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Registration number: 12965901

The Career Transition Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

The Career Transition Group Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

The Career Transition Group Limited

Company Information

Directors

Mr Russell Albert Burt

Mr Matthew Roberts

Registered office

Hollinwood Business Centre
C/O Actuate Global
Albert Street
Lancashire
OL8 3QL

Accountants

Stewart & Cumming Ltd
31-33 Bridge Street
Musselburgh
Midlothian
EH21 6AA

 

The Career Transition Group Limited

(Registration number: 12965901)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,500,000

1,500,000

Capital and reserves

 

Called up share capital

5

1,500,000

1,500,000

Shareholders' funds

 

1,500,000

1,500,000

For the financial year ending 31 August 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 27 August 2024 and signed on its behalf by:
 

.........................................
Mr Matthew Roberts
Director

 

The Career Transition Group Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Hollinwood Business Centre
C/O Actuate Global
Albert Street
Lancashire
OL8 3QL
United Kingdom

These financial statements were authorised for issue by the Board on 27 August 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

The Career Transition Group Limited

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,500,000

1,500,000

Subsidiaries

£

Cost or valuation

At 1 September 2022

1,500,000

Provision

Carrying amount

At 31 August 2023

1,500,000

At 31 August 2022

1,500,000

5

Share capital

Allotted, called up and fully paid shares

 

The Career Transition Group Limited

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

2023

2022

No.

£

No.

£

Ordinary share A of £1 each

32,500

32,500

32,500

32,500

Ordinary share B of £1 each

10,000

10,000

10,000

10,000

Share preference A of £1 each

1,306,660

1,306,660

1,306,660

1,306,660

Share preference B of £1 each

150,840

150,840

150,840

150,840

1,500,000

1,500,000

1,500,000

1,500,000

6

Dividends