REGISTERED NUMBER: 05399449 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

IPI Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mr M A J Boughton

Mr R A Boughton

Mr C J Shennan

SECRETARY:

APS Nominees Limited

REGISTERED OFFICE:

Sanderum House

Oakley Road

Chinnor

Oxfordshire

OX39 4TW

REGISTERED NUMBER:

05399449 (England and Wales)

FIXED ASSETS

Investments

4

6,133

6,133

CURRENT ASSETS

Debtors

5

701,031

807,500

Cash at bank

479,450

449,389

1,180,481

1,256,889

CREDITORS

Amounts falling due within one year

6

(12,332

)

(14,084

)

NET CURRENT ASSETS

1,168,149

1,242,805

TOTAL ASSETS LESS CURRENT LIABILITIES

1,174,282

1,248,938

CAPITAL AND RESERVES

Called up share capital

7

63

63

Retained earnings

1,174,219

1,248,875

SHAREHOLDERS' FUNDS

1,174,282

1,248,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 15 December 2025 and were signed on its behalf by:

Mr C J Shennan - Director

1.	STATUTORY INFORMATION

IPI Holdings 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Fixed assets

All fixed assets are initially recorded at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

6,133

NET BOOK VALUE

At 30 April 2025

6,133

At 30 April 2024

6,133

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

701,031

807,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

11,373

13,153

Other creditors

959

931

12,332

14,084

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

6,333

Ordinary

1p

63

63

8.	RELATED PARTY DISCLOSURES

During the year, interest of £46,500 (2024: £53,594) was receivable from and at the year end interest of £51,031 ((2024: £57,500) and a loan of £650,000 (2024: £750,0000) was due from Zest Ventures Ltd. Mr R Boughton and Mr M Boughton control Zest Ventures Ltd by virtue of their shareholding in Zest Ventures Holdings Ltd, Zest Ventures Ltd's parent company. Mr R Boughton and Mr M Boughton are directors of Zest Ventures Ltd. The loan is unsecured. The interest rate is that of a secured loan advance by a commercial bank.

9.	ULTIMATE PARENT COMPANY

The company is ultimately controlled by Mr R Boughton and Mr M Boughton by virtue of their shareholding in IPI Holdings Ltd parent company, IPI Ventures Ltd.