Company registration number 10438714 (England and Wales)
TWINKL (GLOBAL HOLDINGS) LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TWINKL (GLOBAL HOLDINGS) LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
TWINKL (GLOBAL HOLDINGS) LTD
STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Non-current assets
Investments
3
3,631,285
11,261,107
Current assets
-
-
Current liabilities
4
(3,646,800)
(11,268,388)
Net current liabilities
(3,646,800)
(11,268,388)
Net liabilities
(15,515)
(7,281)
Equity
Called up share capital
1,000
1,000
Retained earnings
(16,515)
(8,281)
Total equity
(15,515)
(7,281)

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 January 2025 and are signed on its behalf by:
Mr J W Seaton
Director
Company registration number 10438714 (England and Wales)
TWINKL (GLOBAL HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Twinkl (Global Holdings) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Wards Exchange, Ecclesall Road, Sheffield, S11 8HW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Wild Peak Holdings Limited. These consolidated financial statements are available from its registered office, Wards Exchange, Ecclesall Road, Sheffield, S11 8HW.

1.2
Non-current investments

Investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

TWINKL (GLOBAL HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include other receivables, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
53
53
Other investments other than loans
3,631,232
11,261,054
3,631,285
11,261,107
TWINKL (GLOBAL HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
3
Fixed asset investments
(Continued)
- 4 -
Movements in non-current investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 May 2023
53
11,261,054
11,261,107
Additions
-
545,722
545,722
Impairment
-
(8,175,544)
(8,175,544)
At 30 April 2024
53
3,631,232
3,631,285
Carrying amount
At 30 April 2024
53
3,631,232
3,631,285
At 30 April 2023
53
11,261,054
11,261,107

During the year, an impairment assessment was conducted on the investment portfolio which resulted in an impairment charge of £8,175,544.

As a consequence of this impairment, the recoverability of inter-group loans advanced to Twinkl (Global Holdings) Limited was also reassessed. Following this review, write-off of inter-group loans totalling £8,175,544 was recognised. This amount is shown in other gains and losses.

4
Current liabilities
2024
2023
£
£
Amounts owed to group undertakings
3,642,024
11,260,588
Other payables
4,776
7,800
3,646,800
11,268,388
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

TWINKL (GLOBAL HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
5
Audit report information
(Continued)
- 5 -
Senior Statutory Auditor:
Lisa Leighton
Statutory Auditor:
BHP LLP
Date of audit report:
30 January 2025
6
Parent company

The direct parent company is Star Pupil Bidco Limited. The ultimate controlling party is viewed to be J W Seaton who has a majority shareholding in Wild Peak Holdings Limited.

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