REGISTERED NUMBER: 03354327 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OXFORD PROFESSIONAL EDUCATION GROUP

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N C Tattersall

Mrs J Young

R Meeske

SECRETARY:

Ms R Craig

REGISTERED OFFICE:

Summertown Pavilion

Middleway

Oxford

Oxfordshire

OX2 7LG

REGISTERED NUMBER:

03354327 (England and Wales)

AUDITORS:

Galbraith Pritchards

Chartered Accountants & Statutory Auditor

20 Barns Street

Ayr

Ayrshire

KA7 1XA

FIXED ASSETS

Intangible assets

4

-

1,485

Tangible assets

5

233,652

44,274

Investments

6

439,765

439,765

673,417

485,524

CURRENT ASSETS

Debtors

7

762,510

910,246

Cash at bank and in hand

819,135

1,169,265

1,581,645

2,079,511

CREDITORS

Amounts falling due within one year

8

372,944

841,866

NET CURRENT ASSETS

1,208,701

1,237,645

TOTAL ASSETS LESS CURRENT LIABILITIES

1,882,118

1,723,169

PROVISIONS FOR LIABILITIES

50,975

10,527

NET ASSETS

1,831,143

1,712,642

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

17,990

17,990

Retained earnings

1,812,953

1,694,452

SHAREHOLDERS' FUNDS

1,831,143

1,712,642

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 29 September 2025 and were signed on its behalf by:

Mrs J Young - Director

1.	STATUTORY INFORMATION

Oxford Professional Education Group 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.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

Income from students is recognised over the duration of the course.

INTANGIBLE ASSETS -PATENTS

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives which is the licence period of 10 years.

INTANGIBLE ASSETS -RESEARCH AND DEVELOPMENT

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In their situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on cost, 25% on reducing balance and 20% on cost

FINANCIAL INSTRUMENTS

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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 36 (2023 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

53,102

AMORTISATION

At 1 January 2024

51,617

Charge for year

1,485

At 31 December 2024

53,102

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1,485

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

161,730

Additions

230,891

At 31 December 2024

392,621

DEPRECIATION

At 1 January 2024

117,456

Charge for year

41,513

At 31 December 2024

158,969

NET BOOK VALUE

At 31 December 2024

233,652

At 31 December 2023

44,274

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

439,765

NET BOOK VALUE

At 31 December 2024

439,765

At 31 December 2023

439,765

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

333,444

433,289

Other debtors

429,066

476,957

762,510

910,246

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

80,010

50,031

Tax

-

92,895

Social security and other taxes

37,906

55,455

VAT

33,174

69,988

Other creditors

27,931

77,116

Deferred income

162,830

392,830

Accrued expenses

31,093

103,551

372,944

841,866

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

£

Within one year

44,760

39,164

Between one and five years

41,030

-

85,790

39,164

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alistair Campbell (Senior Statutory Auditor)

for and on behalf of Galbraith Pritchards

11.	RELATED PARTY DISCLOSURES

12.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is N C Tattersall.