REGISTERED NUMBER: 03244584 (England and Wales)

EDUCATION MANAGEMENT DIRECT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

N D Edwards

D M Jones

D E K Norman

REGISTERED OFFICE:

1st Floor Aldford House

Bell Meadow Business Park

Park Lane

Chester

CH4 9EP

REGISTERED NUMBER:

03244584 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michael Argyle BSc ACA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Intangible assets

4

500

1,000

Property, plant and equipment

5

871

608

Investments

6

-

1

1,371

1,609

CURRENT ASSETS

Debtors

7

286,648

344,700

Cash at bank

19,556

43,736

306,204

388,436

CREDITORS

Amounts falling due within one year

8

50,352

129,124

NET CURRENT ASSETS

255,852

259,312

TOTAL ASSETS LESS CURRENT LIABILITIES

257,223

260,921

CAPITAL AND RESERVES

Called up share capital

9

160,800

160,800

Retained earnings

96,423

100,121

SHAREHOLDERS' FUNDS

257,223

260,921

The 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, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

D M Jones - Director

1.	STATUTORY INFORMATION

Education Management Direct Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

Revenue recognition

Revenue represents government grants received which are accounted for on an accruals basis with the relevant amounts relating to future periods being deferred.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiaries are recognised at cost less impairment.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. 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 the income statement.

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. Accounts 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

and 31 August 2025

2,500

AMORTISATION

At 1 September 2024

1,500

Charge for year

500

At 31 August 2025

2,000

NET BOOK VALUE

At 31 August 2025

500

At 31 August 2024

1,000

5.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 September 2024

1,383

Additions

385

At 31 August 2025

1,768

DEPRECIATION

At 1 September 2024

775

Charge for year

122

At 31 August 2025

897

NET BOOK VALUE

At 31 August 2025

871

At 31 August 2024

608

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

1

Impairments

(1

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,620

-

Amounts owed by group undertakings

143,072

217,613

Other debtors

14,813

10,636

Prepayments and accrued income

118,143

116,451

286,648

344,700

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,594

54,792

Amounts owed to group undertakings

376

2,040

Corporation tax

-

12,284

Other taxes and social security

5,987

5,373

Other creditors

1,697

2,154

Accrued expenses and deferred income

38,698

52,481

50,352

129,124

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

159,640

Ordinary

£1

159,640

159,640

1,160

Ordinary B

£1

1,160

1,160

160,800

160,800

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Argyle BSc ACA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

11.	OTHER FINANCIAL COMMITMENTS

At the year end the company has commitments due as follows:

2025

2024

£

£

Within one year

6,900

2,446

Between one and five years

3,381

-

10,281

2,446