Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312trueNo description of principal activity2023-01-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12756701 2023-01-01 2023-12-31 12756701 2022-01-01 2022-12-31 12756701 2023-12-31 12756701 2022-12-31 12756701 c:Director2 2023-01-01 2023-12-31 12756701 d:CurrentFinancialInstruments 2023-12-31 12756701 d:CurrentFinancialInstruments 2022-12-31 12756701 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12756701 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12756701 d:ShareCapital 2023-12-31 12756701 d:ShareCapital 2022-12-31 12756701 d:RetainedEarningsAccumulatedLosses 2023-12-31 12756701 d:RetainedEarningsAccumulatedLosses 2022-12-31 12756701 c:FRS102 2023-01-01 2023-12-31 12756701 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12756701 c:FullAccounts 2023-01-01 2023-12-31 12756701 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12756701 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12756701









YK PAO SCHOOL EXTENSION PROGRAMS (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
YK PAO SCHOOL EXTENSION PROGRAMS (UK) LIMITED
REGISTERED NUMBER: 12756701

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
16,080
19,441

  
16,080
19,441

Creditors: amounts falling due within one year
 5 
(50,045)
(49,098)

Net current liabilities
  
 
 
(33,965)
 
 
(29,657)

Total assets less current liabilities
  
(33,965)
(29,657)

  

Net liabilities
  
(33,965)
(29,657)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(34,065)
(29,757)

Total equity
  
(33,965)
(29,657)


Page 1

 
YK PAO SCHOOL EXTENSION PROGRAMS (UK) LIMITED
REGISTERED NUMBER: 12756701
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




X Liu
Director

Date: 20 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
YK PAO SCHOOL EXTENSION PROGRAMS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

YK Pao School Extension Programs (UK) Limited (the "Company") is a private company limited by shares. The Company is incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London, N3 1LF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Whilst the Company is in a net liabilities position, it retains the support of its shareholder and as such the directors consider it appropriate to prepare the accounts on a going concern basis.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
YK PAO SCHOOL EXTENSION PROGRAMS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
16,080
19,441



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
48,245
47,298

Accruals
1,800
1,800

50,045
49,098



6.


Related party transactions

The Company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.

Page 4

 
YK PAO SCHOOL EXTENSION PROGRAMS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Controlling party

The ultimate parent company is YK Pao Education Foundation (formerly known as YK Pao School Foundation (Hong Kong) Limited), a company incorporated in Hong Kong.

 
Page 5