REGISTERED NUMBER: 03002939 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

I.P.M. SIPP Administration Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D C Evans

J A Lochery

J R Poyner

D A Sutcliffe

REGISTERED OFFICE:

Cambridge House

Unit B, Campus Six

Caxton Way

Stevenage

Hertfordshire

SG1 2XD

REGISTERED NUMBER:

03002939 (England and Wales)

AUDITORS:

Hakim Fry Chartered Accountants

69-71 East Street

Epsom

Surrey

KT17 1BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

565,389

582,639

Investments

6

102

102

565,491

582,741

CURRENT ASSETS

Debtors

7

336,819

343,273

Cash at bank and in hand

6,572,352

6,468,930

6,909,171

6,812,203

CREDITORS

Amounts falling due within one year

8

(2,168,288

)

(1,998,706

)

NET CURRENT ASSETS

4,740,883

4,813,497

TOTAL ASSETS LESS CURRENT LIABILITIES

5,306,374

5,396,238

PROVISIONS FOR LIABILITIES

9

-

(1,026

)

NET ASSETS

5,306,374

5,395,212

CAPITAL AND RESERVES

Called up share capital

10

300

300

Retained earnings

5,306,074

5,394,912

SHAREHOLDERS' FUNDS

5,306,374

5,395,212

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

D A Sutcliffe - Director

1.	STATUTORY INFORMATION

I.P.M. SIPP Administration Limited is a private company, limited by shares , registered in England and Wales. 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 (£).

2.	ACCOUNTING POLICIES

Going concern

The accounts have been prepared on the going concern basis. The Company has sufficient financial resources together with long-term contracts and a net asset position. As a consequence, the directors believe that the Company is well placed to manage its business risks successfully.

The directors confirm they have complied with these requirements and, having a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next twelve months from the signing of these financial statements.

Preparation of consolidated financial statements

The financial statements contain information about I.P.M. SIPP Administration Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents income receivable in respect of fees charged for the administration of SIPP pension funds, split proportionately across the period to which they relate. Turnover also includes an interest turn received in respect of funds held and all items are stated excluding value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, was amortised evenly over its estimated useful of life of twenty years. The goodwill balance was fully amortised as at the end of the accounting period ended 31 March 2021.

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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Trade and other debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the un-discounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 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 classifieds current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

254,940

AMORTISATION

At 1 April 2024

and 31 March 2025

254,940

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

786,324

72,921

272,977

1,132,222

Additions

-

3,382

2,577

5,959

At 31 March 2025

786,324

76,303

275,554

1,138,181

DEPRECIATION

At 1 April 2024

214,717

72,304

262,562

549,583

Charge for year

15,724

590

6,895

23,209

At 31 March 2025

230,441

72,894

269,457

572,792

NET BOOK VALUE

At 31 March 2025

555,883

3,409

6,097

565,389

At 31 March 2024

571,607

617

10,415

582,639

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

102

NET BOOK VALUE

At 31 March 2025

102

At 31 March 2024

102

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

205,894

221,336

Other debtors

92,332

76,591

Prepayments

38,593

45,346

336,819

343,273

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,782

16,342

Tax

62,662

137,050

Social security and other taxes

71,666

64,320

VAT

205,810

177,822

Other creditors

102

102

Deferred income

1,613,109

1,523,423

Accrued expenses

207,157

79,647

2,168,288

1,998,706

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

1,026

Deferred

tax

£

Balance at 1 April 2024

1,026

Credit to Statement of Income and Retained Earnings during year

(1,026

)

Balance at 31 March 2025

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

300

Ordinary

£1

300

300

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

The Report of the Auditors was unqualified.

Nilesh Patel FCA (Senior Statutory Auditor)

for and on behalf of Hakim Fry Chartered Accountants

12.	OTHER FINANCIAL COMMITMENTS

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

2025

2024

Within 1 year

£3,288

£3,288

2-5 years

£9,316

£12,604