AAP EDUCATION GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
AAP Education Group Limited is a private company, limited by shares, incorporated and domiciled in the Uniked Kingdon. The registered office is Eversheds Sutherland (International) LLP, One Wood Street, London, United Kingdom, EC2V 7WS. The nature of the company's principal activities are to be the group holding company for AAP Education.
On 31 May 2023, AAP Education Group Limited acquired 100% of the share capital of AAP Education Limited. AAP Education Limited is therefore a subsidiary undertaking. Having considered the group position after consolidation, including the adjustments which would be required to align the subsidiary’s accounts (which have been prepared under International Financial Reporting Standards) to Financial Reporting Standard 102 (used in the preparation of these accounts), the Directors have concluded that the group is a small group as defined by section 383 of the Companies Act 2006. On this basis, consolidated accounts are not required to be prepared and therefore AAP Education Group Limited as prepared standalone accounts.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The Company has no employees other than the directors, who did not receive any remuneration.
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