IRIS Accounts Productionv24.1.4.3308435258Board of Directors1.4.2331.3.2431.3.24falsetruefalsefalsetruefalse iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084352582023-03-31084352582024-03-31084352582023-04-012024-03-31084352582022-03-31084352582022-04-012023-03-31084352582023-03-3108435258ns15:EnglandWales2023-04-012024-03-3108435258ns14:PoundSterling2023-04-012024-03-3108435258ns10:Director12023-04-012024-03-3108435258ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108435258ns10:SmallEntities2023-04-012024-03-3108435258ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108435258ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108435258ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108435258ns10:FullAccounts2023-04-012024-03-3108435258ns10:Director22023-04-012024-03-3108435258ns10:Director32023-04-012024-03-3108435258ns10:Director42023-04-012024-03-3108435258ns10:RegisteredOffice2023-04-012024-03-3108435258ns5:CurrentFinancialInstruments2024-03-3108435258ns5:CurrentFinancialInstruments2023-03-3108435258ns5:Non-currentFinancialInstruments2024-03-3108435258ns5:Non-currentFinancialInstruments2023-03-3108435258ns5:ShareCapital2024-03-3108435258ns5:ShareCapital2023-03-3108435258ns5:SharePremium2024-03-3108435258ns5:SharePremium2023-03-3108435258ns5:RetainedEarningsAccumulatedLosses2024-03-3108435258ns5:RetainedEarningsAccumulatedLosses2023-03-3108435258ns5:PlantMachinery2023-03-3108435258ns5:PlantMachinery2023-04-012024-03-3108435258ns5:PlantMachinery2024-03-3108435258ns5:PlantMachinery2023-03-3108435258ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3108435258ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3108435258ns5:RetainedEarningsAccumulatedLosses2023-03-3108435258ns5:SharePremium2023-03-3108435258ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31

REGISTERED NUMBER: 08435258 (England and Wales)




Report of the Directors and

Financial Statements for the Year Ended 31 March 2024

for


SUMMIT SCHOOL OF LEADERSHIP & MANAGEMENT
(UK) Ltd


SUMMIT SCHOOL OF LEADERSHIP & MANAGEMENT

(UK) Ltd (Registered number: 08435258)







Contents of the Financial Statements

for the Year Ended 31 March 2024





Page



Company Information  

1



Report of the Directors  

2



Balance Sheet  

3



Notes to the Financial Statements  

5




SUMMIT SCHOOL OF LEADERSHIP & MANAGEMENT

(UK) Ltd


Company Information

for the Year Ended 31 March 2024









DIRECTORS:

Rev Olabiyi Ajala


Dr Crispin Allison


Mr Robin Martin Bradburn


Mr Gareth Joakim Davies







REGISTERED OFFICE:

HFCC


Bradwell Road


New Bradwell


Milton Keynes


Buckinghamshire


MK13 0EJ







REGISTERED NUMBER:

08435258 (England and Wales)







ACCOUNTANTS:

Argon & Krypton Consulting Ltd


(Chartered Certified Accountants & Tax Advisers)


Unit 6


Town Quay Wharf


Abbey Road


Barking


Essex


IG11 7BZ


SUMMIT SCHOOL OF LEADERSHIP & MANAGEMENT

(UK) Ltd (Registered number: 08435258)


Report of the Directors

for the Year Ended 31 March 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.


DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 April 2023 to the date of this report.


The beneficial interests of the directors holding office at 31 March 2024 in the shares of the company, according to the register of directors' interests, were as follows:



31.3.24


1.4.23

Ordinary shares of £1 each

Rev Olabiyi Ajala   

1


1



Dr Crispin Allison   

1


1



Mr Robin Martin Bradburn   

-


-



Mr Gareth Joakim Davies   

-


-




These directors did not hold any non-beneficial interests in the shares of the company.


This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.


ON BEHALF OF THE BOARD:






Rev Olabiyi Ajala - Director



24 December 2024


SUMMIT SCHOOL OF LEADERSHIP & MANAGEMENT

(UK) Ltd (Registered number: 08435258)


Balance Sheet

31 March 2024



31.3.24

31.3.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

165


326




CURRENT ASSETS

Prepayments and accrued income

136


-



Cash at bank

3,728


14,139



3,864


14,139



CREDITORS

Amounts falling due within one year

5

46,308


35,659



NET CURRENT LIABILITIES

(42,444

)

(21,520

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

(42,279

)

(21,194

)



CREDITORS

Amounts falling due after more than one

year

6

19,237


22,601



NET LIABILITIES

(61,516

)

(43,795

)



CAPITAL AND RESERVES

Called up share capital

3


3



Dr Crispin

7

50,000


50,000



Retained earnings

7

(111,519

)

(93,798

)


SHAREHOLDERS' FUNDS

(61,516

)

(43,795

)



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.


SUMMIT SCHOOL OF LEADERSHIP & MANAGEMENT

(UK) Ltd (Registered number: 08435258)


Balance Sheet - continued

31 March 2024



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 24 December 2024 and were signed on its behalf by:






Rev Olabiyi Ajala - Director



SUMMIT SCHOOL OF LEADERSHIP & MANAGEMENT

(UK) Ltd (Registered number: 08435258)


Notes to the Financial Statements

for the Year Ended 31 March 2024


1.

STATUTORY INFORMATION



SUMMIT SCHOOL OF LEADERSHIP & MANAGEMENT (UK) Ltd 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.


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


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



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 balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2023 - 1 ) .


SUMMIT SCHOOL OF LEADERSHIP & MANAGEMENT

(UK) Ltd (Registered number: 08435258)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 April 2023


and 31 March 2024

2,510




DEPRECIATION


At 1 April 2023

2,184




Charge for year

161




At 31 March 2024

2,345




NET BOOK VALUE


At 31 March 2024

165




At 31 March 2023

326




5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Trade creditors

2


170




PAYE due

(333

)

-




Pensions

(81

)

(81

)



Other creditors

6,911


1,063




HFWM Loan

34,448


34,448




Directors Loan

5,361


59



46,308


35,659




6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.3.24


31.3.23

£   

£   



Bounced Back Loan

19,237


22,601




7.

RESERVES


Retained


Dr



earnings


Crispin


Totals

£   

£   

£   




At 1 April 2023

(93,798

)

50,000


(43,798

)



Deficit for the year

(17,721

)

(17,721

)



At 31 March 2024

(111,519

)

50,000


(61,519

)