Company No: 02988749 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	G Gallacher
	E Spitz
	R M Steddy (Appointed 30 January 2024)
	M A Weston

Registered office	9 Donnington Park
	85 Birdham Road
	Chichester
	PO20 7AJ
	United Kingdom

Company number

02988749 (England and Wales)

Accountant	Kreston Reeves LLP
	9 Donnington Park
	85 Birdham Road
	Chichester
	West Sussex
	PO20 7AJ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Executive Coaching Consultancy Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 12 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that The Executive Coaching Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Executive Coaching Consultancy Limited. You consider that The Executive Coaching Consultancy Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of The Executive Coaching Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of The Executive Coaching Consultancy Limited, as a body, in accordance with the terms of our engagement letter dated 30 August 2024. Our work has been undertaken solely to prepare for your approval the financial statements of The Executive Coaching Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of The Executive Coaching Consultancy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Executive Coaching Consultancy Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

18 September 2025

	Note	2024		2023
		£		£
				Restated - note 2
Fixed assets
Tangible assets	5	14,760		14,771
		14,760		14,771
Current assets
Debtors	6	605,497		629,834
Cash at bank and in hand		1,181,467		1,177,612
		1,786,964		1,807,446
Creditors: amounts falling due within one year	7	( 951,829)		( 961,960)
Net current assets		835,135		845,486
Total assets less current liabilities		849,895		860,257
Net assets		849,895		860,257
Capital and reserves
Called-up share capital	8	4,778		4,778
Share premium account		32,602		32,602
Capital redemption reserve		700		700
Other reserves		22,027		11,013
Profit and loss account		789,788		811,164
Total shareholders' funds		849,895		860,257

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of The Executive Coaching Consultancy Limited (registered number: 02988749) were approved and authorised for issue by the Board of Directors on 18 September 2025. They were signed on its behalf by:

R M Steddy Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Executive Coaching Consultancy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, PO20 7AJ.

The principal place of business is Peek House, 20 Eastcheap, London, EC3M 1EB,.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

Where a material prior period error is identified, the Company:
1. Restates comparative amounts for the prior periods presented in which the error occurred; and
2. If the error occurred before the earliest prior period presented, restates the opening balances for the earliest period presented.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably

Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Share-based payment

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company’s estimate of shares that will eventually vest and adjusted for the effect of non-market-based vesting conditions.

Fair value is measured using a pricing model considered by management to be the most appropriate method of valuation. The expected life used in the model has been adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions, and behavioural considerations.

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	8 years straight line
Computer software	3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	5 years straight line
Fixtures and fittings	3 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Prior year adjustment

When the company's shares were sold to an Employee Ownership Trust in 2023, a share scheme was set up at the same time but was not recognised in the 2023 accounts.

Therefore an adjustment has been made to the 2023 figures to recognise the share options granted during the year.

The adjustment has been applied retrospectively and the impact on the financial statements is shown below.

		As previously reported		Adjustment		As restated
Year ended 31 December 2023		£		£		£
Other reserves		0		11,013		11,013
Profit and loss account		822,177		(11,013)		811,164

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	26		25

4. Intangible assets

	Goodwill		Computer software		Total
	£		£		£
Cost
At 01 January 2024	30,000		33,025		63,025
At 31 December 2024	30,000		33,025		63,025
Accumulated amortisation
At 01 January 2024	30,000		33,025		63,025
At 31 December 2024	30,000		33,025		63,025
Net book value
At 31 December 2024	0		0		0
At 31 December 2023	0		0		0

5. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2024	24,653		15,471		40,298		80,422
Additions	0		0		8,421		8,421
At 31 December 2024	24,653		15,471		48,719		88,843
Accumulated depreciation
At 01 January 2024	24,653		15,471		25,527		65,651
Charge for the financial year	0		0		8,432		8,432
At 31 December 2024	24,653		15,471		33,959		74,083
Net book value
At 31 December 2024	0		0		14,760		14,760
At 31 December 2023	0		0		14,771		14,771

6. Debtors

	2024		2023
	£		£
Trade debtors	573,953		602,786
Other debtors	31,544		27,048
	605,497		629,834

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	110,781		86,802
Taxation and social security	243,385		332,810
Other creditors	597,663		542,348
	951,829		961,960

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
39,176 Ordinary shares shares of £ 0.10 each	3,918		3,918
8,602 Founder Ordinary shares shares of £ 0.10 each	860		860
	4,778		4,778

9. Financial commitments

Commitments

	2024		2023
	£		£
Total future minimum lease payments under non-cancellable operating lease	188,000		235,000

10. Contingencies

Contingent liabilities

	2024		2023
	£		£
Total contingent liabilities	1,789,650		2,087,922

Following the sale of the company’s shares to an Employee Ownership Trust (EOT), the Company has agreed to guarantee the liabilities of the EOT under the share purchase agreement. At the year end the maximum balance guaranteed by the Company but not recognised as a liability is shown above.

11. Related party transactions

In the year an advance was made to a director for £131 (£547 - 2023). The conditions are an interest-free loan repayable on demand. During the year, £192 (£690 - 2023) was repaid. The balance of the loan outstanding on 31 December 2024 is £0 (£61 - 2023).
In the year an advance was made to a director for £1,114 (£1,910 - 2023). The conditions are an interest-free loan repayable on demand. During the year, £1,910 (£2,994 - 2023) was repaid. The balance of the loan outstanding on 31 December 2024 is £0 (£796 - 2023).

12. Ultimate controlling party

The overall controlling party is ECC Partnership Limited as Trustee for The ECC Partnership Employee Ownership Trust.