BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of an online learning platform to connect international authors, academics and publishers with individuals and institutions seeking knowledge and collaboration. 4 December 2024 2 2 NI684893 2024-01-31 NI684893 2023-01-31 NI684893 2022-01-31 NI684893 2023-02-01 2024-01-31 NI684893 2022-02-01 2023-01-31 NI684893 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI684893 uk-curr:PoundSterling 2023-02-01 2024-01-31 NI684893 uk-bus:AbridgedAccounts 2023-02-01 2024-01-31 NI684893 uk-core:ShareCapital 2024-01-31 NI684893 uk-core:ShareCapital 2023-01-31 NI684893 uk-core:SharePremium 2024-01-31 NI684893 uk-core:SharePremium 2023-01-31 NI684893 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI684893 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI684893 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI684893 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 NI684893 uk-bus:FRS102 2023-02-01 2024-01-31 NI684893 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-02-01 2024-01-31 NI684893 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-31 NI684893 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-31 NI684893 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 NI684893 2023-02-01 2024-01-31 NI684893 uk-bus:Director1 2023-02-01 2024-01-31 NI684893 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI684893
 
 
Lyra Learning Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 January 2024
Lyra Learning Ltd
Company Registration Number: NI684893
ABRIDGED BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 6,810 9,080
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Current Assets
Cash and cash equivalents - 61
Creditors: amounts falling due within one year (1,694) (1,140)
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Net Current Liabilities (1,694) (1,079)
───────── ─────────
Total Assets less Current Liabilities 5,116 8,001
 
Creditors:
amounts falling due after more than one year (520) (160)
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Net Assets 4,596 7,841
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Capital and Reserves
Called up share capital 500 500
Share premium account 24,975 24,975
Retained earnings (20,879) (17,634)
───────── ─────────
Equity attributable to owners of the company 4,596 7,841
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 4 December 2024 and signed on its behalf by
           
           
________________________________          
Ms Eva Grosman          
Director          
           



Lyra Learning Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
Lyra Learning Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI684893. The registered office of the company is 65-69 Dublin Road, Belfast, Co Antrim, BT2 7HG, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 January 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
Intangible assets are valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 0 years.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Research and development
Development expenditure is written off in the same financial year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2.
 
  2024 2023
  Number Number
 
Administrative 2 2
  ═════════ ═════════
       
4. Intangible assets
  Development  
  Costs Total
  £ £
Cost
At 1 February 2023 11,350 11,350
  ───────── ─────────
 
At 31 January 2024 11,350 11,350
  ───────── ─────────
Amortisation
At 1 February 2023 2,270 2,270
Charge for financial year 2,270 2,270
  ───────── ─────────
At 31 January 2024 4,540 4,540
  ───────── ─────────
Net book value
At 31 January 2024 6,810 6,810
  ═════════ ═════════
At 31 January 2023 9,080 9,080
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 January 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.