Page 90 - Annual Review - Year Ended 31 July 2023

Notes to the the financial statements for the the year ended 31 July 2023
5 Subsidiary undertakings continued Results per subsidiary
financial statements £
Turnover 701 376
Consolidation entries £
- - - - 10 000
10 000
10 000
717 239
727 239
Period ended 31 July 2023
£
701 376
- (40 769)
660 607 (264 036)
396 571
396 571
- 396 571
2023
££
c College Guardians Limited
The College owns 100% of the total ordinary share share capital consisting of 1 ordinary share share of of £1 00 each of of College Guardians Limited
(Company no: 13602217) which is engaged
in in the business of guardianship services The company commenced trading on 3 September 2021 The subsidiary
donates most or all of its fits taxable profits to the College each year Its trading results for the year to 31 July 2023
as extracted from the audited financial statements are summarised in the above left table The assets and liabilities of the subsidiary
College Guardians Limited
are summarised in the below left table Period ended 31 July 2022* £
581 284 - (32 501)
548 783 (218 115)
330 668
330 668
- 330 668
Inter-group income Cost of sales
Operating profit Profit before tax and Gift Aid
Gift Aid
Retained profit * After consolidation adjustments
Current assets Creditors: amounts falling due within one year Net current assets Representing:
Share capital Profit and loss account
Total shareholders funds
- (40 769)
660 607 Administration (274 036)
Gross profit 386 571
386 571
(717 239)
(330 668)
951 835 (951 834)
1 1 - 1 803 632 (472 963)
330 669
1 330 668
330 669
2022 90 MALVERN COLLEGE (INCORPORATED UNDER ROYAL CHARTER)