REGISTERED NUMBER: 04840493 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KNOWLEDGE TO ACTION LTD

Page

Company Information

1

Report of the Director

2

Report of the Independent Auditors

4

Income Statement

7

Balance Sheet

8

Statement of Changes in Equity

9

Notes to the Financial Statements

10

DIRECTOR:

G J Secker

REGISTERED OFFICE:

81 Bridge Road

East Molesey

Surrey

KT8 9HH

REGISTERED NUMBER:

04840493 (England and Wales)

AUDITORS:

CBHC (Audit) Ltd

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of 85320 - Technical and vocational secondary education

DIRECTOR

G J Secker held office during the whole of the period from 1 January 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

The company made no political donations and incurred no political expenditure during the year.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, CBHC (Audit) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

G J Secker - Director

23 December 2025

Opinion

We have audited the financial statements of Knowledge To Action Ltd (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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 opinion.

Material uncertainty relating to Going Concern

We draw attention to Note 2 in the financial statements - Going concern, which indicates that the company incurred a net profit of £965,577 during the year ended 31 December 2024. However, as of that date, the company’s current liabilities exceeded its total assets by £3,223,732. As stated in Note 2, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.

Our opinion is not modified in respect of this matter.

Other information

The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Director has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

I Harris FCA (Senior Statutory Auditor)

for and on behalf of CBHC (Audit) Ltd

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

23 December 2025

TURNOVER

8,078,809

10,187,795

Cost of sales

3,238,365

5,550,432

GROSS PROFIT

4,840,444

4,637,363

Administrative expenses

3,839,931

3,655,102

OPERATING PROFIT

5

1,000,513

982,261

Interest payable and similar expenses

34,936

206,653

PROFIT BEFORE TAXATION

965,577

775,608

Tax on profit

-

-

PROFIT FOR THE FINANCIAL YEAR

965,577

775,608

FIXED ASSETS

Tangible assets

7

45,407

38,783

Investments

8

1,323,287

1,323,287

1,368,694

1,362,070

CURRENT ASSETS

Debtors

9

3,837,591

4,440,665

Cash at bank

65,516

129,231

3,903,107

4,569,896

CREDITORS

Amounts falling due within one year

10

8,495,533

10,121,275

NET CURRENT LIABILITIES

(4,592,426

)

(5,551,379

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,223,732

)

(4,189,309

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

(3,223,832

)

(4,189,409

)

SHAREHOLDERS' FUNDS

(3,223,732

)

(4,189,309

)

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

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

G J Secker - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

(4,965,017

)

(4,964,917

)

Changes in equity

Total comprehensive income

-

775,608

775,608

Balance at 31 December 2023

100

(4,189,409

)

(4,189,309

)

Changes in equity

Total comprehensive income

-

965,577

965,577

Balance at 31 December 2024

100

(3,223,832

)

(3,223,732

)

1.	STATUTORY INFORMATION

Knowledge To Action Ltd 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.

Revenue recognition

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

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The company has reported a net profit for the year of £965,577 (2023: £775,608). There is a net liabilities position on the balance sheet amounting to £3,223,732 (2023: £4,189,309)

These financial circumstances may cast doubt upon the company's ability to continue as a going concern. Considering the continued support of the director and ultimate group owner and the support of other connected and group entities, the director is satisfied that the company has adequate financial resources to continue as a going concern.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the Statement of Financial Position date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. On this background, the directors consider there to be judgments applied only on depreciation policy of the fixed assets. There are no other judments in any other accounting policies that might have a material effect on the balances held at the Statement of Financial Position date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 32 ) .

5.	OPERATING PROFIT

The operating profit is stated after charging:

31/12/24

31/12/23

£

£

Depreciation - owned assets

37,779

54,931

6.	AUDITORS' REMUNERATION

31/12/24

31/12/23

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

21,611

20,115

7.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

208,648

Additions

44,403

At 31 December 2024

253,051

DEPRECIATION

At 1 January 2024

169,865

Charge for year

37,779

At 31 December 2024

207,644

NET BOOK VALUE

At 31 December 2024

45,407

At 31 December 2023

38,783

8.	FIXED ASSET INVESTMENTS

31/12/24

31/12/23

£

£

Participating interests

1,203,287

1,203,287

Other investments not loans

120,000

120,000

1,323,287

1,323,287

Additional information is as follows:

Interest

in joint

venture

£

COST

At 1 January 2024

and 31 December 2024

1,203,287

NET BOOK VALUE

At 31 December 2024

1,203,287

At 31 December 2023

1,203,287

Investments (neither listed nor unlisted) were as follows:

31/12/24

31/12/23

£

£

Art work

120,000

120,000

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

(7,566

)

35,318

Amounts owed by group undertakings

2,418,781

2,356,515

Other debtors

1,426,376

2,048,832

3,837,591

4,440,665

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

380,337

98,637

Amounts owed to group undertakings

97,990

97,990

Taxation and social security

60,384

1,751,387

Other creditors

7,956,822

8,173,261

8,495,533

10,121,275

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

100

Ordinary

1

100

100

12.

RESERVES

Retained

earnings

£

At 1 January 2024

(4,189,409

)

Profit for the year

965,577

At 31 December 2024

(3,223,832

)

13.	RELATED PARTY DISCLOSURES

The company is a 100% owned subsidiary of Knowledge to Action (Holdings) Limited, a company registered in England and Wales.The company has taken advantage of exemption under terms of FRS 102, not to disclose related party transactions with wholly owned subsidiaries within the group.

In addition the company is related to the following fellow subsidiaries:

Live Trading Floor Limited (registered in England and Wales)

Investment Marketing Solutions Limited (registered in England and Wales)

Learn to Trade Pty Limited (formerly Knowledge to Action Pty Limited, registered in Australia)

Learn to Trade Limited (registered in England and Wales)

FX Capital MA Limited (registered in England and Wales)

In addition to the above, the director of the company G Secker was a related party to the company.

Learn to Trade Pty Limited (registered in South Africa) is a company under common control.

The Greg Secker Foundation (formerly The Knowledge to Action Foundation, registered in England and Wales), K2AF Trading Limited (registered in England and Wales), Learn to Trade International Holdings (registered in Cyprus) and Smart Charts (Malta) were all under the common control of G Secker.

Global Success Summits Limited (registered in England and Wales) and Learn to Trade Limited were both under common ownership and control of G Secker. Learn Trading LLP (registered in England and Wales) is under common ownership and control of G Secker, and Knowledge to Action Ltd is a corporate member of the LLP.

G Secker was owed £2,597,839 from Knowledge to Action (2023: £63,959) as at the balance sheet date.

Cost recharges amounting to £3,605,119 (2023: £156,715) were made to Smart Charts Limited.

Included debtors are the following balances that are owed from related parties.

2024

2023

EmpowerU

11,960

Learn to trade uk Limited

1,087

1,087

K2A South Africa

385,981

372,224

Schubi Computer Software Trading LLC

216,808

460,958

K2A Foundation Charity

204,489

197,911

K2A Foundation Trading

44,729

42,840

Capital index Holdings

27,710

26,748

Learn to Trade International Holdings

108,865

97,845

EMC Events

257,683

PropserH Intercompany

7,218

1,766

LTT Mexico

19,634

1,028,480

1,459,062

Included creditors is the following balance owed by the company to related parties.

2024

2023

Smart Charts Malta

2,891,424

4,896,253

LTT Smartchart (Philippines)

1,154,908

157,577

Capital Index (UK) Limited

24,493

21,936

EmpowerU

-

1,327,516

Capital Index Global Limited

1,079,638

1,310,065

5,150,462

7,713,349

14.	ULTIMATE CONTROLLING PARTY

The ultimate parent company of the group, Knowledge to Action (Holdings) Limited prepares consolidated financial statements, which are available from Companies House. These financial statements include the results of Knowledge to Action Ltd