The Dealmakers Academy Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08903817 (England and Wales)

Financial Statements

for the Year Ended 31 March 2022

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

Intangible assets

4

2,700,000

-

Tangible assets

5

652

440

Investments

6

1

-

2,700,653

440

CURRENT ASSETS

Debtors

7

455,867

1,165,401

Cash at bank

45,468

918,175

501,335

2,083,576

CREDITORS

Amounts falling due within one year

8

408,947

1,193,149

NET CURRENT ASSETS

92,388

890,427

TOTAL ASSETS LESS CURRENT LIABILITIES

2,793,041

890,867

CREDITORS

Amounts falling due after more than one year

9

1,043,993

437,000

NET ASSETS

1,749,048

453,867

CAPITAL AND RESERVES

Called up share capital

11

10,001

10,001

Retained earnings

1,739,047

443,866

SHAREHOLDERS' FUNDS

1,749,048

453,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 30 December 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 2 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

3,000,000

At 31 March 2022

3,000,000

AMORTISATION

Charge for year

300,000

At 31 March 2022

300,000

NET BOOK VALUE

At 31 March 2022

2,700,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2021

866

Additions

407

At 31 March 2022

1,273

DEPRECIATION

At 1 April 2021

426

Charge for year

195

At 31 March 2022

621

NET BOOK VALUE

At 31 March 2022

652

At 31 March 2021

440

6.	FIXED ASSET INVESTMENTS

Other

investme

£

COST

Additions

1

At 31 March 2022

1

NET BOOK VALUE

At 31 March 2022

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Amounts owed by group undertakings

-

715,401

Other debtors

450,000

450,000

Prepayments and accrued income

5,867

-

455,867

1,165,401

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

18,634

7,714

Tax

(249,355

)

119,746

Social security and other taxes

509

-

VAT

64,173

181,248

Other creditors

51,773

-

Directors' current accounts

514,413

128,841

Accruals and deferred income

8,800

755,600

408,947

1,193,149

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans - 1-2 years

1,043,993

50,000

Other loans more 5yrs non-inst

-

387,000

1,043,993

437,000

31.3.22

31.3.21

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

-

387,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.22

31.3.21

£

£

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.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

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

1

10,001

10,001

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £Nil (2021: £664,387) by Welcome Day Nurseries Ltd and £Nil (2021: £51,014) 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 £514,413 (2021:£128,841) due and payable to the directors. The amount is due and payable on demand.