London College Limited - Limited company accounts 25.1

REGISTERED NUMBER: 05734673 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

LONDON COLLEGE LIMITED

Page

Company Information

1

Report of the Director

2

Report of the Independent Auditors

4

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTOR:

Dr A Rojeab

REGISTERED OFFICE:

9 Berners Place

London

W1T 3AD

REGISTERED NUMBER:

05734673 (England and Wales)

AUDITORS:

Mehta & Tengra

Chartered Accountants

Statutory Auditors

9 Berners Place

London

W1T 3AD

HOLDING COMPANY:

UCK Limited

680 Bath Road

Hounslow

London

TW5 9QX

The director presents his report with the financial statements of the company for the year ended 31 July 2025.

PRINCIPAL ACTIVITY

The principal activity of the company during the year was holding a leasehold interest in a property occupied by its parent undertaking, UCK Limited.

REVIEW OF BUSINESS

The results for the year and the financial position of the company are as shown in the annexed financial statements.

During the year, the property continued to be occupied by UCK Limited. Under the arrangements agreed with the landlord, rental invoices were issued directly to UCK Limited and were settled directly by UCK Limited. London College Limited did not receive rental income or make rental payments during the year.

The company incurred a loss of £23,669, principally comprising depreciation of the leasehold interest and fixtures and fittings.

DIRECTOR

Dr A Rojeab held office during the whole of the period from 1 August 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The company’s principal financial assets comprise amounts owed by group undertakings and a rent deposit. Its principal financial liabilities comprise accruals and accrued expenses.

The principal financial risks are credit risk relating to amounts owed by group undertakings and liquidity risk arising from the company’s lack of trading income. These risks are managed by monitoring the recoverability of group balances, reviewing the company’s expected liabilities and cash requirements, and obtaining financial support from the parent company where required.

FIXED ASSETS

The changes in fixed assets are shown in note 6 to the financial statements.

RELATED PARTY TRANSACTIONS

None of the directors had any other material interests at any time during the year in any contract of significance in relation to the business of the company other than that stated in note 11 to the financial statements.

TAXATION STATUS

The company is a close company within the meaning of the Corporation Tax Act 2010.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Mehta & Tengra, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Dr A Rojeab - Director

29 July 2026

Opinion

We have audited the financial statements of London College Limited (the 'company') for the year ended 31 July 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Director has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on pages two and three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatements of the financial statements, whether due to fraud or error, and then design and perform audit procedures to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing the risks of material misstatement arising from irregularities, including fraud, we considered the nature and size of the company, its business activities, its control environment and the areas of the financial statements involving significant judgement. We also made enquiries of the director regarding the company’s procedures for identifying and responding to fraud and non-compliance with laws and regulations, and whether the director was aware of any actual, suspected or alleged fraud.

We obtained an understanding of the legal and regulatory framework applicable to the company. The principal laws and regulations considered to have a direct effect on the financial statements included the Companies Act 2006 and UK tax legislation.

The company had no turnover or rental income during the year. We therefore concluded that the presumed fraud risk relating to revenue recognition was not applicable in the circumstances of this audit.

We identified management override of controls as the principal risk of material misstatement due to fraud. Our procedures in response to this risk included testing journal entries and other adjustments, reviewing accounting estimates and judgements for evidence of management bias, and assessing the business rationale and accounting treatment of significant and unusual transactions.

We also reviewed supporting evidence relating to the company’s leasehold interest, the arrangements under which UCK Limited pays rent directly to the landlord, the recoverability of amounts owed by group undertakings, the impairment assessment and the financial support provided by the parent company.

Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements arising from fraud or non-compliance with laws and regulations may not be detected, particularly where irregularities involve deliberate concealment, forgery, collusion or management override of controls

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

P Tengra (Senior Statutory Auditor)

for and on behalf of Mehta & Tengra

Chartered Accountants

Statutory Auditors

9 Berners Place

London

W1T 3AD

29 July 2026

TURNOVER

-

Administrative expenses

(23,669

)

(24,084

)

OPERATING LOSS and

LOSS BEFORE TAXATION

(23,669

)

(24,084

)

Tax on loss

5

-

LOSS FOR THE FINANCIAL YEAR

(23,669

)

(24,084

)

LOSS FOR THE YEAR

(23,669

)

(24,084

)

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

(23,669

)

(24,084

)

FIXED ASSETS

Tangible assets

6

124,164

143,503

CURRENT ASSETS

Debtors

7

257,364

258,814

CREDITORS

Amounts falling due within one year

8

(10,160

)

(7,280

)

NET CURRENT ASSETS

247,204

251,534

TOTAL ASSETS LESS CURRENT
LIABILITIES

371,368

395,037

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

10

371,367

395,036

SHAREHOLDERS' FUNDS

371,368

395,037

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

The financial statements were approved by the director and authorised for issue on 29 July 2026 and were signed by:

Dr A Rojeab - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 August 2023

1

419,120

419,121

Changes in equity

Total comprehensive income

-

(24,084

)

(24,084

)

Balance at 31 July 2024

1

395,036

395,037

Changes in equity

Total comprehensive income

-

(23,669

)

(23,669

)

Balance at 31 July 2025

1

371,367

371,368

1.	STATUTORY INFORMATION

London College 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.

Related party exemption

The company has taken advantage of the exemption in FRS 102 from separately disclosing qualifying transactions between wholly owned members of the UCK Limited group

Tangible fixed assets

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

Short leasehold - Over the term of the lease

Fixture and fittings - 15% on reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those asset have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Deferred tax

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

If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is recognised when income or expenses from an associate have been recognised, and will be assessed for tax in a future period, except where:

- it is probable that the timing difference will not reverse in the foreseeable future.

A deferred tax liability or asset is recognised for the additional tax that will be paid or avoided in respect of assets and liabilities that are recognised in a business combination. The amount attributed to goodwill is adjusted by the amount of deferred tax recognised.

Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

With the exception of changes arising on the initial recognition of a business combination , the tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. Deferred tax asset and deferred tax liabilities are offset only if:

- the company has a legally enforceable right to set off current tax assets against current tax liabilities, and

- the deferred tax asset and deferred tax liabilities relate to income taxes levied by the same taxation

authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Leasehold property occupied by a group undertaking

The company holds a leasehold interest in a property under a lease expiring on 26 January 2032. The property is occupied by the company’s parent undertaking, UCK Limited.

Under arrangements agreed with the landlord, rental invoices are issued directly to UCK Limited and are settled directly by UCK Limited. London College Limited does not receive rental income from UCK Limited and no rental expense has been recognised by the company during the year.

The leasehold interest is included within tangible fixed assets at cost less accumulated depreciation and any impairment losses. It is depreciated over the remaining term of the lease. At each reporting date, the director assesses whether there is any indication of impairment. No impairment was considered necessary at 31 July 2025.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

2025

2024

£

Director's remuneration

-

4.	OPERATING LOSS

The operating loss is stated after charging:

2025

2024

£

Depreciation - owned assets

19,339

19,666

Auditors' remuneration

2,880

5.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 July 2025 nor for the year ended 31 July 2024.

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

Loss before tax

(23,669

)

(24,084

)

Loss multiplied by the standard rate of corporation tax in the UK of
19% (2024 - 19%)

(4,497

)

(4,576

)

Effects of:

Expenses not deductible for tax purposes

3,736

Trading losses

761

840

Total tax charge

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

COST

At 1 August 2024

and 31 July 2025

262,349

40,907

303,256

DEPRECIATION

At 1 August 2024

131,174

28,579

159,753

Charge for year

17,490

1,849

19,339

At 31 July 2025

148,664

30,428

179,092

NET BOOK VALUE

At 31 July 2025

113,685

10,479

124,164

At 31 July 2024

131,175

12,328

143,503

The short leasehold is for 15 years from 27 January 2017 to 26 January 2032.

7.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Amounts owed by group undertakings

143,364

144,814

Amounts falling due after more than one year:

Rent deposit

114,000

Aggregate amounts

257,364

258,814

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Accruals and deferred income

4,330

-

Accrued expenses

5,830

7,280

10,160

7,280

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1

Ordinary

£1

1

10.

RESERVES

Retained

earnings

£

At 1 August 2024

395,036

Deficit for the year

(23,669

)

At 31 July 2025

371,367

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption in FRS 102 from disclosing transactions between wholly owned members of the group.

There were no other related party transactions to report.

12.	ULTIMATE PARENT COMPANY

London College Limited is a wholly owned subsidiary of UCK Limited, a company registered in England and Wales.

13.	GOING CONCERN

The financial statements have been prepared on a going-concern basis. The company does not currently generate trading or rental income and is dependent on the continuing financial support of its parent company, UCK Limited, to meet liabilities as they fall due.

UCK Limited has confirmed that it intends to provide sufficient financial support to the company for at least twelve months from the date on which these financial statements are authorised for issue. The director has reviewed the parent company’s financial position and cash-flow forecasts and is satisfied that UCK Limited has the ability to provide this support.