IRIS Accounts Production v24.3.2.46 06848622 Board of Directors 1.7.23 30.6.24 30.6.24 14.3.25 0 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068486222023-06-30068486222024-06-30068486222023-07-012024-06-30068486222022-06-30068486222022-07-012023-06-30068486222023-06-3006848622ns15:EnglandWales2023-07-012024-06-3006848622ns14:USDollar2023-07-012024-06-3006848622ns10:Director12023-07-012024-06-3006848622ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006848622ns10:SmallEntities2023-07-012024-06-3006848622ns10:Audited2023-07-012024-06-3006848622ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006848622ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006848622ns10:AbridgedAccounts2023-07-012024-06-300684862212023-07-012024-06-3006848622ns10:Director32023-07-012024-06-3006848622ns10:Director42023-07-012024-06-3006848622ns10:Director52023-07-012024-06-3006848622ns10:CompanySecretary12023-07-012024-06-3006848622ns10:RegisteredOffice2023-07-012024-06-3006848622ns5:CurrentFinancialInstruments2024-06-3006848622ns5:CurrentFinancialInstruments2023-06-3006848622ns5:Non-currentFinancialInstruments2024-06-3006848622ns5:Non-currentFinancialInstruments2023-06-3006848622ns5:ShareCapital2024-06-3006848622ns5:ShareCapital2023-06-3006848622ns5:RetainedEarningsAccumulatedLosses2024-06-3006848622ns5:RetainedEarningsAccumulatedLosses2023-06-3006848622ns5:NetGoodwill2023-07-012024-06-3006848622ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3006848622ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-06-30
REGISTERED NUMBER: 06848622 (England and Wales)















CAMPUS MANAGEMENT CORP UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


CAMPUS MANAGEMENT CORP UK LTD

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTORS: Amicorp (UK) Directors Services Limited
G D Bernstein
B W Dahlgren
M P Pohorylo





SECRETARY: Amicorp (UK) Secretaries Limited





REGISTERED OFFICE: 3rd Floor
5 Lloyds Avenue
London
EC3N 3AE





REGISTERED NUMBER: 06848622 (England and Wales)





AUDITORS: Hilden Park Accountants Limited
Chartered Accountants
& Statutory Auditors
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

ABRIDGED BALANCE SHEET
30 June 2024

30/6/24 30/6/23
Notes $    $    $    $   
FIXED ASSETS
Intangible assets 4 58,521 52,079
Tangible assets 5 481 2,405
59,002 54,484

CURRENT ASSETS
Debtors 881,834 1,188,345
Cash at bank 623,766 505,848
1,505,600 1,694,193
CREDITORS
Amounts falling due within one year 1,184,346 1,489,256
NET CURRENT ASSETS 321,254 204,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,256

259,421

CREDITORS
Amounts falling due after more than one
year

1,854,042

2,661,172
NET LIABILITIES (1,473,786 ) (2,401,751 )

CAPITAL AND RESERVES
Called up share capital 32 32
Retained earnings (1,473,818 ) (2,401,783 )
(1,473,786 ) (2,401,751 )

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 Income Statement and an abridged Balance Sheet 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 Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





G D Bernstein - Director


CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Campus Management Corp UK 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.

The financial statements are prepared in United States dollars, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest $.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and the profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

Section 4 'Statement of Financial Position': Reconciliation of the opening and closing number of shares;

Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument issues': Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

Section 33 'Related Party Disclosures': Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Anthology Inc. These consolidated financial statements are available from its registered office 5201 Congress Ave, Boca Raton FL33487.

Going concern
At the time of approving the financial statements , the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. Thus the
directors continue to adopt the going concern basis of accounting in preparing the financial statements.

CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration
is the present value of the future receipts. The difference between the fair value of the consideration and
the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be
measured reliably, it is probable that the economic benefits associated with the transaction will flow to the
entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage
of completion when the stage of completion, costs incurred and costs to complete can be estimated
reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual
hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated
reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be
recovered.

Intangible fixed assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value
of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost
less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a straight line basis over its expected life, which is 5 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to
benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for
impairment at least annually, or more frequently when there is an indication that the unit may be impaired.
If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the
impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and
then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Intangible fixed assets other than goodwill
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Intangible assets comprise primarily customer relationships purchased through the acquisition of Hobsons PLC. Such assets are defined as having finite useful lives and the costs are amortised on a straight line basis over their useful lives of 5 years. Intangible assets are stated at cost less amortisation and are reviews for impairment whenever there is an indication that the carrying value may be impaired.

Amortisation is recognised so as to write off the cost of valuation of assets less their residual values over their useful lives on the following bases:

Customer Relationships Amortised on a straight line basis over a useful life of 5 years.

CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:

Computers - Straight line over 4 years.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If
any such indication exists, the recoverable amount of the asset is estimated in order to determine the
extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an
individual asset, the company estimates the recoverable amount of the cash-generating unit to which the
asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in
use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that
reflects current market assessments of the time value of money and the risks specific to the asset for
which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying
amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount.
An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a
revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have
ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or
cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the
increased carrying amount does not exceed the carrying amount that would have been determined had no
impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an
impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a
revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to
the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates
or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets
are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except
that investments in equity instruments that are not publicly traded and whose fair values cannot be
measured reliably are measured at cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss , are assessed for indicators of
impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been
affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the
present value of the estimated cash flows discounted at the asset’s original effective interest rate. The
impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment not previously been recognised.
The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire
or are settled, or when the company transfers the financial asset and substantially all the risks and rewards
of ownership to another entity, or if some significant risks and rewards of ownership are retained but
control of the asset has transferred to another party that is able to sell the asset in its entirety to an
unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and

CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payment is discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course
of business from suppliers. A mounts payable are classified as current liabilities if payment is due within
one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially
at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial
instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered
into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are
recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is
applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured
at fair value through profit or loss. Debt instruments may be designated as being measured at fair value
though profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and
their performance evaluated on a fair value basis in accordance with a documented risk management or
investment strategy.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged
or cancelled.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4. INTANGIBLE FIXED ASSETS
Totals
$   
COST
At 1 July 2023 1,690,529
Additions 58,552
Exchange differences (31 )
At 30 June 2024 1,749,050
AMORTISATION
At 1 July 2023 1,638,450
Amortisation for year 52,079
At 30 June 2024 1,690,529
NET BOOK VALUE

At 30 June 2024 58,521
At 30 June 2023 52,079

CAMPUS MANAGEMENT CORP UK LTD (REGISTERED NUMBER: 06848622)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Totals
$   
COST
At 1 July 2023 34,852
Exchange differences (243 )
At 30 June 2024 34,609
DEPRECIATION
At 1 July 2023 32,447
Charge for year 1,681
At 30 June 2024 34,128
NET BOOK VALUE
At 30 June 2024 481
At 30 June 2023 2,405

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

P K Matthews (Senior Statutory Auditor)
for and on behalf of Hilden Park Accountants Limited

7. ULTIMATE CONTROLLING PARTY

The Company's immediate parent company is Anthology Inc. a company registered in the United States whose address is 5201 Congress Ave, Boca Raton, FL 33487.