ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01falseeducational courses and information provision of naturopathic practice, occupation and treatmenttruetruefalse 14176857 2022-07-31 14176857 2022-08-01 2023-07-31 14176857 2021-08-01 2022-07-31 14176857 2023-07-31 14176857 c:Director2 2022-08-01 2023-07-31 14176857 d:CurrentFinancialInstruments 2023-07-31 14176857 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14176857 d:ShareCapital 2023-07-31 14176857 d:RetainedEarningsAccumulatedLosses 2023-07-31 14176857 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 14176857 c:FRS102 2022-08-01 2023-07-31 14176857 c:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 14176857 c:AbridgedAccounts 2022-08-01 2023-07-31 14176857 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 14176857 2 2022-08-01 2023-07-31 14176857 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 14176857

ANP EDUCATION LTD

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023


ANP EDUCATION LTD

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ANP EDUCATION LTD
FOR THE YEAR ENDED 31 JULY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ANP Education Ltd for the year ended 31 July 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of ANP Education Ltd, as a body, in accordance with the terms of our engagement letter dated June 2022. Our work has been undertaken solely to prepare for your approval the financial statements of ANP Education Ltd and state those matters that we have agreed to state to the Board of directors of ANP Education Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ANP Education Ltd and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that ANP Education Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ANP Education Ltd. You consider that ANP Education Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of ANP Education Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

DMC Partnership Limited

Chartered Accountants

Yew Tree House

Lewes Road

Forest Row

East Sussex

RH18 5AA

12 March 2024

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ANP EDUCATION LTD REGISTERED NUMBER:14176857

BALANCE SHEET

AS AT 31 JULY 2023

		2023
Note		£


Current assets
Cash at bank and in hand	4	12,144
		12,144
Creditors: amounts falling due within one year	5	(10,256)
Net current assets			1,888
Total assets less current liabilities			1,888
Net assets			1,888

Capital and reserves
Called up share capital			100
Profit and loss account			1,788
Shareholders' funds			1,888

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 directors acknowledge their 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 statement of income and retained earnings 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 12 March 2024.

N A Jackson

Director

The notes on pages 3 to 6 form part of these financial statements.

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ANP EDUCATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

1.	General information

The company was incorporated on 16 June 2022 and commenced trading on 28 February 2023.
The registered office is located at Yew Tree House, Lewes Road, Forest Row, England, RH18 5AA
The company’s principal activity is that of educational courses and information provision of naturopathic practice, occupation and treatment.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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ANP EDUCATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

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.

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The

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ANP EDUCATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

2.7

Financial instruments (continued)

impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including directors, during the year was 2.

4.	Cash and cash equivalents
		2023
		£

	Cash at bank and in hand	12,144
		12,144

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ANP EDUCATION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

5.	Creditors: Amounts falling due within one year
		2023
		£

	Trade creditors	2,020
	Corporation tax	419
	Other creditors	5,794
	Accruals and deferred income	2,023
		10,256

6.	Financial instruments
		2023
		£

	Financial assets
	Financial assets measured at fair value through profit or loss	12,144

Financial assets measured at fair value through profit or loss comprise solely of cash at bank.

7.	Related party transactions
	Included in other creditors is a loan from Association of Naturopathic Practitioners amounting to £(5,794). A company in which both directors are the same.

8.	Controlling party

The company was controlled throughout the current and previous period by its directors, Mrs N Jackson and Mr H Keppler, by virtue of the fact that between them they own all of the company’s ordinary issued share capital.

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