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REGISTERED NUMBER: SC110339 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Learneld Limited

| Learneld Limited (Registered number: SC110339) |

Contents of the Financial Statements

for the Year Ended 31 March 2023

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Learneld Limited |

Company Information

for the Year Ended 31 March 2023

| DIRECTOR: | Mr Guy M Duman

| SECRETARY: | Mr G M Duman

| REGISTERED OFFICE: | 25 Sandyford Place

| Glasgow

| G3 7NG

| REGISTERED NUMBER: | SC110339 (Scotland)

| ACCOUNTANTS: | Stevenson & Kyles

| Chartered Accountants

| 25 Sandyford Place

| Glasgow

| G3 7NG

| Learneld Limited (Registered number: SC110339) |

Balance Sheet

31 March 2023

| 2023 | 2022 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 325,575 |  | 325,678 |  |

CURRENT ASSETS

Debtors | 5 | 136,834 |  | 24,601 |  |

Cash at bank | 646 |  | 109,090 |  |

137,480 |  | 133,691 |  |

CREDITORS

Amounts falling due within one year | 6 | 6,791 |  | 13,696 |  |

NET CURRENT ASSETS | 130,689 |  | 119,995 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 456,264 |  | 445,673 |  |

PROVISIONS FOR LIABILITIES | 7 | 13,659 |  | 13,679 |  |

NET ASSETS | 442,605 |  | 431,994 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 16,002 |  | 16,002 |  |

Share premium | 142,433 |  | 142,433 |  |

Fair value reserve | 220,364 |  | 220,364 |  |

Retained earnings | 63,806 |  | 53,195 |  |

SHAREHOLDERS' FUNDS | 442,605 |  | 431,994 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

| Learneld Limited (Registered number: SC110339) |

Balance Sheet - continued

31 March 2023

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 26 July 2023 and were signed by:

Mr Guy M Duman - Director

| Learneld Limited (Registered number: SC110339) |

Notes to the Financial Statements

for the Year Ended 31 March 2023

1. | STATUTORY INFORMATION

| Learneld Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rent receivable.

| Tangible fixed assets

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

| Investment properties | - | not provided

| Furniture and equipment | - | 15% on reducing balance

| Computer equipment | - | 25% on cost

| Financial instruments

| Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

| 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.

| Learneld Limited (Registered number: SC110339) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

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.

| Grant income

| Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2022 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Furniture |

| Investment |  | and |  | Computer |

| properties |  | equipment |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2022

| and 31 March 2023 | 325,000 |  | 16,549 |  | 1,357 |  | 342,906 |  |

| DEPRECIATION

| At 1 April 2022 | - |  | 15,871 |  | 1,357 |  | 17,228 |  |

| Charge for year | - |  | 103 |  | - |  | 103 |  |

| At 31 March 2023 | - |  | 15,974 |  | 1,357 |  | 17,331 |  |

| NET BOOK VALUE

| At 31 March 2023 | 325,000 |  | 575 |  | - |  | 325,575 |  |

| At 31 March 2022 | 325,000 |  | 678 |  | - |  | 325,678 |  |

| Learneld Limited (Registered number: SC110339) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

4. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2023 is represented by:

| Furniture |

| Investment |  | and |  | Computer |

| properties |  | equipment |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2014 | 110,120 |  | - |  | - |  | 110,120 |  |

| Valuation in 2018 | 3,000 |  | - |  | - |  | 3,000 |  |

| Valuation in 2021 | 120,794 |  | - |  | - |  | 120,794 |  |

| Cost | 91,086 |  | 16,549 |  | 1,357 |  | 108,992 |  |

325,000 |  | 16,549 |  | 1,357 |  | 342,906 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

2023 | 2022 |

£ | £ |

| Cost | 91,086 |  | 91,086 |  |

| Investment properties were valued on an open market basis on 31 March 2021 by an independent valuer .

5. | DEBTORS

2023 | 2022 |

£ | £ |

| Amounts falling due within one year:

| Other debtors | 6,834 |  | 24,601 |  |

| Amounts falling due after more than one year:

| Other debtors | 130,000 |  | - |  |

| Aggregate amounts | 136,834 |  | 24,601 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Taxation and social security | 2,594 |  | 9,351 |  |

| Other creditors | 4,197 |  | 4,345 |  |

6,791 |  | 13,696 |  |

| Learneld Limited (Registered number: SC110339) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

7. | PROVISIONS FOR LIABILITIES

2023 | 2022 |

£ | £ |

| Deferred tax | 13,659 |  | 13,679 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2022 | 13,679 |  |

| Provided during year | (20 | ) |

| Balance at 31 March 2023 | 13,659 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2023 | 2022 |

| value: | £ | £ |

| 16,002 | Ordinary | £1 | 16,002 |  | 16,002 |  |

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr Guy M Duman.