IRIS Accounts Production v24.3.0.553 11940093 director 1.9.22 31.8.23 31.8.23 31.10.24 0 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119400932022-08-31119400932023-08-31119400932022-09-012023-08-31119400932021-08-31119400932021-09-012022-08-31119400932022-08-3111940093ns15:EnglandWales2022-09-012023-08-3111940093ns14:PoundSterling2022-09-012023-08-3111940093ns10:Director12022-09-012023-08-3111940093ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3111940093ns10:SmallEntities2022-09-012023-08-3111940093ns10:Audited2022-09-012023-08-3111940093ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3111940093ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3111940093ns10:FullAccounts2022-09-012023-08-3111940093ns10:RegisteredOffice2022-09-012023-08-3111940093ns5:CurrentFinancialInstruments2023-08-3111940093ns5:CurrentFinancialInstruments2022-08-3111940093ns5:Non-currentFinancialInstruments2023-08-3111940093ns5:Non-currentFinancialInstruments2022-08-3111940093ns5:ShareCapital2023-08-3111940093ns5:ShareCapital2022-08-3111940093ns5:RetainedEarningsAccumulatedLosses2023-08-3111940093ns5:RetainedEarningsAccumulatedLosses2022-08-3111940093ns5:PlantMachinery2022-08-3111940093ns5:PlantMachinery2022-09-012023-08-3111940093ns5:PlantMachinery2023-08-3111940093ns5:PlantMachinery2022-08-3111940093ns5:CostValuation2022-08-3111940093ns5:AdditionsToInvestments2023-08-3111940093ns5:CostValuation2023-08-3111940093ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3111940093ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 11940093 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

INSPIRED LEARNING GROUP (LONDON) LIMITED

INSPIRED LEARNING GROUP (LONDON) LIMITED (REGISTERED NUMBER: 11940093)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


INSPIRED LEARNING GROUP (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: A Mehta





REGISTERED OFFICE: Georgian House
Park Lane
Stanmore
HA7 3HD





REGISTERED NUMBER: 11940093 (England and Wales)





AUDITORS: DSK Partners LLP
Chartered Accountants and Statutory Auditors
D S House
306 High Street
Croydon
Surrey
CR0 1NG

INSPIRED LEARNING GROUP (LONDON) LIMITED (REGISTERED NUMBER: 11940093)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,648 180
Investments 5 3,657,390 3,654,990
3,659,038 3,655,170

CURRENT ASSETS
Debtors 6 1,690,736 1,681,398
Cash at bank and in hand 156,091 148,629
1,846,827 1,830,027
CREDITORS
Amounts falling due within one year 7 388,050 66,305
NET CURRENT ASSETS 1,458,777 1,763,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,117,815

5,418,892

CREDITORS
Amounts falling due after more than one
year

8

5,055,913

5,363,118
NET ASSETS 61,902 55,774

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 61,892 55,764
SHAREHOLDERS' FUNDS 61,902 55,774

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 31 October 2024 and were signed by:





A Mehta - Director


INSPIRED LEARNING GROUP (LONDON) LIMITED (REGISTERED NUMBER: 11940093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Inspired Learning Group (London) 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 Pound Sterling (£) rounded to the nearest Pound.

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.

Related party exemption
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer equipment - Straight line over 4 to 5 years

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


INSPIRED LEARNING GROUP (LONDON) LIMITED (REGISTERED NUMBER: 11940093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued
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.

Going concern
As part of the directors' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquires, the directors have a reasonable expectation that the company has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 188
Additions 1,537
At 31 August 2023 1,725
DEPRECIATION
At 1 September 2022 8
Charge for year 69
At 31 August 2023 77
NET BOOK VALUE
At 31 August 2023 1,648
At 31 August 2022 180

INSPIRED LEARNING GROUP (LONDON) LIMITED (REGISTERED NUMBER: 11940093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022 3,654,990
Additions 2,400
At 31 August 2023 3,657,390
NET BOOK VALUE
At 31 August 2023 3,657,390
At 31 August 2022 3,654,990

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,250 16,650
Amounts owed by group undertakings 320,238 173,702
Amounts owed by associates 1,298,832 1,425,139
Other debtors 60,416 65,907
1,690,736 1,681,398

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 315,519 28,810
Trade creditors 53,940 9,024
Other creditors 18,591 28,471
388,050 66,305

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 5,055,913 5,363,118

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

The Report of the Auditors was unqualified.

Dhirajlal Shah FCA (Senior Statutory Auditor)
for and on behalf of DSK Partners LLP

INSPIRED LEARNING GROUP (LONDON) LIMITED (REGISTERED NUMBER: 11940093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


10. RELATED PARTY TRANSACTIONS

Park Hill School Limited, First Steps (London) Limited, Trade Tower Limited, The Study School Limited, Inspired Learning Group (UK) Limited, Essendene Lodge School Limited, Westbury House School Limited, Grange Park Preparatory School Limited, Oakseal Ltd., Buxlow Preparatory School Limited, St Christopher's School (Private) Limited, Saint Felix School Limited, Rookwood School Limited, Inspired Learning Group (London) (1) Limited, Danesfield Manor School Limited, St Francis College Limited, Inspired Learning Group (London) (2) Limited, and Yateley Manor School London Limited, Wood Wharf Kindergarten Limited are considered related parties by virtue of Mr A Mehta's interest in these entities. The amounts owed to the company by these related parties amount to £1,298,832 (2022: £1,425,139). No interest is charged on the balances.

11. CHARGES

There exists cross guarantees amongst various group companies in favour of its bankers.