The Board considered it appropriate to align the Company's accounting reference date
with the academic year (31 July) to improve our readiness to respond to contract changes as Government funding, which represents the Group's principal source of funding, is awarded through annually renewable contracts on an academic year basis (from 1 August to 31 July).
The Company has now changed its accounting reference date
to the accounting reference date
of the Company (30 April) at which proposals
of incorporation, changed its accounting reference date
from 31 December
For example, if the company decides to change its accounting reference date
and forgets to tell Companies House, then the accounts will be consider late when they arrive on the new date.