New Beacon Group Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

New Beacon Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10349874 . The registered office is Beacon Building Staffordshire Education, Weston Road, Stafford, Staffordshire, ST18 0BF.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about New Beacon Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

2.2. Going Concern Disclosure

As at 31 December 2024, the company had net liabilities of £9,271,545 (2023: £8,751,772) and is reliant on the support of associated companies in which Dr Kaijun Guo is a director.

The associated companies have indicated that they will not withdraw their support from the company for at least the next twelve months.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Conferencing revenue

Conferencing revenue is recognised at the fair value of the consideration received.

Short course income

Short course income, excluding value added tax, is in relation to courses delivered during the year and is recognised evenly over the period of the relevant course. Any receipts in advance of the course starting date are held on the statement of financial position as deferred income.

Student Accommodation

Rental income is recognised through the profit and loss account on a straight line basis over the agreement between the student and the company.

Leased Revenue

The rental income receivable under the leases is recognised through the profit and loss on a straight line basis over the term of the lease.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Fixtures & Fittings	20% on cost and 10% on cost
Computer Equipment	20% on cost and 10% on cost

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Page 2

Page 3

New Beacon Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.8. Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2.9. Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2023: 11)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 January 2024	1,596,810
Additions	404,597
Disposals	(28,864 )

As at 31 December 2024	1,972,543

Depreciation
As at 1 January 2024	949,662
Provided during the period	172,835
Disposals	(8,589 )

As at 31 December 2024	1,113,908

Net Book Value
As at 31 December 2024	858,635

As at 1 January 2024	647,148

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	266,596

As at 31 December 2024	266,596

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

Page 3

Page 4

New Beacon Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	266,596

As at 1 January 2024	266,596

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	57,608	64,928
Prepayments and accrued income	83,507	80,772
Other debtors	1,894	2,125

	143,009	147,825

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	111,019	49,841
Bank loans and overdrafts	9,568	9,129
Other taxes and social security	14,004	13,074
VAT	17,948	28,388
Other creditors	2,039	-
Pension control	3,087	2,686
Accruals and deferred income	568,067	480,577
Amounts owed to subsidiaries	308,612	199,369
Amounts owed to associates	9,638,044	9,460,233

	10,672,388	10,243,297

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	18,444	28,628

9. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

10. Related Party Transactions

At the balance sheet date, the New Beacon Group Limited owed £9,638,044 (2023: £9,460,233) to companies in which Dr Kaijun Guo is a director.

11. FRC's Ethical Standard - Provision Available for Small Entities

In common with 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.

Page 4

Page 5

New Beacon Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Audit Information

The auditor's report on the accounts of New Beacon Group Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Jeremy G Hodgkiss (Senior Statutory Auditor) for and on behalf of Deans Chartered Accountants , Statutory Auditor.

Deans Chartered Accountants

Gibson House

Hurricane Court

Hurricane Close

Stafford

ST16 1GZ

Page 5

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		858,635		647,148
Investments	5		266,596		266,596

			1,125,231		913,744
CURRENT ASSETS
Debtors	6	143,009		147,825
Cash at bank and in hand		151,047		458,584

		294,056		606,409
Creditors: Amounts Falling Due Within One Year	7	(10,672,388 )		(10,243,297 )

NET CURRENT ASSETS (LIABILITIES)			(10,378,332 )		(9,636,888 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,253,101 )		(8,723,144 )

Creditors: Amounts Falling Due After More Than One Year	8		(18,444 )		(28,628 )

NET LIABILITIES			(9,271,545 )		(8,751,772 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(9,271,645 )		(8,751,872 )

SHAREHOLDERS' FUNDS			(9,271,545)		(8,751,772)