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REGISTERED NUMBER: 06687297 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PL EDUCATION LIMITED

PL EDUCATION LIMITED (REGISTERED NUMBER: 06687297)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


PL EDUCATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr T Samani
Mr L Simkin





REGISTERED OFFICE: 34 South Molton Street
London
W1K 5RG





REGISTERED NUMBER: 06687297 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

PL EDUCATION LIMITED (REGISTERED NUMBER: 06687297)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 979 1,006
Investments 5 1 1
980 1,007

CURRENT ASSETS
Debtors 6 29,098 28,504
Cash at bank 216,558 206,117
245,656 234,621
CREDITORS
Amounts falling due within one year 7 258,131 125,387
NET CURRENT (LIABILITIES)/ASSETS (12,475 ) 109,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,495

)

110,241

CREDITORS
Amounts falling due after more than one
year

8

376,739

443,821
NET LIABILITIES (388,234 ) (333,580 )

CAPITAL AND RESERVES
Called up share capital 9 1,768 1,768
Share premium 939,228 939,228
Retained earnings (1,329,230 ) (1,274,576 )
SHAREHOLDERS' FUNDS (388,234 ) (333,580 )

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

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

PL EDUCATION LIMITED (REGISTERED NUMBER: 06687297)

BALANCE SHEET - continued
31 AUGUST 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





Mr T Samani - Director


PL EDUCATION LIMITED (REGISTERED NUMBER: 06687297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

PL Education 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.

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 directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that they will continue to provide financial support where necessary. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, it is deemed appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

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

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.

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 charged to the profit and loss account in the year in which it is incurred.

PL EDUCATION LIMITED (REGISTERED NUMBER: 06687297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 31,671
Additions 275
At 31 August 2024 31,946
DEPRECIATION
At 1 September 2023 30,665
Charge for year 302
At 31 August 2024 30,967
NET BOOK VALUE
At 31 August 2024 979
At 31 August 2023 1,006

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 1
NET BOOK VALUE
At 31 August 2024 1
At 31 August 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 27,898 27,304
Other debtors 1,200 1,200
29,098 28,504

PL EDUCATION LIMITED (REGISTERED NUMBER: 06687297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 6,034 6,760
Trade creditors 18,085 17,576
Taxation and social security 38,481 15,389
Other creditors 195,531 85,662
258,131 125,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans 8,468 14,840
Other creditors 368,271 428,981
376,739 443,821

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
118,638 A Ordinary 1p 1,186 1,186
22,162 B Ordinary 1p 222 222
36,025 Ordinary 1p 360 360
1,768 1,768