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REGISTERED NUMBER: 02771988 (England and Wales)
















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: Mr R B Lippin
Mrs R Saarela





REGISTERED OFFICE: 1 Princeton Mews
167-169 London road
Kingston Upon Thames
Surrey
KT2 6PT





BUSINESS ADDRESS: 64 Elizabeth Court
Westbrook Gardens
Margate
CT9 5FN





REGISTERED NUMBER: 02771988 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
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 4 768 987

CURRENT ASSETS
Debtors 5 203,923 184,422
Cash at bank 35,694 28,922
239,617 213,344
CREDITORS
Amounts falling due within one year 6 35,435 19,272
NET CURRENT ASSETS 204,182 194,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,950

195,059

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 203,950 194,059
SHAREHOLDERS' FUNDS 204,950 195,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

The Lippin Company Limited (Registered number: 02771988)

Balance Sheet - continued
30 June 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:





Mrs R Saarela - Director


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 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.

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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 3 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2024 11,151 5,827 16,978
Additions 108 - 108
At 30 June 2025 11,259 5,827 17,086
DEPRECIATION
At 1 July 2024 11,117 4,874 15,991
Charge for year 13 314 327
At 30 June 2025 11,130 5,188 16,318
NET BOOK VALUE
At 30 June 2025 129 639 768
At 30 June 2024 34 953 987

5. DEBTORS
30.6.25 30.6.24
£    £   
Amounts falling due within one year:
Trade debtors 27,727 17,014
Other debtors 18 -
Prepayments and accrued income 4,073 3,264
31,818 20,278

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 172,105 164,144

Aggregate amounts 203,923 184,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25 30.6.24
£    £   
Pension 498 461
VAT 8,659 3,434
Other creditors 1,200 1,213
Accruals and deferred income 25,078 14,164
35,435 19,272

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.25 30.6.24
value: £    £   
1,000 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.