REGISTERED NUMBER: 12256472 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

IPEC COACHING UNITED KINGDOM LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

Ms J M Ryan

Secretary:

Vistra Cosec Limited

Registered office:

Suite 1, 7th Floor

50 Broadway

London

SW1H 0DB

Registered number:

12256472 (England and Wales)

Auditors:

Gravita Audit Western Limited

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

CURRENT ASSETS

Debtors

4

36,140

53,601

CREDITORS

Amounts falling due within one year

5

(34,317

)

(56,373

)

NET CURRENT ASSETS/(LIABILITIES)

1,823

(2,772

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,823

(2,772

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,822

(2,773

)

1,823

(2,772

)

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 director and authorised for issue on 2 June 2026 and were signed by:

Ms J M Ryan - Director

1.	STATUTORY INFORMATION

iPEC Coaching United Kingdom Ltd 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.

The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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 is in respect of course fees receivable and is recognised at the point in which the course has taken place.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The financial statements have been prepared on a going concern basis as IPEC Perfect Creation LLC will be supporting the entity for at least 12 months from the date of the audit report. The directors have assessed the ability of the parent to provide this support and noted the following that was included in the IPEC Holding Company, INC. Consolidated Financial Statements for the year end 31 December 2025, for which IPEC Perfect Creation LLC is included:

Management annually evaluates whether there are conditions or events, considered in the aggregate, which raise substantial doubt about the Company's ability to continue as a going concern within one year of the date that the consolidated financial statements are available to be issued. This evaluation is based on relevant conditions and events that are known or reasonably knowable as of this date. Management has performed this evaluation through May 29, 2026.

As reflected in the accompanying consolidated financial statements, the Company has negative working capital of approximately 541,000 as of December 31, 2025, a net loss of approximately 11,450,000 and negative cash flows from operations of approximately 669,000 for the year ended December 31, 2025. These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year from the date the consolidated financial statements are available to be issued. The consolidated financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty. Management's evaluation of the Company's ability to continue as a going concern involves making judgements, at a particular point in time, about inherently uncertain future outcomes of conditions or events.

The following represent management's plans to mitigate these conditions:

- Through April 2026, the Company has sustained positive EBITDA of approximately 58,000 and positive cash flows from operations of approximately 165,000. The Company expects positive EBITDA and its cash position to continue to build during 2026.

- The Company's B2B business has a new management team with extensive B2B sales experience, with a focus on new markets and customer targets which will generate increased future revenues.

Management believes that this plan provides an opportunity for the Company to continue as a going concern. While management is confident, there can be no assurance management's plan can mitigate the effect of these events or conditions. The accompanying consolidated financial statements have been prepared, assuming the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business.

Consequently the directors of IPEC Coaching United Kingdom Ltd have assessed that the company can continue as a going concern for a period of at least 12 months form the date of the audit report.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,573

27,322

Amounts owed by group undertakings

19,980

16,878

Other debtors

1,587

9,401

36,140

53,601

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

693

-

Taxation and social security

5,270

20,370

Other creditors

28,354

36,003

34,317

56,373

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Jade Quaintance (Senior Statutory Auditor)

for and on behalf of Gravita Audit Western Limited

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is BeTouched Coaching B.V, a company incorporated in the Netherlands. The director considers the ultimate controlling party to be iPEC Holding Company Inc, a company registered in the United States of America, with the registered address 140 Avenue at the Common, Suite 202, Shrewbury, NJ 07702, USA.