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REGISTERED NUMBER: 03640639 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

IPH Insurance Services (UK) Limited

IPH Insurance Services (UK) Limited (Registered number: 03640639)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


IPH Insurance Services (UK) Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Ms W P Wong Morrow
P Wong-Morrow





SECRETARY: Ms W P Wong Morrow





REGISTERED OFFICE: IPH House
Stirling Way
Borehamwood
Hertfordshire
WD6 2BT





REGISTERED NUMBER: 03640639 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

IPH Insurance Services (UK) Limited (Registered number: 03640639)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 722,166 744,991

CURRENT ASSETS
Debtors 5 123,316 124,663
Cash at bank 915,781 511,499
1,039,097 636,162
CREDITORS
Amounts falling due within one year 6 965,530 738,441
NET CURRENT ASSETS/(LIABILITIES) 73,567 (102,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,733

642,712

PROVISIONS FOR LIABILITIES 7 17,320 21,080
NET ASSETS 778,413 621,632

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 777,413 620,632
778,413 621,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

IPH Insurance Services (UK) Limited (Registered number: 03640639)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





Ms W P Wong Morrow - Director


IPH Insurance Services (UK) Limited (Registered number: 03640639)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

IPH Insurance Services (UK) 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
The company takes credit for commission income at the time of rendering debit notes to clients.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 15% on cost

The cost model has been adopted. Land and building held and used in the Company's own activities for production and supply of services or for administration purposes are stated in the statement of financial position at cost less depreciation.

Depreciation on cost of buildings is charged to profit and loss.

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 17 (2023 - 16 ) .

IPH Insurance Services (UK) Limited (Registered number: 03640639)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 739,955 136,756 142,114 1,018,825
Additions - 13,598 - 13,598
At 30 September 2024 739,955 150,354 142,114 1,032,423
DEPRECIATION
At 1 October 2023 81,400 110,980 81,454 273,834
Charge for year 7,400 12,924 16,099 36,423
At 30 September 2024 88,800 123,904 97,553 310,257
NET BOOK VALUE
At 30 September 2024 651,155 26,450 44,561 722,166
At 30 September 2023 658,555 25,776 60,660 744,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,295 18,792
Other debtors 111,021 105,871
123,316 124,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 881,784 661,175
Taxation and social security 68,974 32,913
Other creditors 14,772 44,353
965,530 738,441

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,320 21,080

IPH Insurance Services (UK) Limited (Registered number: 03640639)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 21,080
Provided during year (3,760 )
Balance at 30 September 2024 17,320