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Registered number: 09625504
The World Continuing Education Alliance Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Roy Pinnock & Co LLP
The World Continuing Education Alliance Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
The World Continuing Education Alliance Ltd
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 09625504

| 2025 | 2024 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 622,899 |  | 822,003
Tangible Assets | 5 |  | 1,974 |  | 2,033
Investments | 6 |  | 2,586 |  | 2,586
|  |  | 627,459 |  | 826,622
CURRENT ASSETS
Debtors | 7 | 43,483 |  | 576,447 |
Cash at bank and in hand |  | 33,137 |  | 314,883 |
|  | 76,620 |  | 891,330 |
Creditors: Amounts Falling Due Within One Year | 8 | (488,655 ) |  | (400,539 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (412,035 ) |  | 490,791
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 215,424 |  | 1,317,413
Creditors: Amounts Falling Due After More Than One Year | 9 |  | - |  | (10,000 )
NET ASSETS |  |  | 215,424 |  | 1,307,413
CAPITAL AND RESERVES
Called up share capital | 10 |  | 3,472,573 |  | 3,472,573
Share premium account |  |  | 3,633,947 |  | 3,633,947
Profit and Loss Account |  |  | (6,891,096 ) |  | (5,799,107 )
SHAREHOLDERS' FUNDS |  |  | 215,424 |  | 1,307,413

Page 1
Page 2
The World Continuing Education Alliance Ltd
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Graham Hellier Director
02/02/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
The World Continuing Education Alliance Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
The World Continuing Education Alliance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09625504 . The registered office is Wren House, 68 London Road, St Albans, Herts, AL1 1NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
The company has changed its accounting policy for research and development expenditure. The previous accounting policy was to treat all development expenditure as if it were all incurred in the research phase only. The new accounting policy is to recognise the development expenditure as intangible assets as it is felt this gives a better reflection of the assets of the company. Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful life over 10 years on a straightline basis. Amortisation expenses for the year are included in administrative expenses.
The changes in the accounting policy has been applied retrospectively with amortisation being back dated to when the expenditure was incurred, and comparative information has been restated accordingly.
The effect of the change is to reduce the reported loss for 2024 by £463,617, and to increase the opening balance of retained earnings by £463,617. The effect in the current year is a reduction in the loss by £15,928.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
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.
Intellectual Property are being amortised evenly over their estimated useful life of ten years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment | 25% on cost

2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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The World Continuing Education Alliance Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 5)
9 5
4. Intangible Assets

| Development Costs | Intellectual Property | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 July 2024 | 844,595 | 2,150,319 | 2,994,914
Additions | 111,542 | - | 111,542
As at 30 June 2025 | 956,137 | 2,150,319 | 3,106,456
Amortisation
As at 1 July 2024 | 380,978 | 1,791,933 | 2,172,911
Provided during the period | 95,614 | 215,032 | 310,646
As at 30 June 2025 | 476,592 | 2,006,965 | 2,483,557
Net Book Value
As at 30 June 2025 | 479,545 | 143,354 | 622,899
As at 1 July 2024 | 463,617 | 358,386 | 822,003

The company has changed its accounting policy for research and development expenditure. The previous accounting policy was to treat all development expenditure as if it were all incurred in the research phase only. The new accounting policy is to recognise the development expenditure as intangible assets. Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful life over 10 years on a straightline basis. Amortisation expenses for the year are included in administrative expenses.
The changes in the accounting policy has been applied retrospectively with amortisation being dack dated to when the expenditure was incurred, and comparative information has been restated accordingly.
The effect of the change is to reduce the reported loss for 2024 by £463,617, and to increase the opening balance of retained earnings by £463,617. The effect in the current year is a reduction in the loss by £15,928.
Page 4
Page 5
The World Continuing Education Alliance Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
5. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 July 2024 | 18,052
Additions | 825
As at 30 June 2025 | 18,877
Depreciation
As at 1 July 2024 | 16,019
Provided during the period | 884
As at 30 June 2025 | 16,903
Net Book Value
As at 30 June 2025 | 1,974
As at 1 July 2024 | 2,033

6. Investments

| Subsidiaries
--- | ---
| £
Cost
As at 1 July 2024 | 2,586
As at 30 June 2025 | 2,586
Provision
As at 1 July 2024 | -
As at 30 June 2025 | -
Net Book Value
As at 30 June 2025 | 2,586
As at 1 July 2024 | 2,586

7. Debtors

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 22,030 |  | 570,843
Other debtors | 21,453 |  | 5,604
| 43,483 |  | 576,447

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The World Continuing Education Alliance Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Trade creditors | 19,538 |  | 30,148
Bank loans and overdrafts | 10,000 |  | 10,073
Other loans | 115,000 |  | -
Other creditors | 332,700 |  | 354,909
Taxation and social security | 11,417 |  | 5,409
| 488,655 |  | 400,539

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 10,000

10. Share Capital

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 3,472,573 |  | 3,472,573

11. Related Party Transactions
During the year the company received a loan of £115,000 from Scarborough House Ltd , a company in which a director is also a director & majority shareholder.
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