Institutional Prime Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
114 St. Martin's Lane
London
WC2N 4BE
England

Principal activity

The principal activity of the Company is providing consultancy services

These financial statements were authorised for issue by the director on 23 December 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 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 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.

Disclosure of long or short period

The financial statements presented are for the long period from 1 March 2024 to 31 March 2025. The company has changed its accounting reference date to 31 March 2025 to align with another company which is under the common control of the shareholder.

Going concern

The company made a profit in the period and has net assets.

The financial statements have been prepared on a going concern basis.

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.

Institutional Prime Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

Tax

The tax expense for the period comprises current 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.

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
Office Equipment	50% Straight Line
Fixtures and Fittings	20% Straight Line

Financial instruments

Classification
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to/from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

Debtors

Trade debtors are amounts due from customers for 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.

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.

Institutional Prime Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

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.

Institutional Prime Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

3	Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4	Staff numbers

The average number of persons employed by the Company (including the director) during the period, was 1 (2024 - 1).

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 March 2024	2,159	4,651	6,810
Additions	-	1,500	1,500
Disposals	-	(1,098)	(1,098)
At 31 March 2025	2,159	5,053	7,212
Depreciation
At 1 March 2024	102	2,936	3,038
Charge for the period	468	1,586	2,054
Eliminated on disposal	-	(1,098)	(1,098)
At 31 March 2025	570	3,424	3,994
Carrying amount
At 31 March 2025	1,589	1,629	3,218
At 29 February 2024	2,057	1,715	3,772

Institutional Prime Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

6

Debtors

Current	Note	31 March 2025 £	29 February 2024 £
Trade debtors		13,319	11,276
Amounts owed by related parties	11	151,852	71,862
Other debtors		99,188	64,182
		264,359	147,320

7

Creditors

Creditors: amounts falling due within one year

	31 March 2025 £	29 February 2024 £
Due within one year
Taxation and social security	14,297	31,863
Accruals and deferred income	3,900	3,900
Other creditors	278	942
	18,475	36,705

8	Share capital

Allotted, called up and fully paid shares

	31 March 2025		29 February 2024
	No.	£	No.	£
Ordinary share capital of £1 each	1	1	1	1

Institutional Prime Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	31 March 2025 £	29 February 2024 £
Not later than one year	-	2,080

10

Dividends

Interim dividends paid

		31 March 2025 £		29 February 2024 £
Interim dividend of £Nil per each Ordinary share		-		-

11	Related party transactions

Summary of transactions with Companies under common control

During the year, the company loaned £79,990 to a company under common control (2024: £7,248). As at the year end, the amount owed from the company under common control was £151,852 (2024: £71,862).

Summary of transactions with other related parties
During the year, the director paid on behalf of the company expenses of £1,990 (2024: £Nil). The company made advances to the director of £11,053 (2024: £ 20,678). The director repaid £1,685 of their amounts due to the company (2024: £Nil). As at the year end the amount owed from/(to) the director was £44,714 (2024: £37,336).