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Company registration number: 11952165
The IBA Buying Group Limited
Company limited by guarantee
Unaudited filleted financial statements
31 March 2025
The IBA Buying Group Limited
Company limited by guarantee
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
The IBA Buying Group Limited
Company limited by guarantee
Directors and other information

| Directors | Mark Ashworth |
|  | Matthew Eden | (Appointed 21 March 2025)
|  | Russell Gratton |
|  | Alan Kilford | (Appointed 21 March 2025)
|  | Joanne Southgate |
|  | Paul Williams |
|  | Richard Degg | (Resigned 18 February 2025)
| Secretary | Pamela Hardman |
| Company number | 11952165 |
| Registered office | Centrix House |
|  | Crow Lane East |
|  | Newton-Le-Willows |
|  | Merseyside |
|  | WA12 9UY |
| Accountants | Jacksons |
|  | Chartered Accountants |
|  | Deansfield House |
|  | 98 Lancaster Road |
|  | Newcastle under Lyme |
|  | Staffordshire |
|  | ST5 1DS |

The IBA Buying Group Limited
Company limited by guarantee
Statement of financial position
31 March 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 5 | - |  |  |  | - |  |
Tangible assets |  | 6 | 5,836 |  |  |  | 5,088 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 5,836 |  |  |  | 5,088
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 7 | 109,788 |  |  |  | 10,750 |  |
Investments |  | 8 | - |  |  |  | 1,540,000 |  |
Cash at bank and in hand |  |  | 2,610,694 |  |  |  | 2,683,865 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 2,720,482 |  |  |  | 4,234,615 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 9 | ( 1,770,889) |  |  |  | ( 3,518,962) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 949,593 |  |  |  | 715,653
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 955,429 |  |  |  | 720,741
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 10 |  |  | ( 213,721) |  |  |  | ( 213,721)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 741,708 |  |  |  | 507,020
|  |  |  |  | _______ |  |  |  | _______
Reserves |  |  |  |  |  |  |  |  |
Profit and loss account |  |  |  |  | 741,708 |  |  |  | 507,020
|  |  |  |  | _______ |  |  |  | _______
Members funds |  |  |  |  | 741,708 |  |  |  | 507,020
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 March 2025 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 year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 September 2025 , and are signed on behalf of the board by:
Joanne Southgate
Director
Company registration number: 11952165
The IBA Buying Group Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Centrix House, Crow Lane East, Newton-Le-Willows, Merseyside, WA12 9UY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income
Income shown in the profit and loss account represents rebates received, members subscriptions and fees, supplier support, meeting income and sales income received during the period on behalf of the Limited company's members. Income is recognised when the company is entitled to receive that income.
Taxation
The tax expense represents the sum of the current tax expense. Current tax assets are recognised when tax paid exceeds the tax payable.The company is treated for corporation tax purposes as being mutually trading and is not liable to UK corporation tax on its trading profit. The charge for taxation is based on investment income for the year.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Website development | - | 25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 33% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).
5. Intangible assets

|  | Website development | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | 4,800 | 4,800 |  |  |  |
|  | _______ | _______ |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1 April 2024 and 31 March 2025 | 4,800 | 4,800 |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 March 2024 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |

6. Tangible assets

|  | Equipment | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 April 2024 | 15,619 | 15,619 |  |  |  |  |
| Additions | 2,862 | 2,862 |  |  |  |  |
| Disposals | ( 611) | ( 611) |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2025 | 17,870 | 17,870 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 April 2024 | 10,531 | 10,531 |  |  |  |  |
| Charge for the year | 2,032 | 2,032 |  |  |  |  |
| Disposals | ( 529) | ( 529) |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2025 | 12,034 | 12,034 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 March 2025 | 5,836 | 5,836 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2024 | 5,088 | 5,088 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

7. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 54,318 | -
| Other debtors |  | 55,470 | 10,750
|  |  | _______ | _______
|  |  | 109,788 | 10,750
|  |  | _______ | _______

8. Investments

|  |  | 2025 | 2024
|  |  | £ | £
| Other investments |  | - | 1,540,000
|  |  | _______ | _______

9. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Trade creditors |  | 7,939 | 2,411
| Corporation tax |  | 31,083 | 17,434
| Social security and other taxes |  | 482,452 | 558,945
| Other creditors |  | 1,249,415 | 2,940,172
|  |  | _______ | _______
|  |  | 1,770,889 | 3,518,962
|  |  | _______ | _______

10. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Other creditors |  | 213,721 | 213,721
|  |  | _______ | _______

11. Related party transactions
The Company is run by its members for its members. Apart from members annual fees, which are used to fund the management and administration of the Company, 100% of all rebates negotiated with suppliers pass back to the membership.The amounts due to members at the year end was £1,152,020 (2024: £3,038,187).
12. Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.