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REGISTERED NUMBER: 05204659 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Challenging Learning Ltd

Challenging Learning Ltd (Registered number: 05204659)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Challenging Learning Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J A Nottingham
J Nottingham





REGISTERED OFFICE: 2 Linnet Court
Cawledge Business Park
Alnwick
Northumberland
NE66 2GD





REGISTERED NUMBER: 05204659 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Challenging Learning Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Challenging Learning Ltd for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Challenging Learning Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Challenging Learning Ltd and state those matters that we have agreed to state to the Board of Directors of Challenging Learning Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Challenging Learning Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Challenging Learning Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Challenging Learning Ltd. You consider that Challenging Learning Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Challenging Learning Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


14 February 2024

Challenging Learning Ltd (Registered number: 05204659)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 392,372 407,756

CURRENT ASSETS
Debtors 5 15,285 121,337
Investments 6 11,290 11,290
Cash at bank and in hand 16,026 17,765
42,601 150,392
CREDITORS
Amounts falling due within one year 7 226,117 712,576
NET CURRENT LIABILITIES (183,516 ) (562,184 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,856

(154,428

)

CREDITORS
Amounts falling due after more than one
year

8

(28,386

)

(39,538

)

PROVISIONS FOR LIABILITIES (5,207 ) (8,679 )
NET ASSETS/(LIABILITIES) 175,263 (202,645 )

Challenging Learning Ltd (Registered number: 05204659)

Balance Sheet - continued
31 August 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 9 175,063 (202,845 )
175,263 (202,645 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 14 February 2024 and were signed on its behalf by:





J A Nottingham - Director


Challenging Learning Ltd (Registered number: 05204659)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Challenging Learning Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 25% on reducing balance per annum
Computer equipment - 25% on reducing balance per annum

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.

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.

Challenging Learning Ltd (Registered number: 05204659)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Website
property property costs
£    £    £   
COST
At 1 September 2022
and 31 August 2023 310,800 69,368 37,579
DEPRECIATION
At 1 September 2022 6,216 1,387 27,399
Charge for year 6,216 1,387 1,527
At 31 August 2023 12,432 2,774 28,926
NET BOOK VALUE
At 31 August 2023 298,368 66,594 8,653
At 31 August 2022 304,584 67,981 10,180

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 29,217 111,023 557,987
DEPRECIATION
At 1 September 2022 25,165 90,064 150,231
Charge for year 1,013 5,241 15,384
At 31 August 2023 26,178 95,305 165,615
NET BOOK VALUE
At 31 August 2023 3,039 15,718 392,372
At 31 August 2022 4,052 20,959 407,756

Challenging Learning Ltd (Registered number: 05204659)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,331 10,795
Amounts owed by associates - 13,397
VAT 834 22,666
Prepayments 120 74,479
15,285 121,337

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 11,290 11,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,680 22,680
Amounts owed to associates 600 565,895
Social security and other taxes - 5,178
Other creditors 2,672 5,079
Directors' current accounts 200,165 113,744
226,117 712,576

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,386 39,538

Challenging Learning Ltd (Registered number: 05204659)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. RESERVES
Retained
earnings
£   

At 1 September 2022 (202,845 )
Deficit for the year (146,977 )
Intercompany write off 524,885
At 31 August 2023 175,063

During the year there were intercompany loans written off totalling £524,885. These amounts are not recoverable and no tax relief has been claimed in relation to these balances.


Challenging Learning - NO13,397
Challenging Learning - NA(302,221)
Challenging Learning - DK(5,000)
Challenging Learning - SE(149,579)
Challenging Learning - AU(81,483)

Total(524,885)