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REGISTERED NUMBER: 03691651 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

The Staff College

The Staff College (Registered number: 03691651)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Staff College

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs L Butler
Mrs A Gupta
Mrs D Hashmi
P C O'Hara
Mrs J Parfrement
Ms H E Brackenbury
Ms K E Golding
M Jarrett
Ms J Kelly
Ms P S Turner


SECRETARY: D S Tilbrook


REGISTERED OFFICE: Dalton Place
29 John Dalton Street
Manchester
Greater Manchester
M2 6FW


REGISTERED NUMBER: 03691651 (England and Wales)


AUDITORS: Haines Watts, Statutory Auditor
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS


SOLICITORS: Knights
58 Nicholas Street
Chester
CH1 2NP

The Staff College (Registered number: 03691651)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1 1
1 1

CURRENT ASSETS
Debtors 6 223,279 178,602
Cash at bank and in hand 791,006 780,279
1,014,285 958,881
CREDITORS
Amounts falling due within one year 7 60,562 17,015
NET CURRENT ASSETS 953,723 941,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

953,724

941,867

RESERVES
Income and expenditure account 8 953,724 941,867
953,724 941,867

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 9 September 2024 and were signed on its behalf by:





Mrs J Parfrement - Director


The Staff College (Registered number: 03691651)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Staff College is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.Turnover consist of subscription income which is recognised on an accruals basis with subscriptions invoiced in advance for future accounting periods being carried forward as deferred income.

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

Taxation
Taxation for the year comprises current 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 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 balance sheet date.

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.

Turnover
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 20 ) .

The Staff College (Registered number: 03691651)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 3,283
DEPRECIATION
At 1 April 2023
and 31 March 2024 3,283
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

VSC Plus Limited
Registered office: England
Nature of business: Event management
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 445,198 715,216
Loss for the year (270,018 ) (147,198 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 43,910 45,950
Amounts owed by group undertakings 177,104 130,257
Prepayments and accrued income 2,265 2,395
223,279 178,602

The Staff College (Registered number: 03691651)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 288 196
Tax 1,972 642
Social security and other taxes 15,099 13,663
Accruals and deferred income 43,203 2,514
60,562 17,015

8. RESERVES
Income
and
expenditure
account
£   

At 1 April 2023 941,867
Surplus for the year 11,857
At 31 March 2024 953,724

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

The Report of the Auditors was unqualified.

Mike Forshaw FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts, Statutory Auditor

10. RELATED PARTY DISCLOSURES

As at 31 March 2024 the company was owed £177,104 (2023 - £130,257) by VSC Plus Limited, its wholly owned subsidiary undertaking. The balance relates to an intercompany loan account which is interest free and repayable on demand. The transactions during the year were at arms length.

11. LIMITED BY GUARANTEE

The company is a private company limited by guarantee and not having a share capital. The liability of every member of the company shall not exceed £1.