Churchill House School of English - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01024620 (England and Wales)

Financial Statements For The Year Ended 31st December 2018

for

Churchill House School of English

Language Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R.A.P Stickland

SECRETARY:

A. S. Prasse

REGISTERED OFFICE:

42 Spencer Square

Ramsgate

Kent

CT11 9EQ

REGISTERED NUMBER:

01024620 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

196,441

199,214

Investments

6

2

2

196,443

199,216

CURRENT ASSETS

Debtors

7

2,862,425

2,643,247

Cash in hand

2,382

901

2,864,807

2,644,148

CREDITORS

Amounts falling due within one year

8

2,048,654

1,629,977

NET CURRENT ASSETS

816,153

1,014,171

TOTAL ASSETS LESS CURRENT LIABILITIES

1,012,596

1,213,387

CREDITORS

Amounts falling due after more than one year

9

(64,691

)

(76,260

)

PROVISIONS FOR LIABILITIES

(34,039

)

(38,990

)

NET ASSETS

913,866

1,098,137

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

903,866

1,088,137

SHAREHOLDERS' FUNDS

913,866

1,098,137

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 applicable to companies subject to the small companies regime.

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 25th September 2019 and were signed by:

R.A.P Stickland - Director

1.	STATUTORY INFORMATION

Churchill House School of English Language 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.

Turnover

Turnover is the total amount receivable by the company for goods supplied and services provided, excluding

value added tax and trade discounts.

Goodwill

Purchased goodwill is recognised as an asset in the balance sheet. Goodwill which is generated by the activities

of the company is not recognised as an asset in the balance sheet and the associated costs are written off to the

profit and loss account when they are incurred.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

2% on cost of buildings

Plant and machinery etc

-

10% - 20% on reducing balance and 10% - 33.33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Deferred government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to

the profit and loss account over the estimated useful life of the assets to which they relate.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The financial statements have been prepared on the going concern basis after consideration of the following:

The director considers that the company's ability to generate sufficient cash to settle its liabilities as and when

they fall due is unimpaired by the lack of repayments made by the subsidiary; and with the continued support of

the company's director and bankers, the going concern basis is appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2017 - 60 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2018

and 31st December 2018

16,876

AMORTISATION

At 1st January 2018

and 31st December 2018

16,876

NET BOOK VALUE

At 31st December 2018

-

At 31st December 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2018

270,712

387,262

657,974

Additions

-

22,557

22,557

At 31st December 2018

270,712

409,819

680,531

DEPRECIATION

At 1st January 2018

118,958

339,802

458,760

Charge for year

5,412

19,918

25,330

At 31st December 2018

124,370

359,720

484,090

NET BOOK VALUE

At 31st December 2018

146,342

50,099

196,441

At 31st December 2017

151,754

47,460

199,214

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2018

and 31st December 2018

2

NET BOOK VALUE

At 31st December 2018

2

At 31st December 2017

2

Cornwallis Lloyd Estates Limited Nature of business: Provision of leisure facilities Holding: 100% of ordinary

share capital Aggregate capital and reserves - £(2,321,156) (2017: £(2,250,378)) Profit/(loss) for the year -

£(70,778) (2017: £14,484).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

2,825,261

2,585,649

Other debtors and prepayments

37,164

57,598

2,862,425

2,643,247

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

287,874

280,726

Trade creditors

13,431

24,879

Taxation and social security

13,321

25,355

Other creditors and accruals

1,734,028

1,299,017

2,048,654

1,629,977

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

64,691

76,260

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

15,159

27,939

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

76,323

87,605

The bank loan is secured by a first legal charge on the freehold property and a debenture over all other assets.

11.	RELATED PARTY DISCLOSURES