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Registration number: 02717346

Byron College Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Byron College Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Byron College Limited

(Registration number: 02717346)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

225,377

230,078

Current assets

 

Debtors

5

673

1,090

Cash at bank and in hand

 

439

197

 

1,112

1,287

Creditors: Amounts falling due within one year

6

(1,844)

(2,019)

Net current liabilities

 

(732)

(732)

Total assets less current liabilities

 

224,645

229,346

Creditors: Amounts falling due after more than one year

6

(225,377)

(230,078)

Net liabilities

 

(732)

(732)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(832)

(832)

Shareholders' deficit

 

(732)

(732)

 

Byron College Limited

(Registration number: 02717346)
Statement of Financial Position as at 31 December 2023 (continued)

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 26 September 2024
 


Mr K Koutsantonis
Director

 

Byron College 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:
26-28 Southernhay East
Exeter
EX1 1NS

Principal activity

The principal activity of the company is the making of purchases for, and the provision of services, a subsidiary company in Greece.

2

Accounting policies

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Changes in accounting policy

The following have been applied for the first time from 1 January 2023 and have had an effect on the financial statements:

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Turnover

Turnover represents the total value of goods, excluding value added tax. provided to customers during the year, plus the value of work, excluding value added tax, performed during the year with respect to services.

 

Byron College Limited

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

2

Accounting policies (continued)

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Fixed assets investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Byron College Limited

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

4

Investments

Subsidiaries

£

Cost or valuation

At 1 January 2023

230,078

Revaluation

(4,701)

At 31 December 2023

225,377

Provision

Carrying amount

At 31 December 2023

225,377

At 31 December 2022

230,078

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings

8

376

793

Other debtors

 

297

297

 

673

1,090

 

Byron College Limited

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

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,365

1,540

Other creditors

479

479

1,844

2,019

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

225,377

230,078

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

At 31 December 2023
£

Director

479

479

     
   

 

2022

At 1 January 2022
£

At 31 December 2022
£

Director

479

479