St George's England Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04236403 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018

FOR

ST GEORGE'S ENGLAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G H Sutton

SECRETARY:

Cassidys Secretarial Services Limited

REGISTERED OFFICE:

Broomham Hall

Rye Road

Guestling

Nr Hastings

East Sussex

TN35 4LT

REGISTERED NUMBER:

04236403 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

Roman Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

4

24,444

22,985

CURRENT ASSETS

Debtors

5

700,998

710,686

Cash at bank and in hand

332

514

701,330

711,200

CREDITORS

Amounts falling due within one year

6

429,251

199,542

NET CURRENT ASSETS

272,079

511,658

TOTAL ASSETS LESS CURRENT
LIABILITIES

296,523

534,643

PROVISIONS FOR LIABILITIES

1,543

-

NET ASSETS

294,980

534,643

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

294,978

534,641

SHAREHOLDERS' FUNDS

294,980

534,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

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 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 director on 24 May 2019 and were signed by:

G H Sutton - Director

1.	STATUTORY INFORMATION

St George's England 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

These financial statements for the year ended 31 August 2017 are the first financial statements of St George's

England Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK

and Republic of Ireland. The date of transition to FRS 102 was 1 September 2016. The reported financial position

and financial performance for the previous period are not affected by the transition to FRS 102.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 25% on reducing balance

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.

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 balance sheet date.

Deferred tax

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

sheet 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 year 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.

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.

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.

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards

(United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as

otherwise stated).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

45,445

Additions

12,228

At 31 August 2018

57,673

DEPRECIATION

At 1 September 2017

22,460

Charge for year

10,769

At 31 August 2018

33,229

NET BOOK VALUE

At 31 August 2018

24,444

At 31 August 2017

22,985

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

Trade debtors

120,879

83,351

Other debtors

580,119

627,335

700,998

710,686

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

Bank loans and overdrafts

8,693

327

Payments on account

72,033

88,485

Trade creditors

48,830

40,294

Taxation and social security

8,000

3,426

Other creditors

291,695

67,010

429,251

199,542

7.	RELATED PARTY DISCLOSURES

Wisdom Properties Limited

A company in which G Sutton the director has a controlling interest

During the year the company paid rent to the value of £73,000 (2017 - £73,000) to Wisdom Properties Limited.

31/08/2018

31/08/2017

£

Amount due from related party at the balance sheet date

563,920

613,920

Buckswood School Limited

A company owned by Wisdom Properties Limited

The company owed Buckswood School Limited the sum of £170,811 (2017 - £23,496). This is included in other

creditors.

31/08/2018

31/08/2017

£

Amount due to related party at the balance sheet date

170,811

23,496

Buckswood Overseas Summer School Limited

A company owned by Wisdom Properties Limited

The company owed Buckswood Overseas Summer School Limited the sum of £100,000 (2017 - £NIL). This is

included in other creditors.

31/08/2018

31/08/2017

£

Amount due to related party at the balance sheet date

100,000

NIL

St George's England Limited - Accounts to registrar (filleted) - small 18.2

St George's England Limited - Accounts to registrar (filleted) - small 18.2