REGISTERED NUMBER: 06185788 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Virtual Alliance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Abercrombie

O F McGovern

C Beecham

R P Johnson

REGISTERED OFFICE:

Unit 25, Bankside

Stationfields

Kidlington

Oxford

Oxfordshire

OX5 1JE

REGISTERED NUMBER:

06185788 (England and Wales)

AUDITORS:

Rouse Audit LLP

55 Station Road

Beaconsfield

Buckinghamshire

HP9 1QL

FIXED ASSETS

Tangible assets

4

16,331

40,383

CURRENT ASSETS

Debtors

5

312,563

392,327

Cash at bank

2,544,336

2,124,565

2,856,899

2,516,892

CREDITORS

Amounts falling due within one year

6

(1,407,325

)

(1,266,719

)

NET CURRENT ASSETS

1,449,574

1,250,173

TOTAL ASSETS LESS CURRENT LIABILITIES

1,465,905

1,290,556

CREDITORS

Amounts falling due after more than one year

7

-

(34,965

)

PROVISIONS FOR LIABILITIES

(4,083

)

(10,095

)

NET ASSETS

1,461,822

1,245,496

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Retained earnings

1,457,822

1,241,496

1,461,822

1,245,496

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

C Beecham - Director

1.	STATUTORY INFORMATION

Virtual Alliance 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 section 1A.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable in respect of funding allocated for the academic year, based upon learner numbers and responsive growth within the period. Revenue is recognised in the period to which the funding relates.

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 provided at the following annual rates in order to write off each asset over its

estimated useful life.

Plant and machinery etc - 33% on cost and 50% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of is financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities.

Basic financial liabilities, including creditors, loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

The 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 net profit as reported in the profit and loss account 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

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.

Going concern

The financial statements have been prepared on the going concern basis and the directors confirm their belief in the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.

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.

Profit and loss

The profit and loss account has been prepared on the basis that all operations are continuing operations.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 147 (2024 - 107 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

186,536

Additions

12,080

Disposals

(163,173

)

At 31 August 2025

35,443

DEPRECIATION

At 1 September 2024

146,153

Charge for year

12,224

Eliminated on disposal

(139,265

)

At 31 August 2025

19,112

NET BOOK VALUE

At 31 August 2025

16,331

At 31 August 2024

40,383

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Trade debtors

259,677

190,789

Other debtors

52,886

201,538

312,563

392,327

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans and overdrafts

30,268

32,093

Trade creditors

26,484

26,944

Taxation and social security

146,777

300,316

Other creditors

1,203,796

907,366

1,407,325

1,266,719

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/25

31/8/24

£

£

Bank loans

-

26,633

Other creditors

-

8,332

-

34,965

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

The Report of the Auditors was unqualified.

Carolyn Robson ACA (Senior Statutory Auditor)

for and on behalf of Rouse Audit LLP

9.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is OVEG Holdings Limited, a company incorporated in England and Wales. The registered office of OVEG Holdings Limited is Unit 25, Bankside, Stationfields, Kidlington, Oxford, Oxfordshire, United Kingdom, OX5 1JE. The directors of OVEG Holdings Limited remain the ultimate controlling party.