REGISTERED NUMBER: 06411356 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 August 2025

for

LONDON PROFESSIONAL COLLEGE LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

Directors:

M A Hossain

Professor I T Luke

Registered office:

Part First Floor,Moorfoot House,

Meridian Place,221 Marsh Wall,

London

E14 9FJ

Registered number:

06411356 (England and Wales)

Senior statutory auditor:

Naresh Jani FCCA

Auditors:

Andertons Europe Ltd (Statutory Auditors)

1st Floor Mezzanine

35 - 37 Ludgate Hill

London

EC4M 7JN

The directors present their strategic report for the year ended 31 August 2025.

On behalf of the board:

M A Hossain - Director

22 May 2026

The directors present their report with the financial statements of the company for the year ended 31 August 2025.

Dividends

No dividends will be distributed for the year ended 31 August 2025.

Directors

The directors who have held office during the period from 1 September 2024 to the date of this report are as follows:

Mrs C R Chater - resigned 18 November 2024

A A Faruki - resigned 30 April 2025

M A Hossain - appointed 22 April 2025

Professor I T Luke - appointed 22 April 2025

Statement of directors' responsibilities

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, Andertons Europe Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:

M A Hossain - Director

22 May 2026

Opinion

We have audited the financial statements of LONDON PROFESSIONAL COLLEGE LTD (the 'company') for the year ended 31 August 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Audit response to risks identified :

We considered the extent of compliance with laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the company's policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting, attention was drawn to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management overide of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether

judgements made in making accounting estimates gave rise to a possible indication of management bias. The review at the completion stage of the audit, included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non- compliance with laws and regulations and fraud.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations , or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Naresh Jani FCCA (Senior Statutory Auditor)

for and on behalf of Andertons Europe Ltd (Statutory Auditors)

1st Floor Mezzanine

35 - 37 Ludgate Hill

London

EC4M 7JN

22 May 2026

Turnover

3

1,375,340

1,382,969

Cost of sales

(217,805

)

(309,244

)

Gross profit

1,157,535

1,073,725

Administrative expenses

(966,794

)

(889,304

)

190,741

184,421

Other operating income

1,171

51

Operating profit

5

191,912

184,472

Interest payable and similar expenses

6

(1,303

)

(3,078

)

Profit before taxation

190,609

181,394

Tax on profit

7

(49,379

)

(45,949

)

Profit for the financial year

141,230

135,445

Profit for the year

141,230

135,445

Other comprehensive income

-

-

Total comprehensive income for the year

141,230

135,445

Fixed assets

Tangible assets

8

5,180

6,907

Current assets

Debtors

9

865,285

2,134,091

Cash in hand

2,024,276

83,467

2,889,561

2,217,558

Creditors

Amounts falling due within one year

10

2,408,736

1,880,985

Net current assets

480,825

336,573

Total assets less current liabilities

486,005

343,480

Provisions for liabilities

11

1,295

-

Net assets

484,710

343,480

Capital and reserves

Called up share capital

12

100

100

Retained earnings

13

484,610

343,380

Shareholders' funds

484,710

343,480

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

M A Hossain - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

100

207,935

208,035

Changes in equity

Profit for the year

-

135,445

135,445

Total comprehensive income

-

135,445

135,445

Balance at 31 August 2024

100

343,380

343,480

Changes in equity

Profit for the year

-

141,230

141,230

Total comprehensive income

-

141,230

141,230

Balance at 31 August 2025

100

484,610

484,710

Cash flows from operating activities

Cash generated from operations

1

1,938,572

(100,384

)

Interest paid

(1,303

)

(3,078

)

Tax paid

3,320

(52,930

)

Net cash from operating activities

1,940,589

(156,392

)

Cash flows from financing activities

Amount introduced by directors

-

365

Amount withdrawn by directors

220

-

Net cash from financing activities

220

365

Increase/(decrease) in cash and cash equivalents

1,940,809

(156,027

)

Cash and cash equivalents at beginning of year

2

83,467

239,494

Cash and cash equivalents at end of year

2

2,024,276

83,467

1.	Reconciliation of profit before taxation to cash generated from operations

2025

2024

£

£

Profit before taxation

190,609

181,394

Depreciation charges

1,727

2,302

Finance costs

1,303

3,078

193,639

186,774

Decrease/(increase) in trade and other debtors

1,268,806

(734,181

)

Increase in trade and other creditors

476,127

447,023

Cash generated from operations

1,938,572

(100,384

)

2.	Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

2,024,276

83,467

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

83,467

239,494

3.	Analysis of changes in net funds

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank and in hand

83,467

1,940,809

2,024,276

83,467

1,940,809

2,024,276

Total

83,467

1,940,809

2,024,276

1.	Statutory information

LONDON PROFESSIONAL COLLEGE LTD 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

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

Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each assets over its estimated useful life. The principle rates in use are :

Plant & Machinery

25 %

on reducing method

Computer equipment

25 %

on reducing method

Furniture & Fittings

25 %

on reducing method

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet 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.

3.

Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

The company's entire turnover derived from a group company.

4.	Employees and directors

2025

2024

£

£

Wages and salaries

474,860

451,156

Social security costs

45,621

36,404

Other pension costs

9,123

7,578

529,604

495,138

The average number of employees during the year was as follows:

2025

2024

Academic

11

13

Administration

8

8

IT

2

2

21

23

2025

2024

£

£

Directors' remuneration

-

17,498

5.	Operating profit

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

1,727

2,302

Auditors' remuneration

4,011

4,214

6.

Interest payable and similar expenses

2025

2024

£

£

Interest payable

1,303

3,078

7.

Taxation

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

48,084

45,949

Deferred tax

1,295

-

Tax on profit

49,379

45,949

8.	Tangible fixed assets

Plant and

machinery

£

COST

At 1 September 2024

and 31 August 2025

41,380

DEPRECIATION

At 1 September 2024

34,473

Charge for year

1,727

At 31 August 2025

36,200

NET BOOK VALUE

At 31 August 2025

5,180

At 31 August 2024

6,907

9.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

821,070

2,095,215

Other debtors

21,738

38,876

Prepayments and accrued income

22,477

-

865,285

2,134,091

Included in trade debtors are amounts owed by group companies of £821,070 (2024 £2,095,215).

10.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

1,277,744

1,057,138

Amounts owed to group undertakings

340,000

316,000

Tax

94,964

43,560

Social security and other taxes

22,503

19,372

VAT

100,053

36,866

Other creditors

18,239

212,499

Directors' current accounts

320

100

Accruals and deferred income

554,913

195,450

2,408,736

1,880,985

Included in trade creditors are amounts owed by group companies of £1,264,493 (2024 £1,020,929).

11.	Provisions for liabilities

2025

2024

£

£

Deferred tax

Accelerated capital allowances

1,295

-

Deferred

tax

£

Provided during year

1,295

Balance at 31 August 2025

1,295

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£ 1.0

0

100

100

13.

Reserves

Retained

earnings

£

At 1 September 2024

343,380

Profit for the year

141,230

At 31 August 2025

484,610

14.	Ultimate controlling party

At 31 August 2025 the company's ultimate parent company and controlling party was Planet Education Networks Ltd.