Walton Montessori Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08550928 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2017 TO 31 AUGUST 2018

FOR

WALTON MONTESSORI LIMITED

PREVIOUSLY KNOWN AS

STAGECOACH MONTESSORI SCHOOL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Mehta

Mrs H Lukha

REGISTERED OFFICE:

189 Stanmore Hill

Stanmore

England

HA7 3HA

REGISTERED NUMBER:

08550928 (England and Wales)

AUDITORS:

Kings Mill Partnership

Chartered Accountants and Statutory Auditors

75 Park Lane

Croydon

Surrey

CR9 1XS

FIXED ASSETS

Tangible assets

4

12,718

-

CURRENT ASSETS

Debtors

5

156,477

104,667

Cash at bank

5,540

62,077

162,017

166,744

CREDITORS

Amounts falling due within one year

6

89,582

41,238

NET CURRENT ASSETS

72,435

125,506

TOTAL ASSETS LESS CURRENT LIABILITIES

85,153

125,506

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

85,152

125,505

85,153

125,506

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 May 2019 and were signed on its behalf by:

Mr A Mehta - Director

1.	STATUTORY INFORMATION

Walton Montessori Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated

to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful

lives on the following basis:

Improvements to Long Leasehold Property

- 5% straight line

Plant & machinery

- 10% reducing balance

Fixtures and fittings

- 10% reducing balance

Computer equipment

- 20% reducing balance

Taxation

Taxation for the period 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.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Reporting period

The 2018 financial period has been extended to thirteen months. This is to align the company with the financial

period of the group it is a part of. As a result, the comparative amounts presented in the financial statements are

not entirely comparable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2017 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

4,835

8,147

12,982

At 31 August 2018

4,835

8,147

12,982

DEPRECIATION

Charge for period

54

210

264

At 31 August 2018

54

210

264

NET BOOK VALUE

At 31 August 2018

4,781

7,937

12,718

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

6,620

13,148

Other debtors

149,857

91,519

156,477

104,667

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

56,622

5,991

Taxation and social security

20,601

3,480

Other creditors

12,359

31,767

89,582

41,238

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Romit Basu (FCA) (Senior Statutory Auditor)

for and on behalf of Kings Mill Partnership

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party for the period was Mr A Mehta.

Mr A Mehta controls 100% of the share capital of Oakseal Ltd. which is the ultimate parent company of the

group.

The registered office of Oakseal Ltd. is 75 Park Lane, Croydon, Surrey, CR9 1XS.

The consolidated financial statements of the group are available to the public and may be obtained from

Companies House.

9.

CHARGES

There exists charges over the company's assets as follows:

- Fixed and floating charge over all property and undertaking of the company as per debenture dated 22nd

January 2019