Company registration number 11838951 (England and Wales)
NCG SUMMER SCHOOL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
2024-08-31
PAGES FOR FILING WITH REGISTRAR
NCG SUMMER SCHOOL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
NCG SUMMER SCHOOL LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
195,649
94,392
Cash at bank and in hand
22,726
5,766
218,375
100,158
Creditors: amounts falling due within one year
4
(218,948)
(153,701)
Net current liabilities
(573)
(53,543)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(673)
(53,643)
Total equity
(573)
(53,543)

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 September 2025
Mr S Thameembasha
Director
Company registration number 11838951 (England and Wales)
NCG SUMMER SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

NCG Summer School Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Portland Street, Aytoun Street Entrance, Manchester, M1 3BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern, being net liabilities at the balance sheet date.

The company has net current liabilities and net liabilities at the balance sheet date. In order to continue to trade the company is reliant upon the support of its Directors and Shareholders. It has been indicated that this support will continue for the foreseeable future.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

The company recognises revenue from the following major sources:

- Course fees

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Course fees

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

NCG SUMMER SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
1.5
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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

NCG SUMMER SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
(1,000)
676
Amounts owed by group undertakings
(2,298)
100
Other debtors
198,947
93,616
195,649
94,392
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
205,876
178,084
Taxation and social security
10,928
858
Other creditors
2,144
(25,241)
218,948
153,701
5
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Other related parties
100,000
100,000
Other information

The company has taken advantage of the exemptions under FRS 102 1A for related party transactions from disclosing transactions with other wholly owned members of the group.true

NCG SUMMER SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
6
Parent company

By virtue of ownership of the company's entire issued share capital, NCG Holdings Ltd, a company incorporated in the UK, is the ultimate parent company, and its registered office is 9 Portland Street, Aytoun Street Entrance, Manchester, M1 3BE.

By virtue of ownership of majority issued share capital of the ultimate parent company, NCG Holdings Ltd, Sadiqbasha Thameembasha is the ultimate controlling party.

2024-08-31 2023-09-01 false false false 24 September 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity Mr S Thameembasha 11838951 2023-09-01 2024-08-31 11838951 2024-08-31 11838951 2023-08-31 11838951 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 11838951 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 11838951 core:CurrentFinancialInstruments 2024-08-31 11838951 core:CurrentFinancialInstruments 2023-08-31 11838951 core:ShareCapital 2024-08-31 11838951 core:ShareCapital 2023-08-31 11838951 core:RetainedEarningsAccumulatedLosses 2024-08-31 11838951 core:RetainedEarningsAccumulatedLosses 2023-08-31 11838951 bus:Director1 2023-09-01 2024-08-31 11838951 2022-09-01 2023-08-31 11838951 core:WithinOneYear 2024-08-31 11838951 core:WithinOneYear 2023-08-31 11838951 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11838951 bus:FRS102 2023-09-01 2024-08-31 11838951 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11838951 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11838951 bus:FullAccounts 2023-09-01 2024-08-31 xbrli:pure xbrli:shares iso4217:GBP