Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3000falseNo description of principal activityfalse2023-07-01false28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.23true 09570924 2023-07-01 2024-06-30 09570924 2022-07-01 2023-06-30 09570924 2024-06-30 09570924 2023-06-30 09570924 c:Director4 2023-07-01 2024-06-30 09570924 c:Director5 2023-07-01 2024-06-30 09570924 c:Director7 2023-07-01 2024-06-30 09570924 c:RegisteredOffice 2023-07-01 2024-06-30 09570924 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 09570924 d:Buildings d:ShortLeaseholdAssets 2024-06-30 09570924 d:Buildings d:ShortLeaseholdAssets 2023-06-30 09570924 d:PlantMachinery 2023-07-01 2024-06-30 09570924 d:ComputerEquipment 2023-07-01 2024-06-30 09570924 d:ComputerEquipment 2024-06-30 09570924 d:ComputerEquipment 2023-06-30 09570924 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09570924 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09570924 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 09570924 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 09570924 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 09570924 d:Goodwill 2023-07-01 2024-06-30 09570924 d:Goodwill 2024-06-30 09570924 d:Goodwill 2023-06-30 09570924 d:CurrentFinancialInstruments 2024-06-30 09570924 d:CurrentFinancialInstruments 2023-06-30 09570924 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09570924 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09570924 d:ShareCapital 2024-06-30 09570924 d:ShareCapital 2023-06-30 09570924 d:SharePremium 2024-06-30 09570924 d:SharePremium 2023-06-30 09570924 d:RetainedEarningsAccumulatedLosses 2024-06-30 09570924 d:RetainedEarningsAccumulatedLosses 2023-06-30 09570924 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09570924 c:OrdinaryShareClass1 2024-06-30 09570924 c:OrdinaryShareClass1 2023-06-30 09570924 c:FRS102 2023-07-01 2024-06-30 09570924 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09570924 c:FullAccounts 2023-07-01 2024-06-30 09570924 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09570924 d:WithinOneYear 2024-06-30 09570924 d:WithinOneYear 2023-06-30 09570924 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2023-07-01 2024-06-30 09570924 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2023-07-01 2024-06-30 09570924 2 2023-07-01 2024-06-30 09570924 4 2023-07-01 2024-06-30 09570924 d:InternallyGeneratedIntangibleAssets 2023-07-01 2024-06-30 09570924 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 09570924 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-07-01 2024-06-30 09570924 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 09570924







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


LEARNPRO EFIRESERVICE LIMITED






































img357d.png                        

 


LEARNPRO EFIRESERVICE LIMITED
 


 
COMPANY INFORMATION


Directors
C Karayannis 
S P Layzell 
M P Truby 




Registered number
09570924



Registered office
A2 Building R1010
Cody Technology Park

Ively Road

Farnborough

England

GU14 0LX




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


LEARNPRO EFIRESERVICE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 10


 


LEARNPRO EFIRESERVICE LIMITED
REGISTERED NUMBER:09570924



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,428,288
1,515,045

Tangible assets
 5 
47,995
60,270

  
1,476,283
1,575,315

Current assets
  

Debtors: amounts falling due within one year
 6 
3,367,901
3,662,431

Cash at bank and in hand
  
522,795
108,974

  
3,890,696
3,771,405

Creditors: amounts falling due within one year
 7 
(4,153,961)
(3,997,028)

Net current liabilities
  
 
 
(263,265)
 
 
(225,623)

Total assets less current liabilities
  
1,213,018
1,349,692

Provisions for liabilities
  

Deferred tax
  
(49,955)
(11,467)

  
 
 
(49,955)
 
 
(11,467)

Net assets
  
1,163,063
1,338,225


Capital and reserves
  

Allotted, called up and fully paid share capital
 8 
10,336
10,336

Share premium account
  
991,625
991,625

Profit and loss account
  
161,102
336,264

  
1,163,063
1,338,225


Page 1

 


LEARNPRO EFIRESERVICE LIMITED
REGISTERED NUMBER:09570924


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 479A of the Companies Act 2006.

The members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors consider the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


M P Truby
Director

Date: 20 December 2024

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 


LEARNPRO EFIRESERVICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

LearnPro eFireService Limited is a private company, limited by shares and registered in England and Wales. The Company's registered number and office address can be found on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company achieved a loss before tax of £133,736 (2023: £556,197 profit before tax) and has net assets of      £1,163,063 (2023: £1,338,225) at 30 June 2024. However at the year end the company has net current liabilities of £263,265 (2023: £225,623).  
The application of the going concern basis in preparing the financial statements has been critically analysed and reviewed to determine its viability. The company is reliant upon the continued support of the group to not call upon intercompany debt and provide financial support if required. After reviewing the group’s budget for the next 12 months and stress testing it with risks, together with obtaining assurance from the group that it is able and willing to provide financial support if required, the directors, at the time of approving the financial statements, have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have used the going concern basis in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 


LEARNPRO EFIRESERVICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue consists of software licence fees and related development. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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.

Amounts recoverable on long term contracts, which are included in accrued income, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in deferred income in creditors amounts falling due within one year.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is capitalised and amortised over the period during which the company is expected to benefit.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 


LEARNPRO EFIRESERVICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Exceptional items

Items that are deemed material in size and non-operating, non-recurring in nature or incurred solely as a result of the Company's ownership structure are presented as exceptional items in the Statement of income and retained earnings. The directors are of the opinion that the separate reporting of these items provides a better understanding of the underlying performance of the Company. 

 
2.10

Intangible assets

Goodwill

Positive goodwill arising on acquisitions is capitalised and classified as an asset on the balance. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Development expenditure
-
over 5 years
Goodwill
-
over 10 years 

Page 5

 


LEARNPRO EFIRESERVICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
over the shorter of the life of the lease and 5 years
Office and IT Equipment
-
over 2 to 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

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 ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 23).

Page 6

 


LEARNPRO EFIRESERVICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Development expenditure
Goodwill
Total

£
£
£



Cost


At 1 July 2023
531,753
2,000,993
2,532,746


Additions - internal
234,023
-
234,023



At 30 June 2024

765,776
2,000,993
2,766,769



Amortisation


At 1 July 2023
70,025
947,676
1,017,701


Charge for the year
120,133
200,647
320,780



At 30 June 2024

190,158
1,148,323
1,338,481



Net book value



At 30 June 2024
575,618
852,670
1,428,288



At 30 June 2023
461,728
1,053,317
1,515,045



Page 7

 


LEARNPRO EFIRESERVICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Short-term leasehold property
Office and IT equipment
Total

£
£
£



Cost


At 1 July 2023
12,581
76,541
89,122


Additions
-
4,516
4,516



At 30 June 2024

12,581
81,057
93,638



Depreciation


At 1 July 2023
8,657
20,195
28,852


Charge for the year
2,523
14,268
16,791



At 30 June 2024

11,180
34,463
45,643



Net book value



At 30 June 2024
1,401
46,594
47,995



At 30 June 2023
3,924
56,346
60,270


6.


Debtors

2024
2023
£
£


Trade debtors
279,208
301,637

Amounts owed by group undertakings
2,715,060
3,062,597

Other debtors
49,021
-

Prepayments and accrued income
161,448
135,033

Tax recoverable
163,164
163,164

3,367,901
3,662,431


Page 8

 


LEARNPRO EFIRESERVICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
238,373
275,922

Amounts owed to group undertakings
1,815,024
1,832,126

Corporation tax
-
11,779

Other taxation and social security
124,416
92,106

Other creditors
42,680
20,297

Accruals and deferred income
1,933,468
1,764,798

4,153,961
3,997,028



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,336 (2023 - 10,336) Ordinary shares of £1.00 each
10,336
10,336

Each share is entitled to one vote in any circumstance, pari passu to any distributions and to participate in a distribution arising from a winding up of the company.



9.


Contingent liabilities

The Company has given Santander UK Plc a cross guarantee in favour of the parent company LearnPro Group Limited. The total liability of LearnPro Group Limited to Santander UK Plc as at 30 June 2024 was £4,675,359 (2023: £5,334,553). In addition a fixed and floating charge exists over all the assets, property and undertaking of the Company. 


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £79,061 (2023 - £58,440). Contributions totalling £18,900 (2023 - £14,404) were payable to the fund at the reporting date.

Page 9

 


LEARNPRO EFIRESERVICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Total future minimum payments under non-cancellable operating leases
19,205
22,073

19,205
22,073


12.


Controlling party

The Company's immediate parent company is LearnPro Group Limited, incorporated in England. The ultimate parent company is Project Atlantis Topco Limited whose registered office is 6 Warwick Street, London, United Kingdom, W1B 5LX. 
The smallest group of companies in which the Company is consolidated is LearnPro Group Limited and can be found at Companies House.
The largest group of companies in which the Company is consolidated is that headed by Project Atlantis Topco Limited. Copies of the group accounts for Project Atlantis Topco Limited may be obtained from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ. 
The Directors consider the ultimate controlling party to be M Salter. 
Page 10