ACCOUNTS - Final Accounts

Period ended

31 December

Registered number: 13969223

NEW ERA EDUCATION INDUSTRY UK LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

NEW ERA EDUCATION INDUSTRY UK LTD

REGISTERED NUMBER: 13969223

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Cash at bank and in hand	4	68,131		118,067
		68,131		118,067
Creditors: amounts falling due within one year	5	(230,888)		(228,193)
Net current liabilities			(162,757)		(110,126)
Total assets less current liabilities			(162,757)		(110,126)

Net liabilities			(162,757)		(110,126)

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(162,857)	(110,226)
		(162,757)	(110,126)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 director acknowledges her 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 statement of income and retained earnings 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 10 September 2025.

Yanling Yang

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

NEW ERA EDUCATION INDUSTRY UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

New ERA Education Industry UK Ltd ('the company') is a private limited by shares and is incorporated in England. The address of its registered office is 124 Finchley Road, London, England, NW3 5JS. The principal activity of the company is educational support services. The company started trading on 07 April 2023.

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.

The following principal accounting policies have been applied:

2.2

Going concern

The company shows net liabilities at the reporting date of £162,757.The company has received formal confirmation from its immediate parent, Wuhan Union New Era Education Industry Co.,Ltd, that the company will receive the financial support it requires to enable it to meet its liabilities as they fall due.
The directors has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that a material uncertainly exists over the company’s future.
In making their assessment of going concern, the director has considered information for a period of at least twelve months from the date the financial statements were authorised for issue.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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.

2.5

Creditors

Short-term creditors are measured at the transaction price.

Page 2

NEW ERA EDUCATION INDUSTRY UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Wages and salaries	36,000	66,000
Social security costs	3,712	6,769
	39,712	72,769

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	68,131	118,067
	68,131	118,067

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	189,900	189,900
Other taxation and social security	1,044	1,164
Other creditors	34,844	31,179
Accruals and deferred income	5,100	5,950
	230,888	228,193

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £1.00 each	100	100

Page 3

NEW ERA EDUCATION INDUSTRY UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Related party transactions
	At the balance sheet date, the company owed to its parent company, Wuhan Union New Era Education Industry Co.,Ltd, £189,900 (2023:£189,900) who is holding more than 75% shares of New ERA Education Industry UK Ltd. As at the balance sheet, the director owed the company £34,844 (2023: £31,179) which will be paid within 9 months.

8.	Controlling party

The company's immediate parent company is Wuhan Union New Era Education Industry Co.,Ltd, which address is 2/F 392 Xinhua Road, Taipei Street, Jiangan District, Wuhan City, China, 430022.
The company's ultimate controlling party is Z Yu, who is holding 60% shares of Wuhan Union New Era Education Industry Co.,Ltd.

Page 4