Owl Education Limited 08956845 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Other education not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true 08956845 2022-04-01 2023-03-31 08956845 2023-03-31 08956845 core:CurrentFinancialInstruments 2023-03-31 08956845 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08956845 core:Non-currentFinancialInstruments 2023-03-31 08956845 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08956845 core:MoreThanFiveYears 1 2023-03-31 08956845 bus:SmallEntities 2022-04-01 2023-03-31 08956845 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08956845 bus:FullAccounts 2022-04-01 2023-03-31 08956845 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08956845 bus:RegisteredOffice 2022-04-01 2023-03-31 08956845 bus:Director1 2022-04-01 2023-03-31 08956845 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08956845 countries:EnglandWales 2022-04-01 2023-03-31 08956845 2021-04-01 2022-03-31 08956845 2022-03-31 08956845 core:CurrentFinancialInstruments 2022-03-31 08956845 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 08956845 core:Non-currentFinancialInstruments 2022-03-31 08956845 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 08956845 core:MoreThanFiveYears 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 08956845

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

for
 

Owl Education Limited

 

Owl Education Limited

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

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Owl Education Limited

Company Information
for the Year Ended 31 March 2023

Director:

Ms R Verma

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

08956845

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Owl Education Limited

(Registration number: 08956845)
Balance Sheet as at 31 March 2023

Note

31.03.23

31.03.22

   

£

£

£

£

CURRENT ASSETS

   

 

Debtors

4

 

53,545

 

40,654

Cash at bank and in hand

   

100

 

3,805

   

53,645

 

44,459

CREDITORS

   

 

Creditors within 1yr

5

 

18,556

 

11,863

Total assets less current liabilities

   

35,089

 

32,596

Creditors
Amounts falling due after more than one year

5

 

18,339

 

21,426

Net assets

   

16,750

 

11,170

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

16,650

 

11,070

Shareholders' funds

   

16,750

 

11,170

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 March 2024
 

.........................................
Ms R Verma
Director

 

Owl Education Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 1 March 2024.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Owl Education Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 thathave 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.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 0).

4.

Debtors

Current

31.03.23
£

31.03.22
£

Prepayments

-

4,000

Other debtors

53,545

36,654

 

Owl Education Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023 (continued)

5.

Creditors

Creditors: amounts falling due within one year

Note

31.03.23
£

31.03.22
£

Due within one year

 

Loans and borrowings

6,791

2,889

Taxation and social security

 

943

3,831

Accruals and deferred income

 

3,240

3,600

Other creditors

 

7,582

1,543

 

18,556

11,863

Creditors: amounts falling due after more than one year

31.03.23
£

31.03.22
£

Non-current loans and borrowings

Bank borrowings

18,339

21,426

31.03.23
£

31.03.22
£

Due after more than five years

After more than five years by instalments

6,912

9,999

-

-