REGISTERED NUMBER: 05553889 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Greene's Tutorial College

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C L Bickford-Smith

REGISTERED OFFICE:

45 Pembroke Street

Oxford

Oxfordshire

OX1 1BP

REGISTERED NUMBER:

05553889 (England and Wales)

AUDITORS:

Shinewing Wilson Accountancy Limited

Chartered Certified Accountants

and Statutory Auditors

9 St Clare Street

London

EC3N 1LQ

FIXED ASSETS

Tangible assets

4

177,729

211,770

CURRENT ASSETS

Debtors

5

68,343

103,067

Cash at bank and in hand

115,843

158,443

184,186

261,510

CREDITORS

Amounts falling due within one year

6

597,464

578,656

NET CURRENT LIABILITIES

(413,278

)

(317,146

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(235,549

)

(105,376

)

CREDITORS

Amounts falling due after more than one year

7

(466,854

)

(578,507

)

PROVISIONS FOR LIABILITIES

9

(19,665

)

(10,148

)

NET LIABILITIES

(722,068

)

(694,031

)

RESERVES

Income and expenditure account

(722,068

)

(694,031

)

(722,068

)

(694,031

)

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 director and authorised for issue on 9 December 2025 and were signed by:

C L Bickford-Smith - Director

1.	STATUTORY INFORMATION

Greene's Tutorial College is a private company, limited by guarantee , 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.

Going concern

The company had net current liabilities of £413K at the balance sheet date, mainly due to the deferred income of £387K related to performance obligations are anticipated to be recognised in the next fiscal years. Also, the company's UK parent has confirmed to financially support the company for at least 12 months from the date of signing these financial statements. Based on this, the directors have concluded that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

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

Turnover is mainly tutorial fees charged to students aged 16-18 and institutional fees, which are measured at the fair value of the consideration received or receivable for services rendered, net of discounts. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets, other than land, less their residual values over their useful lives on the following basis:

Plant and machinery etc - 20% on cost

Leasehold Property - over the shorter of lease period or TFA economic life.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised 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.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other parables, and loans from group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest method.

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.

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.

Interest expenses

Interest expense is recognized using effective interest rate method. In calculating interest expense, the effective interest rate is applied to the amortized cost of the liability for interest expense.

Exceptional items

Exceptional items are disclosed separately in the financial statements where it is necessary to do so to provide further understanding of the financial performance of the company. They are items that are material either because of their size or their nature, or that are nonrecurring are considered as exceptional items and are presented within the line items to which they best relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2024

233,420

142,194

375,614

Additions

9,975

2,073

12,048

Reclassification/transfer

(10,778

)

(2,921

)

(13,699

)

At 31 August 2025

232,617

141,346

373,963

DEPRECIATION

At 1 September 2024

40,237

123,607

163,844

Charge for year

23,022

7,906

30,928

Reclassification/transfer

936

526

1,462

At 31 August 2025

64,195

132,039

196,234

NET BOOK VALUE

At 31 August 2025

168,422

9,307

177,729

At 31 August 2024

193,183

18,587

211,770

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

29,469

6,680

Other debtors

38,874

96,387

68,343

103,067

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 8)

7,874

28,910

Deferred income

386,693

456,842

Trade creditors

35,850

57,576

Amounts owed to group undertakings

93,321

15,023

Taxation and social security

63,526

10,105

Other creditors

10,200

10,200

597,464

578,656

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans (see note 8)

-

8,059

Amounts owed to group undertakings

466,854

570,448

466,854

578,507

Amounts owed to group undertakings represent a loan from Greene's Tutorial Education Limited, the loan is unsecured and interest is charged at the end of each financial year, on a daily basis, at a fixed rate of 5% per annam, with a repayment date of 31 December 2025. During the year, an interest expense of £22,405 (2024: £26,082) was charged in the profit and loss accounts.

8.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank loans

7,874

28,910

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

8,059

£7,874 (2024: £36,969) was Coronavirus Business Interruption Loan payable to Iwoca Skye Finance Ltd, with 12.99% per annum fixed interest rate, during the first 12 months, the UK Government will pay interest due to the bank. This loan is unsecured and repayable by 60 instalments starting 13 months after the date of first drawdown in 25 November 2020. During the year, interest paid of £3,091 (2024:£6,717) was charged in the profit and loss accounts.

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

Accelerated capital allowances

19,665

10,148

Deferred

tax

£

Balance at 1 September 2024

10,148

Provided during year

9,517

Balance at 31 August 2025

19,665

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

The Report of the Auditors was unqualified.

Nijendra Dhungana FCCA (Senior Statutory Auditor)

for and on behalf of Shinewing Wilson Accountancy Limited

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by the sole member - Greene's Tutorial Education Limited.