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REGISTERED NUMBER: 11653752 (England and Wales)

IPA LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

| IPA LIMITED (REGISTERED NUMBER: 11653752) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page |

| Company Information | 1 |

| Abridged Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| IPA LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2025

| DIRECTORS: | M M U Khan

| Ms L Khan

| REGISTERED OFFICE: | 923 Finchley Road

| Golders Green

| London

| NW11 7PE

| REGISTERED NUMBER: | 11653752 (England and Wales)

| IPA LIMITED (REGISTERED NUMBER: 11653752) |

ABRIDGED STATEMENT OF FINANCIAL POSITION

30 NOVEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 162,096 |  | - |  |

CURRENT ASSETS

Stocks | 237,357 |  | 216,182 |  |

Debtors | 112,800 |  | 84,800 |  |

Cash at bank | 95,112 |  | 19,461 |  |

445,269 |  | 320,443 |  |

CREDITORS

Amounts falling due within one year | 620,208 |  | 331,658 |  |

NET CURRENT LIABILITIES | (174,939 | ) | (11,215 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (12,843 | ) | (11,215 | ) |

CAPITAL AND RESERVES

Called up share capital | 5 | 100 |  | 100 |  |

Retained earnings | (12,943 | ) | (11,315 | ) |

SHAREHOLDERS' FUNDS | (12,843 | ) | (11,215 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

| IPA LIMITED (REGISTERED NUMBER: 11653752) |

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued

30 NOVEMBER 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 August 2026 and were signed on its behalf by:

M M U Khan - Director

| IPA LIMITED (REGISTERED NUMBER: 11653752) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1. | STATUTORY INFORMATION

| Ipa 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

| The accounts are prepared on the going concern basis on the assumption that the Director will continue to fund the company.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stock of land

| Closing Stock represents the cost of purchase of land for development and allied costs and is valued at the lower of cost and net realisable value.

| IPA LIMITED (REGISTERED NUMBER: 11653752) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

| Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Interest income

| Interest income is recognised in profit or loss using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

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

| IPA LIMITED (REGISTERED NUMBER: 11653752) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 NOVEMBER 2025

4. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| Additions | 162,096 |  |

| At 30 November 2025 | 162,096 |  |

| NET BOOK VALUE

| At 30 November 2025 | 162,096 |  |

5. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

6. | RELATED PARTY DISCLOSURES

| Included in Debtors is a loan to Rexcix Ltd of £112,800 (2024:£84,800) a company which shares a common Director.

| The company acquired 50% of the shares of Intelstructive Ltd, during the year, a company which shares a common director.