Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-222023-09-0148falsetruefalseNo description of principal activity41trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05922136 2023-09-01 2024-08-31 05922136 2022-09-01 2023-08-31 05922136 2024-08-31 05922136 2023-08-31 05922136 2022-09-01 05922136 c:Director1 2023-09-01 2024-08-31 05922136 d:FurnitureFittings 2023-09-01 2024-08-31 05922136 d:FurnitureFittings 2024-08-31 05922136 d:FurnitureFittings 2023-08-31 05922136 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 05922136 d:ComputerEquipment 2023-09-01 2024-08-31 05922136 d:ComputerEquipment 2024-08-31 05922136 d:ComputerEquipment 2023-08-31 05922136 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 05922136 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 05922136 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-01 2024-08-31 05922136 d:PatentsTrademarksLicencesConcessionsSimilar 2024-08-31 05922136 d:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 05922136 d:CurrentFinancialInstruments 2024-08-31 05922136 d:CurrentFinancialInstruments 2023-08-31 05922136 d:Non-currentFinancialInstruments 2024-08-31 05922136 d:Non-currentFinancialInstruments 2023-08-31 05922136 c:OrdinaryShareClass1 2023-09-01 2024-08-31 05922136 c:OrdinaryShareClass1 2024-08-31 05922136 c:OrdinaryShareClass1 2023-08-31 05922136 c:OrdinaryShareClass2 2023-09-01 2024-08-31 05922136 c:OrdinaryShareClass2 2024-08-31 05922136 c:OrdinaryShareClass2 2023-08-31 05922136 c:FRS102 2023-09-01 2024-08-31 05922136 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05922136 c:FullAccounts 2023-09-01 2024-08-31 05922136 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05922136 d:WithinOneYear 2024-08-31 05922136 d:WithinOneYear 2023-08-31 05922136 d:BetweenOneFiveYears 2024-08-31 05922136 d:BetweenOneFiveYears 2023-08-31 05922136 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 05922136 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 05922136 d:TaxLossesCarry-forwardsDeferredTax 2024-08-31 05922136 d:TaxLossesCarry-forwardsDeferredTax 2023-08-31 05922136 d:OtherDeferredTax 2024-08-31 05922136 d:OtherDeferredTax 2023-08-31 05922136 2 2023-09-01 2024-08-31 05922136 6 2023-09-01 2024-08-31 05922136 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-09-01 2024-08-31 05922136 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05922136









PREMIER EDUCATION GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
PREMIER EDUCATION GROUP LIMITED
REGISTERED NUMBER: 05922136

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Fixed assets
  

Intangible assets
 4 
-
488

Tangible assets
 5 
44,577
28,449

Investments
 6 
3,408,508
3,120,555

  
3,453,085
3,149,492

Current assets
  

Debtors: amounts falling due within one year
 7 
167,787
272,127

Cash at bank and in hand
  
7,893
7,843

  
175,680
279,970

Creditors: amounts falling due within one year
 8 
(1,649,164)
(1,387,192)

Net current liabilities
  
 
 
(1,473,484)
 
 
(1,107,222)

Total assets less current liabilities
  
1,979,601
2,042,270

Creditors: amounts falling due after more than one year
  
-
(100,000)

  
1,979,601
1,942,270

Provisions for liabilities
  

Deferred taxation
 10 
(4,072)
-

  
 
 
(4,072)
 
 
-

Net assets
  
1,975,529
1,942,270


Capital and reserves
  

Called up share capital 
 11 
126,597
126,597

Share premium account
  
1,123,926
1,123,926

Profit and loss account
  
725,006
691,747

  
1,975,529
1,942,270


Page 1

 
PREMIER EDUCATION GROUP LIMITED
REGISTERED NUMBER: 05922136
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that 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: 



D J Batch
Director

Date: 22 May 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Premier Education Group Limited is a private limited company, incorporated in the England and Wales, registration number 05922136. The registered office is Stonebridge House, Chelmsford Road, Hatfield Heath, Essex, CM22 7BD.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

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

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The directors have considered the Company's and wider Premier Group's financial position at the time of signing the financial statements. This includes forecasts which show continued profitability, cash generation and that the Group will operate within the banking facilities.
Based on the above, the directors have concluded that the Company and Group will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of approval of these financial statements. They therefore continue to adopt the going concern basis in preparing the financial statements.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
- Management fees are recognised over the period to which the service relates
- Service fees are recognised over the period to which the service/support relates

Page 3

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.7

Interest income

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

 
2.8

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

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

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.


 
2.10

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:

Website
-
5
years

 
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.

Page 5

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
25%
per annum
Computer equipment
-
25%
per annum

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.18

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 non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 48 (2023 - 41).


4.


Intangible assets




Website

£



Cost


At 1 September 2023
18,887



At 31 August 2024

18,887



Amortisation


At 1 September 2023
18,399


Charge for the year on owned assets
488



At 31 August 2024

18,887



Net book value



At 31 August 2024
-



At 31 August 2023
488



Page 7

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 September 2023
16,932
50,727
67,659


Additions
2,291
29,349
31,640



At 31 August 2024

19,223
80,076
99,299



Depreciation


At 1 September 2023
14,906
24,304
39,210


Charge for the year on owned assets
2,412
13,100
15,512



At 31 August 2024

17,318
37,404
54,722



Net book value



At 31 August 2024
1,905
42,672
44,577



At 31 August 2023
2,026
26,423
28,449

Page 8

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 September 2023
2,917,448
687,481
3,604,929


Additions
287,953
-
287,953



At 31 August 2024

3,205,401
687,481
3,892,882



Impairment


At 1 September 2023
484,374
-
484,374



At 31 August 2024

484,374
-
484,374



Net book value



At 31 August 2024
2,721,027
687,481
3,408,508



At 31 August 2023
2,433,074
687,481
3,120,555

At 31 August 2024 the following were Subsidiary undertakings of the Company:
B11 Education Limited (trading) 
Game of Actual Life IP Limited (trading) *
Premier Sports Limited (trading) 
Premier Soccer Coaching Limited * (dormant) 
Premier Education Group International Limited (dormant) 
Premier Sportscoach Solutions Limited
Sweaty Mama Topco Ltd (dormant holding)
Sweaty Mama Ltd ** (trading)

 * subsidiary of Premier Sports Limited 
 ** subsidiary of Sweaty Mama Topco Ltd
The associate undertaking was The Educationwise Group Limited. 

Page 9

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Debtors

2024
2023
£
£


Trade debtors
14,659
16,707

Other debtors
2,809
52,940

Prepayments and accrued income
150,319
166,191

Deferred taxation
-
36,289

167,787
272,127



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
38,023
12,515

Amounts owed to group undertakings
1,416,072
1,145,561

Other taxation and social security
77,274
69,380

Other creditors
111,180
108,508

Accruals and deferred income
6,615
51,228

1,649,164
1,387,192



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
100,000

-
100,000


Page 10

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
36,289
168,254


Charged to profit or loss
(40,361)
(131,965)



At end of year
(4,072)
36,289

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(8,799)
-

Tax losses carried forward
3,390
36,289

Other
1,337
-

(4,072)
36,289


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



120,675,439 (2023 - 120,675,439) Ordinary shares of £0.001 each
120,675
120,675
5,921,608 (2023 - 5,921,608) B Ordinary shares of £0.001 each
5,922
5,922

126,597

126,597



12.


Share options

At the balance sheet date 500,000 (2023 - 500,000) share options on Ordinary Shares had been granted and are exercisable. A further 6,217,687 (2023 - 6,217,687) share options on B ordinary Shares have been granted. These vest on the attainment of performance conditions, which were not met at either 31 August 2024 or 31 August 2023. All options expire in 2028. 
The exercise price of the Ordinary Share options is 2p, and 3p for the B ordinary Share Options. 
Due to the options being for minority shareholdings in an unlisted company, the directors believe the shares had negligible market value and therefore no expense has been recognised in profit or loss in the current or preceding periods. 

Page 11

 
PREMIER EDUCATION GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

13.


Pension commitments

The Group contributes to independently administered personal pension plans for certain employees. The pension charge in respect of this scheme for the year was £25,127 (2023 - £16,793). Contributions totalling £11,108 (2023 - £8,508) were payable to the fund at the Balance Sheet date and are included in creditors.


14.


Commitments under operating leases

At 31 August 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
48,000
48,000

Later than 1 year and not later than 5 years
140,000
188,000

188,000
236,000


15.


Related party transactions

The Company has taken advantage of the exemption available under FRS 102 from the requirement to disclose transactions with its wholly owned subsidiaries. 


16.


Controlling party

There is no single ultimate controlling party.

 
Page 12