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Registered number: 04414764
Valamis Learning UK Limited
Financial Statements
For The Year Ended 31 December 2025
Valamis Learning UK Limited
Contents
Contents

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

Page 1
Valamis Learning UK Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 04414764

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 8,432 |  | 11,763
|  |  | 8,432 |  | 11,763
CURRENT ASSETS
Debtors | 5 | 24,010 |  | 65,728 |
Cash at bank and in hand |  | 13,793 |  | 19,220 |
|  | 37,803 |  | 84,948 |
Creditors: Amounts Falling Due Within One Year | 6 | (723,942 ) |  | (618,803 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (686,139 ) |  | (533,855 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (677,707 ) |  | (522,092 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (2,108 ) |  | (2,941 )
NET LIABILITIES |  |  | (679,815 ) |  | (525,033 )
CAPITAL AND RESERVES
Called up share capital | 7 |  | 75 |  | 75
Share premium account |  |  | 18,974 |  | 18,974
Capital redemption reserve |  |  | 51 |  | 51
Profit and Loss Account |  |  | (698,915 ) |  | (544,133 )
SHAREHOLDERS' FUNDS |  |  | (679,815) |  | (525,033)

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Valamis Learning UK Limited
Balance Sheet (continued)
As At 31 December 2025
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 Jussi Hurskainen Director
21/04/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Valamis Learning UK Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Valamis Learning UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04414764 . The registered office is 1 Cottesbrooke Park, Heartlands Business Park, Daventry, Northamptonshire, NN11 8YL.
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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have considered the going concern position of the company taking into account the net loss for the year of £154,782, net liabilities of £679,815 and net current liabilities of £686,139 as at 31 December 2025.
The company’s financial statements have been prepared on a going concern basis on the grounds that the parent company Valamis Oy intends and is capable of taking all necessary measures related to the continuity of operations and the realization of subsidiary receivables.
The company's management and group are currently managing profitability by controlling costs. The company aims to grow its existing and new customer base. The parent company continues to implement measures aimed at strengthening its financial position. The Directors also note that the Group’s operating performance has improved compared with previous years, and it is their expectation that the Group will achieve and maintain sustainable profitability by the end of the financial year ending 2026.
Based on this assessment, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements continue to be prepared on a going concern basis.
The directors confirm the following plans as future actions to ensure that the company can continue its operations and that the going concern assumption applies to the financial statements. However, there is a material uncertainty related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern and, therefore, that it may be unable to realise all its assets and discharge its liabilities in the normal course of business. Should the company be unable to continue as a going concern, adjustments would be required to reclassify long term assets and liabilities to short term, to write current assets down to their realisable values and provide for any further liabilities that may arise.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Directors' opinion there are no significant judgements and no key sources of estimation uncertainty.
2.4. 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.
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.
2.5. 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% Reducing Balance

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Valamis Learning UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.
2.7. 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.
2.8. 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.
2.9. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.10. Trade Debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Valamis Learning UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.11. Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 12)
8 12
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 January 2025 | 26,778
As at 31 December 2025 | 26,778
Depreciation
As at 1 January 2025 | 15,015
Provided during the period | 3,331
As at 31 December 2025 | 18,346
Net Book Value
As at 31 December 2025 | 8,432
As at 1 January 2025 | 11,763

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,500 |  | 48,471
Prepayments and accrued income | 22,470 |  | 17,217
Other debtors | 40 |  | 40
| 24,010 |  | 65,728

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Valamis Learning UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 18,060 |  | 31,089
Other taxes and social security | 12,738 |  | 40,221
VAT | 33,086 |  | 5,509
Other creditors | 889 |  | -
Accruals and deferred income | 225,127 |  | 100,074
Amounts owed to group undertakings | 434,042 |  | 441,910
| 723,942 |  | 618,803

Amounts owed to group undetakings include a loan to Valamis Group OY of £181,914, which has a maturity date for the 31 December 2026, with an interest rate of 3%. This loan has the legal right to be offset against group balances
7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 75 |  | 75

8. Ultimate Controlling Party
The company's immediate parent is The Valamis Group OY, incorporated in Finland
These financial statements are available upon request from Koskikatu 7 A, 4th Floor, 80100, Joensuu, Finland. This is the largest and smallest group for which consolidated financial statements are prepared.
9. Audit Information
The auditor's report on the accounts of Valamis Learning UK Limited for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by David Wheeler (Senior Statutory Auditor) for and on behalf of Bourner Bullock Chartered Accountants , Statutory Auditor.

Bourner Bullock Chartered Accountants 114 St Martin’s Lane Covent Garden London WC2N 4BE

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