REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 |
FOR |
ABBEY COLLEGE IN MALVERN LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 |
FOR |
ABBEY COLLEGE IN MALVERN LIMITED |
ABBEY COLLEGE IN MALVERN LIMITED (REGISTERED NUMBER: 08661073) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
ABBEY COLLEGE IN MALVERN LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |
ABBEY COLLEGE IN MALVERN LIMITED (REGISTERED NUMBER: 08661073) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
31 AUGUST 2023 |
31.8.23 | 31.8.22 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
ABBEY COLLEGE IN MALVERN LIMITED (REGISTERED NUMBER: 08661073) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31 AUGUST 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ABBEY COLLEGE IN MALVERN LIMITED (REGISTERED NUMBER: 08661073) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2023 |
1. | STATUTORY INFORMATION |
Abbey College in Malvern Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Income represents student college fees, outside the scope of VAT. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
Deferred tax |
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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ABBEY COLLEGE IN MALVERN LIMITED (REGISTERED NUMBER: 08661073) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2023 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 September 2022 |
and 31 August 2023 |
DEPRECIATION |
At 1 September 2022 |
Charge for year |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
5. | SECURED DEBTS |
One of the company's banks has a debenture over the company's assets. |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.23 | 31.8.22 |
value: | £ | £ |
Ordinary shares | £1 | 100 | 100 |
ABBEY COLLEGE IN MALVERN LIMITED (REGISTERED NUMBER: 08661073) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2023 |
7. | RELATED PARTY DISCLOSURES |
Crystalight Limited |
Company under common control |
H Kaveh Baghbadrani, director of the company, is also a director of Crystalight Limited. This company has advanced working capital to the related party. At the year end the company was owed £1,268,578 (2022: £1,539,162) by the related party, which is shown in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed. |
Pittville Properties Limited |
Company under common control |
H Kaveh Baghbadrani, director of the company, is also a director of Pittville Properties Limited. This company and the related party have, at various times, provided working capital to each other. At the year end the company owed £9,673 (2022: owed by £8,327) to the related party, which is shown in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed. |
A. D. B. (Malvern) Limited |
Company under common control |
H Kaveh Baghbadrani, director of the company, is also a director of A. D. B. (Malvern) Limited. This company has provided working capital to the related party. At the year end the company was owed £117,802 (2022: £117,802) by the related party, which is shown in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed. |
Watin Limited |
Company under common control |
H Kaveh Baghbadrani, director of the company, is also a director of Watin Limited. This company and the related party have, at various times, provided working capital to each other. At the year end the company owed £nil (2022: £178,443) to the related party. |
ABBEY COLLEGE IN MALVERN LIMITED (REGISTERED NUMBER: 08661073) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2023 |
RELATED PARTIES - continued |
My Freeholds Limited |
Company under common control |
H Kaveh Baghbadrani, director of the company, is also a director of My Freeholds Limited. This company and the related party have, at various times, provided working capital to each other. At the year end the company was owed £237,691 (2022: £221,691) by the related party, which is shown in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed. |
Shafie Accumulation and Maintenance Trust |
Trust in which two of the directors are trustees |
H Kaveh Baghbadrani and Ms H Mirkamali are trustees of the Shafie Accumulation and Maintenance Trust, which, in previous years, made charges on an arm's length basis to the company in respect of use of its facilities by the company. At the year end the company owed £98,428 (2022: £98,428) to the related party, which is shown in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed. |
M N Baghbadrani |
Senior employee of the company and appointed a director post year-end |
M N Baghbadrani was lent money by the company during a previous year. At the year ended the company was owed £1,183 (2022: £1,841), which is included in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed. |
Cedarbranch Limited |
Company under common control |
H Kaveh Baghbadrani, director of the company, is also a director of Cedarbranch Limited. This company and the related party have, at various times, provided working capital to each other. At the year end the company was owed £380 by the related party, which is shown in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed. |
Watin UK Limited |
Company under common control |
H Kaveh Baghbadrani, director of the company, is also a director of Watin UK Limited. This company and the related party have, at various times, provided working capital to each other. At the year end the company was owed £30,000 by the related party, which is shown in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed. |
Malvern Freeholds Limited |
Company under common control |
H Kaveh Baghbadrani, director of the company, is also a director of Malvern Freeholds Limited. This company and the related party have, at various times, provided working capital to each other. At the year end the company was owed £6,000 by the related party, which is shown in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed. |