REGISTERED NUMBER: |
THFI EDUCATION LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023 |
REGISTERED NUMBER: |
THFI EDUCATION LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023 |
THFI EDUCATION LIMITED (REGISTERED NUMBER: 13855055) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THFI EDUCATION LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and |
Statutory Auditors |
Clarke Nicklin House |
Brooks Drive |
Cheadle Royal Business Park |
Cheadle |
Cheshire |
SK8 3TD |
THFI EDUCATION LIMITED (REGISTERED NUMBER: 13855055) |
BALANCE SHEET |
31 MARCH 2023 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
THFI EDUCATION LIMITED (REGISTERED NUMBER: 13855055) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
THFI Education Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
These financial statements are prepared on the going concern basis. The company made a loss in the financial year and is also forecasting a loss in the current year. The parent company, UP Global Pte Ltd has provided a letter of support to the director to ensure the company can meet its day to day financial obligations and continue as a going concern. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
THFI EDUCATION LIMITED (REGISTERED NUMBER: 13855055) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 18 JANUARY 2022 TO 31 MARCH 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
VAT |
Prepayments and accrued income |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is UP Fitness Holdings Ltd, a company registered in England and Wales, and controlled by N J Mitchell. |
The ultimate parent company is UP Global Pte Ltd, a company registered in Singapore, and controlled by N J Mitchell. |