Company registration number 12481811 (England and Wales)
JUNIPER TRAINING HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
JUNIPER TRAINING HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Ms S L Broomhall
Miss S Hair
Ms L Holland
Mr R J Holt
Ms T Hughes
Mrs M Roberts
Company number
12481811
Registered office
5 Element Court
Hilton Cross Business Park
Wolverhampton
WV10 7QZ
Auditor
Sumer Auditco Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
JUNIPER TRAINING HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Profit and loss account
8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Company statement of cash flows
15
Notes to the financial statements
16 - 32
JUNIPER TRAINING HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The directors present the strategic report for the year ended 31 July 2025.

Juniper Holdings Ltd is a holding company for the trading subsidiary, Juniper Training Limited, which is a UK-based provider of professional development and corporate training services. The group support s in excess of 2,000 students per year and work with over 800 employers across various industries. W e are ideally placed to support students, adults, and employers in bridging the skills gaps between education and employment.

Our mission is to empower individuals and businesses with the knowledge and skills necessary to thrive in today’s rapidly changing workplace.

Review of the business

During 2025, the group has delivered thousands of training sessions to public and private sector organisations. Revenue grew by 34.1% year-on-year, reflecting strong demand for our services and successful expansion initiatives.

Key highlights include:

• Expanding our delivery locations and programmes, to meet local & national demands.

• Improving achievement rates, internal compliance functions and external scrutiny.

• Strengthened partnerships with over 800 employers to ensure training remains aligned with industry requirements.

Principal risks and uncertainties

The training sector faces several challenges that may impact business performance:

• Uncertainty around the Apprenticeship Levy: Recent announced changes to how the levy can be spent have resulted in some uncertainty for employers.

• Government Financial Pressures: Demand for programmes often outstrips what the Government are willing/able to fund. Also, some apprenticeship standards are not financially viable to run.

We actively monitor these risks, adapting our services and investing in technology to maintain competitiveness.

Future Outlook

In 2026, the group plans to:

• Expand the range of apprenticeship sectors offered, in order to continue to meet employer demand and skills shortages.

• Achieve approval to deliver Higher Education provision, to give our students a progression pathway.

• Continue to grow Study Programme to meet local training gaps.

We remain committed to delivering high-quality, impactful training that supports workforce development and addresses regional skills shortages.

Key performance indicators

The key performance indicators below show the effect that continued growth has had on the group during 2025. As expected turnover and operating profit are increasing as the group continues to expand and win new funding.

| 2025 | 2024
Turnover | 13,962,427 | 10,411,828
Operating Profit | 1,578,891 | 125,966
Net current assets | 903,232 | (60,906)

The key performance indicators show that, despite significant growth, the group has managed to increase its operating profit due to effective cost management. This has led to increased profits, and an increase in the net assets held by the group.

JUNIPER TRAINING HOLDINGS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
Environmental and Social Responsibility

The group supports sustainability by uti l ising remote meeting facilities, and some virtual learning options, reducing travel-related emissions. We invest in electric vehicles, energy efficient lighting and encourage shared staff travel where possible. By the nature of the work we do, we provide targeted support programmes to improve access to professional development for underrepresented groups.

On behalf of the board

Ms L Holland
Director
21 January 2026
JUNIPER TRAINING HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 July 2025.

Principal activities

The principal activity of the company and group continued to be that of youth and adult training and other educational services.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £102,199. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms S L Broomhall
Miss S Hair
Ms L Holland
Mr R J Holt
Ms T Hughes
Mrs M Roberts
Auditor

Sumer Auditco Limited were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Strategic report

The true group has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of the review of the business and principal risks and uncertainties

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to groups and companies entitled to the exemptions of the small companies regime.

On behalf of the board
Ms L Holland
Director
21 January 2026
JUNIPER TRAINING HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JULY 2025
- 4 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

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

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

JUNIPER TRAINING HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF JUNIPER TRAINING HOLDINGS LIMITED
- 5 -
Opinion

We have audited the financial statements of Juniper Training Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including 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 group's and the parent company's affairs as at 31 July 2025 and of the group's 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

JUNIPER TRAINING HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF JUNIPER TRAINING HOLDINGS LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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

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

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

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

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

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are 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 directors determine is 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 directors are responsible for assessing the group's and parent 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 directors either intend to liquidate the group or parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

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 an auditor's report 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.

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

- Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual.

- Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied.

- Reviewing and challenging the assumptions and judgements used by management in their significant accounting estimates.

- Specifically review the calculations of work in progress, including valuation and stage of completion, to confirm that management's estimates are reasonable and valued in accordance with the applicable financial reporting framework.

- Assessing the extent of compliance, or lack of, with the relevant laws and regulations.

- Testing key income lines, in particular cut-off, for evidence of management bias.

- Reviewing fixed assets for impairment, and challenging any assumptions made in this assessment.

- Obtaining confirmation of material bank and loan balances.

- Documenting and verifying all significant related party balances and transactions, and ensuring all balances are recoverable.

- Confirming all consolidation adjustments have ben correctly processed, in line with FRS102.

JUNIPER TRAINING HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF JUNIPER TRAINING HOLDINGS LIMITED
- 7 -

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters which we are required to address

The financial statements of the parent company or of the subsidiary company for the year ended 31st July 2024 were not audited. Accordingly, we do not express an opinion on the comparative figures included in these financial statements.

Use of our report

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Martin Bradley FCCA (Senior Statutory Auditor)
For and on behalf of Sumer Auditco Limited, Statutory Auditor
Chartered Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
23 February 2026
JUNIPER TRAINING HOLDINGS LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
13,962,426
10,411,828
Cost of sales
(7,680,728)
(6,238,849)
Gross profit
6,281,698
4,172,979
Administrative expenses
(4,702,808)
(4,047,012)
Operating profit
4
1,578,890
125,967
Interest receivable and similar income
6
13,511
8,496
Interest payable and similar expenses
7
(21,928)
(31,882)
Profit before taxation
1,570,473
102,581
Tax on profit
8
(433,954)
(49,869)
Profit for the financial year
1,136,519
52,712
Profit for the financial year is all attributable to the owners of the parent company.
JUNIPER TRAINING HOLDINGS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2025
- 9 -
2025
2024
£
£
Profit for the year
1,136,519
52,712
Other comprehensive income
-
-
Cash flow hedges gain arising in the year
-
0
-
0
Total comprehensive income for the year
1,136,519
52,712
Total comprehensive income for the year is all attributable to the owners of the parent company.
JUNIPER TRAINING HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
10
470,270
572,875
Total intangible assets
470,270
572,875
Tangible assets
11
161,707
53,999
631,977
626,874
Current assets
Debtors
14
635,171
465,981
Cash at bank and in hand
2,213,905
816,647
2,849,076
1,282,628
Creditors: amounts falling due within one year
15
(1,945,844)
(1,343,534)
Net current assets/(liabilities)
903,232
(60,906)
Total assets less current liabilities
1,535,209
565,968
Creditors: amounts falling due after more than one year
16
(444,936)
(540,000)
Provisions for liabilities
Deferred tax liability
18
37,457
7,472
(37,457)
(7,472)
Net assets
1,052,816
18,496
Capital and reserves
Called up share capital
20
1,000
1,000
Profit and loss reserves
1,051,816
17,496
Total equity
1,052,816
18,496

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 21 January 2026 and are signed on its behalf by:
21 January 2026
Ms L Holland
Director
Company registration number 12481811 (England and Wales)
JUNIPER TRAINING HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 31 JULY 2025
31 July 2025
- 11 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Investments
12
3,259,922
3,259,922
Current assets
Debtors
14
800
800
Creditors: amounts falling due within one year
15
(6,120)
-
0
Net current (liabilities)/assets
(5,320)
800
Total assets less current liabilities
3,254,602
3,260,722
Creditors: amounts falling due after more than one year
16
(2,020,765)
(1,938,384)
Net assets
1,233,837
1,322,338
Capital and reserves
Called up share capital
20
1,000
1,000
Share premium account
1,043,550
1,043,550
Revaluation reserve
175,415
257,796
Profit and loss reserves
13,872
19,992
Total equity
1,233,837
1,322,338

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £13,698 (2024 - £9,023 loss).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 21 January 2026 and are signed on its behalf by:
21 January 2026
Ms L Holland
Director
Company registration number 12481811 (England and Wales)
JUNIPER TRAINING HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
- 12 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 August 2023
1,000
34,784
35,784
Year ended 31 July 2024:
Profit and total comprehensive income
-
52,712
52,712
Dividends
9
-
(70,000)
(70,000)
Balance at 31 July 2024
1,000
17,496
18,496
Year ended 31 July 2025:
Profit and total comprehensive income
-
1,136,519
1,136,519
Dividends
9
-
(102,199)
(102,199)
Balance at 31 July 2025
1,000
1,051,816
1,052,816
JUNIPER TRAINING HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
- 13 -
Share capital
Share premium account
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 August 2023
1,000
1,043,550
336,819
19,992
1,401,361
Year ended 31 July 2024:
Loss and total comprehensive income for the year
-
-
-
(9,023)
(9,023)
Dividends
9
-
-
-
(70,000)
(70,000)
Other movements
-
-
(79,023)
79,023
-
Balance at 31 July 2024
1,000
1,043,550
257,796
19,992
1,322,338
Year ended 31 July 2025:
Profit and total comprehensive income
-
-
-
13,698
13,698
Dividends
9
-
-
-
(102,199)
(102,199)
Other movements
-
-
(82,381)
82,381
-
Balance at 31 July 2025
1,000
1,043,550
175,415
13,872
1,233,837
JUNIPER TRAINING HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
24
2,064,471
(187,451)
Interest paid
(21,928)
(31,882)
Income taxes paid
(49,245)
(115,193)
Net cash inflow/(outflow) from operating activities
1,993,298
(334,526)
Investing activities
Purchase of tangible fixed assets
(147,352)
(38,117)
Interest received
13,511
8,496
Net cash used in investing activities
(133,841)
(29,621)
Financing activities
Repayment of bank loans
(360,000)
(360,000)
Dividends paid to equity shareholders
(102,199)
(70,000)
Net cash used in financing activities
(462,199)
(430,000)
Net increase/(decrease) in cash and cash equivalents
1,397,258
(794,147)
Cash and cash equivalents at beginning of year
816,647
1,610,794
Cash and cash equivalents at end of year
2,213,905
816,647
JUNIPER TRAINING HOLDINGS LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2025
- 15 -
2025
2024
as restated
Notes
£
£
£
£
Cash flows from operating activities
Investing activities
Dividends received
102,199
70,000
Net cash generated from investing activities
102,199
70,000
Financing activities
Dividends paid to equity shareholders
(102,199)
(70,000)
Net cash used in financing activities
(102,199)
(70,000)
Net increase in cash and cash equivalents
-
-
Cash and cash equivalents at beginning of year
-
0
-
0
Cash and cash equivalents at end of year
-
0
-
0
JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 16 -
1
Accounting policies
Company information

Juniper Training Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 5 Element Court, Hilton Cross Business Park, Wolverhampton, WV10 7QZ.

The group consists of Juniper Training Holdings Limited and all of its subsidiaries.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Juniper Training Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 July 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 17 -

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the group and parent company ha ve adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Sale of services

Revenue from contracts for the provision of professional services from sources including grant awarding bodies is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able. Any grant income received in excess of the above is treated as deferred income, and recognised when the related costs are incurred.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 18 -
1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
3 years straight line
Plant and equipment
4 years straight line
Fixtures and fittings
4 years straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.8
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 19 -
1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod 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. Financial assets classified as receivable within one year are not amortised.

JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 20 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of 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 group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 21 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.12
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 22 -
1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.17

Revaluation reserve

The revaluation reserve/fair value reserve showing in these financial statements represents the effect of showing the loan between the parent and the subsidiary at its net present value, based on the expected repayment profile at the year end using a deemed interest rate.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 23 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Deferred income

Where an item of revenue relates partly to both the current and future years, the directors are required to estimate the proportion of income which relates to the current year.

This is done based on the level of associated costs assigned to a specific income stream in the financial year, in relation to the amount of income received. The net amount amount of income deferred into a future period is £76,884 (2024: £296,414), and the net amount of income accrued which is expected to be received in a future period is £295,297 (2024: £250,000)

Net present value of long term group loan balances

Interest free loans from the subsidiay to the parent company have been restated at their present value, based on the expected repayment profile at the year end using a deemed interest rate. Interest rates and repayment profiles have been estimated taking into account the most reliable information available at the reporting date.

The impact on the value of the loans in the parent company results included within these financial statements is £175,416 (2024: £257,796), as shown on the statement of changes in equity. Deemed interest has been charged on the loan totalling £82,380 (2024: £79,023)

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
ESFA
9,638,076
7,257,973
ESFA High needs
654,000
249,252
Apprenticeships
2,522,727
1,884,703
Bursary and Free School Meals
591,824
817,587
Other High Needs Income
297,157
50,046
Other Service Income
258,642
152,267
13,962,426
10,411,828
2025
2024
£
£
Other revenue
Interest income
13,511
8,496
JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 24 -
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Fees payable to the group's auditor for the audit of the group's financial statements
6,120
-
Depreciation of tangible fixed assets
37,804
35,805
Loss on disposal of tangible fixed assets
1,840
-
Amortisation of intangible assets
102,605
102,605
Operating lease charges
620,446
660,083
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Directors
6
6
6
6
Delivery
156
146
-
-
Management and Non Delivery
60
47
-
-
Total
222
199
6
6

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
6,095,887
5,105,907
-
0
-
0
Social security costs
596,349
437,621
-
-
Pension costs
200,355
111,968
-
0
-
0
6,892,591
5,655,496
-
0
-
0
6
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
13,511
8,496
JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
6
Interest receivable and similar income
(Continued)
- 25 -
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
13,511
8,496
7
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
21,974
32,408
Other finance costs:
Other interest
(46)
(526)
Total finance costs
21,928
31,882
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
403,969
49,199
Deferred tax
Origination and reversal of timing differences
29,985
670
Total tax charge
433,954
49,869

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,570,473
102,581
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
392,618
25,645
Tax effect of expenses that are not deductible in determining taxable profit
13,739
30
Permanent capital allowances in excess of depreciation
(28,039)
(1,374)
Amortisation on assets not qualifying for tax allowances
25,651
25,651
Tax at marginal rate
-
0
(753)
Deferred tax movement
29,985
670
Taxation charge
433,954
49,869
JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 26 -
9
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Interim paid
102,199
70,000
10
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 August 2024 and 31 July 2025
1,026,046
Amortisation and impairment
At 1 August 2024
453,171
Amortisation charged for the year
102,605
At 31 July 2025
555,776
Carrying amount
At 31 July 2025
470,270
At 31 July 2024
572,875
The company had no intangible fixed assets at 31 July 2025 or 31 July 2024.
11
Tangible fixed assets
Group
Leasehold improvements
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 August 2024
168,908
-
0
135,656
20,736
325,300
Additions
14,347
6,063
126,942
-
0
147,352
Disposals
-
0
-
0
(63,980)
-
0
(63,980)
At 31 July 2025
183,255
6,063
198,618
20,736
408,672
Depreciation and impairment
At 1 August 2024
159,282
-
0
92,905
19,114
271,301
Depreciation charged in the year
6,712
1,011
29,701
380
37,804
Eliminated in respect of disposals
-
0
-
0
(62,140)
-
0
(62,140)
At 31 July 2025
165,994
1,011
60,466
19,494
246,965
Carrying amount
At 31 July 2025
17,261
5,052
138,152
1,242
161,707
At 31 July 2024
9,626
-
0
42,751
1,622
53,999
JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
11
Tangible fixed assets
(Continued)
- 27 -
The company had no tangible fixed assets at 31 July 2025 or 31 July 2024.
12
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
13
-
0
-
0
3,259,922
3,259,922
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 August 2024 and 31 July 2025
3,259,922
Carrying amount
At 31 July 2025
3,259,922
At 31 July 2024
3,259,922
JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 28 -
13
Subsidiaries

Details of the company's subsidiaries at 31 July 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Juniper Training Limited
5 Element Court, Wolverhampton, WV10 7QZ
Ordinary
100.00
14
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
77,057
13,310
-
0
-
0
Other debtors
1,911
(29)
800
800
Prepayments and accrued income
556,203
452,700
-
0
-
0
635,171
465,981
800
800
15
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
17
360,000
360,000
-
0
-
0
Trade creditors
748,141
734,591
-
0
-
0
Corporation tax payable
403,923
49,199
-
0
-
0
Other taxation and social security
174,306
126,691
-
-
Accruals and deferred income
259,474
73,053
6,120
-
0
1,945,844
1,343,534
6,120
-
0
16
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
17
180,000
540,000
-
0
-
0
Other borrowings
17
-
0
-
0
2,020,765
1,938,384
Trade creditors
264,936
-
0
-
0
-
0
444,936
540,000
2,020,765
1,938,384
JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 29 -
17
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
540,000
900,000
-
0
-
0
Loans from group undertakings
-
0
-
0
2,020,765
1,938,384
540,000
900,000
2,020,765
1,938,384
Payable within one year
360,000
360,000
-
0
-
0
Payable after one year
180,000
540,000
2,020,765
1,938,384

The long-term loan is secured by a fixed charge over the assets of the company, dated 22 January 2021.

The company's long term loan has a fixed term of six years and will be repaid in equal capital instalments by January 2027. Interest on the loans from January 2022 onwards will be charged at 2.61%. There are no specific restrictions imposed on the entity by the loan provider.

18
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
37,457
7,472
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 August 2024
7,472
-
Charge to profit or loss
29,985
-
Liability at 31 July 2025
37,457
-

Of the deferred tax liability set out above, £9,025 is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 30 -
19
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
200,355
111,968

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

20
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
B1 ordinary of £1 each
288
288
288
288
B2 ordinary of £1 each
144
144
144
144
B3 ordinary of £1 each
144
144
144
144
B4 ordinary of £1 each
144
144
144
144
B5 ordinary of £1 each
80
80
80
80
A ordinary of £1 each
200
200
200
200
1,000
1,000
1,000
1,000
21
Operating lease commitments
As lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within 1 year
267,871
359,701
-
-
Years 2-5
480,414
682,341
-
-
748,285
1,042,042
-
-
22
Related party transactions

The company has taken advantage of the exemption under paragraph 33.1A of FRS102 relating to subsidiaries where 100% of the voting rights are controlled within the group not to disclose transactions and balances between the company and fellow group undertakings.

JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 31 -
23
Controlling party

There is no one controlling party. The company is controlled by its directors, by virtue of their overall shareholding.

24
Cash generated from/(absorbed by) group operations
2025
2024
£
£
Profit after taxation
1,136,519
52,712
Adjustments for:
Taxation charged
433,954
49,869
Finance costs
21,928
31,882
Investment income
(13,511)
(8,496)
Loss on disposal of tangible fixed assets
1,840
-
Amortisation and impairment of intangible assets
102,605
102,605
Depreciation and impairment of tangible fixed assets
37,804
35,805
Movements in working capital:
Increase in debtors
(169,190)
(251,371)
Increase/(decrease) in creditors
512,522
(200,457)
Cash generated from/(absorbed by) operations
2,064,471
(187,451)
25
Cash generated from operations - company
2025
2024
£
£
Profit/(loss) after taxation
13,698
(9,023)
Adjustments for:
Finance costs
82,381
79,023
Investment income
(102,199)
(70,000)
Movements in working capital:
Increase in creditors
6,120
-
Cash generated from operations
-
-
26
Analysis of changes in net funds/(debt) - group
1 August 2024
Cash flows
31 July 2025
£
£
£
Cash at bank and in hand
816,647
1,397,258
2,213,905
Borrowings excluding overdrafts
(900,000)
360,000
(540,000)
(83,353)
1,757,258
1,673,905
JUNIPER TRAINING HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 32 -
27
Analysis of changes in net debt - company
1 August 2024
Market value movements
31 July 2025
£
£
£
Borrowings excluding overdrafts
(1,938,384)
(82,381)
(2,020,765)
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