Hyper Island Executive Education Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

1	General information

Hyper Island Executive Education Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the director's report on page 2.

2	Accounting policies

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.

Going concern

Whilst the director is confident that the company will have sufficient resources for the foreseeable future, being at least twelve months from the date of approval of the financial statements, this is dependent on continued financial support from its immediate parent company. As the wider group is experiencing financial uncertainty, there remains a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern. Nevertheless, the director has a reasonable expectation that sufficient funds will be available to enable the company to meet its liabilities as they fall due and has therefore prepared the financial statements on a going concern basis.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and in accordance with the Companies Act 2006.

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.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Summary of disclosure exemptions

The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements. The company is consolidated in the financial statements of its parent, Hyper Island Capital AB, which may be obtained from Virkesvägen 2, 120 30 Stockholm, Sweden. Exemptions have been taken in these separate company financial statements in relation to financial instruments, presentation of a cash flow statement, transactions with group entities and remuneration of key management personnel.

Hyper Island Executive Education Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Revenue recognition

Revenue represents amounts chargeable, net of value added tax, in respect of courses provided to clients. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the company and specific criteria have been met. Where payments are received from clients in advance of services provided, the amounts are received as deferred income and released as services are provided. Where services have already been provided, but not invoiced, the amounts receivable are estimated and recorded as accrued income.

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 rates prevailing on the initial transaction dates.

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

Taxation

Corporation tax payable is provided on taxable profits at the current rate of tax.

Deferred tax is provided in full on timing differences which represent a liability at the statement of financial position date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income or expenditure in tax computations in periods different from those in which they are included in the financial statements. Deferred tax assets and liabilities are not discounted

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	Straight line 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and bank current account balances and are subject to an insignificant risk of change in value.

Hyper Island Executive Education Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Receivables

Trade and other receivables that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Payables

Trade and other payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other payables 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 and other payables that are payable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be paid. Those that are payable after more than one year or that constitute a financing transaction are recorded initially at transaction price and subsequently 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

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. Contributions are recognised in the profit and loss account in the period in which they become payable.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Hyper Island Executive Education Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

3	Staff numbers

The average number of persons employed by the company during the year, was 3 (2024 - 3).

4	Director's remuneration

The director did not receive any remuneration for services to the company during the year or preceding year. The director is remunerated by other group companies.

Hyper Island Executive Education Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

5	Property, plant and equipment

	Computer equipment £
Cost
At 1 January 2025	5,863
At 31 December 2025	5,863
Depreciation
At 1 January 2025	3,801
Charge for the year	767
At 31 December 2025	4,568
Carrying amount
At 31 December 2025	1,295
At 31 December 2024	2,062

6	Receivables

	2025 £	2024 £
Trade receivables	61,641	17,243
Other receivables	-	737
Accrued income	243	7,432
	61,884	25,412

7	Cash and cash equivalents

	2025 £	2024 £
Cash at bank	84,713	9,271

Hyper Island Executive Education Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025 (continued)

8

Payables

	2025 £	2024 £
Due within one year
Trade payables	7,150	5,718
Amount owed to group undertakings	594,731	576,441
Social security and other taxes	17,019	11,812
Accrued expenses and deferred income	132,436	27,901
	751,336	621,872