REGISTERED NUMBER: 06071367 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EDUNATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C C Swenson

Mr C Cohn

SECRETARY:

Mr C C Swenson

REGISTERED OFFICE:

C/O RfM Fylde Ltd, Unit 1D, Ground Floor

River View,

96 High St, Garstang,

Preston,

Lancashire

PR3 1WZ

REGISTERED NUMBER:

06071367 (England and Wales)

INDEPENDENT AUDITORS:

RFM Audit Services LLP, Statutory Auditor

Unit 1, Guest House Farm

Runshaw Lane

Euxton

Chorley

Lancashire

PR7 6HD

FIXED ASSETS

Tangible assets

4

615

723

CURRENT ASSETS

Debtors

5

167,598

161,365

Cash at bank

731,753

246,425

899,351

407,790

CREDITORS

Amounts falling due within one year

6

1,066,291

830,603

NET CURRENT LIABILITIES

(166,940

)

(422,813

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(166,325

)

(422,090

)

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

(167,325

)

(423,090

)

SHAREHOLDERS' FUNDS

(166,325

)

(422,090

)

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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr C C Swenson - Director

1.	STATUTORY INFORMATION

Edunation 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

GOING CONCERN

The company had negative reserves at the year end. The company has continued support from the ultimate parent company, therefore at the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

3,794

DEPRECIATION

At 1 January 2024

3,071

Charge for year

108

At 31 December 2024

3,179

NET BOOK VALUE

At 31 December 2024

615

At 31 December 2023

723

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

162,475

160,915

Other debtors

5,123

450

167,598

161,365

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,199

8,278

Amounts owed to group undertakings

1,036,199

804,056

Taxation and social security

21,550

10,034

Other creditors

7,343

8,235

1,066,291

830,603

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

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

The Report of the Auditors was unqualified.

Sarah Flynn FCA (Senior Statutory Auditor)

for and on behalf of RFM Audit Services LLP, Statutory Auditor

9.	ULTIMATE CONTROLLING PARTY

Edunation Limited is a 100% subsidiary of Edunation Holdings Limited. The ultimate parent company is Nerdy Inc. a company formed in the USA.