Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false2024-01-01No description of principal activity90falsetruefalse 14694561 2024-01-01 2024-12-31 14694561 2023-01-01 2023-12-31 14694561 2024-12-31 14694561 2023-12-31 14694561 c:Director1 2024-01-01 2024-12-31 14694561 c:Director2 2024-01-01 2024-12-31 14694561 c:Director3 2024-01-01 2024-12-31 14694561 c:Director4 2024-01-01 2024-12-31 14694561 c:Director4 2024-12-31 14694561 c:RegisteredOffice 2024-01-01 2024-12-31 14694561 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 14694561 d:Buildings d:ShortLeaseholdAssets 2024-12-31 14694561 d:Buildings d:ShortLeaseholdAssets 2023-12-31 14694561 d:PlantMachinery 2024-01-01 2024-12-31 14694561 d:PlantMachinery 2024-12-31 14694561 d:PlantMachinery 2023-12-31 14694561 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14694561 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14694561 d:CurrentFinancialInstruments 2024-12-31 14694561 d:CurrentFinancialInstruments 2023-12-31 14694561 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14694561 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14694561 d:ShareCapital 2024-12-31 14694561 d:ShareCapital 2023-12-31 14694561 d:RetainedEarningsAccumulatedLosses 2024-12-31 14694561 d:RetainedEarningsAccumulatedLosses 2023-12-31 14694561 c:FRS102 2024-01-01 2024-12-31 14694561 c:Audited 2024-01-01 2024-12-31 14694561 c:FullAccounts 2024-01-01 2024-12-31 14694561 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14694561 d:WithinOneYear 2024-12-31 14694561 d:WithinOneYear 2023-12-31 14694561 d:BetweenOneFiveYears 2024-12-31 14694561 d:BetweenOneFiveYears 2023-12-31 14694561 d:MoreThanFiveYears 2024-12-31 14694561 d:MoreThanFiveYears 2023-12-31 14694561 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14694561 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 14694561







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


TLE AT WEYBRIDGE UK LIMITED






































img497a.png                        

 


TLE AT WEYBRIDGE UK LIMITED
 


 
COMPANY INFORMATION


Directors
S Levine 
S Paine 
R Weissman 
B Alexander (resigned 16 February 2024)




Registered number
14694561



Registered office
4th Floor
95 Gresham Street

London

EC2V 7AB




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

95 Gresham Street

London

EC2V 7AB





 


TLE AT WEYBRIDGE UK LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 6


 


TLE AT WEYBRIDGE UK LIMITED
REGISTERED NUMBER:14694561



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Unaudited
 2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,127,576
-

  
1,127,576
-

Current assets
  

Debtors: amounts falling due within one year
 5 
14,598
100

Cash at bank and in hand
 6 
15,793
-

  
30,391
100

Creditors: amounts falling due within one year
 7 
(352,482)
-

Net current (liabilities)/assets
  
 
 
(322,091)
 
 
100

Total assets less current liabilities
  
805,485
100

  

Net assets
  
805,485
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
805,385
-

  
805,485
100


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: 




S Levine
Director

Date: 28 March 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


TLE AT WEYBRIDGE UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

TLE at Weybridge UK Limited is a private company, limited by shares, incorporated in England in Wales under the Companies Act 2006. The address of the registered office is disclosed on the company information page and the principal place of business is 58 Church St, Weybridge, KT13 8DP.

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 has full support from its parent company, The Learning Experience Corporation, enabling the company to meet its liabilities as they full due.
The Learning Experience Corporation has indicated its intention to provide funding support without restriction for a period of at least 12 months from the approval of these financial statements. The Directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

 
2.3

Revenue

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.
Tuition revenue is recognised in the period in which the services are provided. Payments received in advance are deferred into the period in which they relate.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

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 2

 


TLE AT WEYBRIDGE UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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:

Short-term leasehold property
-
Over the life of the lease
Plant and machinery
-
33%
straight line

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.


3.


Employees

2024
Unaudited
2023
£
£

Wages and salaries
55,333
-

Social security costs
4,637
-

Cost of defined contribution scheme
1,353
-

61,323
-


The average monthly number of employees, including the Directors on the payroll, during the year was 9 (2023 - 0).

Page 3

 


TLE AT WEYBRIDGE UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 January 2024
-
-
-


Additions
1,135,232
6,613
1,141,845



At 31 December 2024

1,135,232
6,613
1,141,845



Depreciation


At 1 January 2024
-
-
-


Charge for the year on owned assets
13,902
367
14,269



At 31 December 2024

13,902
367
14,269



Net book value



At 31 December 2024
1,121,330
6,246
1,127,576



At 31 December 2023
-
-
-

Page 4

 


TLE AT WEYBRIDGE UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
Unaudited
2023
£
£


Trade debtors
7,656
-

Amounts owed by group undertakings
100
100

Other debtors
100
-

Prepayments and accrued income
6,742
-

14,598
100



6.


Cash and cash equivalents

2024
Unaudited
2023
£
£

Cash at bank and in hand
15,793
-

15,793
-



7.


Creditors: Amounts falling due within one year

2024
Unaudited
2023
£
£

Trade creditors
597
-

Amounts owed to group undertakings
178,538
-

Accruals and deferred income
173,347
-

352,482
-



8.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
448,705
-

Later than 1 year and not later than 5 years
1,794,820
-

Later than 5 years
6,608,428
-

8,851,953
-

Page 5

 


TLE AT WEYBRIDGE UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Parent company

The parent of the smallest group for which consolidated financial statements are drawn up is The Learning Experience Systems UK Limited. The address of their registered office is: 4th Floor, 95 Gresham Street, London, EC2V 7AB.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 28 March 2025 by Sarah Hallam FCCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 6