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REGISTERED NUMBER: 08650721 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FRESH IP EP LIMITED

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










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 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 37,500
Tangible assets 5 1,210 2,020
Investments 6 884 -
2,094 39,520

CURRENT ASSETS
Debtors 7 140,749 196,163
Cash at bank 229,883 169,579
370,632 365,742
CREDITORS
Amounts falling due within one year 8 132,332 182,567
NET CURRENT ASSETS 238,300 183,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,394

222,695

PROVISIONS FOR LIABILITIES 10 303 505
NET ASSETS 240,091 222,190

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 239,091 221,190
SHAREHOLDERS' FUNDS 240,091 222,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 2024


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 25 June 2025 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 2024


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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

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 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 500,000
AMORTISATION
At 1 January 2024 462,500
Charge for year 37,500
At 31 December 2024 500,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 37,500

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 3,121 7,984 11,105
DEPRECIATION
At 1 January 2024 3,036 6,049 9,085
Charge for year 445 365 810
At 31 December 2024 3,481 6,414 9,895
NET BOOK VALUE
At 31 December 2024 (360 ) 1,570 1,210
At 31 December 2023 85 1,935 2,020

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 884
At 31 December 2024 884
NET BOOK VALUE
At 31 December 2024 884

Fresh IP Unipessoal LDA, a company incorporated in Portugal, is a wholly owned subsidiary of Fresh IP EP Limited.

Fresh IP EP Limited holds one quota of €1,000 in Fresh IP Unipessoal LDA.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,567 121,540
Amounts owed by group undertakings 53,383 53,383
Other debtors 21,799 21,240
140,749 196,163

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 103,617 121,927
Amounts owed to group undertakings 3,359 3,555
Taxation and social security 17,268 18,221
Other creditors 8,088 38,864
132,332 182,567

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,588 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.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 303 505

Deferred
tax
£   
Balance at 1 January 2024 505
Accelerated capital allowances (202 )
Balance at 31 December 2024 303

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. RELATED PARTY DISCLOSURES

At the year end. the company was owed £53,383 (2023: £53,383) by Fisher Assets Holdings Limited, a company in which Z Fisher is a director and 50% shareholder.

During the year, the company incurred expenses of £nil (2023: £6,719) from Fresh IP plc, a company in which Z Fisher is a member.

FRESH IP EP LIMITED (REGISTERED NUMBER: 08650721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


13. ULTIMATE CONTROLLING PARTY

The controlling party is Z Fisher.

The ultimate controlling party is Z Fisher.