REGISTERED NUMBER: SC568902 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EP FINANCIAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Rankin

REGISTERED OFFICE:

Marina Quay

Dock Road

Ardrossan

Ayrshire

KA22 8DA

REGISTERED NUMBER:

SC568902 (Scotland)

ACCOUNTANTS:

Henry Brown & Co

Chartered Accountants

26 Portland Road

Kilmarnock

Ayrshire

KA1 2EB

CREDITORS

Amounts falling due within one year

4

408,227

407,507

NET CURRENT LIABILITIES

(408,227

)

(407,507

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(408,227

)

(407,507

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(408,228

)

(407,508

)

(408,227

)

(407,507

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 8 September 2025 and were signed by:

G Rankin - Director

1.	STATUTORY INFORMATION

EP Financial Ltd is a private company, limited by shares , registered in Scotland. 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 (£).

The financial statements relate to a single company.

On October 1, 2018, the Company was acquired by Everyday People Financial Inc. ("EP Financial"), a Company registered in Canada. EP Financial has included the Company in its consolidated accounts.

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.

The company meets it's day to day working capital requirement in the form of a loan from fellow subsidiary BPO Collections, for which a guarantee has been provided by EP Financial (a company registered in Canada and is the common parent company of both BPO Collections Ltd and EP Financial Ltd). In the opinion of the director this support will continue for period of at least 12 months, as such the accounts are prepared on a going concern basis.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

408,227

407,507

5.	RELATED PARTY DISCLOSURES

During the year the company received loans from BPO Collections and Everyday Party People Ltd, companies in which G Rankin is also a director, at the balance sheet date the amount owed to BPO Collections was £406,524 (2023 - £405,804) and the amount owed to Everyday Party People Ltd was £485 (2023 - £485).

The company also received a loan from Ikort, a company owned by C Reykdal. At the balance sheet date the amount owed to Ikort was £1,219 which is unchanged from the previous year.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Everyday People Financial Inc.

The ultimate controlling party is C Reykdal.

EP Financial Ltd is a wholly owned subsidiary of Everyday People Financial Inc a company registered in Canada. The ultimate controlling party of Everyday People Financial Inc is C Reykdal..