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REGISTERED NUMBER: SC427199 (Scotland)

UCAN LEARN.WORK.LIVE LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025

UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

UCAN LEARN.WORK.LIVE LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH JUNE 2025

| DIRECTORS: | M Buckman

| J B Fairbairn

| D Campbell

| REGISTERED OFFICE: | 5 Willock Street

| Kilmarnock

| Ayrshire

| KA1 4HE

| REGISTERED NUMBER: | SC427199 (Scotland)

| ACCOUNTANTS: | Rogerson & Goldie

| Chartered Accountants

| 29 Portland Road

| Kilmarnock

| Ayrshire

| KA1 2BY

UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

BALANCE SHEET

30TH JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 37,078 |  | 41,446 |  |

CURRENT ASSETS

Debtors | 5 | 29,769 |  | 74,053 |  |

Cash at bank | 172,925 |  | 213,029 |  |

202,694 |  | 287,082 |  |

CREDITORS

Amounts falling due within one year | 6 | 37,354 |  | 16,549 |  |

NET CURRENT ASSETS | 165,340 |  | 270,533 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 202,418 |  | 311,979 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (26,250 | ) | (31,250 | ) |

ACCRUALS AND DEFERRED INCOME | (47,237 | ) | (47,237 | ) |

NET ASSETS | 128,931 |  | 233,492 |  |

RESERVES

Income and expenditure account | 128,931 |  | 233,492 |  |

128,931 |  | 233,492 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

BALANCE SHEET - continued

30TH JUNE 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th June 2026 and were signed on its behalf by:

D Campbell - Director

UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

1. | STATUTORY INFORMATION

| UCAN Learn.Work.Live Ltd is a private company, limited by guarantee , registered in Scotland. 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.

| Turnover

| Turnover represents sales of training and related services net of VAT.

| 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 | - | 25% on cost, 20% on cost and 15% on reducing balance

| Grants

| Revenue grants are recognised as income in the accounting period in which they are rewarded and where the related conditions are substantially met. Capital grants are deferred and released as income over the estimated useful life of the related capital expenditure.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st July 2024 | 149,485 |  |

| Additions | 5,070 |  |

| At 30th June 2025 | 154,555 |  |

| DEPRECIATION

| At 1st July 2024 | 108,039 |  |

| Charge for year | 9,438 |  |

| At 30th June 2025 | 117,477 |  |

| NET BOOK VALUE

| At 30th June 2025 | 37,078 |  |

| At 30th June 2024 | 41,446 |  |

UCAN LEARN.WORK.LIVE LTD (REGISTERED NUMBER: SC427199)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 23,752 |  | 37,000 |  |

| Amounts owed by associates | - |  | 31,036 |  |

| Other debtors | 6,017 |  | 6,017 |  |

29,769 |  | 74,053 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,000 |  | 5,000 |  |

| Amounts owed to associates | 26,137 |  | - |  |

| Taxation and social security | 2,899 |  | 9,617 |  |

| Other creditors | 3,318 |  | 1,932 |  |

37,354 |  | 16,549 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 26,250 |  | 31,250 |  |

8. | LEASE COMMITMENTS

| The company entered into a property lease on 1 March 2016 in respect of premises at Unit 2, 5 Willock Street, Kilmarnock.

9. | RELATED PARTY DISCLOSURES

| At the balance sheet date there was an amount of £26,137 due to Ucan Enterprises Ltd, a company controlled by the directors.

| Management charges of £1,205,763 were charged from UCAN Enterprises Ltd during the year.

| During the year, there were lease transactions involving UCAN Enterprises Ltd. In addition, there is a sublease between this entity and the company. The related accounting in respect of this lease is currently being reviewed by the directors and it currently included within the management charges figure. The lease costs in the year represent a lease commitment between the company and the landlord directly.