REGISTERED NUMBER: 09070386 (England and Wales)

Educational Resources Online Limited

Unaudited Financial Statements

for the Year Ended 30 June 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

R J O'Neill

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

09070386 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Intangible assets

4

8,577

10,412

Tangible assets

5

2,948

562

11,525

10,974

Current assets

Debtors

6

25,039

31,425

Cash at bank

198,275

244,923

223,314

276,348

Creditors

Amounts falling due within one year

7

90,001

136,855

Net current assets

133,313

139,493

Total assets less current liabilities

144,838

150,467

Creditors

Amounts falling due after more than one year

8

14,284

20,555

Net assets

130,554

129,912

Capital and reserves

Called up share capital

9

125,000

125,000

Share premium

3,800

3,800

Retained earnings

1,754

1,112

Shareholders' funds

130,554

129,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

R J O'Neill - Director

1.	Statutory information

Educational Resources Online Limited (''the company'') 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 financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 June 2025 (2024 - year ended 30 June 2024).

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.

Turnover is recognised on delivery of services over the period of the subscriptions paid by the customers. Any excess amounts at the balance sheet date not recognised as turnover are treated as deferred income and presented within both creditors: amounts falling within one year and creditors: amounts falling due after more than one year.

Intangible assets other than goodwill

Intangible assets comprise primarily website development costs and lump sum fees paid to teachers and are capitalised as the future economic benefits are long-term. Such assets are defined as having finite useful lives and the costs are amortised on a straight line basis ranging from 20-50%. Intangible assets are stated at cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired.

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised are on a straight-line basis over their useful economic lives.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, creditors and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets' carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

The tax expense for the year comprises current tax. Tax is recognised in the income statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Intangible fixed assets

Development

costs

£

Cost

At 1 July 2024

136,865

Additions

3,698

At 30 June 2025

140,563

Amortisation

At 1 July 2024

126,453

Amortisation for year

5,533

At 30 June 2025

131,986

Net book value

At 30 June 2025

8,577

At 30 June 2024

10,412

5.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 July 2024

3,485

Additions

2,873

At 30 June 2025

6,358

Depreciation

At 1 July 2024

2,923

Charge for year

487

At 30 June 2025

3,410

Net book value

At 30 June 2025

2,948

At 30 June 2024

562

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

18,817

27,508

Other debtors

6,222

3,917

25,039

31,425

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

-

940

Taxation and social security

16,710

29,710

Other creditors

73,291

106,205

90,001

136,855

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

14,284

20,555

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

125,000

Ordinary shares

£1

125,000

125,000