Urdang Academy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08719394 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Urdang Academy Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

R E Pope

Miss S Urdang

REGISTERED OFFICE:

The Old Finsbury Town Hall

Rosebery Avenue

London

EC1R 4RP

REGISTERED NUMBER:

08719394 (England and Wales)

ACCOUNTANTS:

ACN Accountants

Chartered Certified Accountants

252-262 Romford Road

4th Floor

London

E7 9HZ

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Urdang Academy Limited for the year ended 31 August 2019 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Urdang Academy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Urdang Academy Limited and state those matters that we have agreed to state to the Board of Directors of Urdang Academy Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Urdang Academy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Urdang Academy Limited. You consider that Urdang Academy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Urdang Academy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

ACN Accountants

Chartered Certified Accountants

252-262 Romford Road

4th Floor

London

E7 9HZ

30 April 2020

FIXED ASSETS

Tangible assets

3

364

485

CURRENT ASSETS

Cash at bank

51

49,891

CREDITORS

Amounts falling due within one year

4

9,504

39,772

NET CURRENT (LIABILITIES)/ASSETS

(9,453

)

10,119

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,089

)

10,604

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(9,189

)

10,504

(9,089

)

10,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 April 2020 and were signed on its behalf by:

Miss S Urdang - Director

1.	STATUTORY INFORMATION

Urdang Academy 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2018

and 31 August 2019

1,148

DEPRECIATION

At 1 September 2018

663

Charge for year

121

At 31 August 2019

784

NET BOOK VALUE

At 31 August 2019

364

At 31 August 2018

485

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Amounts owed to group undertakings

7,629

27,846

Tax

-

10,351

Accruals and deferred income

1,875

1,575

9,504

39,772

5.	RELATED PARTY TRANSACTIONS

Urdang Limited

Dang Talent Limited is a wholly owned subsidiary of Urdang Limited.

At the balance sheet date Dang Talent Limited owed Urdang Limited £27,846 (2018: £27,846).

Urdang School Limited

Urdang School Limited is a sister company of Dang Talent Limited.

At the balance sheet date, Urdang school Limited owed £20,217 (2018: £Nil) to Dang Talent Limited.