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REGISTERED NUMBER: 11460927 (England and Wales)










Rotherham Opportunities College Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Rotherham Opportunities College Limited (Registered number: 11460927)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rotherham Opportunities College Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Diego Barquero
Jodie Bradley
Mrs Elisabeth Jean Froggatt
David Heugh
Colan Leung
Perdita Mousley
Michael David Swindells
Sheila Weetman
Anne Catherine Wilson Mbe





REGISTERED OFFICE: MyPlace
St Ann's Road
Rotherham
South Yorkshire
S65 1PH





REGISTERED NUMBER: 11460927 (England and Wales)






Rotherham Opportunities College Limited (Registered number: 11460927)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 57,255 54,932

CURRENT ASSETS
Debtors 5 242,390 37,340
Cash at bank 88,265 85,961
330,655 123,301
CREDITORS
Amounts falling due within one year 6 (338,461 ) (305,592 )
NET CURRENT LIABILITIES (7,806 ) (182,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,449

(127,359

)

RESERVES
Retained earnings 49,449 (127,359 )
49,449 (127,359 )

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 surplus or deficit 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.

Rotherham Opportunities College Limited (Registered number: 11460927)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





David Heugh - Director


Rotherham Opportunities College Limited (Registered number: 11460927)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Rotherham Opportunities College Limited is a private company, limited by guarantee , 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 financial statements are prepared in sterling, which is the functional currency of the entity.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all the years presented, unless otherwise stated.

GOING CONCERN
The company's liabilities exceeded its assets as at the year end. For the purposes of short and medium-term financial management, the directors are closely monitoring the working capital position by taking steps to reduce expenses and increase income. At the time of approving the financial statements , the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis in preparing the financial statements.

TURNOVER
Turnover represents funding received from local authority and other educational awarding bodies in the United Kingdom. Turnover is recognised when services are delivered.

TANGIBLE FIXED ASSETS
Tangible assets are initially recorded at cost, and comprise land and buildings. These are not depreciated, but are reviewed for fair value every year.

The directors are experienced in relation to property values in the location where the properties are situated. The directors consider the properties included in the accounts are at fair value, and consequently no independent valuation is carried out.

DEPRECIATION
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class Depreciation method and rate
Fixtures & Fittings 15% on reducing balance
Computer Equipment Straight line over 3 years

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Rotherham Opportunities College Limited (Registered number: 11460927)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

FINANCIAL INSTRUMENTS
Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Share Capital
The company is limited by guarantee and does not have a share capital divided by shares.

Rotherham Opportunities College Limited (Registered number: 11460927)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 37,132 68,734 105,866
Additions 7,288 22,990 30,278
At 31 August 2024 44,420 91,724 136,144
DEPRECIATION
At 1 September 2023 7,310 43,624 50,934
Charge for year 5,343 22,612 27,955
At 31 August 2024 12,653 66,236 78,889
NET BOOK VALUE
At 31 August 2024 31,767 25,488 57,255
At 31 August 2023 29,822 25,110 54,932

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 242,390 37,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 56,173 17,798
Taxation and social security 196,386 233,824
Other creditors 85,902 53,970
338,461 305,592

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years - 17,735

8. OTHER INCOME

Other income comprises of write back of earlier provision of VAT now deemed not to be required.

Rotherham Opportunities College Limited (Registered number: 11460927)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CONTINGENT ASSET

There is a potential claim of £196,807.49 relating to monies that the solicitor is working to recover from redundancy and Service Level Agreements paid by previous directors. Following their advice, an amount of £100,000 would be receivable in the near future and on this basis, the same are reflected as other income in the financial year ended 31 August 2024.