IRIS Accounts Production v24.3.2.46 09847041 director 1.1.24 31.12.24 31.12.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098470412023-12-31098470412024-12-31098470412024-01-012024-12-31098470412022-12-31098470412023-01-012023-12-31098470412023-12-3109847041ns15:EnglandWales2024-01-012024-12-3109847041ns14:PoundSterling2024-01-012024-12-3109847041ns10:Director12024-01-012024-12-3109847041ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109847041ns10:SmallEntities2024-01-012024-12-3109847041ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109847041ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109847041ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109847041ns10:FullAccounts2024-01-012024-12-3109847041ns10:CompanySecretary12024-01-012024-12-3109847041ns10:RegisteredOffice2024-01-012024-12-3109847041ns5:CurrentFinancialInstruments2024-12-3109847041ns5:CurrentFinancialInstruments2023-12-3109847041ns5:ShareCapital2024-12-3109847041ns5:ShareCapital2023-12-3109847041ns5:SharePremium2024-12-3109847041ns5:SharePremium2023-12-3109847041ns5:RetainedEarningsAccumulatedLosses2024-12-3109847041ns5:RetainedEarningsAccumulatedLosses2023-12-3109847041ns5:ComputerEquipment2024-01-012024-12-3109847041ns5:ComputerEquipment2023-12-3109847041ns5:ComputerEquipment2024-12-3109847041ns5:ComputerEquipment2023-12-3109847041ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109847041ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109847041ns5:RetainedEarningsAccumulatedLosses2023-12-3109847041ns5:SharePremium2023-12-3109847041ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 09847041 (England and Wales)















Career Masterclass Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024






Career Masterclass Ltd (Registered number: 09847041)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Career Masterclass Ltd

Company Information
for the year ended 31 December 2024







Director: O Olorunlogbon





Secretary: Sgh Company Secretaries Limited





Registered office: 6th Floor
60 Gracechurch Street
London
EC3V 0HR





Registered number: 09847041 (England and Wales)

Career Masterclass Ltd (Registered number: 09847041)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
Current assets
Debtors 5 1,466 112,635
Cash at bank 36,084 197,274
37,550 309,909
Creditors
Amounts falling due within one year 6 35,284 237,723
Net current assets 2,266 72,186
Total assets less current liabilities 2,266 72,186

Capital and reserves
Called up share capital 1,245 1,245
Share premium 7 386,774 386,774
Retained earnings 7 (385,753 ) (315,833 )
Shareholders' funds 2,266 72,186

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 director acknowledges her 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 director and authorised for issue on 10 April 2025 and were signed by:





O Olorunlogbon - Director


Career Masterclass Ltd (Registered number: 09847041)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Career Masterclass 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.

The presentational and functional currency is the pound sterling (£). All figures are rounded to the nearest £.

The Company prepares accounts using the accruals basis.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical judgements in applying the Company's accounting policies.

(i) Assessing indicators and impairment
In assessing whether there have been any indicators or impairment of assets, the directors have considered external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. There have been no indicators or impairments identified during the current financial year.

Key sources of estimation uncertainty
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities with the net financial year are addressed below.

(i) Recoverability of receivables
The Company establishes a provision for receivables that are estimated not to be recoverable. When assessing recoverability the directors consider factors such as the aging of the receivables, past experience and recoverability, and the credit profile of individual or groups of customers.

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

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% straight line on cost

Career Masterclass Ltd (Registered number: 09847041)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The Company has chosen to apply the provisions of Section 11 Basic Financial Instruments.

Financial assets / liabilities - classified as basic financial instruments
(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

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.

Going concern
These financial statements have been prepared on a going concern basis. The Director has reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

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

Career Masterclass Ltd (Registered number: 09847041)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 January 2024 1,948
Disposals (1,948 )
At 31 December 2024 -
Depreciation
At 1 January 2024 1,948
Eliminated on disposal (1,948 )
At 31 December 2024 -
Net book value
At 31 December 2024 -
At 31 December 2023 -

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 108,000
Other debtors 1,466 4,635
1,466 112,635

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 2,139 -
Taxation and social security - 35,282
Other creditors 33,145 202,441
35,284 237,723

7. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 January 2024 (315,833 ) 386,774 70,941
Deficit for the year (69,920 ) (69,920 )
At 31 December 2024 (385,753 ) 386,774 1,021