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Registered number: 03028676
Felixstowe International E-Wha Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Felixstowe International E-Wha Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Felixstowe International E-Wha Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 03028676

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 570,000 |  | 553,184
|  |  | 570,000 |  | 553,184
CURRENT ASSETS
Debtors | 5 | 90,092 |  | - |
Cash at bank and in hand |  | 14,863 |  | 13,384 |
|  | 104,955 |  | 13,384 |
Creditors: Amounts Falling Due Within One Year | 6 | (2,311,285 ) |  | (673,261 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,206,330 ) |  | (659,877 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (1,636,330 ) |  | (106,693 )
Creditors: Amounts Falling Due After More Than One Year | 7 |  | - |  | (1,494,411 )
NET LIABILITIES |  |  | (1,636,330 ) |  | (1,601,104 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 10,000 |  | 10,000
Revaluation reserve | 10 |  | 16,816 |  | -
Profit and Loss Account |  |  | (1,663,146 ) |  | (1,611,104 )
SHAREHOLDERS' FUNDS |  |  | (1,636,330) |  | (1,601,104)

Page 1
Page 2
Felixstowe International E-Wha Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 Seung Kim Director
22nd May 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Felixstowe International E-Wha Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Felixstowe International E-Wha Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03028676 . The registered office is Maybush House Felixstowe International College, Maybush House, Maybush Lane, Felixstowe, Suffolk, IP11 7NA.
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 section 1A Small Entities "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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The amount of £1,467,233 included in non-current liabilities last year have been taken on personally by the director and included in current liabilities.
Factoring in the above, and the continued financial support of the directors, it is reasonable to use the going concern basis for the company.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from tuition fees and accommodation are recognised over the period of instruction to which it relates. Fees received in advance of the academic period are deferred and recognised as income in the period to which they relate.
2.4. 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:

Freehold | Not depreciated
Fixtures & Fittings | 25% Sraight Line

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. 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.
Page 3
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Felixstowe International E-Wha Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2024: 24)
17 24
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Fixtures & Fittings | Total
| £ | £ | £
Cost or Valuation
As at 1 September 2024 | 553,184 | 70,640 | 623,824
Revaluation | 16,816 | - | 16,816
As at 31 August 2025 | 570,000 | 70,640 | 640,640
Depreciation
As at 1 September 2024 | - | 70,640 | 70,640
As at 31 August 2025 | - | 70,640 | 70,640
Net Book Value
As at 31 August 2025 | 570,000 | - | 570,000
As at 1 September 2024 | 553,184 | - | 553,184

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 90,092 |  | -

Page 4
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Felixstowe International E-Wha Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 25,544 |  | 31,376
Other loans | 17,081 |  | -
Other creditors | 2,095,461 |  | 535,689
Taxation and social security | 173,199 |  | 106,196
| 2,311,285 |  | 673,261

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other loans | - |  | 494,411
Other creditors | - |  | 1,000,000
| - |  | 1,494,411

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10,000 |  | 10,000

10. Reserves

| Revaluation Reserve
--- | ---
| £
Surplus on revaluation | 16,816
As at 31 August 2025 | 16,816

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