REGISTERED NUMBER: 07832495 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

iFunction Limited

Page

Chartered accountants' report

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

7

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of iFunction Limited for the year ended 30 November 2025 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of iFunction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of iFunction Limited and state those matters that we have agreed to state to the director of iFunction Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than iFunction Limited and its director for our work or for this report.

It is your duty to ensure that iFunction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of iFunction Limited. You consider that iFunction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of iFunction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

22 St George's Street

Stamford

Lincolnshire

PE9 2BU

27 August 2026

Fixed assets

Intangible assets

5

2,000

-

Tangible assets

6

18,059

19,561

20,059

19,561

Current assets

Stocks

7

13,500

-

Debtors

8

3,662

53,795

Cash at bank

12,938

45,850

30,100

99,645

Creditors

Amounts falling due within one year

9

30,967

30,293

Net current (liabilities)/assets

(867

)

69,352

Total assets less current liabilities

19,192

88,913

Provisions for liabilities

-

515

Net assets

19,192

88,398

Capital and reserves

Called up share capital

10

1

1

Retained earnings

19,191

88,397

Shareholders' funds

19,192

88,398

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 director acknowledges his 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

Dr A P S Takhar - Director

1.	Statutory information

iFunction 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:

07832495

Registered office:

21 Roman Drive

Stibbington

Peterborough

Cambs

PE8 6LL

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

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.

Website & Software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Computer & office equipmt

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its directors, shareholders and related companies and partnerships. The financial statements do not include any adjustments that would arise if such support is not continuing.

Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4.	Employees and directors

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

5.	Intangible fixed assets

Website &

Software

£

Cost

Additions

3,000

At 30 November 2025

3,000

Amortisation

Amortisation for year

1,000

At 30 November 2025

1,000

Net book value

At 30 November 2025

2,000

6.	Tangible fixed assets

Computer

& office

equipmt

£

Cost

At 1 December 2024

36,514

Additions

4,011

At 30 November 2025

40,525

Depreciation

At 1 December 2024

16,953

Charge for year

5,513

At 30 November 2025

22,466

Net book value

At 30 November 2025

18,059

At 30 November 2024

19,561

7.

Stocks

2025

2024

£

£

Stocks

13,500

-

8.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

2,950

Amounts owed by participating interests

-

46,000

Directors' loan accounts

1,277

-

Prepayments

2,385

4,845

3,662

53,795

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

-

1,499

Amounts owed to participating interests

27,228

17,228

Credit card

2,587

3,119

Directors' loan accounts

-

7,497

Accrued expenses

1,152

950

30,967

30,293

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary shares

£1

1

1

11.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

Dr A P S Takhar

Balance outstanding at start of year

(7,496

)

3,272

Amounts advanced

229,769

80

Amounts repaid

(220,996

)

(10,848

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,277

(7,496

)