ACCOUNTS - Final Accounts

KAPLAN CONSULTING & TRAINING LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31truetruetruetruetruetruetrueNo description of principal activity2021-01-0111true 03067257 2021-01-01 2021-12-31 03067257 2020-01-01 2020-12-31 03067257 2021-12-31 03067257 2020-12-31 03067257 c:Director1 2021-01-01 2021-12-31 03067257 d:Buildings d:ShortLeaseholdAssets 2021-01-01 2021-12-31 03067257 d:OfficeEquipment 2021-01-01 2021-12-31 03067257 d:CurrentFinancialInstruments 2021-12-31 03067257 d:CurrentFinancialInstruments 2020-12-31 03067257 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03067257 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 03067257 d:ShareCapital 2021-12-31 03067257 d:ShareCapital 2020-12-31 03067257 d:RetainedEarningsAccumulatedLosses 2021-12-31 03067257 d:RetainedEarningsAccumulatedLosses 2020-12-31 03067257 c:EntityNoLongerTradingButTradedInPast 2021-01-01 2021-12-31 03067257 c:FRS102 2021-01-01 2021-12-31 03067257 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 03067257 c:FullAccounts 2021-01-01 2021-12-31 03067257 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 03067257 4 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 03067257

KAPLAN CONSULTING & TRAINING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2021

KAPLAN CONSULTING & TRAINING LIMITED

REGISTERED NUMBER: 03067257

BALANCE SHEET

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	1,902,997		1,902,997
Creditors: amounts falling due within one year	6	(302,917)		(302,917)

Net assets			1,600,080		1,600,080

Capital and reserves
Called up share capital	2	2
Profit and loss account	1,600,078	1,600,078
	1,600,080	1,600,080

For the year ended 31 December 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2022.

Peter Houillon

Director

The notes on pages 2 to 5 form part of these financial statements.

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KAPLAN CONSULTING & TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

1.	General information

Kaplan Consulting & Training Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is 179 - 191 Borough High Street, London, SE1 1HR.
The principal activity of the Company, which was that of trading as one of the UK's leading organisers of legal training, ceased during the prior year.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company sold its business and assets during the year to 31 December 2020. The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the Company’s assets to net realisable value. The financial statements do not include any provision for the future costs of terminating the business of the Company except to the extent that such costs were committed at the balance sheet date.

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Graham Holdings Company as at 31 December 2021 and these financial statements may be obtained from the Company's director, 179 - 191 Borough High Street, London, SE1 1HR.

2.3

Going concern

As explained in Note 2.1 the financial statements have been prepared on a basis other than that of a going concern. No material adjustments were required under this change of basis.

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KAPLAN CONSULTING & TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Leasehold improvements	-	Over the term of the lease
				Office equipment	-	25% - 33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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KAPLAN CONSULTING & TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in 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 the Profit and loss account.

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 best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 2, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The director has made no judgements or key estimates.

4.	Director's remuneration
		2021	2020
		£	£

	Director's emoluments	-	21,736

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KAPLAN CONSULTING & TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2021

Debtors

					2021	2020
					£	£


Amounts owed by group undertakings	1,842,463	1,842,463
Other debtors	60,534	60,534
	1,902,997	1,902,997

Amounts owed from group undertakings are unsecured, non-interest bearing and repayable on demand.

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

	Amounts owed to group undertakings	302,917	302,917

Amounts owed to group undertakings are unsecured, non-interest bearing and repayable on demand.

7.	Related party transactions
	The Company has taken advantage of the exemption under FRS 102 paragraph 1.12 and paragraph 33.1A from disclosing transactions with key management and from other related party transactions with other companies wholly owned within the Group.

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