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REGISTERED NUMBER: 07662566 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Jubilee International Education Group
Limited

Jubilee International Education Group
Limited (Registered number: 07662566)






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


Jubilee International Education Group
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ms J Li





REGISTERED OFFICE: Flat 4 Phoenix Houose
Greenhill Way
Harrow
London
HA1 1LE





REGISTERED NUMBER: 07662566 (England and Wales)





ACCOUNTANTS: Wilson & Co
Chartered Certified Accountants
3rd Floor
9 St. Clare Street
London
EC3N 1LQ

Jubilee International Education Group
Limited (Registered number: 07662566)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 21,164 21,164
Cash at bank 1,390 139
22,554 21,303
CREDITORS
Amounts falling due within one year 5 34,755 31,829
NET CURRENT LIABILITIES (12,201 ) (10,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,201

)

(10,526

)

CREDITORS
Amounts falling due after more than one year 6 1,177,594 1,177,894
NET LIABILITIES (1,189,795 ) (1,188,420 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (1,199,795 ) (1,198,420 )
(1,189,795 ) (1,188,420 )

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 director acknowledges her 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.

Jubilee International Education Group
Limited (Registered number: 07662566)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





Ms J Li - Director


Jubilee International Education Group
Limited (Registered number: 07662566)

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

1. STATUTORY INFORMATION

Jubilee International Education Group 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
The company incurred losses during the year and had net liabilities of £1,065,814 at 31 December 2018. The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

The validity of this assumption is based on the continuing financial support from the parent company and the parent company has expressed their willingness to continue supporting the company for the foreseeable future and hence the directors consider it appropriate for the financial statements to be prepared on a going concern basis. The financial statements do not include any adjustments that would result if such support was withdrawn.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Jubilee International Education Group
Limited (Registered number: 07662566)

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

2. ACCOUNTING POLICIES - continued

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

Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition on financial assets and liabilities like trade and other debtors, loans from bank and other third parties, loans to related parties and investments in non puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured at the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 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.

3. EMPLOYEES AND DIRECTORS

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

Jubilee International Education Group
Limited (Registered number: 07662566)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,074
DEPRECIATION
At 1 January 2023
and 31 December 2023 2,074
NET BOOK VALUE
At 31 December 2023 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors (1 ) (1 )
Other creditors 34,756 31,830
34,755 31,829

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 1,177,594 1,177,894

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Ms J Li
Balance outstanding at start of year (10,243 ) (5,343 )
Amounts advanced (2,926 ) (4,900 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,169 ) (10,243 )

Jubilee International Education Group
Limited (Registered number: 07662566)

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

8. 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.