Lyra Learning Ltd iXBRL

Company Registration Number: NI684893

Lyra Learning Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 January 2025

Lyra Learning Ltd

Company Registration Number: NI684893

ABRIDGED BALANCE SHEET

as at 31 January 2025

		2025	2024
	Notes	£	£

Fixed Assets

Intangible assets

4,540

6,810

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Creditors: amounts falling due within one year

(2,534)

(1,694)

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Net Current Liabilities

(2,534)

(1,694)

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Total Assets less Current Liabilities

2,006

5,116

Creditors:

amounts falling due after more than one year

(520)

(520)

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Net Assets

1,486

4,596

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Capital and Reserves

Called up share capital

500

500

Share premium account

24,975

24,975

Retained earnings

(23,989)

(20,879)

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Equity attributable to owners of the company

1,486

4,596

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

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

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 16 December 2025 and signed on its behalf by



________________________________
Ms Eva Grosman
Director

Lyra Learning Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 January 2025

General Information

Lyra Learning Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI684893. The registered office of the company is 65-69 Dublin Road, Belfast, Co Antrim, BT2 7HG, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 January 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Intangible assets

Intangible assets are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 0 years.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Research and development

Development expenditure is written off in the same financial year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 2.

2025

2024

Number

Number

Administrative

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4.	Intangible assets
		Development
		Costs	Total
		£	£
	Cost
	At 1 February 2024	11,350	11,350
		─────────	─────────

	At 31 January 2025	11,350	11,350
		─────────	─────────
	Amortisation
	At 1 February 2024	4,540	4,540
	Charge for financial year	2,270	2,270
		─────────	─────────
	At 31 January 2025	6,810	6,810
		─────────	─────────
	Net book value
	At 31 January 2025	4,540	4,540
		═════════	═════════
	At 31 January 2024	6,810	6,810
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 January 2025.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.