IRIS Accounts Production v24.2.0.383 14423156 Board of Directors 17.10.22 30.6.23 30.6.23 11/10/2024 false true false false true false Auditors Opinion Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144231562022-10-16144231562023-06-30144231562022-10-172023-06-30144231562022-10-1614423156ns15:EnglandWales2022-10-172023-06-3014423156ns14:USDollar2022-10-172023-06-3014423156ns10:Director12022-10-172023-06-3014423156ns10:PrivateLimitedCompanyLtd2022-10-172023-06-3014423156ns10:SmallEntities2022-10-172023-06-3014423156ns10:Audited2022-10-172023-06-3014423156ns10:SmallCompaniesRegimeForDirectorsReport2022-10-172023-06-3014423156ns10:SmallCompaniesRegimeForAccounts2022-10-172023-06-3014423156ns10:FullAccounts2022-10-172023-06-3014423156ns10:OrdinaryShareClass12022-10-172023-06-3014423156ns10:OrdinaryShareClass112022-10-172023-06-3014423156ns10:Director22022-10-172023-06-3014423156ns10:Director32022-10-172023-06-3014423156ns10:Director52022-10-172023-06-3014423156ns10:CompanySecretary12022-10-172023-06-3014423156ns10:RegisteredOffice2022-10-172023-06-3014423156ns5:CurrentFinancialInstruments2023-06-3014423156ns5:ShareCapital2023-06-3014423156ns5:RetainedEarningsAccumulatedLosses2023-06-3014423156ns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 14423156 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD

17 OCTOBER 2022 TO 30 JUNE 2023

FOR

GROW SCHOOLS UK, LTD

GROW SCHOOLS UK, LTD (REGISTERED NUMBER: 14423156)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 OCTOBER 2022 TO 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GROW SCHOOLS UK, LTD

COMPANY INFORMATION
FOR THE PERIOD 17 OCTOBER 2022 TO 30 JUNE 2023







Directors: Mr B Coburn
Mr S Ellis
Ms D Fisher
Mr M Barber



Secretary: Vistra Cosec Limited



Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0DB



Registered number: 14423156 (England and Wales)



Senior statutory auditor: Roy Davis



Auditors: WD Audit Limited (Statutory Auditor)
5th Floor
111 Charterhouse Street
London
EC1M 6AW

GROW SCHOOLS UK, LTD (REGISTERED NUMBER: 14423156)

BALANCE SHEET
30 JUNE 2023

Notes $   
CURRENT ASSETS
Cash in hand 1

CREDITORS
Amounts falling due within one year 4 (635,988 )
NET CURRENT LIABILITIES (635,987 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(635,987

)

CAPITAL AND RESERVES
Called up share capital 5 1
Retained earnings (635,988 )
SHAREHOLDERS' FUNDS (635,987 )

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 8 October 2024 and were signed on its behalf by:





Mr B Coburn - Director


GROW SCHOOLS UK, LTD (REGISTERED NUMBER: 14423156)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 OCTOBER 2022 TO 30 JUNE 2023

1. STATUTORY INFORMATION

Grow Schools UK, Ltd 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.

The company's functional and presentational currency is US dollar (USD) and the financial statements have been rounded to the nearest US dollar ($).

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements for the year ended 30 June 2023 show net liabilities of $635,987 and a loss for the year of $635,988. At the time of approving the financial statements, the director has a reasonable expectation that adequate resources will be made available by group companies to allow Grow School UK Limited to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
$   
Amounts owed to group undertakings 618,603
Other creditors 17,385
635,988

GROW SCHOOLS UK, LTD (REGISTERED NUMBER: 14423156)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 OCTOBER 2022 TO 30 JUNE 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: $   
1 Ordinary $1 1

1 Ordinary share of $1 was allotted and fully paid for cash at par during the period.

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roy Davis (Senior Statutory Auditor)
for and on behalf of WD Audit Limited (Statutory Auditor)

7. RELATED PARTY DISCLOSURES

The total transaction with Charter School Capital Inc was $618,603. At the financial year end the company owned $618,603 to Charter School Capital Inc.

8. ULTIMATE CONTROLLING PARTY

The immediate parent company is Charter School Capital Inc., a company incorporated in USA. The director is of the opinion that the parent company is the ultimate controlling party.