Company registration number: 07851296
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FOR THE YEAR ENDED
30 SEPTEMBER 2022
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LINGUARAMA HOLLAND LIMITED
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LINGUARAMA HOLLAND LIMITED
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COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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LINGUARAMA HOLLAND LIMITED
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CONTENTS
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Statement of financial position
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Statement of changes in equity
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Notes to the financial statements
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LINGUARAMA HOLLAND LIMITED
REGISTERED NUMBER:07851296
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STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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M Van Os
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The notes on pages 3 to 6 form part of these financial statements.
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LINGUARAMA HOLLAND LIMITED
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Comprehensive income for the year
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Currency translation differences
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At 1 October 2021 (as previously stated)
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Prior year adjustment - correction of error
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At 1 October 2021 (as restated)
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Comprehensive income for the year
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Currency translation differences
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The notes on pages 3 to 6 form part of these financial statements.
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LINGUARAMA HOLLAND LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Linguarama Holland Limited is a private company limited by shares, incorporated in England and Wales. The address of its registered office and principal places of business can be found on the company information page.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The Company has net liabilities of £16,667 (2021 - £39,637). However, for the year ended 30 September 2022 the Company made a net profit of £23,672 (2021 - made a net loss of £24,704).
The financial statements have been prepared on a going concern basis, which assumes the company will continue to trade in operational existence for the foreseeable future.
Marcus Evans Holdings (IOM) Ltd has also confirmed that it will currently continue to provide financial resources as may be required for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements.
At the time of approving the financial statements, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and Company also has group financial support available in case of financial difficulties. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Foreign currency translation
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Functional and presentation currency
The Company's functional currency is Euro. This differs from the presentational currency which is GBP. The reason for the difference is that the Euro is the currency of the primary economic environment in which it operates.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
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LINGUARAMA HOLLAND LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2.Accounting policies (continued)
Revenue arises from the provision of services in respect of management and arrangement of executive llanguage training courses. Revenue is measured at the fair value of the consideration received or receivable and represents amounts for the provision of services in the normal course of business, net of discounts and other sales-related taxes.
Revenue is recognised at the completion of the conference, untill which point the amounts invoiced are recorded as deferred income.
Directly attributable event expenses are recognised in the year in which the event has been completed. Expenses that relate to an event taking place in a subsequent financial year but paid prior to the year end are recorded as prepayments in the statement of financial position.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
The average number of employees during the year was 6 (2021 - 6)
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LINGUARAMA HOLLAND LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Other taxation and social security
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A prior year adjustment has been recognised to reduce other creditors and pensions costs, due to the September 2021 pension costs being incorrectly posted twice in the profit and loss. The value of other creditors has reduced by £11,446 as at 30 September 2021, with a corresponding reduction in cost of sales for the year ending 30 September 2021. Brought forward reserves at 1 October 2021 have therefore reduced by the corresponding amount.
The parent company of the smallest and largest group of which the company is a member and for which group accounts are prepared is Marcus Evans Conferences Ltd, the address of its registered office is Magnus House, 7th Floor, 3 Lower Thames Street, London, EC3R 6HE.
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LINGUARAMA HOLLAND LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The auditors' report on the financial statements for the year ended 30 September 2022 was unqualified.
The audit report was signed on 20 September 2024 by Andrew Cook FCA (Senior statutory auditor) on behalf of Menzies LLP.
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