Registration number: 14479036

IP Fabric UK Limited

Contents

Company Information	1
Abridged Balance Sheet	2
Notes to the Abridged Financial Statements	3 to 8

IP Fabric UK Limited

Company Information

Director

Pavel Bykov

Registered office

Gateley Legal 1 Paternoster Square London EC4M 7DX

Auditors

Carbon Accountancy Limited Chartered Accountants and Registered Auditors80-83 Long Lane London EC1A 9ET

IP Fabric UK Limited

(Registration number: 14479036)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	10,709	16,063
Current assets
Debtors	5	1,522,847	2,021,563
Cash at bank and in hand		993,006	305,221
		2,515,853	2,326,784
Prepayments and accrued income		13,448	5,394
Creditors: Amounts falling due within one year		(2,198,175)	(2,137,074)
Net current assets		331,126	195,104
Total assets less current liabilities		341,835	211,167
Provisions for liabilities		(2,677)	(4,016)
Accruals and deferred income		(303,268)	(190,689)
Net assets		35,890	16,462
Capital and reserves
Called up share capital	6	100	100
Retained earnings		35,790	16,362
Shareholders' funds		35,890	16,462

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 November 2025
 

......................................... Pavel Bykov Director

IP Fabric UK Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Gateley Legal
1 Paternoster Square
London
EC4M 7DX
United Kingdom

These financial statements were authorised for issue by the director on 25 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director considers the going concern basis to be appropriate on the assumption of continuing support from the company’s parent undertaking for a minimum of 12 months from the date of issuing these financial statements.

IP Fabric UK Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 25 November 2025 was John Leyden, who signed for and on behalf of Carbon Accountancy Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

IP Fabric UK Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings & equipmment	25% straight line

IP Fabric UK Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2023 - 11).

IP Fabric UK Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	16,063	16,063
At 31 December 2024	16,063	16,063
Depreciation
Charge for the year	5,354	5,354
At 31 December 2024	5,354	5,354
Carrying amount
At 31 December 2024	10,709	10,709
At 31 December 2023	16,063	16,063

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

7	Related party transactions

Under FRS 102, details are not given in respect of transactions entered into between two or more members of the group to which the company belongs as all subsidiaries are wholly owned by the parent undertaking IP Fabric Inc.

IP Fabric UK Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

8	Parent and ultimate parent undertaking

The company's immediate parent is IP Fabric Inc, incorporated in USA.

 The most senior parent entity producing publicly available financial statements is IP Fabric Inc. These financial statements are available upon request from 98 North Washington Street, Suite 407
- Boston, MA 02114


 

9	Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 25 November 2025 was John Leyden, who signed for and on behalf of Carbon Accountancy Limited.