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Registered number: 04372425









RESULTS CONSORTIUM LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2025

 
RESULTS CONSORTIUM LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2025



Introduction
 
Results Consortium is a higher education provider dedicated to widening participation and delivering high-quality, career-focused education. As an OfS-approved English higher education institution, we aim to create meaningful opportunities for ambitious students who are eager to make a strong impact in their careers.
 
Our academic programmes are designed to enhance both professional skills and employability. Through an innovative, hands-on approach, we ensure students gain the practical knowledge and industry-relevant experience needed to succeed.
 
Our directors are committed to continuous improvement and maintain a strong culture of reflection, drawing on feedback from learners, partners, and stakeholders to strengthen our provision. As part of our long-term strategic vision, we aspire to achieve degree-awarding powers in the UK and to deliver education that meets rigorous quality-assurance standards through effective, transparent quality systems.
 
In alignment with this vision, the Consortium has developed a range of undergraduate programmes in collaboration with reputable universities, ensuring that our students benefit from both academic excellence and strong industry engagement.

Business review
 
The directors are satisfied with the company’s overall performance and remain confident that turnover and profitability will continue to improve in the foreseeable future. To sustain steady growth, the company is committed to continuously strengthening both its digital and physical infrastructure. Investment in digital content and IT systems supports a proactive learning approach, enhancing teaching and learning engagement for students, and ultimately improving retention and success rates.
As part of this commitment, the company has undertaken a comprehensive digital transformation, including significant upgrades to the student management system to enable smoother transitions, better data capture, and enhanced reporting. These improvements facilitate more data-driven decision-making, aligning operational performance with the strategic goals of the organisation.
As part of our business strategy, Microsoft Intune is being implemented to enhance the overall security and resilience of our IT infrastructure. Intune provides centralised management and protection of all devices and applications, ensuring that only compliant, secure, and trusted endpoints can access company resources. Enforcing strong security policies reduces operational risk across the organisation.
In addition, the company has implemented new Talent Management software across all departments to drive efficiency, ensure accuracy, and improve the overall employee experience. This investment ensures that human resources processes are streamlined and that staff development and engagement are optimised to support the organisation’s objectives.
Market trends indicate that flexibility in education is a key factor for students when choosing higher education programmes. Technological advancements now make it possible to deliver engaging, immersive learning experiences that develop both hard and soft skills, preparing students for future professional roles. By continuing to invest in IT infrastructure and digital resources, the company ensures that these experiences are delivered effectively, complementing and enhancing the overall teaching and learning environment.

Results Consortium NSS Results Summary
Results Consortium has delivered an excellent academic experience in the 2025 NSS results across the seven themes. It has consistently exceeded the national benchmark in every theme, demonstrating strong teaching quality, academic support systems and effective student engagement practices.
 
Page 1

 
RESULTS CONSORTIUM LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025


For the theme Teaching on my course, 97.5% was achieved, surpassing the benchmark of 95.5%. Similarly, Learning opportunities received 97.5%, exceeding the national benchmark of 95.3%. In the area of Assessment and feedback, Results Consortium recorded 96.4%, slightly above the 95.6% benchmark. Academic support scored 97.3%, compared to the benchmark of 96.5%. Organisation and management and Learning resources also remained consistently high at 97.1% and 96.8%, outperforming benchmarks of 96.2% and 95.6% respectively.
Finally, for Student voice, Results Consortium achieved 96.7%, higher than the benchmark of 94.3%, reflecting Results Consortium’s dedication to ensuring students feel heard and involved in shaping their learning experience.
Average results per the seven NSS themes for Results Consortium
img0e93.png

As part of the corporate strategy, the following actions are planned: 
Achieve academic excellence through regular review of management structures and processes
Achieve the teaching excellence framework, the target of which is the gold standards when the application window opens
Continue to control costs and secure value for money from all activities
Develop digital platforms and scalable solutions to offer micro-credentials—short, stackable, credit-bearing courses—supporting the new lifelong learning entitlement and expanding flexible learning opportunities.
Maintain a continued commitment to widening participation to reach wider communities
Attain a high level of student satisfaction and continuously improve the student experience and student retention
Provide the skills needed to local businesses supporting regional economic growth
Introduce Master's level programs.
New degree-level programmes to be validated in partnership with the university partners
Page 2

 
RESULTS CONSORTIUM LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025



Public Benefit

Although the college operates as a profit-making entity, it remains firmly committed to its social responsibilities.
The institution delivers a range of meaningful public benefits, including:
Increasing access for disadvantaged individuals by providing the support, qualifications, and skills necessary for meaningful career progression and long-term advancement.
Expanding educational accessibility through the use of digital platforms and advanced technology, enabling flexible learning for a wider community.
Contributing to local economic growth by engaging with employers and supporting workforce development.
Delivering high-quality education and fostering strong learner engagement through effective, research informed teaching and learning practices.

Principal risks and uncertainties
 
The majority of the company’s income is ultimately funded by the UK Government, accessed through direct contracts and sub-contracting arrangements.

The primary risk facing the company is any change in government policy or funding priorities. In the higher education sector, funding is closely linked to Government initiatives and is allocated on an annual basis. Changes in these priorities can directly impact the company’s financial stability and operational planning.

Post-Brexit shifts, ongoing social mobility challenges, and national skills shortages further highlight the importance of sustained Government investment in further and higher education. Any reduction or redirection of funding could affect the company’s ability to deliver its programmes, support students from disadvantaged backgrounds, and achieve strategic growth objectives.

Financial key performance indicators
 
The company's turnover has increased from £4.93 million in 2024 to £8.76 million in the current year. Also, operating profits increased from £891k in 2024 to £1.88 million in the current year.
 
The company remains financially viable, supported by consistently positive retained earnings and a strong liquidity position, as evidenced by a high current ratio.
Other key performance indicators
 
Continued approval as an OFS- Higher Education Provider
Maintained OFSTED Grade 2 status
Maintained Matrix Accreditation
Achieved a positive outcome of the awarding body's annual program review monitoring report
Enhanced the student information system to enhance student experience and strengthen management control
Approval in principle for the BSc (Hons) Digital Business with Foundation Year under the validated provision from the partner University

Page 3

 
RESULTS CONSORTIUM LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025

New projects
 
Validation of new degree-level programmes with university partners, including areas such as Digital Technology (AI, Cybersecurity, Data Science, and Software Engineering), Sustainability, Innovation, and Design Thinking.
Development of new master’s level programmes to provide progression to existing and new students.
Expansion into other HND programmes
Development, revision, and digitisation of more teaching and learning content and utilisation of higher-level technology
Expansion of the delivery location in Crewe to increase regional access and support broader community engagement

Competition

The provision of degree courses in the UK, particularly in major cities such as London, is highly competitive, with students able to choose between public universities, private universities, and independent providers. The company addresses this competitive risk by consistently maintaining high standards, delivering quality teaching, and ensuring strong student satisfaction. Additionally, the college operates in Northampton and is expanding its presence with a new campus in Crewe, enhancing access for students in these regions.
Global economic uncertainty
The recent waves of global economic uncertainty present challenges for many businesses, including those in the higher education sector. In response, the governing board is proactively exploring opportunities to broaden the scope of the organisation and strengthen long-term resilience. As outlined in the strategic report, the college aims to introduce new academic programmes in collaboration with reputable university partners. This approach not only supports diversification of the curriculum but also enhances the institution’s competitiveness, sustainability, and ability to respond effectively to evolving student and industry needs. Additionally, the college continues to monitor market trends and external risks to inform strategic decision-making and ensure continued growth in an unpredictable economic environment.
Statement of Corporate Governance and Internal Controls
Results Consortium Ltd is governed by the Board of Directors and other committees. The Board of Directors of is responsible for ensuring that the company conducts its affairs in accordance with the principles of good governance and maintains an effective system of internal control. 
The Board has oversight of the strategic direction, financial sustainability, and risk management of the college. It ensures that appropriate structures and processes are in place to deliver accountability, transparency, and compliance with statutory and regulatory obligations, including those under the Companies Act 2006.
The governance arrangements of the college aim to meet the expectations of the UK Higher Education sector, in the core values and primary elements of governance as set out in the Higher Education Code of Governance, published by the Committee of University Chairs.
The board members have appointed a Principal and also established a Board of Governance and Academic Board. The Principal and the Academic Board are in turn supported by a range of committees and steering groups. Although ultimate decision-making lies with the Board of Directors, in practice all decisions relating to the management and practical operation of the College are taken jointly or in consultation with the committees of the Board of Directors.
The Board of Governance takes the lead in setting strategy, objectives and monitoring of performance and academic governance. It also scrutinises the entire academic operation of the college, receiving reports and ancillary documents as necessary.
 
Page 4

 
RESULTS CONSORTIUM LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025

Transparency, Adequacy and Effectiveness
The Board of Directors of Results Consortium Ltd ensures that there are adequate and effective arrangements in place to ensure public funds are managed appropriately, in line with the conditions of the principles of regularity and propriety. Hence, the Governance Framework include necessary measures to ensure the application of these principles.
To achieve regularity and propriety, the Company's governance arrangements are laid out based on appropriate segregation of duties, so that no single individual has unfettered power. Collective scrutiny is achieved by joint work between the Board of Directors and Board of Governance.
Assessing the use of OfS funding, and in particular ensuring that it has been spent in line with any restrictions placed thereon, is a matter that the External Auditors have considered in their work on the Financial Statements.
Internal Controls
The college has appropriate risk management framework in place in order to prevent and detect various risks affecting the sustainability of the college operations.
The internal control arrangements ensure that public funds received are spent consistently and in strict accordance with the purposes for which those funds were given.
The College ensures that regularity is maintained for all items of expenditure and receipts to be dealt with following the UK Generally Accepted Accounting Principles and that the expenses incurred present a true and fair view and that the expenses were exclusively and necessarily incurred for the essential activities of the Company and the College.
Internal controls are collectively scrutinised by the Board of Directors and Board of Governance. The Board acknowledges that it is responsible for ensuring that a sound system of internal control is maintained, and that it has reviewed the effectiveness of these arrangements.
Although internal arrangements are efficient and effective, the college’s external auditors also provide assurance of its risk management and internal controls.
Compliance and regulatory risk
Higher Education is significantly regulated within England. Legislative and policy changes affect the company's day to day business, such as availability of student funding or changes to fees can have impact on our business.
Since registration with the OfS the company is required to comply with all Conditions of Registration. To monitor compliance with the Conditions of Registration, the company maintains an OfS compliance register. Monitoring compliance is undertaken by the company's senior management and leadership team, the Board of Directors.
 



This report was approved by the board on 15 December 2025 and signed on its behalf.





Sreejith Somanathan
Director

Ranveersing Rajmun
Director

Page 5

 
RESULTS CONSORTIUM LIMITED
REGISTERED NUMBER: 04372425

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
  
214,068
103,500

Tangible assets
 9 
47,409
48,664

  
261,477
152,164

Current assets
  

Debtors: amounts falling due within one year
 10 
1,715,425
1,194,533

Cash at bank and in hand
 11 
3,860,524
1,778,361

  
5,575,949
2,972,894

Creditors: amounts falling due within one year
 12 
(3,656,849)
(2,060,189)

Net current assets
  
 
 
1,919,100
 
 
912,705

Total assets less current liabilities
  
2,180,577
1,064,869

Creditors: amounts falling due after more than one year
 13 
-
(11,630)

  

Net assets
  
2,180,577
1,053,239


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
2,179,577
1,052,239

  
2,180,577
1,053,239


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.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 December 2025.


Sreejith Somanathan
Ranveersing Rajmun
Director
Director

The notes on pages 9 to 19 form part of these financial statements.
Page 6

 
RESULTS CONSORTIUM LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 August 2023
1,000
473,783
474,783


Comprehensive income for the year

Profit for the year

-
678,456
678,456


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
678,456
678,456


Contributions by and distributions to owners

Dividends: Equity capital
-
(100,000)
(100,000)


Total transactions with owners
-
(100,000)
(100,000)



At 1 August 2024
1,000
1,052,239
1,053,239


Comprehensive income for the year

Profit for the year

-
1,440,338
1,440,338


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
1,440,338
1,440,338


Contributions by and distributions to owners

Dividends: Equity capital
-
(313,000)
(313,000)


Total transactions with owners
-
(313,000)
(313,000)


At 31 July 2025
1,000
2,179,577
2,180,577


The notes on pages 9 to 19 form part of these financial statements.

Page 7

 
RESULTS CONSORTIUM LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2025

2025
2024
£
£

Cash flows from operating activities

Profit for the financial year
1,922,711
899,056

Adjustments for:

Amortisation of intangible assets
53,517
-

Depreciation of tangible assets
50,901
30,218

Interest paid
424
680

Interest received
(37,099)
(8,634)

(Increase) in debtors
(343,536)
(894,075)

Increase in creditors
1,156,126
1,325,483

Corporation tax (paid)
(220,600)
(97,521)

Net cash generated from operating activities

2,582,444
1,255,207


Cash flows from investing activities

Purchase of intangible fixed assets
(164,085)
-

Purchase of tangible fixed assets
(49,647)
(58,254)

Interest received
37,099
8,634

Net cash from investing activities

(176,633)
(49,620)

Cash flows from financing activities

Repayment of loans
(10,224)
(9,968)

Dividends paid
(313,000)
(100,000)

Interest paid
(424)
(680)

Net cash used in financing activities
(323,648)
(110,648)

Net increase in cash and cash equivalents
2,082,163
1,094,939

Cash and cash equivalents at beginning of year
1,778,361
683,422

Cash and cash equivalents at the end of year
3,860,524
1,778,361


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
3,860,524
1,778,361

3,860,524
1,778,361


The notes on pages 9 to 19 form part of these financial statements.

Page 8

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

1.


General information

Results Consortium Limited is a company limited by shares and incorporated in England. The company's registered number and registered office address can be found on the Company Information page. The principle activity of the company during the year was the delivery of government funded degree and diploma programmes.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has maintained a reasonable liquidity ratio to deal with the amount that will fall due within one year. After making necessary enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Going concern is therefore considered appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

All incoming resources are recognised when the company has entitlement to the funds, the receipt is probable and the amount can be measured reliably. The income is spread over the years from the date of start of cohort.

Page 9

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Page 10

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Development cost of Computer software is amortised over 5 years on straight line basis. 

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Straight line basis
Office equipment
-
25%
Straight line basis
Computer equipment
-
50%
Straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 11

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially
Page 12

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)


2.15
Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.
 


4.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
482,373
220,600


482,373
220,600


Total current tax
482,373
220,600

Deferred tax

Total deferred tax
-
-


Tax on profit
482,373
220,600

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  25% (2024 - 25%).


Page 13

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

5.


Employees

2025
2024
£
£

Wages and salaries
2,525,882
1,784,044

Cost of defined contribution scheme
31,208
29,042

2,557,090
1,813,086


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Admin and teaching staff
69
58



6.


Senior staff pay

During the year ended 31 July 2025, there were 2 staff members who had a full-time equivalent basic salary of over £100,000 per annum (2024: nil).       


2025
2024
£
£

Basic salary per annum


£100,000 - £104,999
-
-

£105,000 - £109,999
-
-

£110,000 - £114,999
-
-

£115,000 - £119,999
-
-

£120,000 - £124,999
2
-

Page 14

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025




Total remuneration paid to the Principal, head of the provider, were as follows:

2025
2024
£
£
Salary

67,500

67,500

Bonus

10,000

10,000

Pension contributions

1,321

1,321

78,821

78,821


The principal, head of the provider, was paid the above emoluments between August 2024 and July 2025.
The head of the provider’s basic salary is 2.26 times the median pay of staff, where the median pay is calculated on a full-time equivalent basis for the salaries paid by the provider to its staff.
The head of the provider’s total remuneration is 2.60 times the median total remuneration of staff, where the median total remuneration is calculated on a full-time equivalent basis for the total remuneration by the provider of its staff.
The principal has a permanent full-time contract with the provider. The remuneration package was appropriately designed based on his experience and expertise. This is to inspire and motivate the principle to devote to his duties the time needed to fulfil his contractual obligations for the upliftment of the organisation.
Severance payments:
No payments were made during the year (2024: £nil) in respect of compensation for loss of office.



7.


Details of fee income

2025
2024
£
£



Fee income for taught awards
8,765,414
4,843,379

Fee income from non-qualifying courses
-
94,910

8,765,414
4,938,289

Page 15

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

8.


Intangible assets




Computer software

£



Cost


At 1 August 2024
103,500


Additions
164,085



At 31 July 2025

267,585



Amortisation


Charge for the year on owned assets
53,517



At 31 July 2025

53,517



Net book value



At 31 July 2025
214,068



At 31 July 2024
103,500



Page 16

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

9.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2024
60,272
22,608
17,534
100,414


Additions
25,649
-
23,998
49,647



At 31 July 2025

85,921
22,608
41,532
150,061



Depreciation


At 1 August 2024
27,022
15,961
8,767
51,750


Charge for the year on owned assets
26,812
3,324
20,766
50,902



At 31 July 2025

53,834
19,285
29,533
102,652



Net book value



At 31 July 2025
32,087
3,323
11,999
47,409


10.


Debtors

2025
2024
£
£


Trade debtors
705,913
1,061,920

Other debtors
899,464
42,398

Prepayments and accrued income
110,048
90,215

1,715,425
1,194,533



11.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
3,860,524
1,778,361

3,860,524
1,778,361


Page 17

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

12.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
11,375
9,969

Trade creditors
497,313
179,986

Corporation tax
659,729
220,600

Other taxation and social security
114,894
88,269

Other creditors
89,938
86,809

Accruals and deferred income
2,283,600
1,474,556

3,656,849
2,060,189


The bank loan represents a Bounce Back Loan which is repayable by monthly installments and carries interest @ 2.5% p.a.

2025
2024
£
£

Other taxation and social security

PAYE/NI control
62,271
41,802

VAT control
52,623
46,467

114,894
88,269



13.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
-
11,630

-
11,630



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £31,208 (2024: £29,042). Contributions totaling £14,514 (2024: £11,381) were payable to the fund at the reporting date.

Page 18

 
RESULTS CONSORTIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

15.


Related party transactions

During the year, the Company paid dividends of £313,000 (2024: £100,000) to the directors. 
During the year, the Company provided various unsecured advances to the directors totaling £530,692 (2024: £nil). Amount owed by the directors at the year end was £525,127 (2024: credit balance £5,400) which is included in other debtors. These advances are repayable on demand and carry interest at the rate of 2.25% p.a.
During the year, a company under common control provided various services totaling  £1,429,550 (2024: £228,319) to the company.  Amount owed by the Company at year end was £99,158 (2024: £84,011). 


16.


Controlling party

The Company is controlled by the directors.


17.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2025 was unqualified.

The audit report was signed on 15 December 2025 by Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.

 
Page 19