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REGISTERED NUMBER: 06071367 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EDUNATION LIMITED

EDUNATION LIMITED (REGISTERED NUMBER: 06071367)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EDUNATION LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr C C Swenson
Mr C Cohn





SECRETARY: Mr C C Swenson





REGISTERED OFFICE: Summerdale
Head Dyke Lane
Pilling
Preston
Lancashire
PR3 6SJ





REGISTERED NUMBER: 06071367 (England and Wales)





INDEPENDENT AUDITORS: RFM Audit Services LLP, Statutory Auditor
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

EDUNATION LIMITED (REGISTERED NUMBER: 06071367)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 723 851

CURRENT ASSETS
Debtors 5 161,365 72,816
Cash at bank 246,425 451,961
407,790 524,777
CREDITORS
Amounts falling due within one year 6 830,603 764,572
NET CURRENT LIABILITIES (422,813 ) (239,795 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(422,090

)

(238,944

)

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (423,090 ) (239,944 )
SHAREHOLDERS' FUNDS (422,090 ) (238,944 )

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 23 September 2024 and were signed on its behalf by:





Mr C C Swenson - Director


EDUNATION LIMITED (REGISTERED NUMBER: 06071367)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Edunation 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Fixtures and fittings - 15% on reducing balance

TAXATION
Taxation for the year 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 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 17 ) .

EDUNATION LIMITED (REGISTERED NUMBER: 06071367)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 3,794
DEPRECIATION
At 1 January 2023 2,943
Charge for year 128
At 31 December 2023 3,071
NET BOOK VALUE
At 31 December 2023 723
At 31 December 2022 851

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 160,915 71,448
Other debtors 450 1,368
161,365 72,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,278 884
Amounts owed to group undertakings 804,056 680,845
Taxation and social security 10,034 64,996
Other creditors 8,235 17,847
830,603 764,572

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

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

The Report of the Auditors was unqualified.

Sarah Flynn FCA (Senior Statutory Auditor)
for and on behalf of RFM Audit Services LLP, Statutory Auditor

EDUNATION LIMITED (REGISTERED NUMBER: 06071367)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. ULTIMATE CONTROLLING PARTY

Edunation Limited is a 100% subsidiary of Edunation Holdings Limited. The ultimate parent company is Nerdy Inc. a company formed in the USA.