IRIS Accounts Production v25.1.0.734 14413933 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144139332023-08-31144139332024-08-31144139332023-09-012024-08-31144139332022-10-11144139332022-10-122023-08-31144139332023-08-3114413933ns15:EnglandWales2023-09-012024-08-3114413933ns14:PoundSterling2023-09-012024-08-3114413933ns10:Director12023-09-012024-08-3114413933ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3114413933ns10:SmallEntities2023-09-012024-08-3114413933ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3114413933ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3114413933ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3114413933ns10:FullAccounts2023-09-012024-08-3114413933ns10:OrdinaryShareClass12023-09-012024-08-3114413933ns10:Director22023-09-012024-08-3114413933ns10:Director32023-09-012024-08-3114413933ns10:RegisteredOffice2023-09-012024-08-3114413933ns5:CurrentFinancialInstruments2024-08-3114413933ns5:CurrentFinancialInstruments2023-08-3114413933ns5:ShareCapital2024-08-3114413933ns5:ShareCapital2023-08-3114413933ns5:RetainedEarningsAccumulatedLosses2024-08-3114413933ns5:RetainedEarningsAccumulatedLosses2023-08-3114413933ns5:AdditionsToInvestments2024-08-3114413933ns5:CostValuation2024-08-3114413933ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3114413933ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3114413933ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 14413933 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

COLLEGIATE AC EUROPE LTD

COLLEGIATE AC EUROPE LTD (REGISTERED NUMBER: 14413933)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COLLEGIATE AC EUROPE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr R Clothier
Mrs M L Cuanalo
Mr H L Cuanalo





REGISTERED OFFICE: Bayworth Cleave
Bayworth Manor
Abingdon
Oxfordshire
OX13 6QS





REGISTERED NUMBER: 14413933 (England and Wales)






COLLEGIATE AC EUROPE LTD (REGISTERED NUMBER: 14413933)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 5 1 -

CURRENT ASSETS
Debtors 6 312,132 100
Cash at bank 1,496,278 -
1,808,410 100
CREDITORS
Amounts falling due within one year 7 1,762,242 -
NET CURRENT ASSETS 46,168 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,169

100

CAPITAL AND RESERVES
Called up share capital 8 1,000 100
Retained earnings 45,169 -
SHAREHOLDERS' FUNDS 46,169 100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 8 April 2025 and were signed on its behalf by:





Mr H L Cuanalo - Director


COLLEGIATE AC EUROPE LTD (REGISTERED NUMBER: 14413933)

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


1. STATUTORY INFORMATION

Collegiate AC Europe 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Collegiate AC Europe Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

COLLEGIATE AC EUROPE LTD (REGISTERED NUMBER: 14413933)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1
At 31 August 2024 1
NET BOOK VALUE
At 31 August 2024 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,631 -
Other debtors 285,501 100
312,132 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,530 -
Amounts owed to group undertakings 1 -
Taxation and social security 68,390 -
Other creditors 1,687,321 -
1,762,242 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 100

900 Ordinary £1 Shares were issued during the period at par.