REGISTERED NUMBER: 10745967 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

JSA EDUCATION GROUP LIMITED

TRADING AS

JCA EDUCATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms L Y N Choi-Gaylard

Prof. J Y K Choo

Mr A Ginn

REGISTERED OFFICE:

20 Hanover Square

London

W1S1JY

REGISTERED NUMBER:

10745967 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Chartered Accountants

Statutory Auditors

Level 5a

Maple House

149 Tottenham Court Road

London

W1T 7NF

FIXED ASSETS

Tangible assets

4

80,413

92,564

Investments

5

1

1

80,414

92,565

CURRENT ASSETS

Debtors

6

1,003,825

1,268,209

Cash at bank and in hand

902,462

390,302

1,906,287

1,658,511

CREDITORS

Amounts falling due within one year

7

1,337,312

1,448,865

NET CURRENT ASSETS

568,975

209,646

TOTAL ASSETS LESS CURRENT LIABILITIES

649,389

302,211

CREDITORS

Amounts falling due after more than one year

8

(417,395

)

(293,745

)

PROVISIONS FOR LIABILITIES

10

(17,345

)

(17,345

)

NET ASSETS/(LIABILITIES)

214,649

(8,879

)

CAPITAL AND RESERVES

Called up share capital

11

270

270

Share premium

1,799,830

1,799,830

Retained earnings

(1,585,451

)

(1,808,979

)

SHAREHOLDERS' FUNDS

214,649

(8,879

)

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 profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

Mr A Ginn - Director

1.	STATUTORY INFORMATION

JSA Education Group 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of accounting policies of the Company , the director is required to make judgements, estimates, and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other resources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The director believes that there is no critical accounting estimate or judgement relevant to this Company.

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.

Plant and machinery etc

-

20% on cost and 5% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Trade creditors are obligations to pay for goods or 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.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled or when the company transfers the financial liability to another entity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of profit and loss, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

182,093

Additions

29,743

At 31 July 2025

211,836

DEPRECIATION

At 1 August 2024

89,529

Charge for year

41,894

At 31 July 2025

131,423

NET BOOK VALUE

At 31 July 2025

80,413

At 31 July 2024

92,564

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2024

and 31 July 2025

1

NET BOOK VALUE

At 31 July 2025

1

At 31 July 2024

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

JCA London Fashion Academy Limited

Registered office: 20 Hanover Square, London, England, W1S 1JY

Nature of business: Operation of arts facilities

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

a

s

restated

£

£

Trade debtors

432,890

332,820

Amounts owed by group undertakings

547,497

558,445

Other debtors

23,438

376,944

1,003,825

1,268,209

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

a

s

restated

£

£

Trade creditors

192,503

63,880

Taxation and social security

81,383

217,846

Other creditors

1,063,426

1,167,139

1,337,312

1,448,865

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

a

s

restated

£

£

Amounts owed to group undertakings

417,395

-

Other creditors

-

293,745

417,395

293,745

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

a

s

restated

£

£

Within one year

718,750

718,750

Between one and five years

2,875,000

2,875,000

In more than five years

4,391,267

5,110,017

7,985,017

8,703,767

The company occupies its premises under a non-cancellable operating sub-lease which commenced on 9 September 2021. As at 31 July 2025, the remaining sub-lease term is 11 years as per the agreement. The annual rent payable under the lease is £718,750, which includes a 15% margin charged on the original rent amount of £625,000 as per the service agreement. This amount is exclusive of service charges. Service charges are variable and payable based on actual costs incurred; therefore, they have not been included in the amounts below.

10.	PROVISIONS FOR LIABILITIES

2025

2024

a

s

restated

£

£

Deferred tax

17,345

17,345

Deferred tax

£

Balance at 1 August 2024

17,345

Balance at 31 July 2025

17,345

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

270

Ordinary

£1

270

270

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

The Report of the Auditors was unqualified.

Anthony Cowan BSc FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

13.	RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with related parties. Related parties include directors, shareholders, and entities under common control. The outstanding balances at the year-end were as follows:

Related Party

Balance at Year-End (£

)

Nature of Balance

JCA London Fashion Academy Limited

547,497

Receivable balance

JCA Education Limited

417,395

Payable balance

All amounts due from/(to) related parties are unsecured, repayable on demand and interest free.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Prof. J Y K Choo.