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REGISTERED NUMBER: 10675344 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ACADEMIC APPOINTMENTS 2017 LIMITED

ACADEMIC APPOINTMENTS 2017 LIMITED (REGISTERED NUMBER: 10675344)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACADEMIC APPOINTMENTS 2017 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr Paul Aaron Betts
Mr Peter Anthony Riley
Mr Robin Neil Womersley





REGISTERED OFFICE: Carrwood Park
Swillington Common
Selby Road
Leeds
West Yorkshire
LS15 4LG





REGISTERED NUMBER: 10675344 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

ACADEMIC APPOINTMENTS 2017 LIMITED (REGISTERED NUMBER: 10675344)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Investments 4 6,186,228 6,186,228

CURRENT ASSETS
Debtors 5 24,371 37,951
Cash at bank 79,326 79,652
103,697 117,603
CREDITORS
Amounts falling due within one year 6 2,899,808 2,581,134
NET CURRENT LIABILITIES (2,796,111 ) (2,463,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,390,117

3,722,697

CREDITORS
Amounts falling due after more than one
year

7

2,250,000

2,490,000
NET ASSETS 1,140,117 1,232,697

CAPITAL AND RESERVES
Called up share capital 9 395,000 395,000
Other reserves 4,619 4,619
Retained earnings 740,498 833,078
SHAREHOLDERS' FUNDS 1,140,117 1,232,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ACADEMIC APPOINTMENTS 2017 LIMITED (REGISTERED NUMBER: 10675344)

BALANCE SHEET - continued
31 DECEMBER 2024


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

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 7 April 2025 and were signed on its behalf by:





Mr Paul Aaron Betts - Director


ACADEMIC APPOINTMENTS 2017 LIMITED (REGISTERED NUMBER: 10675344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Academic Appointments 2017 Limited 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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

ACADEMIC APPOINTMENTS 2017 LIMITED (REGISTERED NUMBER: 10675344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 6,186,228
NET BOOK VALUE
At 31 December 2024 6,186,228
At 31 December 2023 6,186,228

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
VAT - 5,456
Prepayments and accrued income 24,371 32,495
24,371 37,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 120,000 120,000
Trade creditors 774 -
Amounts owed to group undertakings 2,778,074 2,460,174
Accruals and deferred income 960 960
2,899,808 2,581,134

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 470,000 710,000
Other loans more 5yrs non-inst 1,780,000 1,780,000
2,250,000 2,490,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,780,000 1,780,000

ACADEMIC APPOINTMENTS 2017 LIMITED (REGISTERED NUMBER: 10675344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 590,000 830,000
Other loans 1,780,000 1,780,000
2,370,000 2,610,000

Bank loans are secured by a fixed and floating charge over the assets of the company and its subsidiary Academic Appointments Ltd at any time to SME Lending Limited.

Other loans are secured by a fixed and floating charge over the assets of the company and its subsidiary Academic Appointments Ltd.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,200,000 A Ordinary £0.10 120,000 120,000
800,000 B Ordinary £0.10 80,000 80,000
1,950,000 DEFERRED £0.10 195,000 195,000
395,000 395,000

10. RELATED PARTY DISCLOSURES

The company owns 100% of the share capital of Academic Appointments Ltd. During the year the company invoiced Academic Appointments Ltd £19,800 (2023: £19,800). At the balance sheet date the company owed Academic Appointments Ltd £2,778,074 (2023: £2,460,174).

Solingen Private Equity No 1 LP owns 100% of the issued share capital of the company. At the year end the company owed Solingen Private Equity No 1 LP £1,780,000 (2023: £1,180,000).