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Company No: 13165415 (England and Wales)

LUMINA LEARNING GROUP LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

LUMINA LEARNING GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

Contents

LUMINA LEARNING GROUP LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
LUMINA LEARNING GROUP LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
DIRECTOR Dr S G Desson
REGISTERED OFFICE The Columbia Centre
Station Road
Bracknell
RG12 1LP
United Kingdom
COMPANY NUMBER 13165415 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
United Kingdom
LUMINA LEARNING GROUP LTD

BALANCE SHEET

AS AT 31 MARCH 2024
LUMINA LEARNING GROUP LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 4 1,436,177 1,836,071
1,436,177 1,836,071
Current assets
Debtors 5 92 92
Investments 6 1,511,384 1,511,384
Cash at bank and in hand 9,877 2,000
1,521,353 1,513,476
Creditors: amounts falling due within one year 7 ( 1,264,130) ( 1,301,364)
Net current assets 257,223 212,112
Total assets less current liabilities 1,693,400 2,048,183
Net assets 1,693,400 2,048,183
Capital and reserves
Called-up share capital 8 1,157,092 1,157,092
Profit and loss account 536,308 891,091
Total shareholders' funds 1,693,400 2,048,183

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Lumina Learning Group Ltd (registered number: 13165415) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

Dr S G Desson
Director
LUMINA LEARNING GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
LUMINA LEARNING GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lumina Learning Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Columbia Centre, Station Road, , Bracknell, RG12 1LP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Employee benefits

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

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

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

4. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2023 2,003,240 2,003,240
Additions 809 809
At 31 March 2024 2,004,049 2,004,049
Accumulated amortisation
At 01 April 2023 167,169 167,169
Charge for the financial year 400,703 400,703
At 31 March 2024 567,872 567,872
Net book value
At 31 March 2024 1,436,177 1,436,177
At 31 March 2023 1,836,071 1,836,071

5. Debtors

2024 2023
£ £
Other debtors 92 92

6. Current asset investments

2024 2023
£ £
Other investments – at cost less impairment 1,511,384 1,511,384

7. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 898 0
Amounts owed to own subsidiaries 9,844 4,138
Amounts owed to director 517,500 570,000
Accruals 98,010 5,040
Other creditors 637,878 722,186
1,264,130 1,301,364

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,157,089 A ordinary shares of £ 1.00 each 1,157,089 1,157,089
1 B preference share of £ 1.00 1 1
1 C preference share of £ 1.00 1 1
1 D preference share of £ 1.00 1 1
3 3
1,157,092 1,157,092

9. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Balance loaned from Director to the Company 517,500 570,000

The loan has an interest rate of base rate plus 2% per annum. The loan is repayable on demand and included within creditors amounts falling due within one year.

Other related party transactions

2024 2023
£ £
Balance loaned from shareholders to the Company 623,500 676,000

The loan has an interest rate of base rate plus 2% per annum. The loan is repayable on demand and included within creditors amounts falling due within one year.