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REGISTERED NUMBER: 07211767 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

LIVETIME LEARNING LIMITED

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| LIVETIME LEARNING LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | M J Turner

| Mrs B C Mitchell-Turner

| REGISTERED OFFICE: | 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| REGISTERED NUMBER: | 07211767 (England and Wales)

| ACCOUNTANTS: | Galloways Accounting (Hove) Limited

| 15 West Street

| Brighton

| East Sussex

| BN1 2RL

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767) |

BALANCE SHEET

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 29,619 |  | 45,742 |  |

CURRENT ASSETS

Debtors | 5 | 5,264 |  | 36,771 |  |

Cash at bank | 419,059 |  | 336,419 |  |

424,323 |  | 373,190 |  |

CREDITORS

Amounts falling due within one year | 6 | 77,877 |  | 60,877 |  |

NET CURRENT ASSETS | 346,446 |  | 312,313 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 376,065 |  | 358,055 |  |

PROVISIONS FOR LIABILITIES | 7,405 |  | 11,435 |  |

NET ASSETS | 368,660 |  | 346,620 |  |

CAPITAL AND RESERVES

Called up share capital | 25 |  | 25 |  |

Capital redemption reserve | 75 |  | 75 |  |

Retained earnings | 368,560 |  | 346,520 |  |

368,660 |  | 346,620 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 24 October 2025 and were signed on its behalf by:

M J Turner - Director

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Livetime Learning 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.

| Turnover

| Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on cost

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 33% on 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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystalline based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

| 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 7 (2024 - 7 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 February 2024 | 137 |  | 153 |  | 60,073 |  | 13,324 |  | 73,687 |  |

| Additions | 102 |  | - |  | - |  | 602 |  | 704 |  |

| At 31 January 2025 | 239 |  | 153 |  | 60,073 |  | 13,926 |  | 74,391 |  |

| DEPRECIATION

| At 1 February 2024 | 102 |  | 153 |  | 17,715 |  | 9,975 |  | 27,945 |  |

| Charge for year | 60 |  | - |  | 15,019 |  | 1,748 |  | 16,827 |  |

| At 31 January 2025 | 162 |  | 153 |  | 32,734 |  | 11,723 |  | 44,772 |  |

| NET BOOK VALUE

| At 31 January 2025 | 77 |  | - |  | 27,339 |  | 2,203 |  | 29,619 |  |

| At 31 January 2024 | 35 |  | - |  | 42,358 |  | 3,349 |  | 45,742 |  |

LIVETIME LEARNING LIMITED (REGISTERED NUMBER: 07211767) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| VAT | 347 |  | - |  |

| Accruals | - |  | 30,000 |  |

| Prepayments | 4,917 |  | 6,771 |  |

5,264 |  | 36,771 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 18,234 |  | 210 |  |

| Tax | 21,616 |  | 6,306 |  |

| Social security and other taxes | (2,106 | ) | (2,092 | ) |

| VAT | - |  | 2,829 |  |

| Other creditors | 1,786 |  | 697 |  |

| Directors' loan accounts | 33,233 |  | 7,927 |  |

| Accruals and deferred income | 1,375 |  | 45,000 |  |

| Accrued expenses | 3,739 |  | - |  |

77,877 |  | 60,877 |  |

7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the year, M Turner increased his loan to the company. As at 31 January 2025, the company owed him £33,233 (2024: £7,927). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

| Also during the year, the company paid the director rent amounting to £1,320 (2024: £1,208) as a result of utilising office space within his home.

8. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is M J Turner.

| This was by virtue of his 52% holding of the issued share capital.