REGISTERED NUMBER: 04285968 (England and Wales)

IPS FINANCIAL SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Adamou BSc, MCMI, FPC

Mr P Georgiou FPC

Mr N Polzone

SECRETARY:

Mr P Adamou BSc, MCMI, FPC

REGISTERED OFFICE:

Brookway House

2 Nichol Close

Southgate

London

N14 6JU

REGISTERED NUMBER:

04285968 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

15,053

17,289

CURRENT ASSETS

Debtors

5

445,689

314,611

Investments

6

21,351

-

Cash at bank

183,355

170,203

650,395

484,814

CREDITORS

Amounts falling due within one year

7

223,022

222,696

NET CURRENT ASSETS

427,373

262,118

TOTAL ASSETS LESS CURRENT LIABILITIES

442,426

279,407

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(5,000

)

PROVISIONS FOR LIABILITIES

9

(3,711

)

(4,258

)

NET ASSETS

433,715

270,149

CAPITAL AND RESERVES

Called up share capital

10

10,000

10,000

Retained earnings

11

423,715

260,149

SHAREHOLDERS' FUNDS

433,715

270,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

Mr P Adamou BSc, MCMI, FPC - Director

1.	STATUTORY INFORMATION

IPS Financial Solutions 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.

Turnover

Turnover represents the value of commissions receivable for the year. Turnover is recognised when commission becomes due under the insurance policies.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Computer equipment

-

25% on cost

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

2,290

27,769

25,062

55,121

Additions

-

-

2,138

2,138

At 31 December 2025

2,290

27,769

27,200

57,259

DEPRECIATION

At 1 January 2025

2,281

12,165

23,386

37,832

Charge for year

2

2,753

1,619

4,374

At 31 December 2025

2,283

14,918

25,005

42,206

NET BOOK VALUE

At 31 December 2025

7

12,851

2,195

15,053

At 31 December 2024

9

15,604

1,676

17,289

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

437,611

308,285

Prepayments and accrued income

8,078

6,326

445,689

314,611

6.	CURRENT ASSET INVESTMENTS

31.12.25

31.12.24

£

£

Listed investments

21,351

-

Market value of listed investments at 31 December 2025 - £ 21,351 .

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

60,711

74,420

Corporation tax

68,636

30,920

Social security and other taxes

6,772

34,989

Other creditors

495

492

Directors' loan accounts

11,195

11,195

Accrued expenses

75,213

70,680

223,022

222,696

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

5,000

5,000

The above loan with the parent company has been subordinated on a semi-permanent basis, as agreed with Financial Conduct Authority.

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

3,711

4,258

Deferred

tax

£

Balance at 1 January 2025

4,258

Accelerated capital allowances

(547

)

Balance at 31 December 2025

3,711

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

11.

RESERVES

Retained

earnings

£

At 1 January 2025

260,149

Profit for the year

203,566

Dividends

(40,000

)

At 31 December 2025

423,715

12.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme on behalf of its directors. The assets of the scheme and those of the company are held separately. The scheme is administered by an independent fund. Commitment during the year, under this scheme is for contributions amounting to £50,000 (2024 : £55,000).

13.	ULTIMATE CONTROLLING PARTY

The company is controlled by IPS Terroni Insurance Services Limited, by virtue of holding 76 per cent of the issued ordinary share capital of the company.There is no overall control of IPS Terroni Insurance Services Limited by any one person.