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REGISTERED NUMBER: 01381691 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Northumbria International School of
English Limited

Northumbria International School of
English Limited (Registered number: 01381691)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Northumbria International School of
English Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr T Udberg
Ms P Mullen
Mrs C Preston





SECRETARY: Ms P Mullen





REGISTERED OFFICE: c/o International House
7-15 Gallowgate
Newcastle Upon Tyne
Tyne and Wear
NE1 4SG





REGISTERED NUMBER: 01381691 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Northumbria International School of
English Limited (Registered number: 01381691)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 359,134 302,526
359,134 302,526

CURRENT ASSETS
Stocks 1,323 1,274
Debtors 7 257,455 124,559
Cash at bank and in hand 71,620 14,088
330,398 139,921
CREDITORS
Amounts falling due within one year 8 760,201 722,283
NET CURRENT LIABILITIES (429,803 ) (582,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,669

)

(279,836

)

CREDITORS
Amounts falling due after more than one
year

9

36,653

54,090
NET LIABILITIES (107,322 ) (333,926 )

CAPITAL AND RESERVES
Called up share capital 67 67
Capital redemption reserve 33 33
Profit and loss account (107,422 ) (334,026 )
SHAREHOLDERS' FUNDS (107,322 ) (333,926 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2024 and were signed on its behalf by:





Mr T Udberg - Director


Northumbria International School of
English Limited (Registered number: 01381691)

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

1. STATUTORY INFORMATION

Northumbria International School of English Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable for providing educational services, accommodation and café sales stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company.

Other intangible assets
Intangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. It is amortised over its estimated useful life of three years, after being brought into use, using the straight-line method.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with length of lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost and 15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell. Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to their present location and condition.

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 accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Northumbria International School of
English Limited (Registered number: 01381691)

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

3. ACCOUNTING POLICIES - continued

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate ruling at the date of the transaction.

Balances at the year-end denominated in a foreign currency are translated at the rate of exchange ruling at the balance sheet date.

Leasing
Rentals payable under operating leases are charges to profit or loss on a straight line basis over the term, unless the rental payments are structured to increase in line with expected general inflation, in which case the company recognises annual rent expense equal to amounts owed to the lessor.

The aggregate benefit of lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight line basis.

Employee benefits
Short term employee benefits including pension contributions are recognised as an expense in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 22 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 88,400
AMORTISATION
At 1 September 2022
and 31 August 2023 88,400
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

Northumbria International School of
English Limited (Registered number: 01381691)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 530,040 27,384 128,333 168,154 853,911
Additions 78,063 1 1,164 9,272 88,500
At 31 August 2023 608,103 27,385 129,497 177,426 942,411
DEPRECIATION
At 1 September 2022 281,131 19,361 102,900 147,993 551,385
Charge for year 20,698 1,204 3,988 6,002 31,892
At 31 August 2023 301,829 20,565 106,888 153,995 583,277
NET BOOK VALUE
At 31 August 2023 306,274 6,820 22,609 23,431 359,134
At 31 August 2022 248,909 8,023 25,433 20,161 302,526

The company has allowed a fixed and floating charge over the company's assets, including the leasehold buildings, as security for the bank loan and overdraft.


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 169,668 64,344
Other debtors 87,787 60,215
257,455 124,559

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,066 43,605
Trade creditors 348,556 374,763
Taxation and social security 89,677 175,526
Other creditors 299,902 128,389
760,201 722,283

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 11,062 18,640
Other creditors 25,591 35,450
36,653 54,090

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 125,575 125,575
Between one and five years 502,300 502,300
In more than five years 1,349,931 1,475,506
1,977,806 2,103,381

Northumbria International School of
English Limited (Registered number: 01381691)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 33,128 62,245

The bank overdraft and bank loans are secured by a fixed and floating charge over the undertaking and all property and assets.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr T Udberg
Balance outstanding at start of year 12,469 12,469
Amounts advanced 1,937 -
Amounts repaid (2,166 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,240 12,469

Ms P Mullen
Balance outstanding at start of year 9,038 9,038
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,038 9,038

The above loans attract interest at rates between 0% to 2.5%, are unsecured and repayable on demand.