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Company No: 12600269 (England and Wales)

# SPARKLING MINDS LTD

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH THE REGISTRAR

SPARKLING MINDS LTD

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025

Contents

SPARKLING MINDS LTD

## BALANCE SHEET

AS AT 31 AUGUST 2025
SPARKLING MINDS LTD

## BALANCE SHEET (continued)

AS AT 31 AUGUST 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments |  | 486,555 |  | 486,555
|  | 486,555 |  | 486,555
Current assets |  |  |  |
Debtors | 3 | 109,786 |  | 41,043
Cash at bank and in hand |  | 61,230 |  | 5,223
|  | 171,016 |  | 46,266
Creditors: amounts falling due within one year | 4 | ( 178,774) |  | ( 17,441)
Net current (liabilities)/assets |  | (7,758) |  | 28,825
Total assets less current liabilities |  | 478,797 |  | 515,380
Creditors: amounts falling due after more than one year |  | ( 400,000) |  | ( 400,000)
Net assets |  | 78,797 |  | 115,380
Capital and reserves |  |  |  |
Called-up share capital | 5 | 3 |  | 3
Profit and loss account |  | 78,794 |  | 115,377
Total shareholders' funds |  | 78,797 |  | 115,380

For the financial year ending 31 August 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sparkling Minds Ltd (registered number: 12600269) were approved and authorised for issue by the Board of Directors on 22 July 2026. They were signed on its behalf by:

I J Walker Director |

SPARKLING MINDS LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025
SPARKLING MINDS LTD

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Sparkling Minds Ltd is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Taxation

Current tax
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 balance sheet date.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by Group undertakings | 69,000 |  | 0
Amounts owed by directors | 30,429 |  | 30,686
Other debtors | 10,357 |  | 10,357
| 109,786 |  | 41,043

#### 4. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 144,914 |  | 5,898
Taxation and social security | 0 |  | 10,822
Other creditors | 33,860 |  | 721
| 178,774 |  | 17,441

#### 5. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 A Ordinary share of £ 1.00 | 1 |  | 1
2 B Ordinary shares of £ 1.00 each | 2 |  | 2
| 3 |  | 3

#### 6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

In accordance with FRS 102 paragraph 33.1A, the exemption has been taken from disclosing transactions and balances with its wholly-owned subsidiaries.

Transactions with the entity's directors

At the year end, the director owed the company £30,430 (2024: £30,686). The balance is unsecured, repayable on demand, and loan interest of £1,148 (2024: £nil) was charged during the year in accordance with HMRC’s official rate of interest.