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REGISTERED NUMBER: 13855055 (England and Wales)















THFI EDUCATION LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023






THFI EDUCATION LIMITED (REGISTERED NUMBER: 13855055)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THFI EDUCATION LIMITED

COMPANY INFORMATION
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023







DIRECTORS: S J Brice
N J Mitchell





REGISTERED OFFICE: Acresfield (Third Floor)
8 Exchange Street
Manchester
Greater Manchester
M2 7HA





REGISTERED NUMBER: 13855055 (England and Wales)





AUDITORS: Clarke Nicklin LLP
Chartered Accountants and
Statutory Auditors
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

THFI EDUCATION LIMITED (REGISTERED NUMBER: 13855055)

BALANCE SHEET
31 MARCH 2023

Notes £   
CURRENT ASSETS
Debtors 4 15,859
Cash at bank 9,990
25,849
CREDITORS
Amounts falling due within one year 5 102,257
NET CURRENT LIABILITIES (76,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(76,408

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (76,409 )
SHAREHOLDERS' FUNDS (76,408 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





S J Brice - Director


THFI EDUCATION LIMITED (REGISTERED NUMBER: 13855055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023


1. STATUTORY INFORMATION

THFI Education 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.

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.

Going concern
These financial statements are prepared on the going concern basis. The company made a loss in the financial year and is also forecasting a loss in the current year. The parent company, UP Global Pte Ltd has provided a letter of support to the director to ensure the company can meet its day to day financial obligations and continue as a going concern.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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 period was 4 .

THFI EDUCATION LIMITED (REGISTERED NUMBER: 13855055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1
VAT 3,641
Prepayments and accrued income 12,217
15,859

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,949
Amounts owed to group undertakings 100,308
102,257

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Travis FCA (Senior Statutory Auditor)
for and on behalf of Clarke Nicklin LLP

7. ULTIMATE CONTROLLING PARTY

The immediate parent company is UP Fitness Holdings Ltd, a company registered in England and Wales, and controlled by N J Mitchell.

The ultimate parent company is UP Global Pte Ltd, a company registered in Singapore, and controlled by N J Mitchell.