REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 March 2021 |
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for |
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THE DEALMAKERS ACADEMY LTD |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 March 2021 |
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for |
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THE DEALMAKERS ACADEMY LTD |
THE DEALMAKERS ACADEMY LTD (REGISTERED NUMBER: 08903817) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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THE DEALMAKERS ACADEMY LTD |
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Company Information |
for the Year Ended 31 March 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
42 Lytton Road |
Barnet |
Hertfordshire |
EN5 5BY |
THE DEALMAKERS ACADEMY LTD (REGISTERED NUMBER: 08903817) |
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Balance Sheet |
31 March 2021 |
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31.3.21 | 31.3.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 DEALMAKERS ACADEMY LTD (REGISTERED NUMBER: 08903817) |
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Balance Sheet - continued |
31 March 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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THE DEALMAKERS ACADEMY LTD (REGISTERED NUMBER: 08903817) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2021 |
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1. | STATUTORY INFORMATION |
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The Dealmakers Academy Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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THE DEALMAKERS ACADEMY LTD (REGISTERED NUMBER: 08903817) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2020 |
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Additions |
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At 31 March 2021 |
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DEPRECIATION |
At 1 April 2020 |
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Charge for year |
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At 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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At 31 March 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.21 | 31.3.20 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.21 | 31.3.20 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 181,248 | 21,541 |
Other creditors |
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Directors' current accounts | 128,841 | - |
Accruals and deferred income |
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THE DEALMAKERS ACADEMY LTD (REGISTERED NUMBER: 08903817) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.21 | 31.3.20 |
£ | £ |
Bank loans - 1-2 years |
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Other loans more 5yrs non-inst | 387,000 | - |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.21 | 31.3.20 |
£ | £ |
Other loans | 357,000 | - |
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Other loans include a balance of £357,000 (2020: £nil) which is secured by floating charge over the assets of the company. |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.21 | 31.3.20 |
value: | £ | £ |
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ORDINARY A | £1 | 9,995 | 9,995 |
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ORDINARY B | £1 | 1 | 1 |
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ORDINARY C | £1 | 1 | 1 |
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ORDINARY D | £1 | 1 | 1 |
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ORDINARY E | £1 | 1 | 1 |
1 | ORDINARY F | £1 | 1 | 1 |
1 | ORDINARY G | £1 | 1 | - |
10,001 | 10,000 |
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The following shares were issued during the year for cash at par : |
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1 ORDINARY G share of £1 |
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10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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During the period, interest at 2.25% totalling £731 has been charged to the director overdrawn loan account. The directors loan account was fully repaid by the balance sheet date. |
THE DEALMAKERS ACADEMY LTD (REGISTERED NUMBER: 08903817) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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11. | RELATED PARTY DISCLOSURES |
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At the balance sheet date the company was owed £664,387 (2020: £292,628) by Welcome Day Nurseries Ltd, £nil (2020: £3,600) by LSJ Investment Holdings Ltd, and £51,014 (2020: £nil) by GM Jay Ltd. They are related parties by virtue of the fact that they are under common control. |
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As at the balance sheet date, included in creditors due within one year is £128,841 (2020:£nil) due and payable to the directors. The amount is due and payable on demand. |