Company registration number 05382362 (England and Wales)
EXPANDING HORIZONS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
EXPANDING HORIZONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
EXPANDING HORIZONS LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,554,758
1,578,083
Investment property
5
225,000
225,000
Investments
6
690,133
384,486
2,469,891
2,187,569
Current assets
Debtors
8
1,172,869
1,007,204
Cash at bank and in hand
40,359
172,246
1,213,228
1,179,450
Creditors: amounts falling due within one year
9
(874,286)
(393,328)
Net current assets
338,942
786,122
Total assets less current liabilities
2,808,833
2,973,691
Creditors: amounts falling due after more than one year
10
(687,016)
(839,661)
Provisions for liabilities
(78,921)
(85,705)
Net assets
2,042,896
2,048,325
Capital and reserves
Called up share capital
11
100
100
Revaluation reserve
12
369,830
369,830
Profit and loss reserves
1,672,966
1,678,395
Total equity
2,042,896
2,048,325

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 December 2025 and are signed on its behalf by:
Mr T J P Jenkins
Director
Company registration number 05382362 (England and Wales)
EXPANDING HORIZONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Expanding Horizons Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Suite 3, Raglan House, Llantarnum Business Park, Cwmbran, Torfaen, NP44 3AB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Plant and equipment
15% Reducing balance
Computers
15% Reducing balance
Motor vehicles
15% Reducing balance
EXPANDING HORIZONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

EXPANDING HORIZONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
133
93
EXPANDING HORIZONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
510,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
510,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
1,382,088
22,524
17,322
169,522
1,591,456
Additions
3,015
1,282
2,316
-
0
6,613
At 31 March 2025
1,385,103
23,806
19,638
169,522
1,598,069
Depreciation and impairment
At 1 April 2024
-
0
4,295
6,959
2,119
13,373
Depreciation charged in the year
-
0
3,043
1,784
25,111
29,938
At 31 March 2025
-
0
7,338
8,743
27,230
43,311
Carrying amount
At 31 March 2025
1,385,103
16,468
10,895
142,292
1,554,758
At 31 March 2024
1,382,088
18,229
10,363
167,403
1,578,083
5
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
225,000
EXPANDING HORIZONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
690,133
384,486
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024
384,486
Additions
305,647
At 31 March 2025
690,133
Carrying amount
At 31 March 2025
690,133
At 31 March 2024
384,486
7
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Ridgeway House (Bristol) Limited
Suite 3, Raglan House, Llantarnam Business Park, Cwmbran, Torfaen, Wales, NP44 3AB
Ordinary
100.00
Sunnybank Children's Nursery Limited
3 Stow Park Avenue, Newport, Wales, NP20 4FH
Ordinary
100.00
Cupcakes 'N' Dinosaurs Limited
Imperial House New Road, New Inn, Pontypool, Wales, NP4 0TL
Ordinary
100.00
8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
200,453
226,329
Other debtors
972,416
780,875
1,172,869
1,007,204
EXPANDING HORIZONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
9
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
365,000
90,000
Trade creditors
244
-
0
Corporation tax
18,351
67,127
Other taxation and social security
112,455
61,837
Other creditors
378,236
174,364
874,286
393,328

Included in o ther creditors falling due within one year are o bligations under finance leases totalling £30,011 (2024 - £30,011), secured against the assets they have financed.

10
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
578,816
709,650
Other creditors
108,200
130,011
687,016
839,661

Included in o ther creditors falling due after more than one year are o bligations under finance leases totaling £108,200 (2024 - £130,011), secured against the assets they have financed.

11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
12
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
369,830
369,830
EXPANDING HORIZONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
13
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Included in the amounts owed from other debtors is an amount of £874,958 (202 4 - £698,506) which is owed from Tai Gorwel Limited, a company which shares a common director. This is included in debtors: amounts falling due within one year.

Included in the amounts owed to other creditors is an amount of £235,216 (202 4 - £32,806 debtor) which is owed from Ridgeway House (Bristol) Limited, a subsidiary company. This is included in creditors: amounts falling due within one year.

Included in the amounts owed to other creditors is an amount of £31,150 (2024 - £Nil) which is owed to Sunnybank Children's Nursery Limited, a subsidiary company. This is included in creditors; amounts falling due within one year.

Included in the amounts owed to other creditors is an amount of £12,825 (2024 - £Nil) which is owed to Cupcakes 'n' Dinosaurs, New Inn Limited, a subsidiary company. This is included in creditors; amounts falling due within one year.

Included in the amounts owed to other creditors is an amount of £10,882 (2024 - £10,882) which is owed to Saykin Holdings Limited, a company which shares a common director. This is included in creditors; amounts falling due within one year.

14
Parent company

On 31 March 2025, Tetha Ltd, whose registered address is Suite 3, Raglan House, Llantarnam Industrial Park, Cwmbran, Wales, NP44 3AB held 100% shareholding of Expanding Horizons Ltd and is therefore the parent company.

15
Directors' transactions

Dividends totalling £37,700 (2024 - £30,050) were paid in the year in respect of shares held by the company's directors.

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Director
-
31,138
157,480
(113,420)
75,198
31,138
157,480
(113,420)
75,198
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