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Registered number: 14694561
| FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 DECEMBER 2025
| TLE AT WEYBRIDGE UK LIMITED
TLE AT WEYBRIDGE UK LIMITED |  |
COMPANY INFORMATION
Directors | S Levine (resigned 31 July 2025)
| S Paine (resigned 13 November 2025)
| R Weissman
| M Moon (appointed 13 November 2025)
Registered number | 14694561
Registered office | 4th Floor
| 95 Gresham Street
| London
| EC2V 7AB
Independent auditor | Menzies LLP
| Chartered Accountants & Statutory Auditor
| 4th Floor
| 95 Gresham Street
| London
| EC2V 7AB
TLE AT WEYBRIDGE UK LIMITED |  |
CONTENTS
| Page
Statement of financial position | 1
Notes to the financial statements | 2 - 6
TLE AT WEYBRIDGE UK LIMITED REGISTERED NUMBER:14694561 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 1,097,202 |  | 1,127,576
|  |  | 1,097,202 |  | 1,127,576
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 128,712 |  | 14,598 |
Cash at bank and in hand |  | 22,828 |  | 15,793 |
|  | 151,540 |  | 30,391 |
Creditors: amounts falling due within one year | 7 | (1,103,333) |  | (248,681) |
Net current liabilities |  |  | (951,793) |  | (218,290)
Total assets less current liabilities |  |  | 145,409 |  | 909,286
Creditors: amounts falling due after more than one year | 8 |  | (119,467) |  | (103,801)
Net assets |  |  | 25,942 |  | 805,485
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 25,842 |  | 805,385
|  |  | 25,942 |  | 805,485
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 income and retained earnings 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 by:
R Weissman
Director
Date: 1 April 2026
The notes on pages 2 to 6 form part of these financial statements. Page 1
TLE AT WEYBRIDGE UK LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
TLE at Weybridge UK Limited is a private company, limited by shares, incorporated in England in Wales under the Companies Act 2006. The address of the registered office is disclosed on the company information page and the principal place of business is 58 Church St, Weybridge, KT13 8DP. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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 following principal accounting policies have been applied:
| 2.2 | Going concern
The Company has full support from its parent company, The Learning Experience Corporation, enabling the company to meet its liabilities as they full due. The Learning Experience Corporation has indicated its intention to provide funding support without restriction for a period of at least 12 months from the approval of these financial statements. The Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the approval of the financial statements and therefore have prepared the financial statements on a going concern basis.
| 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. Tuition revenue is recognised in the period in which the services are provided. Payments received in advance are deferred into the period in which they relate.
| 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.
| 2.5 | 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. Page 2
TLE AT WEYBRIDGE UK LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | 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:
|  |  |  | Short-term leasehold property | - |  | Over the life of the lease
|  |  |  | Plant and machinery | - | 33% | straight line
|  |  |  | Fixtures and fittings | - | 20% | straight line
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.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances Impairment of tangible fixed assets Where indicators of impairment are identified, the Directors assess the recoverable amount of tangible fixed assets based on value in use calculations, derived from forecast future cash flows. This assessment requires the application of significant judgement, particularly in relation to the timing and level of future revenues, expected child registration numbers, and the associated operating costs. Changes in these assumptions could have a material impact on the carrying value of the assets that lead to impairment charges being recognised. Provision against bad debts The Directors recognise a provision for receivables considered to be at risk of non-recovery, including all balances outstanding for more than 180 days. This represents a key source of estimation uncertainty, as the ultimate recovery of these balances may differ from the amounts provided. The provision primarily relates to amounts due from local authorities, where settlement can be subject to delays. While such balances are often ultimately recoverable, there remains a degree of uncertainty at the reporting date, requiring judgement in determining the appropriate level of provision.
4. | Employees
| The average monthly number of employees, including directors, during the year was 22 (2024 -9).
Page 3
TLE AT WEYBRIDGE UK LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Short-term leasehold property | Plant and machinery | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2025 | 1,135,232 | 6,613 | - | 1,141,845
| Additions | 23,076 | 5,640 | 2,318 | 31,034
| At 31 December 2025 | 1,158,308 | 12,253 | 2,318 | 1,172,879
| Depreciation |  |  |  |
| At 1 January 2025 | 13,902 | 367 | - | 14,269
| Charge for the year on owned assets | 57,413 | 3,879 | 116 | 61,408
| At 31 December 2025 | 71,315 | 4,246 | 116 | 75,677
| Net book value |  |  |  |
| At 31 December 2025 | 1,086,993 | 8,007 | 2,202 | 1,097,202
| At 31 December 2024 | 1,121,330 | 6,246 | - | 1,127,576
Page 4
TLE AT WEYBRIDGE UK LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 22,238 | 7,756
| Amounts owed by group undertakings | 94,324 | -
| Other debtors | 390 | 100
| Prepayments and accrued income | 11,760 | 6,742
|  | 128,712 | 14,598
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 19,695 | 597
| Amounts owed to group undertakings | 1,021,092 | 178,538
| Accruals and deferred income | 62,546 | 69,546
|  | 1,103,333 | 248,681
| The comparative figures have been restated to recognise the rent-free accrual, the unwinding of which is expected to occur after more than one year.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accruals and deferred income | 119,467 | 103,801
|  | 119,467 | 103,801
9. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 448,705 | 448,705
| Later than 1 year and not later than 5 years | 1,794,820 | 1,794,820
| Later than 5 years | 6,159,723 | 6,608,428
|  | 8,403,248 | 8,851,953
Page 5
TLE AT WEYBRIDGE UK LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Parent company
The parent of the smallest group for which consolidated financial statements are drawn up is The Learning Experience Systems UK Limited. The address of their registered office is: 4th Floor, 95 Gresham Street, London, EC2V 7AB.
11. | Auditor's information
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 2 April 2026 by Sarah Hallam FCCA (Senior statutory auditor) on behalf of Menzies LLP.
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