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REGISTERED NUMBER: 10278964 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

North East Academy Limited

North East Academy Limited (Registered number: 10278964)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


North East Academy Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Ms L Devanny





REGISTERED OFFICE: Unit 2 Rede House
Corporation Road
Middlesbrough
Cleveland
TS1 1LY





REGISTERED NUMBER: 10278964 (England and Wales)





ACCOUNTANTS: Chrichard & Co
23 Woodland Road
Darlington
Co. Durham
DL3 7BJ

North East Academy Limited (Registered number: 10278964)

Abridged Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,944 215,259

CURRENT ASSETS
Cash at bank 789 78

CREDITORS
Amounts falling due within one year 245,133 231,289
NET CURRENT LIABILITIES (244,344 ) (231,211 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,400

)

(15,952

)

PROVISIONS FOR LIABILITIES 23,736 23,736
NET LIABILITIES (54,136 ) (39,688 )

CAPITAL AND RESERVES
Called up share capital 6 10 10
Fair value reserve 7 124,926 124,926
Retained earnings (179,072 ) (164,624 )
SHAREHOLDERS' FUNDS (54,136 ) (39,688 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

North East Academy Limited (Registered number: 10278964)

Abridged Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





Ms L Devanny - Director


North East Academy Limited (Registered number: 10278964)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

North East Academy Limited 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 as modified by the revaluation of certain assets.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

North East Academy Limited (Registered number: 10278964)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 249,390
DEPRECIATION
At 1 July 2023 34,131
Charge for year 1,315
At 30 June 2024 35,446
NET BOOK VALUE
At 30 June 2024 213,944
At 30 June 2023 215,259

Cost or valuation at 30 June 2024 is represented by:

Totals
£   
Valuation in 2024 249,390

5. SECURED DEBTS

Barclays Bank PLC and Together Commercial Finance Limited hold a charge over the freehold property.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1.00 10 10

7. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 124,926