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Registered number: 12162241
Partner Learning Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12162241
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,246 (451 )
1,246 (451 )
CURRENT ASSETS
Debtors 5 24,195 14,596
Cash at bank and in hand 13,378 22,484
37,573 37,080
Creditors: Amounts Falling Due Within One Year 6 (26,269 ) (32,788 )
NET CURRENT ASSETS (LIABILITIES) 11,304 4,292
TOTAL ASSETS LESS CURRENT LIABILITIES 12,550 3,841
NET ASSETS 12,550 3,841
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 12,549 3,840
SHAREHOLDERS' FUNDS 12,550 3,841
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Lynnette Dando
Director
16/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Partner Learning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12162241 . The registered office is 101 Clock House Road, Beckenham, England, BR3 4JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33.00% Staright Line Method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 1,401
Additions 1,860
As at 31 August 2024 3,261
Depreciation
As at 1 September 2023 1,852
Provided during the period 163
As at 31 August 2024 2,015
Net Book Value
As at 31 August 2024 1,246
As at 1 September 2023 (451 )
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,100 1,500
Other debtors 13,095 13,095
Called up share capital not paid - 1
24,195 14,596
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,150 8,345
Corporation tax 11,307 14,430
Other creditors 9,300 -
Other creditors (1) - 9,300
Director's loan account 512 713
26,269 32,788
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Ms Lynnette Dando by virtue of his ownership of 100% of the issued share capital in the company.
Page 4