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Registered Number: 07537434
England and Wales

 

 

 

ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Report to the directors on the preparation of the unaudited statutory accounts of ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED, as a body, in accordance with the terms of our engagement letter dated 14 March 2025 Our work has been undertaken solely to prepare for your approval the accounts of ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED and state those matters that we have agreed to state to the Board of Directors of ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED. You consider that ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 July 2024



....................................................

SAW Accounting & Tax Advisory Limited

Suite SS, Avon House 435 Stratford Road
Shirley, Solihull
B90 4AA
14 March 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Investments 3 16,565    16,565 
16,565    16,565 
Current assets      
Debtors 23,356,003    (122,520)
Cash at bank and in hand   88,382 
23,356,003    (34,138)
Creditors: amount falling due within one year (1,071)   (271)
Net current assets 23,354,932    (34,409)
 
Total assets less current liabilities 23,371,497    (17,844)
Net assets 23,371,497    (17,844)
 

Capital and reserves
     
Called up share capital 1,001    1,000 
Share premium account 23,940,253   
Other Comprehensive Income 12,831   
Profit and loss account (582,588)   (18,844)
Shareholders' funds 23,371,497    (17,844)
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 14 March 2025 and were signed on its behalf by:


-------------------------------
Niall Patrick BRENNAN
Director
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General Information
ACS INTERNATIONAL SCHOOLS OVERSEAS HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07537434, registration address 127 Ivor Court Gloucester Place, London, England, NW1 6BT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 August 2023 16,565    16,565 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 July 2024 16,565    16,565 

4.

Other Comprehensive Income

2024
£
  2023
£
Unrealized Gains or losses 12,831   
12,831   

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
ACS International Schools Limited100,000 

The immediate and ultimate parent company is ACS International Schools Limited, registered office: Heywood, Portsmouth Road, Cobham, KT11 1BL, a charity and a company registered in England and Wales. The ultimate controlling is the member of ACS International Schools Limited.
3