City Academy (IP) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08895252

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		65,911		50,035
Tangible Assets	5		38,609		49,007
Investments	6		-		80,400

			104,520		179,442
CURRENT ASSETS
Debtors	7	126,582		203,788
Cash at bank and in hand		7,831		4,275

		134,413		208,063
Creditors: Amounts Falling Due Within One Year	8	(413,335 )		(446,738 )

NET CURRENT ASSETS (LIABILITIES)			(278,922 )		(238,675 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(174,402 )		(59,233 )

Creditors: Amounts Falling Due After More Than One Year	9		(19,300 )		(29,493 )

NET LIABILITIES			(193,702 )		(88,726 )

CAPITAL AND RESERVES
Called up share capital	10		285		285
Share premium account			59,992		59,992
Profit and Loss Account			(253,979 )		(149,003 )

SHAREHOLDERS' FUNDS			(193,702)		(88,726)

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City Academy (IP) Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Ward Director	Ms Susan Young Director
29/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

City Academy (IP) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08895252 . The registered office is 10 Herbal Hill, Clerkenwell, London, England, EC1R 5EG.

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. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are websites development. It is amortised to profit and loss account over its estimated economic life of 10 years.

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 at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% reducing balance method
Computer Equipment	25% reducing balance method

3. Average Number of Employees

Average number of employees, including directors, during the year was 2 (2025: 4)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2025	5,262	62,110	67,372
Additions	-	22,100	22,100

As at 31 March 2026	5,262	84,210	89,472

Amortisation
As at 1 April 2025	5,262	12,075	17,337
Provided during the period	-	6,224	6,224

As at 31 March 2026	5,262	18,299	23,561

Net Book Value
As at 31 March 2026	-	65,911	65,911

As at 1 April 2025	-	50,035	50,035

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City Academy (IP) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	85,607	450,457	536,064
Additions	1,901	280	2,181

As at 31 March 2026	87,508	450,737	538,245

Depreciation
As at 1 April 2025	80,015	407,042	487,057
Provided during the period	1,655	10,924	12,579

As at 31 March 2026	81,670	417,966	499,636

Net Book Value
As at 31 March 2026	5,838	32,771	38,609

As at 1 April 2025	5,592	43,415	49,007

6. Investments

	Other
	£
Cost or Valuation
As at 1 April 2025	80,400

As at 31 March 2026	80,400

Provision
As at 1 April 2025	-
Impairment losses	80,400

As at 31 March 2026	80,400

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	80,400

7. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	8,250	-
Amounts owed by subsidiaries	118,332	203,788

	126,582	203,788

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City Academy (IP) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	27,527	9,198
Other taxes and social security	1,926	480
Other creditors	8,500	36,000
Pension Payable	777	8,654
Accruals and deferred income	8,594	112,208
Directors' loan accounts	115,223	2,295
Amounts owed to subsidiaries	-	10,212
Amounts owed to associates	250,788	267,691

	413,335	446,738

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loan	19,300	29,493

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	285	285

11. Related Party Transactions

As at Year Ending 31 March 2026 City Academy (IP) Limited owed £118,332 (2025 : £203,788) from City Academy (Arts) Limited (wholly owned subsidiary) and other than this City Academy (Community) CIC Ltd owed from City Academy (IP) Ltd amount of £250,788.

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