24 June 2023 false No description of principal activity Taxfiler 2024.7.2 14958710business:PrivateLimitedCompanyLtd2023-06-242024-08-31 149587102023-06-23 149587102023-06-242024-08-31 14958710business:AuditExemptWithAccountantsReport2023-06-242024-08-31 14958710business:FilletedAccounts2023-06-242024-08-31 149587102024-08-31 14958710business:Director12023-06-242024-08-31 14958710business:RegisteredOffice2023-06-242024-08-31 14958710core:WithinOneYear2024-08-31 14958710core:AfterOneYear2024-08-31 14958710core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 14958710core:PreviouslyStatedAmount2024-08-31 14958710business:SmallEntities2023-06-242024-08-31 14958710countries:EnglandWales2023-06-242024-08-31 14958710core:AdditionsToInvestments2024-08-31 14958710business:Director112023-06-242024-08-31 14958710business:Director112023-06-23 14958710business:Director112024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 14958710 (England and Wales)
The Digital College Holdings Limited Unaudited accounts for the period from 24 June 2023 to 31 August 2024
The Digital College Holdings Limited Unaudited accounts Contents
Page
- 2 -
The Digital College Holdings Limited Company Information for the period from 24 June 2023 to 31 August 2024
Director
Matthew Kingswood
Company Number
14958710 (England and Wales)
Registered Office
39 Omnibus 39-41 North Road London N7 9DP United Kingdom
- 3 -
The Digital College Holdings Limited Statement of financial position as at 31 August 2024
2024 
Notes
£ 
Fixed assets
Investments
1,124,463 
Current assets
Debtors
1,342 
Cash at bank and in hand
100 
1,442 
Creditors: amounts falling due within one year
(11,500)
Net current liabilities
(10,058)
Total assets less current liabilities
1,114,405 
Creditors: amounts falling due after more than one year
(1,113,063)
Net assets
1,342 
Capital and reserves
Called up share capital
1,342 
Shareholders' funds
1,342 
For the period 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2025 and were signed on its behalf by
Matthew Kingswood Director Company Registration No. 14958710
- 4 -
The Digital College Holdings Limited Notes to the Accounts for the period from 24 June 2023 to 31 August 2024
1
Statutory information
The Digital College Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 14958710. The registered office is 39 Omnibus , 39-41 North Road, London, N7 9DP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Other investments 
£ 
Valuation at 24 June 2023
- 
Additions
1,124,463 
Valuation at 31 August 2024
1,124,463 
The Digital College Holdings Ltd holds 100% of the issued share capital of The Digital College Ltd (registered in the UK) at a cost of £1,124,463 as at both the beginning and end of the financial period. Both companies share the registered address: 39 Omnibus, 39-41 North Road, London, N7 9DP. The investment in the subsidiary company comprises £788,864 paid to two shareholders and £300,000 paid to Mr. David Stephenson as well as £19,063 in stamp duty and an amount in respect of a share premium account in the sum of £16,536 where shares were allotted in the previous year.
5
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
1,342 
6
Creditors: amounts falling due within one year
2024 
£ 
Other creditors
10,000 
Accruals
1,500 
11,500 
- 5 -
The Digital College Holdings Limited Notes to the Accounts for the period from 24 June 2023 to 31 August 2024
7
Creditors: amounts falling due after more than one year
2024 
£ 
Amounts owed to group undertakings and other participating interests
1,113,063 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Matthew Kingswood
Directors loan
- 
1,181 
- 
1,181 
- 
1,181 
- 
1,181 
9
Transactions with related parties
The Digital College Holdings Ltd charged management fees of £7,380 to The Digital College Ltd, for the period ended 31 August 2024. At year end, the inter-company account balance with The Digital College Ltd stood at £1,113,063, that arose from the loans that facilitated the acquisition as well as shareholder loan interest payments and dividends. This balance of the intercompany loan as at 31 August 2024 is unsecured, interest-free and repayable on demand. The composition of the investment in the subsidiary undertaking is shown in note number 4 to the accounts.
10
Average number of employees
During the period the average number of employees was 0.
- 6 -