| Study Active Limited |
| Registered number: |
09892274 |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
39,917 |
|
|
12,000 |
| Tangible assets |
4 |
|
|
5,891 |
|
|
1,500 |
|
|
|
|
45,808 |
|
|
13,500 |
|
| Current assets |
| Debtors |
5 |
|
318,846 |
|
|
320,673 |
| Cash at bank and in hand |
|
|
41,272 |
|
|
1,196,312 |
|
|
|
360,118 |
|
|
1,516,985 |
|
| Creditors: amounts falling due within one year |
6 |
|
(161,658) |
|
|
(148,223) |
|
| Net current assets |
|
|
|
198,460 |
|
|
1,368,762 |
|
| Total assets less current liabilities |
|
|
|
244,268 |
|
|
1,382,262 |
|
|
| Provisions for liabilities |
|
|
|
(1,473) |
|
|
(375) |
|
|
| Net assets |
|
|
|
242,795 |
|
|
1,381,887 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
242,793 |
|
|
1,381,885 |
|
| Shareholders' funds |
|
|
|
242,795 |
|
|
1,381,887 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Justine Luscombe |
| Director |
| Approved by the board on 25 August 2026 |
|
| Study Active Limited |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
During the year, the company experienced cash flow pressures arising from a level of overhead expenditure that was not sustainable in relation to its trading performance. Following a review of operations, the directors implemented measures to reduce overhead costs and improve cash flow management.
The directors have also provided financial support to the company to assist with short-term working capital requirements. The directors have confirmed that such support will continue to be available as required.
The directors have reviewed the company's financial position, cash flow forecasts and funding arrangements for a period of at least twelve months from the date of approval of these financial statements. Based on this review, the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting in preparing the financial statements. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the customer enrols on the relevant course. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Intangible fixed assets are amortised on a straight-line basis over their estimated useful lives, which range from 5 to 10 years depending on the asset class. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment |
25% or 33% on cost |
|
Fixtures and fittings |
33% on cost |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
13 |
|
13 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
|
|
Cost |
|
At 1 December 2024 |
16,000 |
|
Additions |
31,917 |
|
Disposals |
(6,000) |
|
At 30 November 2025 |
41,917 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 December 2024 |
4,000 |
|
Provided during the year |
1,300 |
|
On disposals |
(3,300) |
|
At 30 November 2025 |
2,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
39,917 |
|
At 30 November 2024 |
12,000 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fixtures and equipment |
| £ |
|
Cost |
|
At 1 December 2024 |
23,241 |
|
Additions |
6,816 |
|
Disposals |
(23,241) |
|
At 30 November 2025 |
6,816 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2024 |
21,741 |
|
Charge for the year |
1,674 |
|
On disposals |
(22,490) |
|
At 30 November 2025 |
925 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
5,891 |
|
At 30 November 2024 |
1,500 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
296,804 |
|
313,905 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
19,122 |
|
- |
|
Other debtors |
2,920 |
|
6,768 |
|
|
|
|
|
|
318,846 |
|
320,673 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
47,332 |
|
33,181 |
|
Taxation and social security costs |
80,571 |
|
110,796 |
|
Other creditors |
33,755 |
|
4,246 |
|
|
|
|
|
|
161,658 |
|
148,223 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
56,715 |
|
21,661 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
On 30 May 2025 the company advanced £978,000 (2024: £Nil) to its parent company. The loan was used by the parent company to part fund its acquisition of the issued share capital of the company. Between 2 June 2025 and 30 November 2025 the company also paid expenses on behalf of the parent company amounting to £77,148 (2024: £Nil). The balances were interest free, unsecured and repayable on demand.
The parent company entered administration on 29 January 2026. Accordingly, the amount due from the parent company at 30 November 2025 of £1,055,148, less £19,122 (2024 - £Nil) recovered subsequent to the year end, has been fully provided for. The resulting impairment charge is £1,036,026 (2024: £Nil). |
|
|
| 9 |
Other information |
|
|
Study Active Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
7 Paynes Park |
|
Hitchin |
|
Hertfordshire |
|
SG5 1EH |