Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01trueNo description of principal activity22truetruefalse 08545045 2023-09-01 2024-08-31 08545045 2022-09-01 2023-08-31 08545045 2024-08-31 08545045 2023-08-31 08545045 c:Director1 2023-09-01 2024-08-31 08545045 d:Buildings d:ShortLeaseholdAssets 2023-09-01 2024-08-31 08545045 d:Buildings d:ShortLeaseholdAssets 2024-08-31 08545045 d:Buildings d:ShortLeaseholdAssets 2023-08-31 08545045 d:FurnitureFittings 2023-09-01 2024-08-31 08545045 d:FurnitureFittings 2024-08-31 08545045 d:FurnitureFittings 2023-08-31 08545045 d:OfficeEquipment 2023-09-01 2024-08-31 08545045 d:OfficeEquipment 2024-08-31 08545045 d:OfficeEquipment 2023-08-31 08545045 d:CurrentFinancialInstruments 2024-08-31 08545045 d:CurrentFinancialInstruments 2023-08-31 08545045 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08545045 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08545045 d:ShareCapital 2024-08-31 08545045 d:ShareCapital 2023-08-31 08545045 d:RetainedEarningsAccumulatedLosses 2024-08-31 08545045 d:RetainedEarningsAccumulatedLosses 2023-08-31 08545045 c:OrdinaryShareClass1 2023-09-01 2024-08-31 08545045 c:OrdinaryShareClass1 2024-08-31 08545045 c:OrdinaryShareClass1 2023-08-31 08545045 c:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-08-31 08545045 c:FRS102 2023-09-01 2024-08-31 08545045 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08545045 c:FullAccounts 2023-09-01 2024-08-31 08545045 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08545045 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08545045









IQ EDUCATION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
IQ EDUCATION LIMITED
REGISTERED NUMBER: 08545045

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
1,880,861
1,882,362

Cash at bank and in hand
  
4,439
2,341

  
1,885,300
1,884,703

Creditors: amounts falling due within one year
 6 
(1,764,483)
(1,763,788)

Net current assets
  
 
 
120,817
 
 
120,915

Total assets less current liabilities
  
120,817
120,915

  

Net assets
  
120,817
120,915


Capital and reserves
  

Called up share capital 
 7 
50,000
50,000

Profit and loss account
  
70,817
70,915

  
120,817
120,915


Page 1

 
IQ EDUCATION LIMITED
REGISTERED NUMBER: 08545045
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

For the year ended 31 August 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 profit and loss account 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 on 26 August 2025.




Y Liu
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

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

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 08545045.  The Company's registered office is Crossway 156 Great Charles Street Queensway, 6th Floor (6.03), Birmingham, West Midlands, B3 3HN.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Going concern

The accounts have been prepared on the going concern basis.

 
2.3

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
-
20% straight line
Fixtures and fittings
-
20% straight line
Office equipment
-
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.

Page 3

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.


3.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
11,963
5,547
14,533
32,043



At 31 August 2024

11,963
5,547
14,533
32,043



Depreciation


At 1 September 2023
11,963
5,547
14,533
32,043



At 31 August 2024

11,963
5,547
14,533
32,043



Net book value



At 31 August 2024
-
-
-
-



At 31 August 2023
-
-
-
-


4.


Taxation

The company has trading tax losses of £33,790 (2023 - £33,662) available to be offset against future trading profits.

Page 4

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

5.


Debtors

2024
2023
£
£


Other debtors
1,880,861
1,882,362

1,880,861
1,882,362



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
6,729
6,034

Other creditors
1,757,754
1,757,754

1,764,483
1,763,788



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



500,000 (2023 - 500,000) Ordinary shares of £0.10 each
50,000
50,000



8.


Contingent liabilities

The company is a member of a VAT group cross guarantee. At 31 August 2024 the other members of the group registration have total liabilities of £6,729 (2023 - £6,034).


9.


Related party transactions

As at 31 August 2024 the balance owed to the director was £1,757,754 (2023 - £1,757,754).  The loan is interest free and repayable on demand.
As at 31 August 2024 the balance due from companies under common control of the director was £1,880,862 (2023 - £1,882,362).  Loans are interest free and repayable on demand.

 
Page 5