REACH CAMBRIDGE LTD

Company Registration Number:
05155407 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

REACH CAMBRIDGE LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

REACH CAMBRIDGE LTD

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 3,324 785,239
Total fixed assets: 3,324 785,239
Current assets
Debtors:   1,497,955 180,330
Cash at bank and in hand: 844,762 902,368
Total current assets: 2,342,717 1,082,698
Creditors: amounts falling due within one year:   (1,076,580) (498,097)
Net current assets (liabilities): 1,266,137 584,601
Total assets less current liabilities: 1,269,461 1,369,840
Creditors: amounts falling due after more than one year:     (574,249)
Total net assets (liabilities): 1,269,461 795,591
Capital and reserves
Called up share capital: 30,000 30,000
Profit and loss account: 1,239,461 765,591
Shareholders funds: 1,269,461 795,591

The notes form part of these financial statements

REACH CAMBRIDGE LTD

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 March 2025
and signed on behalf of the board by:

Name: J R McGoh
Status: Director

The notes form part of these financial statements

REACH CAMBRIDGE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents amounts invoiced in respect of the provision of international summer school programmes for overseas students during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land and buildings - 2% on cost Plant and machinery etc - 50% on cost and 33% on cost

Other accounting policies

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. 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. Going concern The director has considered the financial position of the company and believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continues to adopt the going concern basis in preparing the financial statements.

REACH CAMBRIDGE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 12 13

REACH CAMBRIDGE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 966,288
Additions 1,356
Disposals (949,477)
At 31 October 2024 18,167
Depreciation
At 01 November 2023 181,049
Charge for year 14,937
On disposals (181,143)
At 31 October 2024 14,843
Net book value
At 31 October 2024 3,324
At 31 October 2023 785,239

REACH CAMBRIDGE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Related party transactions

The company is controlled by Mr J McGoh. At the year end £323,115 was owed to Reach Cambridge Ltd by Estrella Holdings Ltd, a company controlled by Mr J McGoh.