Company Registration No. 07982303 (England and Wales)
EDUCATION PERSONNEL MANAGEMENT HOLDINGS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
EDUCATION PERSONNEL MANAGEMENT HOLDINGS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EDUCATION PERSONNEL MANAGEMENT HOLDINGS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
5,205,315
5,205,315
Current assets
Cash at bank and in hand
60
146
Creditors: amounts falling due within one year
3
(963,890)
(1,661,168)
Net current liabilities
(963,830)
(1,661,022)
Total assets less current liabilities
4,241,485
3,544,293
Creditors: amounts falling due after more than one year
4
(1,249,494)
(1,413,152)
2,991,991
2,131,141
Capital and reserves
Called up share capital
5
702,855
702,855
Profit and loss account
2,289,136
1,428,286
Shareholders' funds
2,991,991
2,131,141
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 April 2016
J L Elliott
Director
Company Registration No. 07982303
EDUCATION PERSONNEL MANAGEMENT HOLDINGS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Investments
£
Cost
At 1 August 2014 & at 31 July 2015
5,205,315
At 31 July 2014
5,205,315
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Education Personnel Management Ltd
UK
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Education Personnel Management Ltd
Provision of personnel and payroll services to educational establishments
2,264,696
939,912
EDUCATION PERSONNEL MANAGEMENT HOLDINGS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £726,000 (2014 - £0).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £1,400,000).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
45,714,300 Ordinary shares of 1p each
457,143
457,143
24,571,200 B shares of 1p each
245,712
245,712
702,855
702,855