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REGISTERED NUMBER: 08661073 (England and Wales)















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: Ms H Mirkamali
H Kaveh Baghbadrani
M N Baghbadrani





SECRETARY: M N Baghbadrani





REGISTERED OFFICE: 253 Wells Road
Malvern
Worcestershire
WR14 4JF





REGISTERED NUMBER: 08661073 (England and Wales)





ACCOUNTANTS: BK Plus Limited
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 14,499 17,141

CURRENT ASSETS
Debtors 1,984,713 2,195,320
Cash at bank and in hand 60,634 113,218
2,045,347 2,308,538
CREDITORS
Amounts falling due within one year (883,219 ) (1,113,867 )
NET CURRENT ASSETS 1,162,128 1,194,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,176,627

1,211,812

CREDITORS
Amounts falling due after more than
one year

(17,460

)

(27,459

)

PROVISIONS FOR LIABILITIES (2,755 ) (3,257 )
NET ASSETS 1,156,412 1,181,096

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 1,156,312 1,180,996
SHAREHOLDERS' FUNDS 1,156,412 1,181,096

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.

ABBEY COLLEGE IN MALVERN LIMITED (REGISTERED NUMBER: 08661073)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 August 2024 and were signed on its behalf by:





H Kaveh Baghbadrani - Director


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 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Income represents student college fees, outside the scope of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

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 54 (2022 - 40 ) .

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 39,250
DEPRECIATION
At 1 September 2022 22,109
Charge for year 2,642
At 31 August 2023 24,751
NET BOOK VALUE
At 31 August 2023 14,499
At 31 August 2022 17,141

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: £    £   
100 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.