REGISTERED NUMBER: 11287890 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

My Digital College Ltd

Page

Company Information

1

Statement of Financial Position

2

Statement of Changes in Equity

4

Notes to the Financial Statements

5

DIRECTORS:

Mr D S Bartlett

Mr M Salam

Mr H S Jawanda (13/08/25)

REGISTERED OFFICE:

20 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

11287890 (England and Wales)

ACCOUNTANTS:

GrowthBuilders Insight LLP

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

FIXED ASSETS

Intangible assets

4

160,665

222,175

Tangible assets

5

7,909

4,082

168,574

226,257

CURRENT ASSETS

Debtors

6

707,776

93,264

Cash at bank and in hand

380,709

784,605

1,088,485

877,869

CREDITORS

Amounts falling due within one year

7

718,555

787,525

NET CURRENT ASSETS

369,930

90,344

TOTAL ASSETS LESS CURRENT LIABILITIES

538,504

316,601

CAPITAL AND RESERVES

Called up share capital

8

3

3

Share premium

748,934

741,989

Retained earnings

(210,433

)

(425,391

)

SHAREHOLDERS' FUNDS

538,504

316,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 profit or loss 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.

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 23 July 2026 and were signed on its behalf by:

Mr D S Bartlett - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 May 2024

3

(353,075

)

741,989

388,917

Changes in equity

Total comprehensive income

-

(72,316

)

-

(72,316

)

Balance at 30 April 2025

3

(425,391

)

741,989

316,601

Changes in equity

Issue of share capital

-

-

6,945

6,945

Total comprehensive income

-

214,958

-

214,958

Balance at 30 April 2026

3

(210,433

)

748,934

538,504

1.	STATUTORY INFORMATION

My Digital College 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is generated from contracts to supply cloud based software and associated communication services.

Revenue is recognised on the day the work commences and is apportioned on a straight line basis over the contract term as the services are rendered. Services are deemed to be delivered on a continuous basis throughout the course of the contract.

Intangible assets

Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets are recognised where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Once an intangible asset is brought into use, amortisation is recognised so as to write off the cost or valuation of the asset less its residual value over the useful economic life on the following basis:

Software development - 4 years

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 3 years

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to or from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset it it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The nature of the company's business is such that there is considerable expenditure required to increase income generation as it continues to undertake market research and software development.

At the time of approving the financial statements and on the basis of their review of financial forecasts and available funds, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 May 2025

557,937

Additions

57,347

At 30 April 2026

615,284

AMORTISATION

At 1 May 2025

335,762

Amortisation for year

118,857

At 30 April 2026

454,619

NET BOOK VALUE

At 30 April 2026

160,665

At 30 April 2025

222,175

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2025

9,737

Additions

6,960

At 30 April 2026

16,697

DEPRECIATION

At 1 May 2025

5,655

Charge for year

3,133

At 30 April 2026

8,788

NET BOOK VALUE

At 30 April 2026

7,909

At 30 April 2025

4,082

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

£

Trade debtors

72,704

69,698

Other debtors

861

961

Prepayments

6,140

22,605

Loan to Parent company

628,071

-

707,776

93,264

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

£

Trade creditors

13,683

61,761

Social security and other taxes

10,719

12,420

Pensions payable

1,583

2,482

VAT

53,947

44,172

Other creditors

1,877

-

Wages and salaries control

179

179

Directors' current accounts

-

28,650

Accruals and deferred income

636,567

637,861

718,555

787,525

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/26

30/4/25

value:

£

£

291,762

Ordinary

0.00001

3

3

(30/4/25 - 269,540 )

11,131

A Ordinary

0.00001

-

-

3

3

The following shares were issued during the year for cash at par :

22,222 Ordinary shares of 0.00001

In August 2025, a total of 22,222 ordinary shares with a nominal value of £0.00001 were issued upon the exercise of share options for total cash proceeds of £6,945.19. This resulted in an increase in nominal share capital of £0.22 and a premium on allotment of £6,944.97.

9.	RELATED PARTY DISCLOSURES

In 2019, a Director (Mr D S Bartlett) advanced the company an interest-free loan of £32,500 which is repayable on demand. The balance outstanding at the start of the financial year was £28,025. During the year, the Director advanced the company further loans totalling £184 (2025: £Nil) and the company made repayments totalling £28,209 (2025: £20). The balance outstanding at the year-end was £Nil (2025: £28,025).

In 2020, a further interest-free loan of £1,762 which is repayable on demand was advanced to the company by another Director (Mr M Salam), of which £625 was outstanding at the start of the financial year. During the year, the Director advanced the company further loans totalling £203 (2025: £nil) and the company made repayments totalling £828 (2025: £nil). The balance outstanding at the year-end was £Nil (2025: £625).

These loans from Directors were included within Creditors.

10.	ULTIMATE CONTROLLING PARTY

MDC Bidco Limited is the controlling party and Hardeep Singh Jawanda is the ultimate controlling party.