REGISTERED NUMBER: 02685909 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Intuition Languages Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Thorley

B Wang

REGISTERED OFFICE:

140 Coniscliffe Road

Darlington

DL3 7RT

REGISTERED NUMBER:

02685909 (England and Wales)

SENIOR STATUTORY AUDITOR:

Martin Hobson BA (Hons) FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

FIXED ASSETS

Intangible assets

4

25,362

39,286

Tangible assets

5

2,172

836

27,534

40,122

CURRENT ASSETS

Stocks

6

-

2,500

Debtors

7

65,370

75,217

Cash at bank and in hand

28,697

35,921

94,067

113,638

CREDITORS

Amounts falling due within one year

8

(281,817

)

(294,762

)

NET CURRENT LIABILITIES

(187,750

)

(181,124

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(160,216

)

(141,002

)

CAPITAL AND RESERVES

Called up share capital

10

1,090

1,090

Share premium

105,178

105,178

Retained earnings

(266,484

)

(247,270

)

SHAREHOLDERS' FUNDS

(160,216

)

(141,002

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

S Thorley - Director

1.	STATUTORY INFORMATION

Intuition Languages 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.

There were no material departures from that standard.

Related party exemption

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 and transactions entered into on an open market basis.

Turnover

Turnover represents the sale of face to face and online language tuition courses to students during the period, net of VAT and discounts.

Revenue from the provision of services is recognised over time as the services are delivered, when it is probable that economic benefits will flow to the company and the amount can be measured reliably.

Revenue from the provision of online course bookings is recognised at the point of booking as the sale is unconditional at that point.

Goodwill

Goodwill is amortised over its estimated useful life. The goodwill arising on past acquisitions has been fully amortised in prior periods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of eight years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

257,913

105,721

363,634

AMORTISATION

At 1 April 2024

257,913

66,435

324,348

Amortisation for year

-

13,924

13,924

At 31 March 2025

257,913

80,359

338,272

NET BOOK VALUE

At 31 March 2025

-

25,362

25,362

At 31 March 2024

-

39,286

39,286

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

24,835

999

123,072

148,906

Additions

-

-

2,567

2,567

At 31 March 2025

24,835

999

125,639

151,473

DEPRECIATION

At 1 April 2024

24,802

617

122,651

148,070

Charge for year

33

250

948

1,231

At 31 March 2025

24,835

867

123,599

149,301

NET BOOK VALUE

At 31 March 2025

-

132

2,040

2,172

At 31 March 2024

33

382

421

836

6.

STOCKS

2025

2024

£

£

Stocks

-

2,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

62,662

73,809

Other debtors

1,300

-

Prepayments and accrued income

1,408

1,408

65,370

75,217

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,167

9

Trade creditors

16,469

31,806

Amounts owed to group undertakings

164,839

164,839

Taxation and social security

4,758

6,116

Other creditors

7,574

37,147

Accruals

30,103

5,700

Deferred income

55,907

49,145

281,817

294,762

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

5,760

5,760

Between one and five years

3,360

9,120

9,120

14,880

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,070

A Ordinary

£1

1,070

1,070

20

B Ordinary

£1

20

20

1,090

1,090

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

The prior period financial statements were not audited. Whilst we have carried out work in relation to the opening balances at 1 April 2024 that relate to the previous period, we have been unable to obtain sufficient evidence in relation to several areas, including revenue recognition and the related deferred income balance, accrued expenditure as at 31 March 2024 as well as the opening comparatives over these respective balances.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Martin Hobson BA (Hons) FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Happy City Limited, a Cayman Island based company, registration number 331489. The company was incorporated in the Cayman Islands and its registered office address is PO Box 31, Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205, Cayman Islands.

The ultimate controlling party is Fullshare Holdings Limited. This company was incorporated in the Cayman Islands, is listed on the Hong Kong stock exchange HKEx::00607 and its registration number is 116494. Its registered office is Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands.