IRIS Accounts Production v24.2.0.383 10107693 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101076932022-12-31101076932023-12-31101076932023-01-012023-12-31101076932021-12-31101076932022-01-012022-12-31101076932022-12-3110107693ns15:EnglandWales2023-01-012023-12-3110107693ns14:Euro2023-01-012023-12-3110107693ns10:Director12023-01-012023-12-3110107693ns10:CompanySecretary12023-01-012023-12-3110107693ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110107693ns10:SmallEntities2023-01-012023-12-3110107693ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3110107693ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110107693ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110107693ns10:FullAccounts2023-01-012023-12-3110107693ns10:Director22023-01-012023-12-3110107693ns10:RegisteredOffice2023-01-012023-12-3110107693ns5:RetainedEarningsAccumulatedLosses2022-12-3110107693ns5:RetainedEarningsAccumulatedLosses2021-12-3110107693ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3110107693ns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-3110107693ns5:RetainedEarningsAccumulatedLosses2023-12-3110107693ns5:RetainedEarningsAccumulatedLosses2022-12-3110107693ns5:CurrentFinancialInstruments2023-12-3110107693ns5:CurrentFinancialInstruments2022-12-3110107693ns5:ShareCapital2023-12-3110107693ns5:ShareCapital2022-12-3110107693ns5:CapitalRedemptionReserve2023-12-3110107693ns5:CapitalRedemptionReserve2022-12-3110107693ns5:FurnitureFittings2022-12-3110107693ns5:ComputerEquipment2022-12-3110107693ns5:FurnitureFittings2023-01-012023-12-3110107693ns5:ComputerEquipment2023-01-012023-12-3110107693ns5:FurnitureFittings2023-12-3110107693ns5:ComputerEquipment2023-12-3110107693ns5:FurnitureFittings2022-12-3110107693ns5:ComputerEquipment2022-12-3110107693ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110107693ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110107693ns5:WithinOneYear2023-12-3110107693ns5:WithinOneYear2022-12-3110107693ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3110107693ns5:AcceleratedTaxDepreciationDeferredTax2022-12-3110107693ns5:DeferredTaxation2022-12-3110107693ns5:DeferredTaxation2023-01-012023-12-3110107693ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: 10107693 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COMPANIONS FOR LEADERSHIP LIMITED

COMPANIONS FOR LEADERSHIP LIMITED (REGISTERED NUMBER: 10107693)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Statement of Income and Retained Earnings 4

Balance Sheet 5

Notes to the Financial Statements 7


COMPANIONS FOR LEADERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Legrand
L Wrennmark





SECRETARY: A D Bischoff





REGISTERED OFFICE: Prama House Suite 72
267 Banbury Road
Oxford
Oxfordshire
OX2 7HT





REGISTERED NUMBER: 10107693 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
5th Floor, R+ Building
2 Blagrave Street
Reading
Berkshire
RG1 1AZ

COMPANIONS FOR LEADERSHIP LIMITED (REGISTERED NUMBER: 10107693)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023


The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity is that of global leadership consultancy, strategic and performance consultancy, executive and leadership development programmes, coaching and mentoring.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

C Legrand
L Wrennmark

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A D Bischoff - Secretary


9 September 2024

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COMPANIONS FOR LEADERSHIP LIMITED



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Companions For Leadership Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Companions For Leadership Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Companions For Leadership Limited and state those matters that we have agreed to state to the Board of Directors of Companions For Leadership Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Companions For Leadership Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Companions For Leadership 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 profit of Companions For Leadership Limited. You consider that Companions For Leadership 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 Companions For Leadership 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.






Crowe U.K. LLP
5th Floor, R+ Building
2 Blagrave Street
Reading
Berkshire
RG1 1AZ


19 September 2024

COMPANIONS FOR LEADERSHIP LIMITED (REGISTERED NUMBER: 10107693)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
€    €   

TURNOVER 2,865,449 3,716,486

Cost of sales 2,077,555 2,890,246
GROSS PROFIT 787,894 826,240

Administrative expenses 738,751 668,375
OPERATING PROFIT and
PROFIT BEFORE TAXATION 49,143 157,865

Tax on profit 7,080 29,262
PROFIT FOR THE FINANCIAL YEAR 42,063 128,603

Retained earnings at beginning of
year

547,327

418,724

Dividends (250,000 ) -

RETAINED EARNINGS AT END OF
YEAR

339,390

547,327

COMPANIONS FOR LEADERSHIP LIMITED (REGISTERED NUMBER: 10107693)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 4 3,323 8,147

CURRENT ASSETS
Stocks 3,949 8,610
Debtors 5 440,991 1,137,360
Cash at bank and in hand 724,050 942,834
1,168,990 2,088,804
CREDITORS
Amounts falling due within one year 6 820,236 1,535,731
NET CURRENT ASSETS 348,754 553,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,077

561,220

PROVISIONS FOR LIABILITIES 8 831 2,037
NET ASSETS 351,246 559,183

CAPITAL AND RESERVES
Called up share capital 4,721 4,721
Capital redemption reserve 7,135 7,135
Retained earnings 339,390 547,327
351,246 559,183

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.

COMPANIONS FOR LEADERSHIP LIMITED (REGISTERED NUMBER: 10107693)

BALANCE SHEET - continued
31 DECEMBER 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





C Legrand - Director


COMPANIONS FOR LEADERSHIP LIMITED (REGISTERED NUMBER: 10107693)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Companions For Leadership 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 Euro (€).


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.

Going concern
The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


COMPANIONS FOR LEADERSHIP LIMITED (REGISTERED NUMBER: 10107693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

COMPANIONS FOR LEADERSHIP LIMITED (REGISTERED NUMBER: 10107693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
€    €    €   
COST
At 1 January 2023 208 21,659 21,867
Disposals - (1,766 ) (1,766 )
At 31 December 2023 208 19,893 20,101
DEPRECIATION
At 1 January 2023 208 13,512 13,720
Charge for year - 4,452 4,452
Eliminated on disposal - (1,394 ) (1,394 )
At 31 December 2023 208 16,570 16,778
NET BOOK VALUE
At 31 December 2023 - 3,323 3,323
At 31 December 2022 - 8,147 8,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade debtors 337,522 375,846
Other debtors 46,400 53,409
Tax 1,968 -
Prepayments and accrued income 55,101 708,105
440,991 1,137,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Trade creditors 102,628 146,240
Corporation tax 8,286 29,224
Social security and other taxes 5,720 1,104
Other creditors 15,945 -
Accruals and deferred income 687,657 1,359,163
820,236 1,535,731

COMPANIONS FOR LEADERSHIP LIMITED (REGISTERED NUMBER: 10107693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
€    €   
Within one year - 21,151

8. PROVISIONS FOR LIABILITIES
2023 2022
€    €   
Deferred tax
Accelerated capital allowances 831 2,037

Deferred
tax
€   
Balance at 1 January 2023 2,037
Provided during year (1,206 )
Balance at 31 December 2023 831

9. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge, represents contributions payable by the company to the fund and amounted to €2,335 (2022 - €3,330). Employee and employer contributions payable at the year end amounted to €Nil (2022 - €Nil).

10. RELATED PARTY TRANSACTION

Oxford Leadership France is a wholly owned personal service company of Cyril Legrand, a director of the company. During the year, the company paid remuneration for services rendered of €233,365 (2022: €280,320) to Oxford Leadership France. In addition, Oxford Leadership France paid French based support staff €115,016 on behalf of the company (2022: €94,360) and recharged these costs to the company.

The company paid remuneration for services rendered of €253,394 (2022: €231,100) to Lasse Wrennmark, a director of the company.