Registration number: 06842641

Studee Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Studee Ltd

Company Information

Directors

Mr CP Morling Mr S P Andrews

Registered office

15 The Woolmarket Cirencester Gloucestershire GL7 2PR

Accountants

Grays Accountants Ltd

Studee Ltd

(Registration number: 06842641)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	11,045	7,161
Current assets
Debtors	5	318,765	68,261
Cash at bank and in hand		86,866	83,218
		405,631	151,479
Creditors: Amounts falling due within one year	6	(76,187)	(123,878)
Net current assets		329,444	27,601
Total assets less current liabilities		340,489	34,762
Creditors: Amounts falling due after more than one year	6	(15,980,835)	(14,048,853)
Net liabilities		(15,640,346)	(14,014,091)
Capital and reserves
Called up share capital		200	200
Retained earnings		(15,640,546)	(14,014,291)
Shareholders' deficit		(15,640,346)	(14,014,091)

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2026 and signed on its behalf by:
 

Studee Ltd

(Registration number: 06842641)
Balance Sheet as at 30 September 2025

......................................... Mr CP Morling Director

......................................... Mr S P Andrews Director

Studee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
15 The Woolmarket
Cirencester
Gloucestershire
GL7 2PR

These financial statements were authorised for issue by the Board on 25 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Studee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	straight line 20%
Office equipment	straight line 33%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Studee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2024 - 22).

Studee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 October 2024	12,354	95,250	107,604
Additions	-	10,568	10,568
At 30 September 2025	12,354	105,818	118,172
Depreciation
At 1 October 2024	12,261	88,182	100,443
Charge for the year	93	6,591	6,684
At 30 September 2025	12,354	94,773	107,127
Carrying amount
At 30 September 2025	-	11,045	11,045
At 30 September 2024	93	7,068	7,161

Studee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	7	1,225	14,745
Prepayments		56,859	42,286
Other debtors		260,681	11,230
		318,765	68,261

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	11,135	9,623
Taxation and social security	35,300	76,584
Other creditors	29,752	37,671
	76,187	123,878

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	15,980,835	14,048,853

7	Related party transactions

During the year, the company purchased services from a company under common control, based upon the external costs of supplying the services provided, amounting to £14,501 (2024 – £618,087).

Other creditors payable after more than one year for the total of £15,980,835 (2024 - £14,048,853) represent loans to the company by the directors which are subject to undertakings that these shall not be repaid within a period of at least 12 months from the balance sheet date.

Studee Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Transactions with directors

2025	At 1 October 2024 £	Advances to director £	At 30 September 2025 £
	-	5,013	5,013