Company No: 13731242 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

		31.03.2023		31.03.2022
		£		£
Current assets
Debtors	3	12,108		206
Cash at bank and in hand		3,612		1,134
		15,720		1,340
Creditors: amounts falling due within one year	4	( 91,143)		( 4,224)
Net current liabilities		(75,423)		(2,884)
Total assets less current liabilities		(75,423)		(2,884)
Net liabilities		( 75,423)		( 2,884)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 75,523 )		( 2,984 )
Total shareholder's deficit		( 75,423)		( 2,884)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Thirst Learning Limited (registered number: 13731242) were approved and authorised for issue by the Director on 02 November 2023. They were signed on its behalf by:

S F Thompson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Thirst Learning Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Towers The Towers Business Park, Wilmslow Road, Manchester, M20 2SL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows t the date of approving these financial statements. The director notes that the business has net liabilities of £75,423 (2022: £2,884). The company is supported through loans from the parent company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	Year ended 31.03.2023		Period from 09.11.2021 to 31.03.2022
	Number		Number
Monthly average number of persons employed by the Company during the year, The director did not receive any remuneration during the year (2022: £Nil).	0		0

3. Debtors

	31.03.2023		31.03.2022
	£		£
Other debtors	12,108		206

4. Creditors: amounts falling due within one year

	31.03.2023		31.03.2022
	£		£
Trade creditors	5,746		324
Amounts owed to Parent undertakings	84,647		3,150
Other creditors	750		750
	91,143		4,224

5. Ultimate controlling party

The ultimate parent company is BuildEmpire Limited, a company registered in England and Wales, company number 04388820, which owns 100% of the called up share capital.

There is no overall controlling party.