1.
General Information
London School of Academics is a private company, limited by shares, incorporated in ENGLAND/WALES, registered number 07183230. The registered office is Ceme Campus, Marsh Way, Rainham, Essex, England, RM13 8EU.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The financial statements have been prepared on the basis that the company will receive continued financial support from the director, if required and the company has adequate resources to continue in operational existence for the foreseeable future.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the college course.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Motor Vehicles |
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| Fixtures & Fittings |
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2.5.
Leasing and Hire Purchase Contracts
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2.6.
Stocks and Work in Progress
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7.
Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
London School of Academics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.8.
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.
2.9.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.11.
Provisions and Contingencies
Provisions
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.
Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.
Contingencies
Contingent liabilities are not recognised. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the company’s control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote.
Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an inflow of economic benefits is probable.
2.12.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
London School of Academics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.13.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.14.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.15.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3.
Turnover
Analysis of turnover by class of business is as follows:
Fee income from taught awards amounts to £944,437 (2025 - £532,308)
4.
Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
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5.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
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| Social security costs |
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| Other pension costs |
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No member of staff, including the director is paid over a full-time equivalent basic salary of £100,000 per annum.
The provider also has not made any severance payments nor paid any compensation for loss of office to any staff member during the year.
6.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| Director-The head of the provider |
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| Academic |
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| Non-Academic |
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London School of Academics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
7.
Directors' remuneration
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
|
|
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Head of the provider's remuneration
|
2026
|
2025
|
||
|
£
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£
|
||
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Salaries
|
8,628
|
8,628
|
|
|
Pension Contribution
|
14,880
|
14,880
|
|
|
Dividends
|
251,881
|
204,357
|
|
|
Other taxable benefits-Company Car
|
7,401
|
4,611
|
|
|
Other taxable benefits-Medical Insurance
|
2,152
|
1,478
|
|
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284,942
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233,954
|
8.
Tax on Profit
The tax charge on the profit for the year was as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Current tax | |||
| UK Corporation Tax |
|
|
|
| Deferred Tax | |||
| Deferred taxation |
|
( |
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| Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Profit before tax | 433,702 | 32,375 | |
| Tax on profit at 25% (UK standard rate) |
|
|
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| Expenses not deductible for tax purposes |
|
|
|
| Capital allowances |
( |
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| Short term timing differences |
|
|
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| Difference in tax rates |
|
|
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| Total tax charge for the period | 107,415 | - | |
London School of Academics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
9.
Tangible Assets
| Motor Vehicles | Fixtures & Fittings | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 April 2025 |
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| Additions |
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| Disposals |
( |
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( |
| As at 31 March 2026 |
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| Depreciation | |||
| As at 1 April 2025 |
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| Provided during the period |
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| Disposals |
( |
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( |
| As at 31 March 2026 |
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| Net Book Value | |||
| As at 31 March 2026 |
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| As at 1 April 2025 |
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10.
Debtors
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 42,276 | 20,474 | |
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11.
Creditors: Amounts Falling Due Within One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Other creditors | 7,536 | 12,242 | |
| Taxation and social security |
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12.
Deferred Taxation
The provision for deferred tax is made up as follows:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Accelerated capital allowances |
|
- | |
London School of Academics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
14.
Other Commitments
Total future minimum payments under non-cancellable operating:
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
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15.
Post Balance Sheet Events
There have been no such events after the balance sheet date which needs to be reported.
16.
Related Party Disclosures
Sheila Singh and Soni Singh are the related parties and their salaries and dividends are disclosed in the accounts.
Included within other debtors is a loan to director of £20,000 (2025 - Nil) which was returned on 22/05/2026.
17.
Controlling Parties
Sheila Singh is the ultimate controlling party.
18.
FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.