Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 October 2022 false 26 March 2025 1 May 2023 30 June 2024 30 June 2024 10367482 Mr Simon Emmett Mr George Olesen Mr Ashley Warmbrand IDP Connect Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10367482 2023-04-30 10367482 2024-06-30 10367482 2023-05-01 2024-06-30 10367482 frs-core:CurrentFinancialInstruments 2024-06-30 10367482 frs-core:ComputerEquipment 2024-06-30 10367482 frs-core:ComputerEquipment 2023-05-01 2024-06-30 10367482 frs-core:ComputerEquipment 2023-04-30 10367482 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-06-30 10367482 frs-core:FurnitureFittings 2024-06-30 10367482 frs-core:FurnitureFittings 2023-05-01 2024-06-30 10367482 frs-core:FurnitureFittings 2023-04-30 10367482 frs-core:OtherResidualIntangibleAssets 2024-06-30 10367482 frs-core:OtherResidualIntangibleAssets 2023-04-30 10367482 frs-core:SharePremium 2024-06-30 10367482 frs-core:ShareCapital 2024-06-30 10367482 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10367482 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-06-30 10367482 frs-bus:FilletedAccounts 2023-05-01 2024-06-30 10367482 frs-bus:SmallEntities 2023-05-01 2024-06-30 10367482 frs-bus:Audited 2023-05-01 2024-06-30 10367482 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-06-30 10367482 1 2023-05-01 2024-06-30 10367482 frs-core:UnlistedNon-exchangeTraded 2024-06-30 10367482 frs-core:UnlistedNon-exchangeTraded 2023-04-30 10367482 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 10367482 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 10367482 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 10367482 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 10367482 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 10367482 frs-bus:Director1 2023-05-01 2024-06-30 10367482 frs-bus:Director2 2023-05-01 2024-06-30 10367482 frs-bus:Director3 2023-05-01 2024-06-30 10367482 frs-countries:EnglandWales 2023-05-01 2024-06-30 10367482 2022-09-30 10367482 2023-04-30 10367482 2022-10-01 2023-04-30 10367482 frs-core:CurrentFinancialInstruments 2023-04-30 10367482 frs-core:SharePremium 2023-04-30 10367482 frs-core:ShareCapital 2023-04-30 10367482 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10367482
The Ambassador Platform Ltd
Financial Statements
For the Period 1 May 2023 to 30 June 2024
Toni Hunter Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 10367482
30 June 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,313 6,161
Investments 6 57 131
5,370 6,292
CURRENT ASSETS
Debtors 7 853,381 180,437
Cash at bank and in hand 138,604 202,130
991,985 382,567
Creditors: Amounts Falling Due Within One Year 8 (2,391,651 ) (712,647 )
NET CURRENT ASSETS (LIABILITIES) (1,399,666 ) (330,080 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,394,296 ) (323,788 )
NET LIABILITIES (1,394,296 ) (323,788 )
CAPITAL AND RESERVES
Called up share capital 9 1,685 1,685
Share premium account 2,436,822 2,264,053
Profit and Loss Account (3,832,803 ) (2,589,526 )
SHAREHOLDERS' FUNDS (1,394,296) (323,788)
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
Under S399(2A) of the Companies Act 2006, the company is exempt from preparing consolidated financial statements as it qualifies for the small companies regime
The financial statements were approved by the board of directors on 26 March 2025 and were signed on its behalf by:
Mr George Olesen
Director
26/03/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Ambassador Platform Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10367482 . The registered office is First Floor Bedford House, 6979 Fulham High Street, London, SW6 3JW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are online platform costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 9 (2023: 9)
9 9
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 130,100
As at 30 June 2024 130,100
Amortisation
As at 1 May 2023 130,100
As at 30 June 2024 130,100
Net Book Value
As at 30 June 2024 -
As at 1 May 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 72 17,194 17,266
Additions - 2,127 2,127
As at 30 June 2024 72 19,321 19,393
Depreciation
As at 1 May 2023 72 11,033 11,105
Provided during the period - 2,975 2,975
As at 30 June 2024 72 14,008 14,080
Net Book Value
As at 30 June 2024 - 5,313 5,313
As at 1 May 2023 - 6,161 6,161
6. Investments
Unlisted
£
Cost
As at 1 May 2023 131
Disposals (74 )
As at 30 June 2024 57
Provision
As at 1 May 2023 -
As at 30 June 2024 -
...CONTINUED
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Net Book Value
As at 30 June 2024 57
As at 1 May 2023 131
Investments represent 100% of the share capital in The Ambassador Platform PTY registered at Level 10, 670 Collins Street, Docklands, Vic, 3008, Australia.  The value represents the historic cost.
Investments in the previous year also represented 100% of the share capital in The Ambassador Platform Inc registered at 155 Federal Street, Suite 700, Boston, Massachusetts, 02110,USA.  
The shares held in The Ambassador Platform Inc have been disposed of this year.   
7. Debtors
30 June 2024 30 April 2023
£ £
Due within one year
Trade debtors 844,014 142,895
Amounts owed by group undertakings - 37,542
Other debtors 9,367 -
853,381 180,437
8. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 April 2023
£ £
Trade creditors 2,179 7,562
Bank loans and overdrafts 7 -
Amounts owed to group undertakings 29,771 -
Amounts owed to participating interests 1,097,529 -
Other creditors 1,213,501 687,948
Taxation and social security 48,664 17,137
2,391,651 712,647
9. Share Capital
30 June 2024 30 April 2023
£ £
Allotted, Called up and fully paid 1,685 1,685
10. Related Party Transactions
At the balance sheet date, the company owed its parent, IDP Connect Ltd (Co No 02471319) £1,097,529 in the form of a loan.  This is interest-free and repayable on demand, although the parent has given the company its full support.
Also during the year, intercompany accounts have been maintained to deal with management charges and cashflow support.  At the year-end, the following balances were present:
- The Ambassador Platform PTY £29,771 included in Creditors
- The Ambassador Platform Inc £Nil
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our accountants to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
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12. Ultimate Controlling Party
The immediate parent company is IDP Connect Limited , a company regstered in Engalnd & Wales.  The ultimate parent undertaking and ultimate controlling party is IDP Educatiuon Limited, Level 10, 697 Collins Street, Docklands 3008, Victoria, Australia, which is the largest and smallest group to consolidate these financial statement.  Copies of the consolidated financial statements of IDP Education Limited are publicly available.
13. Audit Information
The auditors report on the account of The Ambassador Platform Ltd for the period ended 30 June 2024 was unqualified
The auditor's report was signed by Colin Airey FCCA (Senior Statutory Auditor) for and on behalf of George Hay Partnership LLP , Statutory Auditor
George Hay Partnership LLP
Brigham House
High Street
Biggleswade
Bedfordshire
SG18 0LD
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