Acorah Software Products - Accounts Production 16.3.350 false true true 31 July 2023 1 August 2022 false 15 July 2025 1 August 2023 31 July 2024 31 July 2024 10067685 Mrs Janine Manning true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10067685 2023-07-31 10067685 2024-07-31 10067685 2023-08-01 2024-07-31 10067685 frs-core:CurrentFinancialInstruments 2024-07-31 10067685 frs-core:ComputerEquipment 2024-07-31 10067685 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10067685 frs-core:ComputerEquipment 2023-07-31 10067685 frs-core:ShareCapital 2024-07-31 10067685 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10067685 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10067685 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10067685 frs-bus:SmallEntities 2023-08-01 2024-07-31 10067685 frs-bus:Audited 2023-08-01 2024-07-31 10067685 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10067685 1 2023-08-01 2024-07-31 10067685 frs-bus:Director1 2023-08-01 2024-07-31 10067685 frs-countries:EnglandWales 2023-08-01 2024-07-31 10067685 2022-07-31 10067685 2023-07-31 10067685 2022-08-01 2023-07-31 10067685 frs-core:CurrentFinancialInstruments 2023-07-31 10067685 frs-core:ShareCapital 2023-07-31 10067685 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10067685
Crimson Education (Europe) Ltd
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10067685
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,158 95
4,158 95
CURRENT ASSETS
Debtors 5 39,903 27,585
Investments 6 21,970 21,970
Cash at bank and in hand 122,943 111,078
184,816 160,633
Creditors: Amounts Falling Due Within One Year 7 (5,099,764 ) (4,211,269 )
NET CURRENT ASSETS (LIABILITIES) (4,914,948 ) (4,050,636 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,910,790 ) (4,050,541 )
NET LIABILITIES (4,910,790 ) (4,050,541 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (4,910,890 ) (4,050,641 )
SHAREHOLDERS' FUNDS (4,910,790) (4,050,541)
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Janine Manning
Director
15/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Crimson Education (Europe) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10067685 . The registered office is 86-90 Paul Street, 3rd Floor, London, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director believes that the financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the parent entity will be adequate to meet the company’s needs for a period of at least 12 months from the date of approval.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised in the period in which the services are provided.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 50% Straight Line
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Investments
Investments in subsidiaries are held at cost less accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 77 (2023: 72)
77 72
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 18,513
Additions 4,368
As at 31 July 2024 22,881
Depreciation
As at 1 August 2023 18,418
Provided during the period 305
As at 31 July 2024 18,723
...CONTINUED
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Page 3
Net Book Value
As at 31 July 2024 4,158
As at 1 August 2023 95
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,805 1,410
VAT 11,923 -
Called up share capital not paid 100 100
Amounts owed by group undertakings 26,075 26,075
39,903 27,585
6. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 21,970 21,970
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 75,749 11,728
Other taxes and social security 117,643 77,459
VAT - 13,711
Net wages 13,805 23,861
Other creditors 3,605 -
Accruals and deferred income 268,120 153,915
Amounts owed to group undertakings 4,620,842 3,930,595
5,099,764 4,211,269
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
9. Ultimate Controlling Party
The company is a wholly owned subsidiary of Crimson Consulting Limited whose registered office KPMG, 18 Viaduct Harbour Avenue, Maritime Square, Auckland, 1010, New Zealand.
The company's parent undertaking, Crimson Consulting Limited includes the company in its consolidated financial statements. The consolidated financial statements of Crimson Consulting Limited are prepared in accordance with NZ-IFRS and are available to the public and may be obtained from Level 3/18 Stanley Street, Parnell, Auckland 1010, New Zealand. As a result, Crimson Education (Europe) Ltd is exempt from preparing group accounts under S401 of the Companies Act 2006.
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Page 4
10. Audit Information
The auditor's report on the accounts of Crimson Education (Europe) Ltd for the year ended 31 July 2024 was unqualified.
The auditor's report was signed by Indra Raj Giri ACA, FCCA (Senior Statutory Auditor) for and on behalf of IG Accounting & Auditing Limited , Statutory Auditor.
IG Accounting & Auditing Limited
90 Sutherland Avenue
Welling
DA16 2NP
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