Unfolding Futures Academy Limited 12363109 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Other education services Digita Accounts Production Advanced 6.30.9574.0 true 12363109 2023-01-01 2023-12-31 12363109 2023-12-31 12363109 core:CurrentFinancialInstruments 2023-12-31 12363109 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12363109 bus:SmallEntities 2023-01-01 2023-12-31 12363109 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12363109 bus:FullAccounts 2023-01-01 2023-12-31 12363109 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12363109 bus:RegisteredOffice 2023-01-01 2023-12-31 12363109 bus:Director1 2023-01-01 2023-12-31 12363109 bus:Director2 2023-01-01 2023-12-31 12363109 bus:Director3 2023-01-01 2023-12-31 12363109 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12363109 countries:EnglandWales 2023-01-01 2023-12-31 12363109 2022-01-01 2022-12-31 12363109 2022-12-31 12363109 core:CurrentFinancialInstruments 2022-12-31 12363109 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12363109

Unfolding Futures Academy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Unfolding Futures Academy Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Unfolding Futures Academy Limited

Company Information

Directors

A C Rosewarne

J R Davy

D E Rosewarne

Registered office

21 Navigaton Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Unfolding Futures Academy Limited

(Registration number: 12363109)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

672

672

Cash at bank and in hand

 

-

264

 

672

936

Creditors: Amounts falling due within one year

5

(68,452)

(67,180)

Net liabilities

 

(67,780)

(66,244)

Capital and reserves

 

Called up share capital

200

200

Retained earnings

(67,980)

(66,444)

Shareholders' deficit

 

(67,780)

(66,244)

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 July 2024 and signed on its behalf by:
 

.........................................
A C Rosewarne
Director

   
     
 

Unfolding Futures Academy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
21 Navigaton Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Unfolding Futures Academy Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Debtors

2023
£

2022
£

Other debtors

672

672

 

672

672

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

86

81

Amounts owed to group undertakings and undertakings in which the company has a participating interest

68,366

67,099

68,452

67,180