IEP Holdings Limited

	Page
Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3—5

Page 1

Page 2

Statement of Financial Position

As At 31 January 2025

Statement of Financial Position

Registered number: 15405270

		31 January 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		47,383
Investments	5		101

			47,484
CURRENT ASSETS
Stocks	6	3,350
Cash at bank and in hand		22

		3,372
Creditors: Amounts Falling Due Within One Year	7	(34,192 )

NET CURRENT ASSETS (LIABILITIES)			(30,820 )

TOTAL ASSETS LESS CURRENT LIABILITIES			16,664

NET ASSETS			16,664

CAPITAL AND RESERVES
Called up share capital	8		100
Income Statement			16,564

SHAREHOLDERS' FUNDS			16,664

For the period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Ian Parkin

Director

28/04/2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2

Page 3

IEP Holdings Limited

Notes to the Financial Statements

For the Period 11 January 2024 to 31 January 2025

Notes to the Financial Statements

1. General Information

IEP Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15405270 . The registered office is 123 Priestic Road, Sutton In Ashfield, Notts, NG17 4EA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

No depriciation

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

2.6. Debtors and creditors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

Page 3

Page 4

IEP Holdings Limited

Notes to the Financial Statements (continued)

For the Period 11 January 2024 to 31 January 2025

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 11 January 2024	-
Additions	47,383

As at 31 January 2025	47,383

Net Book Value
As at 31 January 2025	47,383

As at 11 January 2024	-

5. Investments

	Other
	£
Cost
As at 11 January 2024	-
Additions	101

As at 31 January 2025	101

Provision
As at 11 January 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	101

As at 11 January 2024	-

6. Stocks

	31 January 2025
	£
Stock	3,350

7. Creditors: Amounts Falling Due Within One Year

	31 January 2025
	£
Other creditors	34,192

8. Share Capital

	31 January 2025
	£
Allotted, Called up and fully paid	100

9. Directors Advances, Credits and Guarantees

Page 4

Page 5

IEP Holdings Limited

Notes to the Financial Statements (continued)

For the Period 11 January 2024 to 31 January 2025

At the balance sheet date, the directors were owed £884 by the company.

Page 5

Director	Mr Ian Parkin

Company Number	15405270

Registered Office	123 Priestic Road
	Sutton In Ashfield
	Notts
	NG17 4EA

Accountants	Gregory Priestley & Stewart
	Chartered Accountants
	Alexandra House
	123 Priestsic Road
	Sutton In Ashfield
	Nottinghamshire
	NG17 4EA