REGISTERED NUMBER: 09478772 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BCG STUDENT LTD

(FORMERLY KNOWN AS BASECAMP GROUP LTD)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

D J I Hamer

R L Butterworth

Registered office:

Limetree Farm

Badgemore

Henley-On-Thames

Oxfordshire

RG9 4NX

Registered number:

09478772 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

1,462

7,693

Investments

5

82,812

117,689

84,274

125,382

Current assets

Debtors

6

1,986,271

823,237

Cash at bank

76,362

147,972

2,062,633

971,209

Creditors

Amounts falling due within one year

7

727,245

834,377

Net current assets

1,335,388

136,832

Total assets less current liabilities

1,419,662

262,214

Capital and reserves

Called up share capital

8

4,000

4,000

Retained earnings

1,415,662

258,214

Shareholders' funds

1,419,662

262,214

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 profit or loss 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

D J I Hamer - Director

1.	Statutory information

BCG Student Ltd (formerly known as Basecamp Group Ltd) is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors are of the opinion that the above is sufficient to conclude that the company is a going concern. The financial statements do not include any adjustments to the value of the balance sheet which would result should the going concern basis not be valid.

Key source of estimation, uncertainty and judgement

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - Straight line over 3 or 4 years

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Derivatives are measued at fair value at each reporting date, with the change in fair value being recognised in the profit and loss.

Taxation

Taxation for the year comprises current tax.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 5 (2023 - 3 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2024

500,846

Additions

1,101

Disposals

(1,840

)

At 31 December 2024

500,107

Depreciation

At 1 January 2024

493,153

Charge for year

6,439

Eliminated on disposal

(947

)

At 31 December 2024

498,645

Net book value

At 31 December 2024

1,462

At 31 December 2023

7,693

5.	Fixed asset investments

Unlisted

investments

£

Cost or valuation

At 1 January 2024

117,689

Disposals

(36,022

)

Revaluations

1,145

At 31 December 2024

82,812

Net book value

At 31 December 2024

82,812

At 31 December 2023

117,689

Investment revaluation has been made on the basis of HMRC currency fluctuation rate at the year ended 31 December 2024.

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

200,222

17,752

Amounts owed by group undertakings

1,106,391

-

Other debtors

165,998

140,176

Corporation tax

-

126,439

Deferred tax

467,534

467,534

VAT

34,874

38,673

Prepayments

11,252

32,663

1,986,271

823,237

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

121,731

2,665

Amounts owed to group undertakings

-

301,384

Social security and other taxes

4,067

16,688

Other creditors

85,219

83,283

Accrued expenses

516,228

430,357

727,245

834,377

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

4,000

Ordinary

£1

4,000

4,000