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REGISTERED NUMBER: 04840493 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

KNOWLEDGE TO ACTION LTD

KNOWLEDGE TO ACTION LTD (REGISTERED NUMBER: 04840493)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KNOWLEDGE TO ACTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: G J Secker





REGISTERED OFFICE: C/O CBHC Ltd, Steeple House, Suite 3
First Floor
Church Lane
Chelmsford
Essex
CM1 1NH





BUSINESS ADDRESS: 289 Perry Street
Billericay
Essex
CM12 0RB





REGISTERED NUMBER: 04840493 (England and Wales)





AUDITORS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

KNOWLEDGE TO ACTION LTD (REGISTERED NUMBER: 04840493)

BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,899 42,066
Investments 5 1,323,287 1,323,287
1,339,186 1,365,353

CURRENT ASSETS
Debtors 6 3,414,670 12,394,606
Cash at bank 89,170 399,620
3,503,840 12,794,226
CREDITORS
Amounts falling due within one year 7 9,807,943 19,431,481
NET CURRENT LIABILITIES (6,304,103 ) (6,637,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,964,917

)

(5,271,902

)

CREDITORS
Amounts falling due after more than one year 8 - 8,829
NET LIABILITIES (4,964,917 ) (5,280,731 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (4,965,017 ) (5,280,831 )
SHAREHOLDERS' FUNDS (4,964,917 ) (5,280,731 )

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 2 February 2024 and were signed by:





G J Secker - Director


KNOWLEDGE TO ACTION LTD (REGISTERED NUMBER: 04840493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Knowledge To Action Ltd 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
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.

Revenue recognition
Turnover comprises revenue generated from training and coaching services, exclusive of Value Added Tax and trade discounts.

These revenues are recognised upon attendance of a course or coaching session by the delegates in question, and so any advance payments are deferred in advance of this. All fees are to be paid in full in advance of attendance of any seminar or coaching session.

Deposits held for a period in excess of twelve months will continue to be deferred, however a proportion will be recognised as turnover using a statistical model based on prior year trends for older deposits being converted into recognised income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Financial instruments
The Company only enters into basic financial instrument 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.

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.


KNOWLEDGE TO ACTION LTD (REGISTERED NUMBER: 04840493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company has reported an operating profit (after tax) for the year of £315,814 (2021: £667,927 ). There is a net liabilities position on the balance sheet amounting to £4,964,917 (2021: £5,280,731)

These financial circumstances may cast doubt upon the company's ability to continue as a going concern. Considering the continued support of the director and ultimate group owner and the support of other connected and group entities, the director is satisfied that the company has adequate financial resources to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2021 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 130,833
DEPRECIATION
At 1 January 2022 88,767
Charge for year 26,167
At 31 December 2022 114,934
NET BOOK VALUE
At 31 December 2022 15,899
At 31 December 2021 42,066

KNOWLEDGE TO ACTION LTD (REGISTERED NUMBER: 04840493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. FIXED ASSET INVESTMENTS

31/12/22 31/12/21
£    £   
Participating interests 1,203,287 1,203,287
Other investments not loans 120,000 120,000
1,323,287 1,323,287

Additional information is as follows:
Interest
in joint
venture
£   
COST
At 1 January 2022
and 31 December 2022 1,203,287
NET BOOK VALUE
At 31 December 2022 1,203,287
At 31 December 2021 1,203,287

Investments (neither listed nor unlisted) were as follows:
31/12/22 31/12/21
£    £   
Art work 120,000 120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade debtors 38,318 52,429
Amounts owed by group undertakings 2,180,433 2,082,229
Other debtors 1,195,919 10,259,948
3,414,670 12,394,606

short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

KNOWLEDGE TO ACTION LTD (REGISTERED NUMBER: 04840493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade creditors 168,037 49,901
Amounts owed to group undertakings 97,990 11,971,260
Taxation and social security 1,538,028 2,036,574
Other creditors 8,003,888 5,373,746
9,807,943 19,431,481

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/22 31/12/21
£    £   
Taxation and social security - 8,829

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/22 31/12/21
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2022 (5,280,831 )
Profit for the year 315,814
At 31 December 2022 (4,965,017 )

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

The Report of the Auditors was unqualified.

Peter Sartain (Senior Statutory Auditor)
for and on behalf of CBHC Limited

Material Uncertainty Relating to Going Concern

We draw attention to Note 2 in the financial statements, which indicates that the company as at 31 December 2022, the company’s current liabilities exceeded its total assets by £4,964,917 . As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

KNOWLEDGE TO ACTION LTD (REGISTERED NUMBER: 04840493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


12. RELATED PARTY DISCLOSURES

The company is a 100% owned subsidiary of Knowledge to Action (Holdings) Limited, a company registered in England and Wales. In addition the company is related to the following fellow subsidiaries:

Live Trading Floor Limited (registered in England and Wales)
Investment Marketing Solutions Limited (registered in England and Wales)
Learn to Trade Pty Limited (formerly Knowledge to Action Pty Limited, registered in Australia)
Learn to Trade Limited (registered in England and Wales)
FX Capital MA Limited (registered in England and Wales)

In addition to the above, the director of the company G Secker was a related party to the company.
Learn to Trade Pty Limited (registered in South Africa) is a company under common control.

The Greg Secker Foundation (formerly The Knowledge to Action Foundation, registered in England and Wales), K2AF Trading Limited (registered in England and Wales), Learn to Trade International Holdings (registered in Cyprus) and Smart Charts (Malta) were all under the common control of G Secker.

Global Success Summits Limited (registered in England and Wales), EMC Events (registered in England and Wales), and Learn to Trade Limited were both under common ownership and control of G Secker. Learn Trading LLP (registered in England and Wales) is under common ownership and control of G Secker, and Knowledge to Action Ltd is a corporate member of the LLP.

G Secker was owed £793,027 from Knowledge to Action (2021: £1,038,494) as at the balance sheet date.

Included debtors are the following balances that are owed from related parties.

2022 2021
£ £
Knowledge to action (holdings) 1,541,957 1,535,419

FX Capital MA Limited 633,675 542,009
Learn to trade uk Limited 1,100 1,100
K2A South Africa 344,045
Smart Charts Malta - 9,727,439
Schubi Computer Software Trading LLC 39,654 39.654
K2A Foundation Charity 193,368 186,568
K2A Foundation Trading 41,097 37,459
Capital index Holdings 26,028 25,318
Investment Marketing Solutions 4,801 4,801
Learn to Trade International Holdings 69,413 55,912
EMC Events 254,125 -

3,149,263 12,155,679





Included creditors is the following balance owed by the company to the related party.

KNOWLEDGE TO ACTION LTD (REGISTERED NUMBER: 04840493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2022 2021
£ £
K2A Aus LTT Pty - 5,947,952
Smart Charts Pty - 5,925,318
LTF Limited 97,990 97,990
K2A South Africa - 5,133
Smart Charts Malta 3,447,309 159,540
LTT Smartchart (Philippines) 213,754 219,335
Capital Index (UK) Limited 784,813 219,216
EmpowerU 1,192,940 701,672
Capital Index Global Limited 414,148 -
6,150,955 13,276,156

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14. ULTIMATE CONTROLLING PARTY

The ultimate parent company of the group, Knowledge to Action (Holdings) Limited prepares consolidated financial statements, which are available from Companies House. These financial statements include the results of Knowledge to Action Ltd