Company registration number 03935677 (England and Wales)
Frog Education Limited
FINANCIAL STATEMENTS
for the year ended 30 June 2025
PAGES FOR FILING WITH REGISTRAR
Frog Education Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Frog Education Limited
Statement Of Financial Position
as at 30 June 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,726
29,384
Investments
4
1
1
16,727
29,385
Current assets
Debtors
3,720,227
3,726,552
Cash at bank and in hand
1,453,469
1,578,382
5,173,696
5,304,934
Creditors: amounts falling due within one year
(998,917)
(1,135,479)
Net current assets
4,174,779
4,169,455
Net assets
4,191,506
4,198,840
Capital and reserves
Called up share capital
14,028
14,028
Share premium account
2,296,144
2,296,144
Capital redemption reserve
68
68
Profit and loss reserves
1,881,266
1,888,600
Total equity
4,191,506
4,198,840

The notes on pages 2 to 6 form part of these financial statements.

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

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 August 2025 and are signed on its behalf by:
G J Davies
Director
Company registration number 03935677 (England and Wales)
Frog Education Limited
Notes to the financial statements
for the year ended 30 June 2025
- 2 -
1
Accounting policies
Accounting convention

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 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company.

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

The company has taken advantage of the exemption under section 40 1 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has 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.

Turnover

The company recognises revenue as follows:

- software licence fees are recognised at the point when the licence is granted.

- fees for access to the company's hosted software are recognised on a straight line basis over the period of the contract term;

- fees for training, consultancy, implementation and other services are recognised as performed; and

- annual hosting, support and maintenance income is recognised over the period of delivery of the contract on a pro-rata basis.

Turnover includes licence fee income from the subsidiary company which is recognised on an accruals basis.

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
over the lease term
Office equipment, furniture and fittings
over 3-7 years straight line

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 credited or charged to profit or loss.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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

Frog Education Limited
Notes to the financial statements (continued)
for the year ended 30 June 2025
1
Accounting policies
(continued)
- 3 -
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 income statement 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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

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.

Retirement benefits

For defined contribution schemes the amount charges to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income 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 asset are consumed.

Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

Research and development expenditure

Research and development expenditure is charged to profits in the period in which it is incurred.

2
Employees

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

2025
2024
Number
Number
Total
25
27
Frog Education Limited
Notes to the financial statements (continued)
for the year ended 30 June 2025
- 4 -
3
Tangible fixed assets
Leasehold improvements
Office equipment, furniture and fittings
Total
£
£
£
Cost
At 1 July 2024
7,847
84,010
91,857
Additions
-
0
1,574
1,574
At 30 June 2025
7,847
85,584
93,431
Depreciation and impairment
At 1 July 2024
1,636
60,837
62,473
Depreciation charged in the year
1,569
12,663
14,232
At 30 June 2025
3,205
73,500
76,705
Carrying amount
At 30 June 2025
4,642
12,084
16,726
At 30 June 2024
6,211
23,173
29,384
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1
1
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its loss 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.

Senior Statutory Auditor:
Charles R Moorby
Statutory Auditor:
B M Howarth Ltd
Date of audit report:
22 August 2025
Frog Education Limited
Notes to the financial statements (continued)
for the year ended 30 June 2025
- 5 -
6
Operating lease commitments
Lessee

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

2025
2024
£
£
160,584
216,864
Frog Education Limited
Notes to the financial statements (continued)
for the year ended 30 June 2025
- 6 -
7
Parent company

The ultimate controlling party of Frog Education Limited is considered to be the Yeoh family by virtue of its control of Yeoh Tiong Lay & Sons Family Holdings Limited, a company incorporated in Jersey and the ultimate parent company of Frog Education Limited. The immediate parent company is Frog Education Group Limited.

The smallest and largest group for which consolidated accounts including Frog Education Limited are prepared is that headed by YTL Power International Berhad, a company listed in Malaysia. The accounts are publicly available and can be obtained from the company's registered office, 11th Floor, Yeoh Tiong Lay Plaza, 55 Jalan Bukit Bintang, 55100 Kuala Lumpar, Malaysia.

8
Company information

Frog Education Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bowling Mill, 2nd Floor West, Dean Clough, Halifax, West Yorkshire, HX3 5AX.

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