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REGISTERED NUMBER: 08146919 (England and Wales)


















Financial Statements for the Year Ended 31 December 2023

for

NEXT STEP EDUCATION LIMITED

NEXT STEP EDUCATION LIMITED (REGISTERED NUMBER: 08146919)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NEXT STEP EDUCATION LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D R D Wellesley-Wesley
C Bonas
W P R Petty
S Gaisina-Bonas
R J Wellesley-Wesley
H Cobb
G R Schady-Beckett





REGISTERED OFFICE: 18 The Power Station
London
SW11 8BZ





REGISTERED NUMBER: 08146919 (England and Wales)





ACCOUNTANTS: BDA Associates Limited
Chartered Accountants
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD

NEXT STEP EDUCATION LIMITED (REGISTERED NUMBER: 08146919)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 10,000
Tangible assets 5 2,118 8,092
Investments 6 3,510,184 3,510,184
3,522,302 3,528,276

CURRENT ASSETS
Debtors 7 92,522 309,861
Cash at bank 160,318 129,018
252,840 438,879
CREDITORS
Amounts falling due within one year 8 455,333 50,201
NET CURRENT (LIABILITIES)/ASSETS (202,493 ) 388,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,319,809

3,916,954

CREDITORS
Amounts falling due after more than one
year

9

-

697,000
NET ASSETS 3,319,809 3,219,954

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 2,812,900 2,812,900
Retained earnings 506,809 406,954
SHAREHOLDERS' FUNDS 3,319,809 3,219,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

NEXT STEP EDUCATION LIMITED (REGISTERED NUMBER: 08146919)

Statement of Financial Position - continued
31 December 2023


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

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 1 August 2024 and were signed on its behalf by:





D R D Wellesley-Wesley - Director


NEXT STEP EDUCATION LIMITED (REGISTERED NUMBER: 08146919)

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

1. STATUTORY INFORMATION

Next Step Education 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.

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
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

NEXT STEP EDUCATION LIMITED (REGISTERED NUMBER: 08146919)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 10,000
At 31 December 2022 10,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 12,376 28,000 40,376
DEPRECIATION
At 1 January 2023 7,784 24,500 32,284
Charge for year 2,474 3,500 5,974
At 31 December 2023 10,258 28,000 38,258
NET BOOK VALUE
At 31 December 2023 2,118 - 2,118
At 31 December 2022 4,592 3,500 8,092

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 3,510,184
NET BOOK VALUE
At 31 December 2023 3,510,184
At 31 December 2022 3,510,184

NEXT STEP EDUCATION LIMITED (REGISTERED NUMBER: 08146919)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 23,360
Amounts owed by group undertakings 61,537 81,501
Other debtors 30,985 205,000
92,522 309,861

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 70,018 -
Tax 145 14
Social security & other taxes 24,996 27,801
VAT 3,774 10,136
Loan notes 348,500 -
Accrued expenses 7,900 12,250
455,333 50,201

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Loan notes - 697,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,000 Ordinary £0.01 100 100