Bristol International College Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11941926 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2021

FOR

BRISTOL INTERNATIONAL COLLEGE LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

CURRENT ASSETS

Cash at bank

2,149

5,331

CREDITORS

Amounts falling due within one year

70,036

295,071

NET CURRENT LIABILITIES

(67,887

)

(289,740

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(67,887

)

(289,740

)

CREDITORS

Amounts falling due after more than one year

281,542

-

NET LIABILITIES

(349,429

)

(289,740

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Retained earnings

5

(349,529

)

(289,840

)

SHAREHOLDERS' FUNDS

(349,429

)

(289,740

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 26th May 2022 and were signed on its behalf by:

R W Moss - Director

J E Milne - Director

1.	STATUTORY INFORMATION

Bristol International College Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11941926

Registered office:

1 Berkeley Square

Bristol

BS8 1HL

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts have been prepared on the going concern basis due to the expressed continued support being given by the two associated companies who between them have ultimate control.

Turnover

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

Financial instruments

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially as transaction value and subsequently measured at their settlement value. The company has no bank loans or other more complex financial instruments that require measurement at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.21

31.8.20

value:

£

£

100

Ordinary

£1

100

100

5.

RESERVES

Retained

earnings

£

At 1st September 2020

(289,840

)

Deficit for the year

(59,689

)

At 31st August 2021

(349,529

)

6.	RELATED PARTY DISCLOSURES

Included in creditors falling due after more than one year after the balance sheet date are loans from Constellation Group Limited and Experio Life Limited. At the balance sheet date the company owed £281,541in total. The loans are unsecured and do not attract interest.

Both companies have expressed their continued support.

7.	ULTIMATE CONTROLLING PARTY

The day to day control of the company is with the directors who also have ultimate control through their ownership of Constellation Group Limited and Experio Life Limited. Constellation Group Limited and Experio Life Limited each own 50% of the issued share capital in the company.