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Company registration number: 03112025







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2023


LINGUARAMA INTERNATIONAL GROUP LIMITED






































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LINGUARAMA INTERNATIONAL GROUP LIMITED
 


 
COMPANY INFORMATION


Directors
A Quazi 
N R Walker 




Registered number
03112025



Registered office
20 Farringdon Street
11th Floor

London

EC4A 4AB




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


LINGUARAMA INTERNATIONAL GROUP LIMITED
REGISTERED NUMBER:03112025



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
77,584
50,891

Cash at bank and in hand
  
100,284
112,785

  
177,868
163,676

Creditors: amounts falling due within one year
 5 
(946,926)
(995,408)

Net current liabilities
  
 
 
(769,058)
 
 
(831,732)

Total assets less current liabilities
  
(769,058)
(831,732)

  

Net liabilities
  
(769,058)
(831,732)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(769,059)
(831,733)

  
(769,058)
(831,732)


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 March 2025.




................................................
N R Walker
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


LINGUARAMA INTERNATIONAL GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Linguarama International Group Limited  is a private company limited by shares, registered in England and Wales. The address of its registered office and principal place of business is 20 Farringdon Street, 11th Floor, London, EC4A 4AB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102  'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required  to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Company has net liabilities of £769,058 (2022: £831,732), however within total liabilities of £946,926 (2022: £995,408) there are intercompany creditors of £862,101 (2022: £913,652).
Marcus Evans Holdings (IOM) Ltd has confirmed that currently, as a major creditor of the UK company, it will not demand repayment of the amounts outstanding until such a time that the Company is able to make repayments without having a detrimental impact on the Company. The period for not demanding payment is at least 12 months from the date of signing these financial statements. 
Marcus Evans Holdings (IOM) Ltd has also confirmed that it will currently continue to provide financial resources as may be required for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements.
At the time of approving the financial statements, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and Company also has group financial support available in case of financial difficulties.
Given the uncertainty surrounding the future performance of the company, a material uncertainty exists that may cast doubt on the Company's ability to continue as a going concern. 
The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 2

 


LINGUARAMA INTERNATIONAL GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue arises from the provision of services in respect of management and arrangement of executive language training courses. Revenue is measured at the fair value of the consideration received or receivable and represents amount for the provision of services in the normal course of business, net of discounts and other sales-related taxes.
Revenue is recognised when the course has taken place, until which point the amounts invoiced are recorded as a deferred income.

  
2.5

Course related expenses

Directly attributable course expenses are recognised in the year in which the course has taken place. Expenses that related to a course taking place in a subsequent financial year but paid prior to the year end are recorded as prepayments in the statements of financial position.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average number of employees during the year was 35 (2022 - 32).
The prior year financial statements disclosed an average number of 5 employees. This figure did not include employees who were under contract and teaching classes throughout the year. The 2022 figure of 32 is the restated number of employees to correctly reflect those under contract throughout the year. 




4.


Debtors

2023
2022
£
£


Trade debtors
74,895
37,318

Other debtors
-
365

Prepayments and accrued income
2,689
13,208

77,584
50,891


Page 3

 


LINGUARAMA INTERNATIONAL GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,223
6,393

Amounts owed to group undertakings
862,101
913,652

Other creditors
19,104
13,040

Accruals and deferred income
62,498
62,323

946,926
995,408



6.


Commitments under operating leases

At 30 September 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
3,547
3,547

Later than 1 year and not later than 5 years
2,069
5,616

5,616
9,163


7.


Controlling party

The parent company of the smallest group of which the company is a member and for which group accounts are prepared is Marcus Evans Conferences Ltd, the address of its registered office is 20 Farringdon Street, 11th Floor, London, EC4A 4AB. 


8.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2023 was qualified.

The qualification in the audit report was as follows:

The financial statements show a commission paid expense within the income statement totalling £21,685. We were unable to satisfy ourselves with the basis on which this expense was calculated due to the lack of appropriate evidence available. Consequently, we were unable to determine whether any adjustment to this amount was necessary.  

The audit report was signed on 31 March 2025 by Andrew Cook FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 4