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REGISTERED NUMBER: 12115233 (England and Wales)











Renewed Learning Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






Renewed Learning Ltd (Registered number: 12115233)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Renewed Learning Ltd

Company Information
for the Year Ended 31 July 2024







Directors: E H Newall
B M J Yorston





Registered office: 12 Cresswell Place
London
SW10 9RD





Registered number: 12115233 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Renewed Learning Ltd (Registered number: 12115233)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
Fixed assets
Investments 4 55,079 45,358

Current assets
Debtors 5 1,074 1,433
Cash at bank 39,245 9,497
40,319 10,930
Creditors
Amounts falling due within one year 6 (32,399 ) (12,942 )
Net current assets/(liabilities) 7,920 (2,012 )
Total assets less current liabilities 62,999 43,346

Capital and reserves
Called up share capital 7 102 102
Retained earnings 62,897 43,244
Shareholders' funds 62,999 43,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Renewed Learning Ltd (Registered number: 12115233)

Balance Sheet - continued
31 July 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 6 February 2025 and were signed on its behalf by:





E H Newall - Director


Renewed Learning Ltd (Registered number: 12115233)

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

1. Statutory information

Renewed Learning 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.

Preparation of consolidated financial statements
The financial statements contain information about Renewed Learning Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

Renewed Learning Ltd (Registered number: 12115233)

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

4. Fixed asset investments

31.7.24 31.7.23
£    £   
Shares in group undertakings 1 1
Loans to group undertakings 55,078 45,357
55,079 45,358

Additional information is as follows:
Shares in
group
undertakings
£   
Cost
At 1 August 2023
and 31 July 2024 1
Net book value
At 31 July 2024 1
At 31 July 2023 1

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

Renewed Learning Asia Ltd
Registered office: Hong Kong
Nature of business: Teaching & learning support services
%
Class of shares: holding
Ordinary 100.00

No accounts were available at the date of this report.
Loans to
group
undertakings
£   
At 1 August 2023 45,357
New in year 22,235
Repayment in year (12,514 )
At 31 July 2024 55,078

Renewed Learning Ltd (Registered number: 12115233)

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

5. Debtors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade debtors 1,074 1,091
Directors' current accounts - 342
1,074 1,433

6. Creditors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade creditors 805 -
Corporation tax 10,998 9,071
VAT 17,822 1,728
Directors' current accounts 1,724 1,168
Accrued expenses 1,050 975
32,399 12,942

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary "B" £1 1 1
1 Ordinary "C" £1 1 1
102 102

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
E H Newall
Balance outstanding at start of year - 1,816
Amounts repaid - (1,816 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Renewed Learning Ltd (Registered number: 12115233)

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

8. Directors' advances, credits and guarantees - continued

B M J Yorston
Balance outstanding at start of year 342 -
Amounts advanced - 1,041
Amounts repaid (342 ) (699 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 342

The loan was interest free and fully repaid during the year.