Immerse Summer Schools Limited 12698084 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the provision of educational services. Digita Accounts Production Advanced 6.30.9574.0 true 12698084 2023-10-01 2024-09-30 12698084 2024-09-30 12698084 bus:OrdinaryShareClass3 2024-09-30 12698084 bus:OrdinaryShareClass4 2024-09-30 12698084 core:RetainedEarningsAccumulatedLosses 2024-09-30 12698084 core:ShareCapital 2024-09-30 12698084 core:CurrentFinancialInstruments 2024-09-30 12698084 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12698084 core:OtherResidualIntangibleAssets 2024-09-30 12698084 core:AllAssociates 2024-09-30 12698084 bus:SmallEntities 2023-10-01 2024-09-30 12698084 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12698084 bus:FilletedAccounts 2023-10-01 2024-09-30 12698084 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12698084 bus:RegisteredOffice 2023-10-01 2024-09-30 12698084 bus:Director1 2023-10-01 2024-09-30 12698084 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 12698084 bus:OrdinaryShareClass4 2023-10-01 2024-09-30 12698084 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12698084 core:ComputerSoftware 2023-10-01 2024-09-30 12698084 core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 12698084 core:AllAssociates 2023-10-01 2024-09-30 12698084 countries:EnglandWales 2023-10-01 2024-09-30 12698084 2023-09-30 12698084 core:OtherResidualIntangibleAssets 2023-09-30 12698084 core:AllAssociates 2023-09-30 12698084 2022-10-01 2023-09-30 12698084 2023-09-30 12698084 bus:OrdinaryShareClass3 2023-09-30 12698084 bus:OrdinaryShareClass4 2023-09-30 12698084 core:RetainedEarningsAccumulatedLosses 2023-09-30 12698084 core:ShareCapital 2023-09-30 12698084 core:CurrentFinancialInstruments 2023-09-30 12698084 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12698084 core:OtherResidualIntangibleAssets 2023-09-30 12698084 core:AllAssociates 2023-09-30 12698084 core:AllAssociates 2022-10-01 2023-09-30 12698084 2022-09-30 12698084 core:AllAssociates 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12698084

Immerse Summer Schools Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Immerse Summer Schools Limited

Company Information

Director

SL Stevens

Registered office

16 Copse Wood Way
Northwood
Middlesex
HA6 2UE

Accountants

Churchills
16 Copse Wood Way
Northwood
Middlesex
HA6 2UE

 

Immerse Summer Schools Limited

(Registration number: 12698084)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

64,042

94,018

Current assets

 

Debtors

5

1,264,459

1,101,605

Cash at bank and in hand

 

1,515,605

1,844,948

 

2,780,064

2,946,553

Creditors: Amounts falling due within one year

6

(1,293,656)

(1,815,373)

Net current assets

 

1,486,408

1,131,180

Net assets

 

1,550,450

1,225,198

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

1,550,350

1,225,098

Shareholders' funds

 

1,550,450

1,225,198

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 December 2024
 

.........................................
SL Stevens
Director

 

Immerse Summer Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Copse Wood Way
Northwood
Middlesex
HA6 2UE
England

These financial statements were authorised for issue by the director on 4 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Immerse Summer Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangible assets

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Immerse Summer Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 32 (2023 - 23).

 

Immerse Summer Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 October 2023

119,906

119,906

At 30 September 2024

119,906

119,906

Amortisation

At 1 October 2023

25,888

25,888

Amortisation charge

29,976

29,976

At 30 September 2024

55,864

55,864

Carrying amount

At 30 September 2024

64,042

64,042

At 30 September 2023

94,018

94,018

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

122,283

8,843

Amounts owed by related parties

9

1,083,498

1,090,752

Other debtors

 

58,678

2,010

   

1,264,459

1,101,605

 

Immerse Summer Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

627,045

689,367

Taxation and social security

206,508

395,382

Other creditors

460,103

730,624

1,293,656

1,815,373

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary C of £0.001 each

100

0.1

100

0.10

Ordinary of £0.001 each

100,000

100

100,000

100.00

100,100

100.10

100,100

100.10

8

Dividends

2024

2023

£

£

Interim dividend of £982.10 (2023 - £12,000.00) per ordinary share

98,210

1,200,000

 

 

9

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

35,260

9,000

 

Immerse Summer Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

9

Related party transactions (continued)

Summary of transactions with associates

Loans, dividends and transfers of common expenses.
 

Loans to related parties

2024

Associates
£

Total
£

At start of period

1,445,532

1,445,532

Repaid

(98,210)

(98,210)

At end of period

1,347,322

1,347,322

2023

Associates
£

Total
£

At start of period

1,149,637

1,149,637

Advanced

295,895

295,895

At end of period

1,445,532

1,445,532

Terms of loans to related parties

Interest-free and repayable on demand.
 

Loans from related parties

2024

Associates
£

Total
£

At start of period

(354,780)

(354,780)

Advanced

90,957

90,957

At end of period

(263,823)

(263,823)

2023

Associates
£

Total
£

At start of period

(241,986)

(241,986)

Repaid

(112,794)

(112,794)

At end of period

(354,780)

(354,780)

Terms of loans from related parties

Interest-free and repayable on demand.