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REGISTERED NUMBER: 13982612 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

NXTLVL EDUCATION LTD

NXTLVL EDUCATION LTD (REGISTERED NUMBER: 13982612)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NXTLVL EDUCATION LTD

Company Information
for the year ended 31 December 2024







Directors: M Gkontas
A Xydas





Registered office: 3rd Floor
86-90 Paul Street
London
EC2A 4NE





Registered number: 13982612 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

NXTLVL EDUCATION LTD (REGISTERED NUMBER: 13982612)

Balance Sheet
31 December 2024

2024 2023
as restated
Notes £ £ £ £
Fixed assets
Intangible assets 4 953 -
Tangible assets 5 3,223 3,484
Investments 6 751,591 215,392
755,767 218,876

Current assets
Debtors 7 24,343 29,417
Cash at bank and in hand 8,228 185,789
32,571 215,206
Creditors
Amounts falling due within one year 8 1,981,653 1,550,888
Net current liabilities (1,949,082 ) (1,335,682 )
Total assets less current liabilities (1,193,315 ) (1,116,806 )

Provisions for liabilities 9 806 871
Net liabilities (1,194,121 ) (1,117,677 )

Capital and reserves
Called up share capital 10 849 916
Retained earnings (1,194,970 ) (1,118,593 )
Shareholders' funds (1,194,121 ) (1,117,677 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:




M Gkontas - Director


NXTLVL EDUCATION LTD (REGISTERED NUMBER: 13982612)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

NXTLVL Education Ltd 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.

Going concern
The financial statements have been prepared on a going-concern basis. The company incurred losses during the year, however, the directors believe the company has sufficient reserves to meet its obligations, if and when, they become due. The directors are therefore of the opinion that they should adopt the going concern basis of accounting in preparing the financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

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

Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

NXTLVL EDUCATION LTD (REGISTERED NUMBER: 13982612)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. Employees and directors

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

NXTLVL EDUCATION LTD (REGISTERED NUMBER: 13982612)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. Intangible fixed assets
Patents and
licences
£
Cost
Additions 1,040
At 31 December 2024 1,040
Amortisation
Amortisation for year 87
At 31 December 2024 87
Net book value
At 31 December 2024 953

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 January 2024 333 4,608 4,941
Additions - 1,567 1,567
At 31 December 2024 333 6,175 6,508
Depreciation
At 1 January 2024 1 1,456 1,457
Charge for year 67 1,761 1,828
At 31 December 2024 68 3,217 3,285
Net book value
At 31 December 2024 265 2,958 3,223
At 31 December 2023 332 3,152 3,484

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2024 215,392
Additions 536,199
At 31 December 2024 751,591
Net book value
At 31 December 2024 751,591
At 31 December 2023 215,392

NXTLVL EDUCATION LTD (REGISTERED NUMBER: 13982612)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


7. Debtors: amounts falling due within one year
2024 2023
as restated
£ £
Trade debtors 79 -
Other debtors 24,264 29,417
24,343 29,417

8. Creditors: amounts falling due within one year
2024 2023
as restated
£ £
Trade creditors 8,463 20,050
Other creditors 1,973,190 1,530,838
1,981,653 1,550,888

A balance of £1,962,269 (2023: £1,511,847) within other creditors relates to advanced subscription agreements.

9. Provisions for liabilities
2024 2023
as restated
£ £
Deferred tax 806 871

Deferred tax
£
Balance at 1 January 2024 871
Provided during year (65 )
Balance at 31 December 2024 806

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£ £
8,486 Ordinary £0.1p 849 916

The company cancelled 673 ordinary shares with nominal value @ £0.10.

11. Parent-subsidiary relationships

The financial statements contain information about NXTLVL Education Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

12. Ultimate controlling party

The directors consider there to be no ultimate controlling party.