REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
ALP EDUCATION GROUP LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
ALP EDUCATION GROUP LIMITED |
ALP EDUCATION GROUP LIMITED (REGISTERED NUMBER: 12575398) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ALP EDUCATION GROUP LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Carriage Works |
Moresk Road |
Truro |
Cornwall |
TR1 1DG |
ALP EDUCATION GROUP LIMITED (REGISTERED NUMBER: 12575398) |
BALANCE SHEET |
31 JULY 2024 |
2024 | 2023 |
as restated |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
ALP EDUCATION GROUP LIMITED (REGISTERED NUMBER: 12575398) |
BALANCE SHEET - continued |
31 JULY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
ALP EDUCATION GROUP LIMITED (REGISTERED NUMBER: 12575398) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
1. | STATUTORY INFORMATION |
Alp Education Group Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Management charges |
Management charges are recognised as revenue over the period in which the management services are provided. This aligns with the principle that revenue should be recognised when it is earned and when the performance obligations are satisfied. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
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. |
Other operating income |
Rental income is recognized on a straight-line basis over the lease term. This means that income is recognized evenly over the period of the lease, regardless of the payment schedule. |
Income from fixed asset investments |
Dividend income is recognized when the right to receive payment is established. This typically occurs when the dividend is declared by the issuing entity. |
Dividend income is measured at the fair value of the consideration received or receivable. If dividends are received in the form of shares rather than cash, the income is measured at the fair value of the shares received. |
ALP EDUCATION GROUP LIMITED (REGISTERED NUMBER: 12575398) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The company has net current liabilities of £1,122,226 as at 31 July 2024. This indicates that the company's current liabilities exceed its current assets by £1,122,226. The directors have considered the company's financial position, including its ability to meet its short-term obligations, and have concluded that the going concern basis remains appropriate. This conclusion is based on the company's ability to generate positive cash flows from operations, access to financing, and other mitigating factors such as support from subsidiaries. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 August 2023 |
and 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for year |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
The directors have elected to not revalue the property at the balance sheet date. The figure shown in the balance sheet is shown as cost. |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 August 2023 |
and 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: England & Wales |
Nature of business: |
% |
Class of shares: | holding |
ALP EDUCATION GROUP LIMITED (REGISTERED NUMBER: 12575398) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
Registered office: England & Wales |
Nature of business: |
% |
Class of shares: | holding |
Registered office: England & Wales |
Nature of business: |
% |
Class of shares: | holding |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
ASD Learning Ltd |
ASD Learning Ltd is a subsidiary of ALP Education Group Limited. ALP Education Group Ltd holds 51% of the ordinary A shares in this company. At the year-end £1,458,794 (2023: £1,458,794) was owed to ASD Learning Ltd. Management charges of £Nil (2023: £89,000) were recharged during the year, and this is considered to be at arms length. |
ASD Learning Midlands Ltd |
ASD Learning (Midlands) Ltd is a subsidiary of ALP Education Group Limited. ALP Education Group Ltd holds 51% of the ordinary A shares in this company. At the year-end £516,253 (2023: £516,253) was owed to ASD Learning (Midlands) Ltd. Management charges of £Nil (2023: £10,000) were recharged during the year, and this is considered to be at arms length. |
ALP Schools Ltd |
ALP Schools Ltd is a subsidiary of ALP Education Group Limited, ALP Education Group Ltd holds 57.95% of the ordinary A shares in this company. During the year ALP Schools paid £158,595 (2023:£114,000) in rent to ALP Education Group Ltd and management charges of £Nil (2023: £11,500,). At the year-end ALP Schools Ltd owed £31,949 (2023: £32,000) to ALP Education Group Ltd. |