REGISTERED NUMBER: 05733146 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IEG4 LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P P Tomlinson

Mr T Darbyshire

Mr S R Ferry

REGISTERED OFFICE:

Queens Court

Wilmslow Road

Alderley Edge

Cheshire

SK9 7QD

REGISTERED NUMBER:

05733146 (England and Wales)

AUDITORS:

Christian Douglass Accountants Limited

Chartered Accountants

Statutory Auditor

2 Jordan Street

Knott Mill

Manchester

M15 4PY

FIXED ASSETS

Intangible assets

4

621,295

-

Tangible assets

5

29,682

50,456

650,977

50,456

CURRENT ASSETS

Debtors

6

2,051,082

1,706,686

Cash at bank

1,735,995

2,761,217

3,787,077

4,467,903

CREDITORS

Amounts falling due within one year

7

2,659,960

2,279,267

NET CURRENT ASSETS

1,127,117

2,188,636

TOTAL ASSETS LESS CURRENT LIABILITIES

1,778,094

2,239,092

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

1,776,994

2,237,992

SHAREHOLDERS' FUNDS

1,778,094

2,239,092

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 30 June 2025 and were signed on its behalf by:

Mr T Darbyshire - Director

1.	STATUTORY INFORMATION

IEG4 Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05733146 and its registered office address is at Queens Court, Wilmslow Road, Alderley Edge, Cheshire, SK9 7QD.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the amount derived from ordinary activities, and is stated after trade discounts, other sales tax and value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration. In respect of the latter, turnover represents a proportion of total expected contract revenue, calculated in line with the contracted service period.

The directors are required to apply judgement in assessing turnover and arriving at the relevant proportions to be accounted for in any period. The key area of estimation uncertainty involves the likelihood of changes to customer requirements during the period. Factors taken into account in reaching their decision include the actual outturn of previous assignments and job by job appraisal of performance to date together with future expectations.

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.

Development costs are being amortised evenly over their estimated useful life of six years.

Company website is being amortised evenly over its estimated useful life of four years.

Development costs

Development of products is capitalised when it meets the following conditions:

i) It is technically feasible to complete the research or development so that the product will be available for use or sale.

ii) It is intended to use or sell the product being developed.

iii) The Company is able to use or sell the product.

iv) It can be demonstrated that the product will generate probable future economic benefits.

v) Adequate technical, financial and other resources exist so that product development can be completed and subsequently used or sold.

vi) Expenditure attributable to the research and development work can be reliably measured.

All other research and development expenditure is recognised as an expense in the period in which it is incurred.

Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated at historical invoice cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure directly attributable to bringing the asset to the location and condition necessary for operation by the company.

Financial instruments

Financial instruments are considered to comprise bank balances and trade and other debtors plus trade and other creditors, including group balances, which are all included on a non-discounted basis, at transaction price less any necessary impairment.

Income and expenditure generated in respect of these financial instruments, including interest receivable and payable, are recognised in the income statement as they accrue.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 32 (2023 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

627,855

At 31 December 2024

627,855

AMORTISATION

Charge for year

6,560

At 31 December 2024

6,560

NET BOOK VALUE

At 31 December 2024

621,295

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

24,649

81,807

106,456

Additions

-

1,437

1,437

Disposals

-

(9,998

)

(9,998

)

At 31 December 2024

24,649

73,246

97,895

DEPRECIATION

At 1 January 2024

16,117

39,883

56,000

Charge for year

3,592

16,514

20,106

Eliminated on disposal

-

(7,893

)

(7,893

)

At 31 December 2024

19,709

48,504

68,213

NET BOOK VALUE

At 31 December 2024

4,940

24,742

29,682

At 31 December 2023

8,532

41,924

50,456

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

142,120

518,376

Amounts owed by group undertakings

1,158,951

446,323

Other debtors

99

99

Deferred tax asset

684,665

684,665

Prepayments and accrued income

65,247

57,223

2,051,082

1,706,686

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

94,499

69,010

Tax

-

7,507

Social security and other taxes

58,491

72,278

VAT

184,361

157,592

Other creditors

11,421

16,292

Deferred income

2,104,743

1,784,621

Accrued expenses

206,445

171,967

2,659,960

2,279,267

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

50,238

60,285

Between one and five years

-

50,238

50,238

110,523

The company's property lease agreement expires in November 2025.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Deborah Burton FCA (Senior Statutory Auditor)

for and on behalf of Christian Douglass Accountants Limited

10.	CONTINGENT LIABILITIES

The company has provided a debenture in support of a cross guarantee in favour of parent, IEG Group Limited's, bankers. The debt outstanding at the balance sheet date was £1,823,643.

The company has guaranteed certain other borrowings of its parent, IEG Group Limited. The maximum liability outstanding under this guarantee, at the balance sheet date, amounted to £8,637,517 (2023: £6,026,574).

11.	ULTIMATE PARENT UNDERTAKING

The parent company is IEG Group Limited, a company registered in England and Wales. IEG Group Limited has its registered office is at Queens Court, Wilmslow Road, Alderley Edge, England, SK9 7QD and is exempt from the requirement to prepare group accounts.