ZENITH ACADEMY OF HEALTHCARE STUDIES LTD - Limited company accounts 24.3

REGISTERED NUMBER: 10928918 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 August 2025

for

ZENITH ACADEMY OF HEALTHCARE STUDIES LTD

Page

Company Information

1

Strategic Report

2

Report of the Director

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

Director:

M M Madbar

Registered office:

118-119 Meridian Place

Isle Of Dogs

London

E14 9FE

Registered number:

10928918 (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 director presents his strategic report for the year ended 31 August 2025.

On behalf of the board:

M M Madbar - Director

22 May 2026

The director presents his 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:

A A Faruki - resigned 8 April 2025

M M Madbar - appointed 1 May 2025

K A Jones - appointed 11 November 2024 - resigned 1 August 2025

F L Miteva - appointed 9 December 2024 - resigned 1 August 2025

Ms S Vaida - appointed 11 November 2024 - resigned 1 August 2025

Statement of director's responsibilities

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself 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 M Madbar - Director

22 May 2026

Opinion

We have audited the financial statements of ZENITH ACADEMY OF HEALTHCARE STUDIES 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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

13,456,889

11,570,430

Cost of sales

(3,167,219

)

(2,511,019

)

Gross profit

10,289,670

9,059,411

Administrative expenses

(6,780,275

)

(5,875,721

)

Operating profit

5

3,509,395

3,183,690

Interest receivable and similar
income

7,122

1,010

3,516,517

3,184,700

Interest payable and similar
expenses

6

(7,476

)

(38,524

)

Profit before taxation

3,509,041

3,146,176

Tax on profit

7

(879,547

)

(788,308

)

Profit for the financial year

2,629,494

2,357,868

Profit for the year

2,629,494

2,357,868

Other comprehensive income

-

Total comprehensive income for
the year

2,629,494

2,357,868

Fixed assets

Tangible assets

8

164,493

42,594

Current assets

Debtors

9

11,976,577

9,947,915

Cash in hand

4,788,261

991,707

16,764,838

10,939,622

Creditors

Amounts falling due within one year

10

9,376,448

6,067,779

Net current assets

7,388,390

4,871,843

Total assets less current liabilities

7,552,883

4,914,437

Provisions for liabilities

11

9,346

394

Net assets

7,543,537

4,914,043

Capital and reserves

Called up share capital

12

1

Retained earnings

13

7,543,536

4,914,042

Shareholders' funds

7,543,537

4,914,043

The financial statements were approved by the director and authorised for issue on 22 May 2026 and were signed by:

M M Madbar - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 September 2023

1

2,556,174

2,556,175

Changes in equity

Total comprehensive income

-

2,357,868

Balance at 31 August 2024

1

4,914,042

4,914,043

Changes in equity

Total comprehensive income

-

2,629,494

Balance at 31 August 2025

1

7,543,536

7,543,537

Cash flows from operating activities

Cash generated from operations

1

4,010,307

1,256,808

Interest paid

(7,476

)

(38,524

)

Tax paid

(41,536

)

(590,230

)

Net cash from operating activities

3,961,295

628,054

Cash flows from investing activities

Purchase of tangible fixed assets

(176,729

)

-

Interest received

7,122

1,010

Net cash from investing activities

(169,607

)

1,010

Cash flows from financing activities

Amount withdrawn by directors

4,866

-

Net cash from financing activities

4,866

-

Increase in cash and cash equivalents

3,796,554

629,064

Cash and cash equivalents at
beginning of year

2

991,707

362,643

Cash and cash equivalents at end
of year

2

4,788,261

991,707

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

2025

2024

£

Profit before taxation

3,509,041

3,146,176

Depreciation charges

54,830

14,198

Finance costs

7,476

38,524

Finance income

(7,122

)

(1,010

)

3,564,225

3,197,888

Increase in trade and other debtors

(2,028,662

)

(4,599,412

)

Increase in trade and other creditors

2,474,744

2,658,332

Cash generated from operations

4,010,307

1,256,808

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

4,788,261

991,707

Year ended 31 August 2024

31.8.24

1.9.23

£

Cash and cash equivalents

991,707

362,643

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

991,707

3,796,554

4,788,261

991,707

3,796,554

4,788,261

Total

991,707

3,796,554

4,788,261

1.	Statutory information

ZENITH ACADEMY OF HEALTHCARE STUDIES 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 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

Leasehold Improvement

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

73% of the company's turnover is derived from group companies.

4.	Employees and directors

2025

2024

£

Wages and salaries

3,744,066

3,337,104

Social security costs

370,959

287,147

Other pension costs

57,123

52,219

4,172,148

3,676,470

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

2025

2024

Accounts

1

Administration

15

32

HR

7

3

Marketing

100

116

Student Support

21

-

144

152

2025

2024

£

Directors' remuneration

59,167

-

5.	Operating profit

The operating profit is stated after charging:

2025

2024

£

Depreciation - owned assets

54,830

14,197

Auditors' remuneration

6,000

5,000

6.

Interest payable and similar expenses

2025

2024

£

Interest payable

7,476

38,524

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

870,595

787,914

Deferred tax

8,952

394

Tax on profit

879,547

788,308

8.	Tangible fixed assets

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

COST

At 1 September 2024

-

1,950

92,779

94,729

Additions

125,000

-

51,729

176,729

At 31 August 2025

125,000

1,950

144,508

271,458

DEPRECIATION

At 1 September 2024

-

365

51,770

52,135

Charge for year

31,524

33

23,273

54,830

At 31 August 2025

31,524

398

75,043

106,965

NET BOOK VALUE

At 31 August 2025

93,476

1,552

69,465

164,493

At 31 August 2024

-

1,585

41,009

42,594

9.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

11,154,799

3,031,028

Amounts owed by group undertakings

8,537

6,886,813

Other debtors

808,108

30,074

Prepayments and accrued income

5,133

-

11,976,577

9,947,915

Included in trade debtors are amounts owed by group companies of £10,470,833 (2024 £2,491,536).

10.

Creditors: amounts falling due within one year

2025

2024

£

Trade creditors

2,862,024

2,065,504

Amounts owed to group undertakings

877,852

1,642,296

Tax

1,663,050

833,991

Social security and other taxes

4,628

78,103

VAT

1,990,871

123,347

Other creditors

1,973,157

1,324,538

Directors' current accounts

4,866

-

9,376,448

6,067,779

Included in trade creditors are amounts owed to group companies of £3,163,121 (2024 £1,933,837)

11.	Provisions for liabilities

2025

2024

£

Deferred tax

Accelerated capital allowances

9,346

394

Deferred

tax

£

Balance at 1 September 2024

394

Provided during year

8,952

Balance at 31 August 2025

9,346

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1

Ordinary shares

£1.00

1

13.

Reserves

Retained

earnings

£

At 1 September 2024

4,914,042

Profit for the year

2,629,494

At 31 August 2025

7,543,536

14.	Ultimate controlling party

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