Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 30 July 2024 1 January 2023 31 December 2023 31 December 2023 06231576 Ms Jennifer Martin Mr Ashish Bhardwaj iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06231576 2022-12-31 06231576 2023-12-31 06231576 2023-01-01 2023-12-31 06231576 frs-core:CurrentFinancialInstruments 2023-12-31 06231576 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06231576 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06231576 frs-core:SharePremium 2023-12-31 06231576 frs-core:ShareCapital 2023-12-31 06231576 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06231576 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06231576 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06231576 frs-bus:SmallEntities 2023-01-01 2023-12-31 06231576 frs-bus:Audited 2023-01-01 2023-12-31 06231576 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06231576 frs-core:UnlistedNon-exchangeTraded 2023-12-31 06231576 frs-core:UnlistedNon-exchangeTraded 2022-12-31 06231576 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 06231576 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06231576 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 06231576 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 06231576 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06231576 frs-bus:Director1 2023-01-01 2023-12-31 06231576 frs-bus:Director2 2023-01-01 2023-12-31 06231576 frs-countries:EnglandWales 2023-01-01 2023-12-31 06231576 2021-12-31 06231576 2022-12-31 06231576 2022-01-01 2022-12-31 06231576 frs-core:CurrentFinancialInstruments 2022-12-31 06231576 frs-core:SharePremium 2022-12-31 06231576 frs-core:ShareCapital 2022-12-31 06231576 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06231576
Graduate Management Global Connection (UK) Ltd.
Financial Statements
For The Year Ended 31 December 2023
Braant Accounting
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06231576
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 809,000 840,000
809,000 840,000
CURRENT ASSETS
Debtors 5 930,126 688,346
Cash at bank and in hand 580,226 327,262
1,510,352 1,015,608
Creditors: Amounts Falling Due Within One Year 6 (420,324 ) (184,009 )
NET CURRENT ASSETS (LIABILITIES) 1,090,028 831,599
TOTAL ASSETS LESS CURRENT LIABILITIES 1,899,028 1,671,599
NET ASSETS 1,899,028 1,671,599
CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Share premium account 808,000 808,000
Profit and Loss Account 1,089,028 861,599
SHAREHOLDERS' FUNDS 1,899,028 1,671,599
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors and authorised for issue on 30 July 2024 and were signed on its behalf by:
Ms Jennifer Martin
Director
30/07/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Graduate Management Global Connection (UK) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 06231576 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared under the historical cost accounting rules and in accordance with applicable accounting standards.

The directors have prepared the accounts on a going concern basis, which assumes that the company will achieve sufficient financial resources in order to meet its short and medium term liability requirements. The company relies upon its parent company, Graduate Management Admission Council, which has confirmed that it will continue to provide this for the forseeable future.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates, value added tax and other sales tax.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the life of the lease
Computer Equipment Over 3 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Taxation for the year comprises current & 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 liabilites are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
2.8. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 7)
11 7
4. Investments
Unlisted
£
Cost
As at 1 January 2023 840,000
Fair value adjustments (31,000 )
As at 31 December 2023 809,000
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 809,000
As at 1 January 2023 840,000
Subsidiary Undertakings 
The following were subsidiary undertakings of the Company 
Name                               BUSINESSBECAUSE LTD 
Country of Incorporation     England & Wales 
Class of share                   100 Ordinary Shares of £1.00 each 
Holding                             100% 
Principle activities              Digital marketing 
The aggregate of the share capital and reserves as at 31 December 2023 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows : 
BUSINESSBECAUSE LTD 
Aggregate of share capital and reserves -£65,719 
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,632 25,200
Other debtors 120,647 83,781
Amounts owed by group undertakings 779,847 579,365
930,126 688,346
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 28,290 -
Corporation tax 134,671 39,859
Other taxes and social security 42,202 26,593
Other creditors 215,161 117,557
420,324 184,009
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7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,000 2,000
8. Contingent Liabilities
In the opinion of the directors, there were no contingent liabilities as at 31 December 2023 (2022 : £nil)
9. Related Party Transactions
The Group in which the results of the organisation are consolidated is that headed by Graduate Management Admission Council, its principal offices are situated at 11921 Freedom Drive, Suite 300, Reston, VA 20191, USA.
There is currently an amount due from the parent company of £779,847 (2022 : £583,931)
10. Audit Information
The auditors report on the account of Graduate Management Global Connection (UK) Ltd. for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Hemal Doshi (Senior Statutory Auditor) for and on behalf of RDH Accountants Limited , Statutory Auditor
RDH Accountants Limited
21, High Street
Harrow on the Hill
Middlesex
HA1 3HT
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