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REGISTERED NUMBER: 03921008 (England and Wales)













ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

EXPERIO LIFE LIMITED

EXPERIO LIFE LIMITED (REGISTERED NUMBER: 03921008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


EXPERIO LIFE LIMITED (REGISTERED NUMBER: 03921008)

ABRIDGED BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 319
Investments 5 1 1
1 320

CURRENT ASSETS
Debtors 5,916 20,652
Cash at bank 66,042 23,152
71,958 43,804
CREDITORS
Amounts falling due within one year 77,282 71,325
NET CURRENT LIABILITIES (5,324 ) (27,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,323

)

(27,201

)

CREDITORS
Amounts falling due after more than
one year

20,015

50,015
NET LIABILITIES (25,338 ) (77,216 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (25,438 ) (77,316 )
SHAREHOLDERS' FUNDS (25,338 ) (77,216 )

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

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

The directors acknowledge their 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.

EXPERIO LIFE LIMITED (REGISTERED NUMBER: 03921008)

ABRIDGED BALANCE SHEET - continued
30TH 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 Balance Sheet for the year ended 30th 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 Board of Directors and authorised for issue on 25th June 2025 and were signed on its behalf by:





R W Moss - Director


EXPERIO LIFE LIMITED (REGISTERED NUMBER: 03921008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Experio Life Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03921008

Registered office: The Foundry
9 Park Lane
Puckeridge
Hertfordshire
SG11 1RL

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.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially as transaction value and subsequently measured at their settlement value. The company has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.

Taxation
Taxation for the year 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 balance sheet date.

EXPERIO LIFE LIMITED (REGISTERED NUMBER: 03921008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Going concern
As part of its programme of diversification, Experio Life had loaned associated companies £172,209 at the balance sheet date. Being two other educational establishments these companies have been curtailed by COVID-19 and they were looking at securing profitable contracts for 2023. These together with future contracts would have enabled the loans to be repaid to Experio Life Limited.
In April 2023 due to a lack of profitable contracts Experio Life Limited agreed to waive the loans. This means that the company requires future revenue to pay off the loans shown in the balance sheet.
The directors acknowledge that there is a level of uncertainty in the general economic environment that may impact on the demand for the services the company supplies however based on the assessment of the business believe they are well placed to manage these business risks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 6 ) .

EXPERIO LIFE LIMITED (REGISTERED NUMBER: 03921008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023 6,583
Disposals (6,583 )
At 30th September 2024 -
DEPRECIATION
At 1st October 2023 6,264
Charge for year 86
Eliminated on disposal (6,350 )
At 30th September 2024 -
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 319

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st October 2023
and 30th September 2024 1
NET BOOK VALUE
At 30th September 2024 1
At 30th September 2023 1

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

EXPERIO LIFE LIMITED (REGISTERED NUMBER: 03921008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. RELATED PARTY DISCLOSURES

Loans to Bristol International College Limited and Bristol Education Group Limited of £172,209 owed to the company were waived in April 2023.

During the year the company provided £4,500 secondment charges to Novacapita Limited. Mr R W Moss is a director of Novacapita Limited.

During the year the company provided £90,804 secondment charges to Experio Summer Limited. Mr R W Moss and Mr A S Evans are directors and shareholders of Experio Summer Limited.

8. ULTIMATE CONTROLLING PARTY

The company is under the immediate and ultimate control of the directors jointly.