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REGISTERED NUMBER: 01592826 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

I.P.I. Limited

| I.P.I. Limited (Registered number: 01592826) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 3 |

| I.P.I. Limited (Registered number: 01592826) |

Balance Sheet

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 479 |  | 563 |  |

Current assets

Debtors | 5 | - |  | 26 |  |

Cash at bank | - |  | 22 |  |

- |  | 48 |  |

Creditors

Amounts falling due within one year | 6 | 37,060 |  | 35,662 |  |

Net current liabilities | (37,060 | ) | (35,614 | ) |

Total assets less current liabilities | (36,581 | ) | (35,051 | ) |

Capital and reserves

Called up share capital | 7 | 30,000 |  | 30,000 |  |

Retained earnings | (66,581 | ) | (65,051 | ) |

Shareholders' funds | (36,581 | ) | (35,051 | ) |

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.

| I.P.I. Limited (Registered number: 01592826) |

Balance Sheet - 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.

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 21 August 2026 and were signed on its behalf by:

E J Taylor - Director

| I.P.I. Limited (Registered number: 01592826) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | Statutory information

| I.P.I. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 01592826

| Registered office: | 85 Church Road

| Hove

| East Sussex

| BN3 2BB

| The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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.

| 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 | - | 15% on reducing balance

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

| I.P.I. Limited (Registered number: 01592826) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | Accounting policies - continued

| 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.

3. | Employees and directors

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

4. | Tangible assets

| Fixtures

| and

| fittings

£ |

| Cost

| At 1 December 2024

| and 30 November 2025 | 1,606 |  |

| Depreciation

| At 1 December 2024 | 1,043 |  |

| Charge for year | 84 |  |

| At 30 November 2025 | 1,127 |  |

| Net book value

| At 30 November 2025 | 479 |  |

| At 30 November 2024 | 563 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Other debtors | - |  | 26 |  |

| I.P.I. Limited (Registered number: 01592826) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 30 |  |

| Other creditors | 37,060 |  | 35,632 |  |

37,060 |  | 35,662 |  |

7. | Called up share capital

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 30,000 | Ordinary | £1 | 30,000 |  | 30,000 |  |

8. | Related party disclosures

| At the year end, the company owed the directors £36,201 (2024: £34,886).