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REGISTERED NUMBER: 13111416 (England and Wales)


















Audited Financial Statements for the Year Ended 31 December 2022

for

GoStudent Ltd.

GoStudent Ltd. (Registered number: 13111416)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


GoStudent Ltd. (Registered number: 13111416)

Balance Sheet
31 December 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 5 6,678,671 2,537,397
Cash at bank 612,071 1,172,907
7,290,742 3,710,304
CREDITORS
Amounts falling due within one year 6 (6,781,666 ) (3,571,044 )
NET CURRENT ASSETS 509,076 139,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

509,076

139,260

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 509,075 139,259
SHAREHOLDERS' FUNDS 509,076 139,260

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 13 September 2023 and were signed on its behalf by:





F Ohswald - Director


GoStudent Ltd. (Registered number: 13111416)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

GoStudent Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13111416

Registered office: Tintagle House
92 Albert Embankment
London
SE1 7TY

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 represents the total invoice value, excluding value added tax, of sales made during the year.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

GoStudent Ltd. (Registered number: 13111416)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Foreign currencies
Monetary assets and liabilities in currencies other than the operating currency in which the financial statements are presented ("accounting currency"), after the initial entry, are recorded at the spot exchange rate at the end of the period. The consequent exchange gains or losses are stated on the Profit and Loss Account in item "exchange gains and losses" and any net gain which contributes to the result for the period is set aside in a specific reserve which is non-distributable until realisation.

Non-monetary assets and liabilities in currencies other than the accounting currency are recorded at the exchange rate at the moment of their purchase. If the exchange rate at the end of the financial period is significantly different to the rate at the purchase date, the exchange difference is one of the elements considered in calculating the value which may be recorded on the Balance Sheet for the individual non-monetary assets. In the case, any exchange differences (positive or negative) contribute to determining the recoverable value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 131 (2021 - 40 ) .

4. AUDITORS' REMUNERATION
Period
4/1/21
Year Ended to
31/12/22 31/12/21
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

18,000

18,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 6,211,849 2,264,813
Other debtors 221,116 82,859
VAT 243,644 76,422
Deferred tax asset - 2,078
Prepayments and accrued income 2,062 111,225
6,678,671 2,537,397

GoStudent Ltd. (Registered number: 13111416)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Intercompany loan 1,303,213 1,250,000
Trade creditors 4,106 107,538
Amounts owed to group undertakings 4,031,049 2,137,159
Tax 121,363 34,128
PAYE - 18,031
Other creditors 1,240,843 8,312
Net wages - (2,124 )
Accruals and deferred income 81,092 18,000
6,781,666 3,571,044

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary 1 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Barry Grant Chernoff FCCA (Senior Statutory Auditor)
for and on behalf of Davis Grant Limited

9. RELATED PARTY DISCLOSURES

GoStudent Ltd. has taken advantage of the exemptions conferred by Section 33 and has not disclosed related party transactions for wholly owned companies within the group.

10. POST BALANCE SHEET EVENTS

There were no post balance sheet events.

11. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking of GoStudent Ltd. is GoStudent GmbH, a company incorporated in Austria. The address is Ernst Melchior-Gasse 20, 6. OG 1020 Wien. The consolidated financial statements are not available on the public domain. .