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I.P Professional Services Limited Registered number: 04718486 Directors' Report and unaudited financial statements For the year ended 30 September 2025
|  | 04718486 30 September 2025
I.P PROFESSIONAL SERVICES LIMITED REGISTERED NUMBER: 04718486 STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Intangible assets | 4 |  | - |  | -
|  |  | - |  | -
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 31,822 |  | 31,822 |
|  | 31,822 |  | 31,822 |
Creditors: amounts falling due within one year | 6 | (2,021,054) |  | (2,021,054) |
Net current liabilities |  |  | (1,989,232) |  | (1,989,232)
Total assets less current liabilities |  |  | (1,989,232) |  | (1,989,232)
Net liabilities |  |  | (1,989,232) |  | (1,989,232)
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 240 |  | 240
Profit and loss account |  |  | (1,989,472) |  | (1,989,472)
Total equity |  |  | (1,989,232) |  | (1,989,232)
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|  | 04718486 30 September 2025
I.P PROFESSIONAL SERVICES LIMITED REGISTERED NUMBER: 04718486 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 SEPTEMBER 2025 For the year ended 30 September 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006. Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
B J Prentis
Director
Date: 1 July 2026
The notes on pages 3 to 6 form part of these financial statements. Page 2
|  | 04718486 30 September 2025
I.P PROFESSIONAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | General information
IP Professional Services Limited ('the Company') is a private company, limited by shares, and incorporated in England and Wales. The Company's registered number is 04718486. The address of its registered office is Integration House, Turnhams Green Business Park, Pincents Lane, Reading, Berkshire, RG31 4UH. The Company is dormant and has not traded during the current or prior year. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors are of the opinion that the Company will continue as a going concern and the financial statements for the year ended 30 September 2025 reflect this going concern basis. Whilst the Company is not expected to trade in the coming year, the directors do not intend to wind up the Company, it will remain dormant for the foreseeable future.
| 2.3 | Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was previously being amortised evenly over its estimated useful life. Acquired goodwill is reviewed for impairment at the end of the first full financial year following acquisition and in other periods where indications of impairment exist. In this regard, the directors believe the goodwill acquired in 2004 to now be fully impaired.
| 2.4 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Page 3
|  | 04718486 30 September 2025
I.P PROFESSIONAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.5 | Debtors: amounts falling due within one year
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | Creditors: amounts falling due within one year
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024: 2).
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 October 2024 | 746,646
| At 30 September 2025 | 746,646
| Accumulated amortisation |
| At 1 October 2024 | 746,646
| At 30 September 2025 | 746,646
| Net book value |
| At 30 September 2025 | -
| At 30 September 2024 | -
Page 4
|  | 04718486 30 September 2025
I.P PROFESSIONAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. | Debtors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 31,822 | 31,822
| Amounts owed by group undertakings are unsecured, interest-free and repayable on demand. The Company's assets are secured by a fixed and floating charge.
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 2,020,162 | 2,020,162
| Accruals and deferred income | 892 | 892
|  | 2,021,054 | 2,021,054
| Amounts owed to group undertakings are unsecured, interest-free and repayable on demand.
7. | Called up share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 240 (2024: 240) Ordinary shares of £1.00 each | 240 | 240
| Each ordinary share entitles the shareholder to full voting rights.
8. | Related party transactions
| The Company has taken advantage of the exemption available under Section 33 'Related Party Disclosures' not to disclose transactions with other wholly owned members of the group.
9. | Post balance sheet events
There have been no significant events affecting the Company since the year end. Page 5
|  | 04718486 30 September 2025
I.P PROFESSIONAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
10. | Controlling party
The immediate parent company is I.P. Integration Group Limited, a company incorporated and registered in England and Wales. The ultimate parent company is lPI Group Holdco Limited, a company incorporated and registered in England and Wales, which is the smallest and the largest group into which the Company's financial statements are consolidated. The only consolidated financial statements prepared for the group, of which the Company is a member are those of the ultimate parent company. Copies of the ultimate parent company's financial statements are publicly available and can be obtained from Companies House. The address of the registered office is Integration House, Turnhams Green Business Park, Pincents Lane, Reading, Berkshire, RG31 4UH. The ultimate controlling party is Mr B.J. Prentis by virtue of his beneficial shareholding in IPI Group Holdco Limited, the ultimate parent company of the group.
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