The Dealmakers Academy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08903817 (England and Wales)

Financial Statements

for the Year Ended 31 March 2021

for

THE DEALMAKERS ACADEMY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Jay

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

08903817 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

440

203

CURRENT ASSETS

Debtors

5

1,165,401

746,228

Cash at bank

918,175

18,728

2,083,576

764,956

CREDITORS

Amounts falling due within one year

6

1,193,149

197,487

NET CURRENT ASSETS

890,427

567,469

TOTAL ASSETS LESS CURRENT LIABILITIES

890,867

567,672

CREDITORS

Amounts falling due after more than one year

7

437,000

-

NET ASSETS

453,867

567,672

CAPITAL AND RESERVES

Called up share capital

9

10,001

10,000

Retained earnings

443,866

557,672

SHAREHOLDERS' FUNDS

453,867

567,672

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2022 and were signed by:

Mr J Jay - Director

1.	STATUTORY INFORMATION

The Dealmakers Academy Ltd 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.

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.

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.

Plant and machinery etc

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2020

482

Additions

384

At 31 March 2021

866

DEPRECIATION

At 1 April 2020

279

Charge for year

147

At 31 March 2021

426

NET BOOK VALUE

At 31 March 2021

440

At 31 March 2020

203

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Amounts owed by group undertakings

715,401

296,228

Other debtors

450,000

450,000

1,165,401

746,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

7,714

1,358

Tax

119,746

70,075

Social security and other taxes

-

250

VAT

181,248

21,541

Other creditors

-

100,463

Directors' current accounts

128,841

-

Accruals and deferred income

755,600

3,800

1,193,149

197,487

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans - 1-2 years

50,000

-

Other loans more 5yrs non-inst

387,000

-

437,000

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

387,000

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.21

31.3.20

£

£

Other loans

357,000

-

Other loans include a balance of £357,000 (2020: £nil) which is secured by floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

9,995

ORDINARY A

£1

9,995

9,995

1

ORDINARY B

£1

1

1

1

ORDINARY C

£1

1

1

1

ORDINARY D

£1

1

1

1

ORDINARY E

£1

1

1

1

ORDINARY F

£1

1

1

1

ORDINARY G

£1

1

-

10,001

10,000

The following shares were issued during the year for cash at par :

1 ORDINARY G share of £1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period, interest at 2.25% totalling £731 has been charged to the director overdrawn loan account. The directors loan account was fully repaid by the balance sheet date.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £664,387 (2020: £292,628) by Welcome Day Nurseries Ltd, £nil (2020: £3,600) by LSJ Investment Holdings Ltd, and £51,014 (2020: £nil) by GM Jay Ltd. They are related parties by virtue of the fact that they are under common control.

As at the balance sheet date, included in creditors due within one year is £128,841 (2020:£nil) due and payable to the directors. The amount is due and payable on demand.