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Registered Number: 12182214
England and Wales

 

 

 

INDEPENDENT PEACE ASSOCIATES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2024

End date: 31 August 2025

Independent Peace Associates Ltd
Contents Page
For the year ended 31 August 2025
Directors Juliet Anne Schofield
Larisa Sotieva
Registered Number 12182214
Registered Office Impact Hub London Euston
1 Triton Square
London
NW1 3DX
Accountants Cocke, Vellacott & Hill
Chartered Accountants
Unit 15 City Business Centre
Lower Road
LONDON
SE16 2XB
1
Director's report and financial statements
The directors present report and unaudited accounts for the year ended 31 August 2025.
Independent Peace Associates Ltd is a community interest company and a company limited by guarantee without a share capital. Each member's guarantee liability is limited to £1. 
Principal activities
The principal activity of the company during the financial year was that of conflict transformation.
Directors
The directors who served the company throughout the year were as follows:
Juliet Anne Schofield
Larisa Sotieva
Audit exemption
Independent Peace Associates Ltd has taken advantage of the exemption under Section 477 of the Companies Act 2006 and these financial statements are therefore unaudited.
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Small company regime
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime with Part 15 of the Companies Act 2006.

This report was approved by the board and signed on its behalf by:


----------------------------------
Juliet Anne Schofield
Director

Date approved: 12 January 2026
2
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 3,539    3,134 
3,539    3,134 
Current assets      
Debtors 4 3,032    - 
Cash at bank and in hand 81,451    12,915 
84,483    12,915 
Creditors: amount falling due within one year 5 (76,241)   (6,795)
Net current assets 8,242    6,120 
 
Total assets less current liabilities 11,781    9,254 
Net assets 11,781    9,254 
 

Capital and reserves 		     
Profit and loss account 11,781    9,254 
Members' funds 11,781    9,254 
 


For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 January 2026 and were signed on its behalf by:


-------------------------------
Juliet Anne Schofield
Director
3
General Information
Independent Peace Associates Ltd is a private company, limited by guarantee, registered in England and Wales, registration number 12182214, registration address Impact Hub London Euston, 1 Triton Square, London, NW1 3DX.

The presentation currency is £ sterling.
Independent Peace Associates Ltd meets the definition of a public benefit entity under FRS 102. 
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.


Income from the sale of services is recognised in the accounting period in which the services are rendered and the outcome of the contract can be estimated reliably.


Income from grants relating to revenue is recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. The unspent proportion of any income received is treated as deferred income and carried forward as a liability on the balance sheet.


Grants for the purpose of giving immediate financial support to the company with no future related costs are recognised in income in the period in which they become receivable.
Irrecoverable VAT
Irrecoverable value added tax (VAT) is charged against the expenditure heading for which it was incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation

Taxation represents the sum of tax currently payable and deferred tax.
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past years and it is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profits. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.

Average number of employees

The company is administered by its directors. 
Average number of employees during the year was 0 (2024 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 September 2024 722    4,907    5,629 
Additions -    1,110    1,110 
Disposals -    -    - 
At 31 August 2025 722    6,017    6,739 
Depreciation
At 01 September 2024 439    2,055    2,494 
Charge for year 57    649    706 
On disposals -    -    - 
At 31 August 2025 496    2,704    3,200 
Net book values
Closing balance as at 31 August 2025 226    3,313    3,539 
Opening balance as at 01 September 2024 283    2,851    3,134 


4.

Debtors: amounts falling due within one year

2025
£		   2024
£
Trade Debtors 2,474    - 
Prepayments & Accrued Income 558    - 
3,032    - 

5.

Creditors: amount falling due within one year

2025
£		   2024
£
Corporation Tax 534    1,518 
Accrued Expenses 2,659    950 
Deferred income 68,186    - 
Director 1 current account 3,323    3,640 
Director 2 current account 1,539    687 
76,241    6,795 

6.

Company Limited by Guarantee

The company is limited by guarantee and therefore has no shares. Each member's guarantee liability is limited to £1.
4