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REGISTERED NUMBER: 05270255 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Languages Plus London Limited

Languages Plus London Limited (Registered number: 05270255)






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


Languages Plus London Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M Sarno



REGISTERED OFFICE: c/o Edwards Language School
36 B The Mall
London
W5 3TJ



REGISTERED NUMBER: 05270255 (England and Wales)



ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA



SOLICITORS: Dean Wilson LLP
96 Church Street
Brighton
East Sussex
BN1 1UJ

Languages Plus London Limited (Registered number: 05270255)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,777 3,421
2,777 3,421

CURRENT ASSETS
Debtors 6 288,555 405,391
Cash at bank and in hand 17,572 16,125
306,127 421,516
CREDITORS
Amounts falling due within one year 7 62,284 26,987
NET CURRENT ASSETS 243,843 394,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,620

397,950

CREDITORS
Amounts falling due after more than one
year

8

(598,797

)

(598,211

)

PROVISIONS FOR LIABILITIES (500 ) (622 )
NET LIABILITIES (352,677 ) (200,883 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (353,677 ) (201,883 )
SHAREHOLDERS' FUNDS (352,677 ) (200,883 )

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 his 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.

Languages Plus London Limited (Registered number: 05270255)

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 director and authorised for issue on 30 April 2025 and were signed by:





M Sarno - Director


Languages Plus London Limited (Registered number: 05270255)

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

1. STATUTORY INFORMATION

Languages Plus London 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 financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the parent company not requiring repayment of the loans in the near future. The financial statements do not include any adjustments that would result if this amount was due for repayment.

The director believes that it is appropriate for the financial statements to be prepared on the going concern basis.

Turnover
Turnover represents fees received for the provision of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, was amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.


Languages Plus London Limited (Registered number: 05270255)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 89,520
AMORTISATION
At 1 January 2024
and 31 December 2024 89,520
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Languages Plus London Limited (Registered number: 05270255)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 7,313 15,484 2,922 25,719
DEPRECIATION
At 1 January 2024 6,011 14,512 1,775 22,298
Charge for year 326 146 172 644
At 31 December 2024 6,337 14,658 1,947 22,942
NET BOOK VALUE
At 31 December 2024 976 826 975 2,777
At 31 December 2023 1,302 972 1,147 3,421

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 244,665 341,040
Other debtors 1,000 1,064
Prepayments and accrued income 42,890 63,287
288,555 405,391

The company will not be seeking repayment from group and associated companies within 12 months of the date of approval of the accounts.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 55,014 20,670
PAYE/NIC 2,415 1,470
Pensions 511 503
Accruals and deferred income 4,344 4,344
62,284 26,987

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 598,797 598,211

Languages Plus London Limited (Registered number: 05270255)

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

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.

10. ULTIMATE CONTROLLING PARTY

Languages Plus Limited owned 100% by Marcello Sarno.