Sessions Accelerator Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13248903

SESSIONS ACCELERATOR LIMITED

FILLETED FINANCIAL STATEMENTS

30 September 2024

SESSIONS ACCELERATOR LIMITED

STATEMENT OF FINANCIAL POSITION

30 September 2024

	30 Sep 24		31 Mar 23
Note	£	£	£

Fixed assets

Intangible assets	5	68,553	–
Tangible assets	6	1,926	11,576
		---------	---------
		70,479	11,576

Current assets

Stocks		150,842	–
Debtors	7	1,511,980	225,983
Cash at bank and in hand		910,716	312,716
		-------------	----------
		2,573,538	538,699

Creditors: amounts falling due within one year	8	4,508,258		1,992,862
		-------------		-------------
Net current liabilities			1,934,720	1,454,163
			-------------	-------------
Total assets less current liabilities			( 1,864,241)	( 1,442,587)
			-------------	-------------
Net liabilities			( 1,864,241)	( 1,442,587)
			-------------	-------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 1,864,242)	( 1,442,588)
	-------------	-------------
Shareholder deficit	( 1,864,241)	( 1,442,587)
	-------------	-------------

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 statement of comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

SESSIONS ACCELERATOR LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr I D Banks

Director

Company registration number: 13248903

SESSIONS ACCELERATOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2023 TO 30 SEPTEMBER 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 8th Floor, 52 Grosvenor Gardens, London, SW1W 0AU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. 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.

Going concern

The company's activities, together with factors likely to affect its future development, performance, and position are considered by the directors on an ongoing basis. The directors have performed stress testing of cash flow forecasts to take account of events that could impact the financial position of the company. As such, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The validity of this assumption also depends upon the continuing support of the group undertakings and on funding from other external sources. If the company were unable to continue in operational existence for the foreseeable future, adjustment would have to be made to reduce the balance sheet values of the assets to their recoverable amounts, and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Sessions Market Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: a) Disclosures in respect of each class of share capital have not been presented. b) No cash flow statement has been presented for the company. c) Disclosures in respect of financial instruments have not been presented. d) Disclosures in respect of share-based payments have not been presented. e) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Patents, trademarks and licences	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 34 (2023: 18 ).

5. Intangible assets

	Patents, trademarks and licences
	£
Cost
Additions	70,954
	---------
At 30 September 2024	70,954
	---------
Amortisation
Charge for the period	2,401
	---------
At 30 September 2024	2,401
	---------
Carrying amount
At 30 September 2024	68,553
	---------
At 31 March 2023	–
	---------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2023	–	–	15,009	15,009
Additions	813	636	2,251	3,700
	----	----	---------	---------
At 30 September 2024	813	636	17,260	18,709
	----	----	---------	---------
Depreciation
At 1 April 2023	–	–	3,433	3,433
Charge for the period	81	106	13,163	13,350
	----	----	---------	---------
At 30 September 2024	81	106	16,596	16,783
	----	----	---------	---------
Carrying amount
At 30 September 2024	732	530	664	1,926
	----	----	---------	---------
At 31 March 2023	–	–	11,576	11,576
	----	----	---------	---------

7. Debtors

	30 Sep 24	31 Mar 23
	£	£
Trade debtors	77,601	505
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,244,688	219,273
Other debtors	189,691	6,205
	-------------	----------
	1,511,980	225,983
	-------------	----------

8. Creditors: amounts falling due within one year

	30 Sep 24	31 Mar 23
	£	£
Trade creditors	99,460	50,055
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,621,154	1,597,331
Social security and other taxes	66,725	23,841
Other creditors	720,919	321,635
	-------------	-------------
	4,508,258	1,992,862
	-------------	-------------

The loans are secured.

9. Summary audit opinion

The auditor's report dated 24 September 2025 was unqualified .

The senior statutory auditor was Christopher Kyffin-Walton FCCA , for and on behalf of UHY Hacker Young (S.E.) Limited .

10. Controlling party

The company is under the control of Sessions Market Limited.