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30/09/2023
2023-09-30
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No description of principal activities is disclosed
2022-10-01
Sage Accounts Production 21.0 - FRS102_2021
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12214420
2022-10-01
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1
2022-10-01
2023-09-30
Company registration number:
12214420
London Artlove Education Science and Technology Co Limited
Unaudited filleted financial statements
30 September 2023
London Artlove Education Science and Technology Co Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
London Artlove Education Science and Technology Co Limited
Directors and other information
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Director |
Ms. Mei Chen |
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Company number |
12214420 |
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Registered office |
Plot 2557 53 Fairbank Houser |
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13 Beaufort Square |
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London |
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NW9 4FH |
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Accountants |
Leftley Rowe & Company |
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2nd Floor |
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107 Charterhouse Street |
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Clerkenwell |
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London |
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EC1M 6HW |
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Bankers |
Revolt Limited |
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9th Floor |
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107 Cheapside |
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London |
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EC2V 6DN |
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London Artlove Education Science and Technology Co Limited
Statement of financial position
30 September 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Cash at bank and in hand |
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161 |
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208 |
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_______ |
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_______ |
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161 |
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208 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
133,609) |
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(
98,024) |
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_______ |
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_______ |
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Net current liabilities |
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(
133,448) |
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(
97,816) |
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_______ |
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_______ |
Total assets less current liabilities |
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(
133,448) |
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(
97,816) |
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_______ |
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_______ |
Net liabilities |
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(
133,448) |
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(
97,816) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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(
133,548) |
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(
97,916) |
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_______ |
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_______ |
Shareholder deficit |
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(
133,448) |
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(
97,816) |
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_______ |
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_______ |
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For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 July 2024
, and are signed on behalf of the board by:
Ms. Mei Chen
Director
Company registration number:
12214420
London Artlove Education Science and Technology Co Limited
Notes to the financial statements
Year ended 30 September 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Plot 2557 53 Fairbank Houser, 13 Beaufort Square, London, NW9 4FH.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company meets its day to day working capital requirements through the continued support of its shareholders for the foreseeable future, and at least 12 months from the date of signing of these financial statements. On this basis the director considers that it is appropriate to prepare the financial statements on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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113,441 |
78,441 |
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Social security and other taxes |
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1,551 |
998 |
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Other creditors |
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18,617 |
18,585 |
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_______ |
_______ |
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133,609 |
98,024 |
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_______ |
_______ |
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6.
Related party transactions
The company has received a loan from its parent company, Guangzhou Artlove Education Technology Co., Ltd, to assist with working capital requirements. At the Balance Sheet date the amount owing to the parent company was £113,441 (2022: £78,441).
7.
Controlling party
The parent company is Guangzhou Artlove Education Technology Co., Ltd, a company incorporated in China.
London Artlove Education Science and Technology Co Limited
The following pages do not form part of the statutory financial statement.
London Artlove Education Science and Technology Co Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of London Artlove Education Science and Technology Co Limited
Year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of London Artlove Education Science and Technology Co Limited for the year ended 30 September 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of London Artlove Education Science and Technology Co Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of London Artlove Education Science and Technology Co Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Artlove Education Science and Technology Co Limited and its director as a body for our work or for this report.
It is your duty to ensure that London Artlove Education Science and Technology Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of London Artlove Education Science and Technology Co Limited. You consider that London Artlove Education Science and Technology Co Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of London Artlove Education Science and Technology Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Leftley Rowe & Company
Chartered Accountants
2nd Floor
107 Charterhouse Street
Clerkenwell
London
EC1M 6HW
12 July 2024