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COMPANY REGISTRATION NUMBER: 8828268
MYTON COMMUNITY COLLEGE LTD
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024
MYTON COMMUNITY COLLEGE LTD
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
Contents
Page
Officers and professional advisers
1
Directors' report
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
5
MYTON COMMUNITY COLLEGE LTD
Company Limited by Guarantee
Officers and Professional Advisers
The board of directors
Mr Chinga
DR KANYARU
DR OBAMBA
Company secretary
Martin Mwangi Chinga
Registered office
79 Lindsey Place
Hull
HU4 6AF
Accountants
Chambers Financial Solutions LTD
Chartered accountants
2 The Chandlers
The Calls
Leeds
West Yorkshire
United Kingdom
LS2 7EZ
MYTON COMMUNITY COLLEGE LTD
Company Limited by Guarantee
Directors' Report
Year ended 31 December 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .
Directors
The directors who served the company during the year were as follows:
Mr Chinga
DR KANYARU
DR OBAMBA
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 23 September 2025 and signed on behalf of the board by:
Mr Chinga
DR KANYARU
Director
Director
DR OBAMBA
Martin Mwangi Chinga
Director
Company Secretary
Registered office:
79 Lindsey Place
Hull
HU4 6AF
MYTON COMMUNITY COLLEGE LTD
Company Limited by Guarantee
Statement of Income and Retained Earnings
Year ended 31 December 2024
2024
2023
Note
£
£
Turnover
500
10,000
Cost of sales
–
2,360
----
--------
Gross profit
500
7,640
Distribution costs
180
815
Administrative expenses
4,608
2,467
-------
-------
Operating (loss)/profit
( 4,288)
4,358
-------
-------
(Loss)/profit before taxation
( 4,288)
4,358
Tax on (loss)/profit
–
–
-------
-------
(Loss)/profit for the financial year and total comprehensive income
( 4,288)
4,358
-------
-------
Retained earnings at the start of the year
4,358
–
-------
-------
Retained earnings at the end of the year
70
4,358
-------
-------
All the activities of the company are from continuing operations.
MYTON COMMUNITY COLLEGE LTD
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Current assets
Cash at bank and in hand
70
4,358
----
-------
Net current assets
70
4,358
----
-------
Total assets less current liabilities
70
4,358
----
-------
Capital and reserves
Profit and loss account
70
4,358
----
-------
Members funds
70
4,358
----
-------
These financial statements have been prepared 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'.
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 .
These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:
Mr Chinga
DR KANYARU
Director
Director
DR OBAMBA
Director
Company registration number: 8828268
MYTON COMMUNITY COLLEGE LTD
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 79 Lindsey Place, Hull, HU4 6AF.
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.
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.
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.
4. Company limited by guarantee
5. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 3 ).