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REGISTERED NUMBER: 02502450 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

EDUCATIONAL FACILITIES MANAGEMENT
PARTNERSHIP LIMITED

EDUCATIONAL FACILITIES MANAGEMENT
PARTNERSHIP LIMITED (REGISTERED NUMBER: 02502450)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


EDUCATIONAL FACILITIES MANAGEMENT
PARTNERSHIP LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: S B Clyne
M B Matza





SECRETARY: M B Matza





REGISTERED OFFICE: c/o Thorne Lancaster Parker
5th Floor, Palladium House
1-4 Argyll Street
London
W1F 7TA





REGISTERED NUMBER: 02502450 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

EDUCATIONAL FACILITIES MANAGEMENT
PARTNERSHIP LIMITED (REGISTERED NUMBER: 02502450)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,703 7,632

CURRENT ASSETS
Debtors 5 294,780 256,850
Cash at bank 238,043 252,784
532,823 509,634
CREDITORS
Amounts falling due within one year 6 (322,632 ) (322,796 )
NET CURRENT ASSETS 210,191 186,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,894

194,470

CAPITAL AND RESERVES
Called up share capital 7 105 105
Retained earnings 8 217,789 194,365
SHAREHOLDERS' FUNDS 217,894 194,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:




M B Matza - Director


EDUCATIONAL FACILITIES MANAGEMENT
PARTNERSHIP LIMITED (REGISTERED NUMBER: 02502450)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Educational Facilities Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the invoice value of fees rendered excluding value added tax. All turnover is attributable to UK customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Office & computer equipment - 25% on cost

Financial instruments
Basic financial assets

Trade and other debtors, amounts owed by related undertakings, cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Trade and other creditors, directors' current accounts and accruals are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.


EDUCATIONAL FACILITIES MANAGEMENT
PARTNERSHIP LIMITED (REGISTERED NUMBER: 02502450)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Office &
and computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 23,469 152,114 175,583
Additions - 3,173 3,173
At 31 March 2024 23,469 155,287 178,756
DEPRECIATION
At 1 April 2023 23,242 144,709 167,951
Charge for year - 3,102 3,102
At 31 March 2024 23,242 147,811 171,053
NET BOOK VALUE
At 31 March 2024 227 7,476 7,703
At 31 March 2023 227 7,405 7,632

EDUCATIONAL FACILITIES MANAGEMENT
PARTNERSHIP LIMITED (REGISTERED NUMBER: 02502450)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 290,855 253,133
Other debtors 3,925 3,717
294,780 256,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,151 1,142
Amounts owed to related undertakings 14,945 74,945
Corporation tax 5,465 15,382
Social security and other taxes 63,369 51,328
Other creditors 1,383 1,366
Accruals and deferred income 236,319 178,633
322,632 322,796

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
105 Ordinary 1 105 105

8. RESERVES
Retained
earnings
£   

At 1 April 2023 194,365
Profit for the year 23,424
At 31 March 2024 217,789

9. RELATED PARTY DISCLOSURES

Admin Services (City) Ltd

During the year, Admin Services (City) Ltd; a company under common control, charged the company £78,435 (2023: £68,000) for services. At the balance sheet date included in trade creditors is an amount owed to Admin Services (City) Ltd of £14,945 (2023: £74,945). The amount is interest free and has no fixed date for repayment.

M B Matza

M B Matza is a shareholder and director of the company. During the year, M B Matza charged the company £40,000 (2023: £5,000) as consultancy fees. At the balance sheet date the amount owed by M B Matza was £260 (2023: £30 owed to M B Matza).