REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
17 OCTOBER 2022 TO 30 JUNE 2023 |
FOR |
GROW SCHOOLS UK, LTD |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Senior statutory auditor: |
Auditors: |
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 |
CREDITORS |
Amounts falling due within one year | 4 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 |
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 |
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 |
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 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
$ |
Amounts owed to group undertakings |
Other creditors |
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: | $ |
Ordinary | $1 | 1 |
1 Ordinary share of $1 was allotted and fully paid for |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |