Company No: 05949417 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	9,120		0
Tangible assets	4	7,388		164,063
		16,508		164,063
Current assets
Debtors	5	1,581,286		1,614,939
Cash at bank and in hand		42,526		3,839
		1,623,812		1,618,778
Creditors: amounts falling due within one year	6	( 743,322)		( 912,049)
Net current assets		880,490		706,729
Total assets less current liabilities		896,998		870,792
Creditors: amounts falling due after more than one year	7	0		( 129,465)
Provision for liabilities		( 4,055)		( 446)
Net assets		892,943		740,881
Capital and reserves
Called-up share capital	8	900		900
Profit and loss account		892,043		739,981
Total shareholder's funds		892,943		740,881

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Iperium Consulting Limited (registered number: 05949417) were approved and authorised for issue by the Board of Directors on 29 July 2026. They were signed on its behalf by:

Timothy James Hosking Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Iperium Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 - 3 College Yard, Worcester, WR1 2LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer. This is deemed to be when the probation period for the candidate has finished as there can be reversals up until that point. Invoices are generally raised when candidate starts in the position and therefore income is deferred in the accounts.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings	25 years straight line
Fixtures and fittings	10 years straight line
Office equipment	4 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2025	0		0
Additions	10,260		10,260
At 31 December 2025	10,260		10,260
Accumulated amortisation
At 01 January 2025	0		0
Charge for the financial year	1,140		1,140
At 31 December 2025	1,140		1,140
Net book value
At 31 December 2025	9,120		9,120
At 31 December 2024	0		0

4. Tangible assets

	Land and buildings		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2025	270,000		47,544		11,970		329,514
Additions	0		0		1,117		1,117
Disposals	( 270,000)		0		0		( 270,000)
At 31 December 2025	0		47,544		13,087		60,631
Accumulated depreciation
At 01 January 2025	116,000		38,889		10,562		165,451
Charge for the financial year	900		2,428		1,364		4,692
Disposals	( 116,900)		0		0		( 116,900)
At 31 December 2025	0		41,317		11,926		53,243
Net book value
At 31 December 2025	0		6,227		1,161		7,388
At 31 December 2024	154,000		8,655		1,408		164,063

5. Debtors

	2025		2024
	£		£
Trade debtors	110,420		170,718
Amounts owed by Group undertakings	144,459		203,193
Amounts owed by directors	1,028,901		941,861
VAT recoverable	0		1,661
Other debtors	297,506		297,506
	1,581,286		1,614,939

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	19,999		70,113
Trade creditors	18,627		18,861
Accruals and deferred income	378,162		513,624
Taxation and social security	325,785		308,791
Other creditors	749		660
	743,322		912,049

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		129,465

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
900 Ordinary shares of £ 1.00 each	900		900

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts Owed from Directors to the company	1,028,901		941,861
Amounts owed from group companies to the company	144,459		203,193

The loan balances have not been repaid within 9 months of the year end and Interest of 2.25%/3.75% has been charged on the overdrawn directors loan balances.