Company No: 16212119 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.01.2026
		£
Fixed assets
Intangible assets	3	43,833
		43,833
Current assets
Debtors	4	1,960
Cash at bank and in hand		200,140
		202,100
Creditors: amounts falling due within one year	5	( 44,103)
Net current assets		157,997
Total assets less current liabilities		201,830
Net assets		201,830
Capital and reserves
Called-up share capital	6	1,187
Share premium account		249,813
Profit and loss account		( 49,170 )
Total shareholders' funds		201,830

For the financial period ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges 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 Prism Edtech Ltd (registered number: 16212119) were approved and authorised for issue by the Director on 18 September 2026. They were signed on its behalf by:

Sarah Graham Director

1. Accounting policies

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

General information and basis of accounting

Prism Edtech Ltd (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 Bedford 1 Lab Stannard Way, Priory Business Park, Bedford, MK44 3RZ, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Prism Edtech Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Reporting period length

This accounting period covers the period from the company's incorporation on the 27 January 2025 to the year end 31 January 2026.

Retirement benefits

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

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:

Computer software

not amortised

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the director is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is three years. Provision is made for any impairment.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

2. Employees

	Period from 27.01.2025 to 31.01.2026
	Number
Monthly average number of persons employed by the Company during the period, including the director	1

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 27 January 2025	0		0
Additions	43,833		43,833
At 31 January 2026	43,833		43,833
Accumulated amortisation
At 27 January 2025	0		0
At 31 January 2026	0		0
Net book value
At 31 January 2026	43,833		43,833

As the software was still in development and not ready for use at the year end, no amortisation has been recognised during the year.

4. Debtors

	31.01.2026
	£
Other debtors	1,960

5. Creditors: amounts falling due within one year

	31.01.2026
	£
Trade creditors	7,845
Amounts owed to related parties	28,998
Other taxation and social security	5,387
Other creditors	1,873
	44,103

6. Called-up share capital

	31.01.2026
	£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000
125 Ordinary A shares of £ 1.00 each	125
62 Ordinary B shares of £ 1.00 each	62
	1,187

7. Related party transactions

During the period, the company entered into transactions with a related company under common shareholder control. At the period end, £28,998 was owed to the related party; this balance is interest-free and repayable on demand.