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REGISTERED NUMBER: 06952258 (England and Wales)















GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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










Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Consolidated Statement of Comprehensive Income 9

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 17


KNOWLEDGE TO ACTION (HOLDINGS) LIMITED

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





REGISTERED NUMBER: 06952258 (England and Wales)





AUDITORS: CBHC Limited
Suite 3 Hamilton Centre
Rodney Way
Chelmsford
CM1 3BY

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022


The director presents his strategic report of the company and the group for the year ended 31 December 2022.

Introduction

Knowledge to Action Holdings Limited is the holding company of the Knowledge to Action Group, a group of companies that provide on line training and coaching seminars aimed at trading on the stock exchanges and foreign currency markets around the world.

REVIEW OF BUSINESS
As a significant part of the group, Knowledge to Action Ltd has successfully traded within its market since 2004 in the UK.Turnover in the UK has risen by 10% compared to previous year. This has contributed to an overall increase of 45% in group turnover.

Knowledge to Action Limited generated profits of £315,814 (2021:£667,927).

The Group's operations in Australia Generated a profit of £1,269,679 (2021:£349,560).

The Group's Key performance indicator is profit. The overall group's results have generated a net profit before tax of £1,481,773 (2021: £905,249).

The Group's Balance Sheet shows a net liability position of £5,624,288, which has arisen because of historical losses.

PRINCIPAL RISKS AND UNCERTAINTIES
The group's principal financial instruments comprise bank balances, trade debtors and trade creditors. Due to the short term nature of the financial instruments used within the group it is believed there is a very limited exposure to risk. The group does not have any credit facilities with its bankers, any liquidity and cash flow risks are met through the company maintaining positive cash balances.

The group's only exposure to foreign exchange risk, are the inter-company loans between group members, and also with other associated overseas companies. In the UK.

There is a risk that this uncertainty will lead to a reduction in the appetite for trading and therefore reduced demand for the courses the company offers Another risk for the company is the increased competition in the industry and the tighter regulation that is happening across Europe in the financial sector.

There is a risk to the Group as there are excess liabilities over assets, this is mitigated by support that the Group receives from the Ultimate Beneficial Owner and Related Parties. Note 2 to the Financial Statements addresses this point.

ON BEHALF OF THE BOARD:





G J Secker - Director


13 August 2024

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2022


The director presents his report with the financial statements of the company and the group for the year ended 31 December 2022.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2022.

FUTURE DEVELOPMENTS
The Knowledge to Action Group is optimistic for the future with the adjustment of marketing strategy to a more focused approach. This allied to a constant close control of costs should see continued profits in 2022. Although the general economic outlook looks mixed in the UK at present, we are forecasting good growth in the area of financial training as the markets become increasingly complex.

DIRECTOR
G J Secker held office during the whole of the period from 1 January 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2022


AUDITORS
The auditors, CBHC Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:




G J Secker - Director


13 August 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KNOWLEDGE TO ACTION (HOLDINGS) LIMITED


Opinion
We have audited the financial statements of Knowledge to Action (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2022 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2022 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty related to going concern
We draw attention to note 2 in the financial statements, which indicates that there is a net liability position on the Balance Sheet of £5,624,288 . As stated in note 2, these events or conditions, along with the 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.

In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KNOWLEDGE TO ACTION (HOLDINGS) LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KNOWLEDGE TO ACTION (HOLDINGS) LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and group entities through discussion with the group's management.

The group's reporting framework relevant to the company is FRS 102 and the Companies Act 2006
The group is also required to follow the employment legislation and laws, along with health and safety regulations. The group has sufficient policies and procedures in place to ensure that these are complied with.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations above.

We made enquiries of those charged with compliance to determine any issues arising. We corroborated our findings by reviewing Board Minutes, correspondence with Companies House and reviewing any necessary legal documentation. Nothing was noted that contradicted the explanations given to us.
Financial Statement disclosures were tested for completeness.

We assessed the risks of material misstatement in respect of fraud as being low due to the nature of the business. We made enquires relating to fraud with the group's management.

We considered the risk of fraud through management override and, in response, we incorporated testing of manual journals throughout the year and reviewed any unusual transactions throughout our audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
KNOWLEDGE TO ACTION (HOLDINGS) LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Peter Sartain FCCA (Senior Statutory Auditor)
for and on behalf of CBHC Limited
Suite 3 Hamilton Centre
Rodney Way
Chelmsford
CM1 3BY

14 August 2024

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

CONSOLIDATED
STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £    £    £   

TURNOVER 3 27,711,201 19,075,240

Cost of sales 22,134,458 11,578,329
GROSS PROFIT 5,576,743 7,496,911

Distribution costs 92,775 99,484
Administrative expenses 5,067,870 6,940,125
5,160,645 7,039,609
416,098 457,302

Other operating income 844,336 294,924
OPERATING PROFIT 5 1,260,434 752,226

Interest receivable and similar income 361,249 345,736
1,621,683 1,097,962

Interest payable and similar expenses 6 59,618 142,280
PROFIT BEFORE TAXATION 1,562,065 955,682

Tax on profit 7 74,727 50,433
PROFIT FOR THE FINANCIAL YEAR 1,487,338 905,249

OTHER COMPREHENSIVE INCOME
Reserves movement (5,565 ) (367,197 )
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

(5,565

)

(367,197

)
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,481,773

538,052

Profit attributable to:
Owners of the parent 1,487,338 905,249

Total comprehensive income attributable to:
Owners of the parent 1,481,773 538,052

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

CONSOLIDATED
STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31 DECEMBER 2022

31/12/22 31/12/21
£    £   

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

CONSOLIDATED BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 15,899 42,066
Investments 10
Interest in joint venture
Share of gross assets 1,203,287 1,203,287
1,203,287 1,203,287
Other investments 120,000 120,000
1,339,186 1,365,353

CURRENT ASSETS
Debtors 11 8,903,716 16,928,402
Cash at bank 730,023 964,006
9,633,739 17,892,408
CREDITORS
Amounts falling due within one year 12 16,597,213 26,354,993
NET CURRENT LIABILITIES (6,963,474 ) (8,462,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,624,288

)

(7,097,232

)

CREDITORS
Amounts falling due after more than one year 13 - 8,829
NET LIABILITIES (5,624,288 ) (7,106,061 )

CAPITAL AND RESERVES
Called up share capital 14 300 300
Other reserves 15 (1,136,310 ) (1,130,745 )
Retained earnings 15 (4,488,278 ) (5,975,616 )
SHAREHOLDERS' FUNDS (5,624,288 ) (7,106,061 )

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





G J Secker - Director


KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

COMPANY BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 - -
Investments 10 1,383,026 1,383,026
1,383,026 1,383,026

CURRENT ASSETS
Debtors 11 98,424 98,424

CREDITORS
Amounts falling due within one year 12 1,581,320 1,574,782
NET CURRENT LIABILITIES (1,482,896 ) (1,476,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(99,870

)

(93,332

)

CAPITAL AND RESERVES
Called up share capital 14 300 300
Retained earnings (100,170 ) (93,632 )
SHAREHOLDERS' FUNDS (99,870 ) (93,332 )

Company's loss for the financial year (6,538 ) (31,152 )

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





G J Secker - Director


KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   
Balance at 1 January 2021 300 (7,644,413 ) - (7,644,113 )

Changes in equity
Total comprehensive income - 1,668,797 (1,130,745 ) 538,052
Balance at 31 December 2021 300 (5,975,616 ) (1,130,745 ) (7,106,061 )

Changes in equity
Total comprehensive income - 1,487,338 (5,565 ) 1,481,773
Balance at 31 December 2022 300 (4,488,278 ) (1,136,310 ) (5,624,288 )

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2021 300 (62,480 ) (62,180 )

Changes in equity
Total comprehensive income - (31,152 ) (31,152 )
Balance at 31 December 2021 300 (93,632 ) (93,332 )

Changes in equity
Total comprehensive income - (6,538 ) (6,538 )
Balance at 31 December 2022 300 (100,170 ) (99,870 )

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (295,741 ) (1,655,421 )
Interest paid (59,618 ) (142,280 )
Tax paid 5,595 (84,219 )
Net cash from operating activities (349,764 ) (1,881,920 )

Cash flows from investing activities
Interest received 361,249 345,736
Net cash from investing activities 361,249 345,736

Cash flows from financing activities
Amount introduced by directors - 1,366,994
Amount withdrawn by directors (245,468 ) -
Net cash from financing activities (245,468 ) 1,366,994

Decrease in cash and cash equivalents (233,983 ) (169,190 )
Cash and cash equivalents at beginning of
year

2

964,006

1,133,196

Cash and cash equivalents at end of year 2 730,023 964,006

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2022


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
31/12/22 31/12/21
£    £   
Profit before taxation 1,562,065 955,682
Depreciation charges 26,167 45,362
Decrease in amounts owed to related part (5,565 ) (417,630 )
Finance costs 59,618 142,280
Finance income (361,249 ) (345,736 )
1,281,036 379,958
Decrease/(increase) in trade and other debtors 8,024,686 (9,324,072 )
(Decrease)/increase in trade and other creditors (9,601,463 ) 7,288,693
Cash generated from operations (295,741 ) (1,655,421 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2022
31/12/22 1/1/22
£    £   
Cash and cash equivalents 730,023 964,006
Year ended 31 December 2021
31/12/21 1/1/21
£    £   
Cash and cash equivalents 964,006 1,133,196


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/22 Cash flow At 31/12/22
£    £    £   
Net cash
Cash at bank 964,006 (233,983 ) 730,023
964,006 (233,983 ) 730,023
Total 964,006 (233,983 ) 730,023

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


1. STATUTORY INFORMATION

Knowledge to Action (Holdings) 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

Going concern

There is a net liabilities position on the balance sheet amounting to £5,624,288 (2021: £7,106,061), which may cast doubt over the company's ability to continue as a going concern..

The group has become profitable in 2021 and 2022 making a group profit of £1,481,773 (2021: £538,052) and continues to rebuild trade post COVID. The directors forecast that the company will continue to be profitable in future periods which will enable the group companies to continue to meet their liabilities as they fall due.

Considering the improved trading position, the continued support of the director and support of other connected and associated entities, the director is satisfied that the Group has adequate financial resources to continue to trade and develop the business. For these reasons, the director believes that it is appropriate to continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. lntercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

Joint ventures
An entity is treated as a joint venture where the Group is a party to a contractual agreement with one or more parties from outside the Group to undertake an economic activity that is subject to joint control.

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


2. ACCOUNTING POLICIES - continued

Associates
An entity is treated as an associated undertaking where the Group exercises significant influence in that it has the power to participate in the operating and financial policy decisions.

In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The Consolidated statement of comprehensive income includes the Group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the Group. In the Consolidated balance sheet, the interests in associated undertakings are shown as the Group's share of the identifiable net assets, including any unamortised premium paid on acquisition.

Any premium on acquisition is dealt with in accordance with the goodwill policy.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the Statement of Financial Position date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. On this background, the directors consider there to be judgments applied only on depreciation policy of the fixed assets and the depreciation rates are based upon the expected useful life of the assets. There are no other judgments in any other accounting policies that might have a material effect on the balances held at the Statement of Financial Position date.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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, therefore any trade debtor balances as at the balance sheet date will also be deferred.

Deposits held for a period in excess of twelve months will continued 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 each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 50% on cost

Financial instruments
The Group 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.

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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 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.

Foreign currencies
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Pension costs and other post-retirement benefits
The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in the Consolidated statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


2. ACCOUNTING POLICIES - continued

Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Group but are presented separately due to their size or incidence.

Debtors and creditors
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.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

31/12/22 31/12/21
£    £   
Training and coaching services 27,711,201 19,075,240
27,711,201 19,075,240

An analysis of turnover by geographical market is given below:

31/12/22 31/12/21
£    £   
United Kingdom 8,484,857 7,692,605
Rest of the world 19,226,344 11,382,635
27,711,201 19,075,240

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


4. EMPLOYEES AND DIRECTORS
31/12/22 31/12/21
£    £   
Wages and salaries 1,511,385 1,105,109
Social security costs 305,249 248,006
1,816,634 1,353,115

The average number of employees during the year was as follows:
31/12/22 31/12/21

Administration and client services 6 5
Sales, marketing and events 15 15
Finance and IT 3 5
Director 1 1
25 26

The average number of employees by undertakings that were proportionately consolidated during the year was 25 (2021 - 26 ) .

31/12/22 31/12/21
£    £   
Director's remuneration 22,500 50,000

5. OPERATING PROFIT

The operating profit is stated after charging:

31/12/22 31/12/21
£    £   
Other operating leases 62,445 124,698
Depreciation - owned assets 26,167 45,362
Auditors remuneration 30,194 50,240
Foreign exchange differences 244,236 -

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31/12/22 31/12/21
£    £   
Interest payable 59,618 142,280

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/12/22 31/12/21
£    £   
Current tax:
Overseas tax 74,727 50,433
Tax on profit 74,727 50,433

Tax effects relating to effects of other comprehensive income

31/12/22
Gross Tax Net
£    £    £   
Reserves movement (5,565 ) - (5,565 )

31/12/21
Gross Tax Net
£    £    £   
Reserves movement (367,197 ) - (367,197 )

8. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


9. TANGIBLE FIXED ASSETS

Group
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022
and 31 December 2022 67,337 130,833 13,208 211,378
DEPRECIATION
At 1 January 2022 67,337 88,767 13,208 169,312
Charge for year - 26,167 - 26,167
At 31 December 2022 67,337 114,934 13,208 195,479
NET BOOK VALUE
At 31 December 2022 - 15,899 - 15,899
At 31 December 2021 - 42,066 - 42,066

10. FIXED ASSET INVESTMENTS

Group Company
31/12/22 31/12/21 31/12/22 31/12/21
£    £    £    £   
Shares in group undertakings - - 1,383,026 1,383,026
Participating interests 1,203,287 1,203,287 - -
Other investments not loans 120,000 120,000 - -
1,323,287 1,323,287 1,383,026 1,383,026

Additional information is as follows:

Group
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

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


10. FIXED ASSET INVESTMENTS - continued

Group

Investments (neither listed nor unlisted) were as follows:
31/12/22 31/12/21
£    £   
Other investments 120,000 120,000
Company
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 1,383,026
NET BOOK VALUE
At 31 December 2022 1,383,026
At 31 December 2021 1,383,026

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Knowledge to Action Limited
Registered office: UK
Nature of business: Training and coaching services
%
Class of shares: holding
Ordinary 100.00
31/12/22 31/12/21
£    £   
Aggregate capital and reserves (4,964,917 ) (5,280,731 )
Profit for the year 315,814 667,927

Learn to Trade Pty Limited
Registered office: Australia
Nature of business: Training and coaching services
%
Class of shares: holding
Ordinary 100.00
31/12/22 31/12/21
£    £   
Aggregate capital and reserves 1,370,968 108,478
Profit for the year 1,268,049 349,567

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


10. FIXED ASSET INVESTMENTS - continued

Live Trading Floor Limited
Registered office: UK
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31/12/22 31/12/21
£    £   
Aggregate capital and reserves 94,819 94,819

Investment Marketing Solutions Limited
Registered office: UK
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31/12/22 31/12/21
£    £   
Aggregate capital and reserves (6,551 ) (6,551 )

FX Capital MA Limited
Registered office: UK
Nature of business: Currency trading portfolio manager
%
Class of shares: holding
Ordinary 100.00
31/12/22 31/12/21
£    £   
Aggregate capital and reserves (638,356 ) (546,740 )
Loss for the year (91,616 ) (82,114 )


KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31/12/22 31/12/21 31/12/22 31/12/21
£    £    £    £   
Trade debtors 1,683,937 754,233 135 135
Amounts owed by related parties 6,961,505 4,580,452 - -
Amounts owed by group undertakings - - 3,900 3,900
Amounts owed by participating interests - - - 94,389
Other debtors 146,230 147,318 - -
Related Parties - 11,378,346 94,389 -
VAT 30,197 - - -
Prepayments 81,847 68,053 - -
8,903,716 16,928,402 98,424 98,424

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31/12/22 31/12/21 31/12/22 31/12/21
£    £    £    £   
Trade creditors 2,282,411 1,253,101 - -
Amounts owed to group undertakings - - 1,542,057 1,535,519
Taxation 1,588,716 1,499,565 - -
Social security and other taxes 72,394 69,863 - -
VAT - 511,930 - -
Other creditors 95,101 344,111 - -
Amounts owed by related parties 6,052,964 12,683,240 - -
Directors' current accounts 793,026 1,038,494 - -
Accruals and deferred income 5,514,513 8,591,524 - -
Accrued expenses 198,088 363,165 39,263 39,263
16,597,213 26,354,993 1,581,320 1,574,782

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
31/12/22 31/12/21
£    £   
Taxation - 8,829

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/22 31/12/21
value: £    £   
300 Ordinary 1 300 300

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


15. RESERVES

Group
Retained Other
earnings reserves Totals
£    £    £   

At 1 January 2022 (5,975,616 ) (1,130,745 ) (7,106,361 )
Profit for the year 1,487,338 1,487,338
Exchange rate difference - (5,565 ) (5,565 )
At 31 December 2022 (4,488,278 ) (1,136,310 ) (5,624,588 )


16. RELATED PARTY DISCLOSURES

The below amounts were owed by/(to) Related Parties by the Group as at the balance sheet date:

Debtor Balances 2022 2021
£ £
Smart Charts (Malta) 5,870,488 4,140,054
The Greg Secker Foundation 193,368 186,568
K2AF Trading Limited 41,097 37,459
Learn to Trade Limited 124,819 95,489
Capital Index Holdings Limited 26,028 25,317
Learn to Trade International Holdings Limited 69,413 55,912
Learn to Trade Pty Limited (South Africa) 344,045
Schubi Computer Software Trading LLC 39,654 39,654
EMC Events 254,125
Learn To Trade Smart Charts Consulting (Philippines) (1,532 )

6,961,505 4,580,453


Creditor Balances

2022 2021
£ £
Smart Charts Malta 3,447,309 -
Learn to Trade (Philippines) 213,754 219,216
Capital Index Global Limited 414,148 219,335
EmpowerU 1,192,940 701,672
Smart Charts SC Limited 784,813 159,540
Learn to Trade PTY Limited (South Africa) 5,133
6,052,965 1,085,561

KNOWLEDGE TO ACTION (HOLDINGS) LIMITED (REGISTERED NUMBER: 06952258)

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


17. ULTIMATE CONTROLLING PARTY

The controlling party is G J Secker.

At the year end the director of the company was owed £793,027 ( 2021: £1,038,494).