Company Registration No. 14209572 (England and Wales)
Citizens Education Limited
Unaudited accounts
for the year ended 31 July 2024
Citizens Education Limited
Annual report and unaudited accounts
for the year ended 31 July 2024
Citizens Education Limited
Company Information
for the year ended 31 July 2024
Director
Matthew Angus Hayes
Company Number
14209572 (England and Wales)
Registered Office
167-169 GREAT PORTLAND STREET
5TH FLOOR
LONDON
W1W 5PF
ENGLAND
Accountants
The Straightener Limited
83 Ducie Street
Manchester
M1 2JQ
Citizens Education Limited
Statement of Financial Position
as at 31 July 2024
Current assets
41,871
8,359
Creditors: amounts falling due within one year
(67,658)
(45,042)
Net current liabilities
(25,787)
(36,683)
Total assets less current liabilities
(25,787)
(36,683)
Creditors: amounts falling due after more than one year
(51,306)
-
Accruals and deferred income
(1,500)
(1,833)
Net liabilities
(78,593)
(38,516)
Capital and reserves
(78,593)
(38,516)
Citizens Education Limited is a private company, limited by shares, registered in England and Wales, registration number 14209572. The registered office is 167-169 GREAT PORTLAND STREET, 5TH FLOOR, LONDON, W1W 5PF, ENGLAND.
2 Director's advances, credit and guarantees
The director has continued to financially support the company and as at 31st July 2024, the company owed the director £74,736 (2023: £49,560). No interest is payable on this loan.
3 Guarantees and other financial commitments
On 18th August 2023, the company entered into an unsecured convertible loan agreement in the amount of £52,000, with a redemption date of 31st August 2028. Interest on this loan accrues at 7.25% per annum and converts at a 20% discount on qualifying fundraising.
4 Average number of employees
During the year the average number of employees was 0 (2023: 0).
Citizens Education Limited
Statement of Financial Position
as at 31 July 2024 (continued)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 12 April 2025
Matthew Angus Hayes
Director
Company Registration No. 14209572