Company registration number: 14632379
Unaudited financial statements
for the year ended 31 March 2025
for
London Reporting Academy Limited
Pages for filing with the Registrar
Company registration number: 14632379
London Reporting Academy Limited
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Intangible assets 4 32,387 13,994
Tangible assets 5 3,539 1,083
35,926 15,077
Current assets
Debtors 31,000 1,762
Cash at bank and in hand 3,554 887
34,554 2,649
Creditors: amounts falling due within one
year
(68,215) (52,737)
Net current liabilities (33,661) (50,088)
Total assets less current liabilities 2,265 (35,011)
NET ASSETS/(LIABILITIES) 2,265 (35,011)
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,264 (35,012)
TOTAL EQUITY 2,265 (35,011)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14632379
London Reporting Academy Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 19 July 2025 and signed on its behalf by:
Mr R KURINKO, Director
19 July 2025
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London Reporting Academy Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
London Reporting Academy Limited is a private company registered in England and Wales. Its registered number is 14632379. The company is limited by shares. Its registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 33% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 33% straight line
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London Reporting Academy Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 April 2024 20,887
Additions 37,740
At 31 March 2025 58,627
Amortisation
At 1 April 2024 6,893
Charge for year 19,347
At 31 March 2025 26,240
Net book value
At 31 March 2025 32,387
At 31 March 2024 13,994
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London Reporting Academy Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 1,616
Additions 4,461
At 31 March 2025 6,077
Depreciation
At 1 April 2024 533
Charge for year 2,005
At 31 March 2025 2,538
Net book value
At 31 March 2025 3,539
At 31 March 2024 1,083
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