| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2025 |
| for |
| The Lippin Company Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2025 |
| for |
| The Lippin Company Limited |
| The Lippin Company Limited (Registered number: 02771988) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| The Lippin Company Limited |
| Company Information |
| for the Year Ended 30 June 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Lake House |
| Market Hill |
| Royston |
| Hertfordshire |
| SG8 9JN |
| The Lippin Company Limited (Registered number: 02771988) |
| Balance Sheet |
| 30 June 2025 |
| 30.6.25 | 30.6.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| The Lippin Company Limited (Registered number: 02771988) |
| Balance Sheet - continued |
| 30 June 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| The Lippin Company Limited (Registered number: 02771988) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2025 |
| 1. | STATUTORY INFORMATION |
| The Lippin Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents fees, commissions and expenses in respect of public relations and consultancy services provided during the year and is stated net of value added tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Financial instruments |
| The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| 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. |
| 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. |
| The Lippin Company Limited (Registered number: 02771988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Going concern |
| The accounts have been prepared on a going concern basis as the directors have received adequate assurance from the holding company that additional funding will be made available if required to ensure that the company can continue to meet its liabilities as they fall due. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2024 |
| Additions |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| 5. | DEBTORS |
| 30.6.25 | 30.6.24 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| The Lippin Company Limited (Registered number: 02771988) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2025 |
| 5. | DEBTORS - continued |
| 30.6.25 | 30.6.24 |
| £ | £ |
| Amounts falling due after more than one year: |
| Amounts owed by parent company |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.25 | 30.6.24 |
| £ | £ |
| Pension | 498 | 461 |
| VAT | 8,659 | 3,434 |
| Other creditors |
| Accruals and deferred income |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.25 | 30.6.24 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 8. | PENSION COMMITMENTS |
| The company operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £27,578 (2024: £27,394). The pension contributions outstanding at the year end amounted to £213 (2024 - £198). |
| 9. | RELATED PARTY DISCLOSURES |
| The company is controlled by its parent company Lippin Group Inc. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is The Lippin Group INC. The registered address is 10675B Santa Monica Blvd, Los Angeles, California 90025, US. |