REGISTERED NUMBER: 08650721 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FRESH IP EP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Z Fisher

K J Norris

REGISTERED OFFICE:

WeWork

50-60 Station Road

CAMBRIDGE

Cambridgeshire

CB1 2JH

REGISTERED NUMBER:

08650721 (England and Wales)

ACCOUNTANTS:

Staffords

Chartered Accountants

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,205

1,210

Investments

6

884

884

3,089

2,094

CURRENT ASSETS

Debtors

7

20,482

140,749

Cash at bank

75,352

229,883

95,834

370,632

CREDITORS

Amounts falling due within one year

8

66,907

132,332

NET CURRENT ASSETS

28,927

238,300

TOTAL ASSETS LESS CURRENT LIABILITIES

32,016

240,394

PROVISIONS FOR LIABILITIES

10

551

303

NET ASSETS

31,465

240,091

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

30,465

239,091

SHAREHOLDERS' FUNDS

31,465

240,091

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2026 and were signed on its behalf by:

Z Fisher - Director

1.	STATUTORY INFORMATION

Fresh IP EP 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

500,000

AMORTISATION

At 1 January 2025

and 31 December 2025

500,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

3,121

7,984

11,105

Additions

-

1,914

1,914

At 31 December 2025

3,121

9,898

13,019

DEPRECIATION

At 1 January 2025

3,481

6,414

9,895

Charge for year

282

637

919

At 31 December 2025

3,763

7,051

10,814

NET BOOK VALUE

At 31 December 2025

(642

)

2,847

2,205

At 31 December 2024

(360

)

1,570

1,210

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

and 31 December 2025

884

NET BOOK VALUE

At 31 December 2025

884

At 31 December 2024

884

Fresh IP Unipessoal LDA, a company incorporated in Portugal, is a wholly owned subsidiary of Fresh IP EP Limited.

Fresh IP EP Limited holds one quota of €1,000 in Fresh IP Unipessoal LDA.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,678

65,567

Amounts owed by group undertakings

-

53,383

Other debtors

9,804

21,799

20,482

140,749

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

18,539

103,617

Amounts owed to group undertakings

-

3,359

Taxation and social security

2,543

17,268

Other creditors

45,825

8,088

66,907

132,332

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,588

3,588

The rental lease is a short term arrangement but the figure noted above assumes that the rent were to last for a full year from the Balance Sheet date, but it can be cancelled on 30 day notice.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

551

303

Deferred

tax

£

Balance at 1 January 2025

303

Accelerated capital allowances

248

Balance at 31 December 2025

551

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.	RELATED PARTY DISCLOSURES

At the year end. the company was owed £nil (2024: £53,383) by Compass Global Events Limited, a company in which Z Fisher is a director.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Z Fisher.

The ultimate controlling party is Z Fisher.