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REGISTERED NUMBER: 09505186 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ONLINE EDUCATION PARTNERSHIP LIMITED

ONLINE EDUCATION PARTNERSHIP LIMITED (REGISTERED NUMBER: 09505186)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONLINE EDUCATION PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A J L Altham
R J N Howorth





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 09505186 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

ONLINE EDUCATION PARTNERSHIP LIMITED (REGISTERED NUMBER: 09505186)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 825 825

CURRENT ASSETS
Debtors 5 20,000 535,712
Cash at bank - 2,211
20,000 537,923
CREDITORS
Amounts falling due within one year 6 54,349 24,500
NET CURRENT (LIABILITIES)/ASSETS (34,349 ) 513,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,524

)

514,248

CREDITORS
Amounts falling due after more than one
year

7

13,608

19,333
NET (LIABILITIES)/ASSETS (47,132 ) 494,915

CAPITAL AND RESERVES
Called up share capital 8 7,427 7,427
Share premium 9 1,086,863 1,086,863
Retained earnings 9 (1,141,422 ) (599,375 )
SHAREHOLDERS' FUNDS (47,132 ) 494,915

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.

ONLINE EDUCATION PARTNERSHIP LIMITED (REGISTERED NUMBER: 09505186)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





R J N Howorth - Director


ONLINE EDUCATION PARTNERSHIP LIMITED (REGISTERED NUMBER: 09505186)

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


1. STATUTORY INFORMATION

Online Education Partnership 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.

GOING CONCERN

The company made a loss of £542,047 for the year and had negative shareholder funds of £47,132 at the balance sheet date..

The company is currently funded via director/shareholder loans to meet its liabilities as they fall due..

The accounts are prepared on a going concern basis as the directors remain confident of ongoing support from a number of shareholders to enable the company to wind down its affairs in an orderly manner following settlement of its liabilities.

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 Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ONLINE EDUCATION PARTNERSHIP LIMITED (REGISTERED NUMBER: 09505186)

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


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 825
NET BOOK VALUE
At 31 December 2023 825
At 31 December 2022 825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 20,000 535,712

In 2023, the company made a further provision of £521,751 against the remaining balance due from its subsidiary.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,859 8,000
Trade creditors 1,530 -
Other creditors 44,960 16,500
54,349 24,500

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 13,608 19,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
742,759 Ordinary shares 0.01 7,427 7,427

ONLINE EDUCATION PARTNERSHIP LIMITED (REGISTERED NUMBER: 09505186)

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


9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (599,375 ) 1,086,863 487,488
Deficit for the year (542,047 ) (542,047 )
At 31 December 2023 (1,141,422 ) 1,086,863 (54,559 )

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company owed £42,100 (2022 - £15,000) to the directors/shareholders for loans advanced during the year.

11. ULTIMATE CONTROLLING PARTY

During the period the company was under the control of the directors.