Academic Appointments 2017 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10675344 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ACADEMIC APPOINTMENTS 2017 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Paul Aaron Betts

Mr Robin Neil Womersley

REGISTERED OFFICE:

Carrwood Park

Swillington Common

Selby Road

Leeds

West Yorkshire

LS15 4LG

REGISTERED NUMBER:

10675344 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Investments

4

6,182,109

6,186,228

CURRENT ASSETS

Debtors

5

16,248

24,371

Cash at bank

61,027

79,326

77,275

103,697

CREDITORS

Amounts falling due within one year

6

3,023,102

2,899,808

NET CURRENT LIABILITIES

(2,945,827

)

(2,796,111

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,236,282

3,390,117

CREDITORS

Amounts falling due after more than one
year

7

2,150,000

2,250,000

NET ASSETS

1,086,282

1,140,117

CAPITAL AND RESERVES

Called up share capital

9

395,000

Other reserves

500

4,619

Retained earnings

690,782

740,498

SHAREHOLDERS' FUNDS

1,086,282

1,140,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

Mr Paul Aaron Betts - Director

1.	STATUTORY INFORMATION

Academic Appointments 2017 Limited 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.

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.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

6,186,228

Valuation changes

(4,119

)

At 31 December 2025

6,182,109

NET BOOK VALUE

At 31 December 2025

6,182,109

At 31 December 2024

6,186,228

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Prepayments and accrued income

16,248

24,371

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

160,000

120,000

Trade creditors

-

774

Amounts owed to group undertakings

2,862,052

2,778,074

Accruals and deferred income

1,050

960

3,023,102

2,899,808

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans

70,000

470,000

Other loans more 5yrs non-inst

2,080,000

1,780,000

2,150,000

2,250,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

2,080,000

1,780,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Bank loans

230,000

590,000

Other loans

2,080,000

1,780,000

2,310,000

2,370,000

Bank loans are secured by a fixed and floating charge over the assets of the company and its subsidiary Academic Appointments Ltd at any time to SME Lending Limited.

Other loans are secured by a fixed and floating charge over the assets of the company and its subsidiary Academic Appointments Ltd.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

1,200,000

A Ordinary

£0.10

120,000

800,000

B Ordinary

£0.10

80,000

1,950,000

DEFERRED

£0.10

195,000

395,000

10.	RELATED PARTY DISCLOSURES

The company owns 100% of the share capital of Academic Appointments Ltd. During the year the company invoiced Academic Appointments Ltd £19,800 (2024: £19,800). At the balance sheet date the company owed Academic Appointments Ltd £2,862,052 (2024: £2,778,074).

Solingen Private Equity No 1 LP owns 100% of the issued share capital of the company. At the year end the company owed Solingen Private Equity No 1 LP £2,080,000 (2024: £1,780,000).