the registered office is Integration House, Turnhams Green Business Park, Pincents Lane, Reading, Berkshire, RG31 4UH.
 
The ultimate controlling party is Mr B.J. Prentis by virtue of his beneficial shareholding in IPI Group Holdco Limited, the ultimate parent company of the group.

Page 6