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COMPANY REGISTRATION NUMBER: 12302924
Education Training Group Limited
Filleted Unaudited Financial Statements
31 December 2024
Education Training Group Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
3
174,265
30,160
Current assets
Debtors
4
47,368
1,500
Cash at bank and in hand
325
27,921
--------
--------
47,693
29,421
Creditors: amounts falling due within one year
5
38,661
30,160
--------
--------
Net current assets/(liabilities)
9,032
( 739)
---------
--------
Total assets less current liabilities
183,297
29,421
Creditors: amounts falling due after more than one year
6
150,000
---------
--------
Net assets
33,297
29,421
---------
--------
Capital and reserves
Called up share capital
7
1,570
1,500
Share premium account
2,520
Profit and loss account
29,207
27,921
--------
--------
Shareholders funds
33,297
29,421
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Education Training Group Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 1 August 2025 , and are signed on behalf of the board by:
D J Maytham
Director
Company registration number: 12302924
Education Training Group Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 340 The Crescent, Colchester, Essex, CO4 9AD.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3. Investments
Shares in group undertakings
£
Cost
At 1 January 2024
30,160
Additions
144,105
---------
At 31 December 2024
174,265
---------
Impairment
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
174,265
---------
At 31 December 2023
30,160
---------
4. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
45,868
Other debtors
1,500
1,500
--------
-------
47,368
1,500
--------
-------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
30,161
30,160
Other creditors
8,500
--------
--------
38,661
30,160
--------
--------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
150,000
---------
----
7. Called up share capital
Issued and called up
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
1,000
1,000
1,000
1,000
Ordinary B shares of £ 1 each
250
250
250
250
Ordinary C shares of £ 1 each
250
250
250
250
Ordinary D shares of £ 1 each
70
70
-------
-------
-------
-------
1,570
1,570
1,500
1,500
-------
-------
-------
-------
Shares issued and fully paid
2024
2023
No.
£
No.
£
Ordinary D shares of £ 1 each
70
70
----
----
----
----
Shares issued and partly paid
2024
2023
No.
£
No.
£
Ordinary A shares - £– paid of £ 1 each
1,000
1,000
Ordinary B shares - £– paid of £ 1 each
250
250
Ordinary C shares - £– paid of £ 1 each
250
250
-------
----
-------
----
1,500
1,500
-------
----
-------
----
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
D J Maytham
( 8,500)
( 8,500)
G L Keene
( 150,000)
( 150,000)
----
---------
---------
( 158,500)
( 158,500)
----
---------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
D J Maytham
G L Keene
----
----
----
----
----
----