Company No:
Contents
DIRECTORS | Mr J Ellison |
Mr M Horner | |
Mr K Raichura |
REGISTERED OFFICE | Sigma House Oak View Close |
Edginswell Park | |
Torquay | |
TQ2 7FF | |
United Kingdom |
COMPANY NUMBER | 11687095 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Sigma House | |
Oak View Close | |
Edginswell Park | |
Torquay | |
Devon TQ2 7FF |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Intangible assets | 3 |
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98,295 | 111,482 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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244,111 | 143,268 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current liabilities | (6,594) | (143,117) | ||
Total assets less current liabilities | 91,701 | (31,635) | ||
Provision for liabilities |
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Net assets/(liabilities) |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account |
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Total shareholder's funds/(deficit) |
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Directors' responsibilities:
The financial statements of Class Manager Limited (registered number:
Mr M Horner
Director |
Mr J Ellison
Director |
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Mr K Raichura
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Class Manager 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 Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, 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 £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Computer software |
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Trademarks, patents and licences |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Computer software | Trademarks, patents and licences |
Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 March 2021 |
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At 28 February 2022 |
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Accumulated amortisation | |||||
At 01 March 2021 |
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Charge for the financial year |
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At 28 February 2022 |
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Net book value | |||||
At 28 February 2022 |
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At 28 February 2021 |
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2022 | 2021 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Other debtors |
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2022 | 2021 | ||
£ | £ | ||
Amounts owed to Group undertakings |
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Corporation tax |
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Other taxation and social security |
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Other creditors |
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2022 | 2021 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Other related party transactions
2022 | 2021 | ||
£ | £ | ||
Owed to Parent company - Raviga Holdings Ltd | 200,000 | 200,000 | |
Owed to/(by) Group company - Raviga Group Ltd | (127,851) | 68,399 |
All loans were interest free and repayable on demand.
Parent Company:
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