Company No: 04341526 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	3,864		6,297
Tangible assets	4	1,268,878		1,281,727
Investments	5	1		1
		1,272,743		1,288,025
Current assets
Stocks	6	9,159		18,649
Debtors	7	95,878		68,611
Cash at bank and in hand		268,983		450,488
		374,020		537,748
Creditors: amounts falling due within one year	8	( 297,350)		( 509,662)
Net current assets		76,670		28,086
Total assets less current liabilities		1,349,413		1,316,111
Creditors: amounts falling due after more than one year	9	0		( 30,368)
Provision for liabilities		( 37,945)		( 31,540)
Net assets		1,311,468		1,254,203
Capital and reserves
Called-up share capital	10	85		85
Capital redemption reserve		15		15
Undistributable reserve		74,984		74,984
Profit and loss account		1,236,384		1,179,119
Total shareholders' funds		1,311,468		1,254,203

For the financial year ending 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Beet Language Centre Limited (registered number: 04341526) were approved and authorised for issue by the Board of Directors on 28 August 2026. They were signed on its behalf by:

Clive Barrow Director

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

Beet Language Centre Limited (the Company) 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 C/O Beet Language Centre, Nortoft Road, Bournemouth, BH8 8PY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	not depreciated
Leasehold improvements	5.3 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	10 % reducing balance
Office equipment	3 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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 Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	34		36

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 January 2025	27,299		27,299
Additions	972		972
At 31 December 2025	28,271		28,271
Accumulated amortisation
At 01 January 2025	21,002		21,002
Charge for the financial year	3,405		3,405
At 31 December 2025	24,407		24,407
Net book value
At 31 December 2025	3,864		3,864
At 31 December 2024	6,297		6,297

4. Tangible assets

	Land and buildings		Leasehold improve- ments		Vehicles		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 January 2025	1,413,673		236,780		10,200		201,236		187,566		0		2,049,455
Additions	0		0		0		3,110		834		3,781		7,725
At 31 December 2025	1,413,673		236,780		10,200		204,346		188,400		3,781		2,057,180
Accumulated depreciation
At 01 January 2025	213,673		224,469		1,700		164,597		163,289		0		767,728
Charge for the financial year	0		653		2,125		3,908		13,438		450		20,574
At 31 December 2025	213,673		225,122		3,825		168,505		176,727		450		788,302
Net book value
At 31 December 2025	1,200,000		11,658		6,375		35,841		11,673		3,331		1,268,878
At 31 December 2024	1,200,000		12,311		8,500		36,639		24,277		0		1,281,727

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	1
At 31 December 2025	1
Carrying value at 31 December 2025	1
Carrying value at 31 December 2024	1

Details of the investments (including principal place of business of unincorporated entities) in which the company's interest is 20% or more are as follows:

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2025	Ownership 31.12.2024
ITTC Europe Ltd	Nortoft Road, Bournemouth, BH8 8PY	Dormant	Limited by guarantee	100.00%	100.00%
CB & JB Ltd	Richmond Point, 42 Richmond Hill, Bournemouth, BH2 6LR	Dormant	Ordinary	100.00%	100.00%

6. Stocks

	2025		2024
	£		£
Stocks	9,159		18,649

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

7. Debtors

	2025		2024
	£		£
Trade debtors	0		1,325
Other debtors	95,878		67,286
	95,878		68,611

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	30,368		68,465
Trade creditors	30,935		18,925
Amounts owed to Group undertakings	1		1
Other taxation and social security	19,825		17,450
Other creditors	216,221		404,821
	297,350		509,662

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		30,368

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
850 Ordinary shares of £ 0.01 each (2024: 85 shares of £ 1.00 each)	85		85

11. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	784,380		716,822

This amount relates mainly to the lease of the business premised of £56,500 per annum (2024:£48,000) for 20 years and the lease of equipment for up to 5 years.