REGISTERED NUMBER: 09742186 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Realise Ed Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S J Kelly

D A Kelly

SECRETARY:

Mrs S J Kelly

REGISTERED OFFICE:

Roebuck House

Pottersheath Road

Welwyn

Hertfordshire

AL6 9ST

REGISTERED NUMBER:

09742186 (England and Wales)

ACCOUNTANTS:

Finoptus Consulting Limited

Room 501

DMC 01

County Way

Barnsley

South Yorkshire

S70 2JW

FIXED ASSETS

Tangible assets

4

-

4,321

CURRENT ASSETS

Debtors

5

239,244

489,551

Cash at bank

173,607

179,893

412,851

669,444

CREDITORS

Amounts falling due within one year

6

225,674

443,877

NET CURRENT ASSETS

187,177

225,567

TOTAL ASSETS LESS CURRENT LIABILITIES

187,177

229,888

CREDITORS

Amounts falling due after more than one year

7

(18,750

)

(63,750

)

PROVISIONS FOR LIABILITIES

-

(960

)

NET ASSETS

168,427

165,178

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

168,425

165,176

168,427

165,178

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

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

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 30 September 2025 and were signed on its behalf by:

D A Kelly - Director

1.	STATUTORY INFORMATION

Realise Ed Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Furniture and Fixtures - 33% on cost

Computer Equipments - 33% 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.

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 8 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

850

23,724

24,574

Additions

-

8,101

8,101

Disposals

(850

)

(31,825

)

(32,675

)

At 31 December 2024

-

-

-

DEPRECIATION

At 1 January 2024

716

19,537

20,253

Charge for year

94

3,266

3,360

Eliminated on disposal

(810

)

(22,803

)

(23,613

)

At 31 December 2024

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

134

4,187

4,321

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

116,063

146,282

Other debtors

123,181

343,269

239,244

489,551

At 31 December 2023 trade debtors includes an amount of £NIL (2023: NIL) which is used as security for advances under an invoice discounting facility.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

45,000

45,000

Trade creditors

86,716

5,812

Taxation and social security

88,102

197,188

Other creditors

5,856

195,877

225,674

443,877

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

18,750

63,750

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

63,750

108,750

Bank borrowings consists of an invoice discounting facility and bank loan which are secured by way of a fixed and floating charge over the company's assets.

9.	RELATED PARTY DISCLOSURES

During the year the company was charged £35,000 (2023: £42,000) in respect of recruitment and consultancy services by Kellstar Limited. All transactions were conducted on an arm's length basis on normal trading terms. During the year Kellstar Limited loaned the company £NIL (2023: £175,010). The loan is interest bearing and repayable on demand. The shareholders and a director of Kellstar Limited are also shareholders and directors of Realise Ed Limited. As at 31 December 2024, £4,840 (2023:£178,478) was owed to Kellstar Limited. The balance is included within other creditors.

During the year the company was charged £40,000 (2023: £48,000) in respect of IT Platform and compliance services by RealiseMe Limited. All transactions were conducted on an arm's length basis on normal trading terms. During the year the company loaned RealiseMe £12,938 (2023: £53,557). The loan is interest bearing and repayable on demand. The shareholders and directors of RealiseMe Limited are also shareholders and directors of Realise Ed Limited. As at 31 December 2024, £100,664 (2023: £85,307) was owed to the company by RealiseMe Limited and was included within other debtors.

During the year the company loaned Complete Classroom Services Limited £NIL (2023: £207,723). The loan is repayable by 31 December 2025. On 31 October 2024, the company transferred the majority of its trade and certain assets to Complete Classroom Services Limited. The transfer was conducted on an arm's length basis for a total consideration of £176,798. A director of Complete Classroom Services Limited is also a shareholder and director of Realise Ed Limited. As at 31 December 2024, £11,828 (2023: £231,880) was owed to the company by Complete Classroom Services Limited and was included within other debtors.