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REGISTERED NUMBER: 06029246 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2023 to 30 September 2024

for

Interactive Education Solutions Limited

| Interactive Education Solutions Limited (Registered number: 06029246) |

Contents of the Financial Statements

for the Period 1 April 2023 to 30 September 2024

Page |

| Company Information | 1 |

| Abridged Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Interactive Education Solutions Limited |

Company Information

for the Period 1 April 2023 to 30 September 2024

| DIRECTOR: | Mrs M Kaur

| REGISTERED OFFICE: | Sfp 9 Ensign House Admirals Way

| Marsh Wall

| London

| E14 9XQ

| REGISTERED NUMBER: | 06029246 (England and Wales)

| ACCOUNTANTS: | Davies Archytas Accountants Ltd

| 14 The Oaks

| Clews Road

| Redditch

| Worcestershire

| B98 7ST

| Interactive Education Solutions Limited (Registered number: 06029246) |

Abridged Statement of Financial Position

30 September 2024

| 30.9.24 | 31.3.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,683 |  | 412,721 |  |

CURRENT ASSETS

Stocks | 10,040 |  | 168,399 |  |

Debtors | 413,122 |  | 1,139,851 |  |

Cash at bank and in hand | 369 |  | 15,004 |  |

423,531 |  | 1,323,254 |  |

CREDITORS

Amounts falling due within one year | 1,276,250 |  | 1,671,509 |  |

NET CURRENT LIABILITIES | (852,719 | ) | (348,255 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (848,036 | ) | 64,466 |  |

CREDITORS

Amounts falling due after more than one year | 26,280 |  | 368,287 |  |

NET LIABILITIES | (874,316 | ) | (303,821 | ) |

CAPITAL AND RESERVES

Called up share capital | 6 | 2 |  | 2 |  |

Revaluation reserve | 7 | - |  | 148,583 |  |

Retained earnings | (874,318 | ) | (452,406 | ) |

SHAREHOLDERS' FUNDS | (874,316 | ) | (303,821 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Interactive Education Solutions Limited (Registered number: 06029246) |

Abridged Statement of Financial Position - continued

30 September 2024

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the period ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2024 and were signed by:

Mrs M Kaur - Director

| Interactive Education Solutions Limited (Registered number: 06029246) |

Notes to the Financial Statements

for the Period 1 April 2023 to 30 September 2024

1. | STATUTORY INFORMATION

| Interactive Education Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Interactive Education Solutions Limited (Registered number: 06029246) |

Notes to the Financial Statements - continued

for the Period 1 April 2023 to 30 September 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 7 (2023 - 11 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 April 2023 | 504,748 |  |

| Additions | 1,312 |  |

| Disposals | (467,500 | ) |

| At 30 September 2024 | 38,560 |  |

| DEPRECIATION

| At 1 April 2023 | 92,027 |  |

| Charge for period | 1,619 |  |

| Eliminated on disposal | (59,769 | ) |

| At 30 September 2024 | 33,877 |  |

| NET BOOK VALUE

| At 30 September 2024 | 4,683 |  |

| At 31 March 2023 | 412,721 |  |

5. | LOANS

| An analysis of the maturity of loans is given below:

| 30.9.24 |  | 31.3.23

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 41,272 |  | 105,172 |  |

| Other loans | 15,500 |  | - |  |

56,772 |  | 105,172 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 26,280 |  | 105,172 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 263,115 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.24 |  | 31.3.23

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

| Interactive Education Solutions Limited (Registered number: 06029246) |

Notes to the Financial Statements - continued

for the Period 1 April 2023 to 30 September 2024

7. | RESERVES

| Revaluation

| reserve

£ |

| At 1 April 2023 | 148,583 |  |

| Sale of property | (148,583 | ) |

| At 30 September 2024 | - |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the period ended 30 September 2024 and the year ended 31 March 2023:

| 30.9.24 |  | 31.3.23

£ | £ |

| Mrs M Kaur

| Balance outstanding at start of period | 53,065 |  | 52,054 |  |

| Amounts advanced | 45,422 |  | 15,386 |  |

| Amounts repaid | (34,306 | ) | (14,375 | ) |

| Amounts written off | (64,181 | ) | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | - |  | 53,065 |  |

| The above loan is unsecured, interest has been charged at 2% (prior to 6 April 2021 2.25%) on the above loan. There were no other conditions attached.

| On 30th September 2024 the company decided to write off the director loan balance of £64,181 as irrecoverable.

9. | RELATED PARTY DISCLOSURES

| Included within debtors are various related party balance owed by companies under common control which at the balance sheet date total £93,302 (2023: £741,464).

| Included within creditors are various related party balance owed by companies under common control which at the balance sheet date total £805,762 (2023: £1,031,610).

10. | POST BALANCE SHEET EVENTS

| In August 2018, unbeknown to the company and in the absence of any court documentation, a High Court Judgement in favour of Northumber PLC was purported on 3rd party websites against Interactive Eduction Solutions Limited, which was later proven to be false. After lengthy investigations HMCTS courts concluded and confirmed that no such judgement was issued against Interactive Education Solutions Limited. This has now been reported to the relevant authorities and the director is confident that appropriate action will be taken against the organisations/individuals involved.

| Included within debtors is a figure awarded to Interactive Education Solutions Limited by the high court as part settlement of legal costs incurred to date. A detailed assessment of legal costs in underway with a potential further settlement due to Interactive Eduction Solutions Limited of up to 80% of the costs.

11. | ULTIMATE CONTROLLING PARTY

| Throughout the financial year the controlling party was Innovote Limited, a company in which the director Mrs M Kaur owns 100% of the issued share capital.