Acorah Software Products - Accounts Production 16.4.660 false true 31 December 2023 1 January 2023 false 17 July 2025 1 January 2024 31 December 2024 31 December 2024 06231576 Ms Jennifer Martin Ms Sabrina White iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06231576 2023-12-31 06231576 2024-12-31 06231576 2024-01-01 2024-12-31 06231576 frs-core:CurrentFinancialInstruments 2024-12-31 06231576 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06231576 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06231576 frs-core:SharePremium 2024-12-31 06231576 frs-core:ShareCapital 2024-12-31 06231576 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06231576 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06231576 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06231576 frs-bus:SmallEntities 2024-01-01 2024-12-31 06231576 frs-bus:Audited 2024-01-01 2024-12-31 06231576 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06231576 frs-core:UnlistedNon-exchangeTraded 2024-12-31 06231576 frs-core:UnlistedNon-exchangeTraded 2023-12-31 06231576 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 06231576 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 06231576 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06231576 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 06231576 frs-bus:Director1 2024-01-01 2024-12-31 06231576 frs-bus:Director2 2024-01-01 2024-12-31 06231576 frs-countries:EnglandWales 2024-01-01 2024-12-31 06231576 2022-12-31 06231576 2023-12-31 06231576 2023-01-01 2023-12-31 06231576 frs-core:CurrentFinancialInstruments 2023-12-31 06231576 frs-core:SharePremium 2023-12-31 06231576 frs-core:ShareCapital 2023-12-31 06231576 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06231576
Graduate Management Global Connection (UK) Ltd.
Financial Statements
For The Year Ended 31 December 2024
Braant Accounting
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06231576
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 809,000 809,000
809,000 809,000
CURRENT ASSETS
Debtors 5 1,244,700 930,126
Cash at bank and in hand 577,477 580,226
1,822,177 1,510,352
Creditors: Amounts Falling Due Within One Year 6 (381,875 ) (420,324 )
NET CURRENT ASSETS (LIABILITIES) 1,440,302 1,090,028
TOTAL ASSETS LESS CURRENT LIABILITIES 2,249,302 1,899,028
NET ASSETS 2,249,302 1,899,028
CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Share premium account 808,000 808,000
Profit and Loss Account 1,439,302 1,089,028
SHAREHOLDERS' FUNDS 2,249,302 1,899,028
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.
The financial statements were approved by the board of directors and authorised for issue on 17 July 2025 and were signed on its behalf by:
Ms Jennifer Martin
Director
17/07/2025
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
Graduate Management Global Connection (UK) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 06231576 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared under the historical cost accounting rules and in accordance with applicable accounting standards.

The directors have prepared the accounts on a going concern basis, which assumes that the company will achieve sufficient financial resources in order to meet its short and medium term liability requirements. The company relies upon its parent company, Graduate Management Admission Council, which has confirmed that it will continue to provide this for the forseeable future.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates, value added tax and other sales tax.

2.3. 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:
Leasehold Over the life of the lease
Computer Equipment Over 3 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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. Taxation
Taxation for the year comprises current & 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 liabilites are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
2.8. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 11)
13 11
4. Investments
Unlisted
£
Cost
As at 1 January 2024 809,000
As at 31 December 2024 809,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 809,000
As at 1 January 2024 809,000
Subsidiary Undertakings 
The following were subsidiary undertakings of the Company 
Name                               BUSINESSBECAUSE LTD 
Country of Incorporation     England & Wales 
Class of share                   100 Ordinary Shares of £1.00 each 
Holding                             100% 
Principle activities              Digital marketing 
The aggregate of the share capital and reserves as at 31 December 2024 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows : 
BUSINESSBECAUSE LTD 
Aggregate of share capital and reserves -£32,693 (2023 : -£65,719) 
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,327 29,632
Other debtors 74,389 120,647
Amounts owed by group undertakings 1,118,984 779,847
1,244,700 930,126
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 28,290
Corporation tax 127,595 134,671
Other taxes and social security 77,575 42,202
Other creditors 176,705 215,161
381,875 420,324
Page 3
Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
8. Contingent Liabilities
In the opinion of the directors, there were no contingent liabilities as at 31 December 2024 (2023 : £nil)
9. Related Party Transactions
The Group in which the results of the organisation are consolidated is that headed by Graduate Management Admission Council, its principal offices are situated at 11921 Freedom Drive, Suite 300, Reston, VA 20191, USA.
There is currently an amount due from the parent company of £1,118,984 (2023 : £779,847)
10. Audit Information
The auditor's report on the accounts of Graduate Management Global Connection (UK) Ltd. for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Hemal Doshi (Senior Statutory Auditor) for and on behalf of RDH ACCOUNTANTS LTD , Statutory Auditor.
RDH ACCOUNTANTS LTD
21, High Street
Harrow on the Hill
Middlesex
HA1 3HT
Page 4