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
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
The Digital College Holdings Limited
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
100
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)
Called up share capital
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
The Digital College Holdings Limited
Notes to the Accounts
for the period from 24 June 2023 to 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investments
Other investments
Valuation at 24 June 2023
-
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.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
-
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.