Languages Plus Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02614504 (England and Wales)

Financial Statements for the Year Ended 31 December 2017

for

Languages Plus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Sarno

REGISTERED OFFICE:

135 Kings Road

Brighton

East Sussex

BN1 2HX

REGISTERED NUMBER:

02614504 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

SOLICITORS:

Dean Wilson LLP

96 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Investments

3

4,997

4,997

CURRENT ASSETS

Debtors

4

844,893

698,386

CREDITORS

Amounts falling due within one year

5

8,117

13,497

NET CURRENT ASSETS

836,776

684,889

TOTAL ASSETS LESS CURRENT LIABILITIES

841,773

689,886

CREDITORS

Amounts falling due after more than one year

6

860,507

704,236

NET LIABILITIES

(18,734

)

(14,350

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

(18,834

)

(14,450

)

SHAREHOLDERS' FUNDS

(18,734

)

(14,350

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 18 December 2018 and were signed by:

M Sarno - Director

1.	STATUTORY INFORMATION

Languages Plus Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is part of a group of language schools and will continue to be supported by group companies.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in

operational existence for the foreseeable future. The validity of this assumption depends on the group and associated

companies mentioned above not requiring repayment of the loans in the near future. The financial statements do not

include any adjustments that would result if these amounts were due for repayment on demand.

The director believes that it is appropriate for the financial statements to be prepared on the going concern basis.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2017

and 31 December 2017

4,997

NET BOOK VALUE

At 31 December 2017

4,997

At 31 December 2016

4,997

4.

DEBTORS

31.12.17

31.12.16

£

£

Amounts falling due within one year:

Other debtors

100

100

Amounts falling due after more than one year:

Amounts owed by group undertakings

844,793

698,286

Aggregate amounts

844,893

698,386

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Taxation and social security

-

100

Other creditors

8,117

13,397

8,117

13,497

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Amounts owed to group undertakings

860,507

704,236

7.

RESERVES

Retained

earnings

£

At 1 January 2017

(14,450

)

Deficit for the year

(4,384

)

At 31 December 2017

(18,834

)

8.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities

of Financial Reporting Standard 102.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Sarno.