REGISTERED NUMBER: 11735499 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

City & Guilds College Association

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Abeysekera

N P Cresswell

T Munday

A A Bharath

K G Higgins

H K A Lee

I H Wong

SECRETARY:

H K A Lee

REGISTERED OFFICE:

Second Floor

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

REGISTERED NUMBER:

11735499 (England and Wales)

ACCOUNTANTS:

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

FIXED ASSETS

Investments

4

183,075

181,689

CURRENT ASSETS

Stocks

7,515

8,746

Debtors

5

12,470

11,039

Cash at bank

2,639

2,284

22,624

22,069

CREDITORS

Amounts falling due within one year

6

3,882

6,553

NET CURRENT ASSETS

18,742

15,516

TOTAL ASSETS LESS CURRENT LIABILITIES

201,817

197,205

RESERVES

Income and expenditure account

201,817

197,205

201,817

197,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2025 and were signed on its behalf by:

H K A Lee - Director

1.	STATUTORY INFORMATION

City & Guilds College Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation fo these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Significant judgements and estimates

In preparing the financial statements it is necessary to make certain judgements, estimates and assumptions that effect the amounts recognised in the financial statements. These assumptions are reassessed annually as part of the accounts preparation process.

In the view of the directors applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material judgement in the next financial year.

Going concern

The financial statements have been prepared on a going concern basis under the historical cost convention. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, Directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. Subscription income is recognised in the year of receipt. Event income is recognised in the year when the event occurs.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial instruments at amortised cost

The company trade debtor and creditor balances are measured at amortised cost taking into account bad debt provisions or write offs respectively.

Taxation

The company operates as a "not for profit" organisation.

The company is liable to Corporation Tax on investment income and Capital Gains only. As such, there is no need to provide for deferred taxation.

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. The current rate of corporation tax is 19%.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Fixed asset investments

Fixed asset investments in equity instruments are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss. The fair value of the investments are calculated at the end of each financial year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

181,689

Disposals

(15,808

)

Revaluations

17,194

At 31 December 2024

183,075

NET BOOK VALUE

At 31 December 2024

183,075

At 31 December 2023

181,689

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

183,075

If the fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

164,689

167,115

The fixed asset investments were valued on an open market basis on 31 December 2024 by St. James's Place .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

2,432

Other debtors

12,470

8,607

12,470

11,039

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

-

3,183

Taxation and social security

-

34

Other creditors

3,882

3,336

3,882

6,553