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

REGISTERED NUMBER: 04236403 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

ST GEORGE'S ENGLAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G H Sutton

REGISTERED OFFICE:

Broomham Hall

Rye Road

Guestling

East Sussex

TN35 4LT

REGISTERED NUMBER:

04236403 (England and Wales)

ACCOUNTANTS:

Calcutt Matthews WBZ Ltd

Chartered Accountants

19 North Street

Ashford

Kent

TN24 8LF

FIXED ASSETS

Tangible assets

4

3,626

13,830

CURRENT ASSETS

Debtors

5

608,783

620,860

Cash at bank

10,429

4,400

619,212

625,260

CREDITORS

Amounts falling due within one year

6

949,435

929,318

NET CURRENT LIABILITIES

(330,223

)

(304,058

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(326,597

)

(290,228

)

PROVISIONS FOR LIABILITIES

335

2,196

NET LIABILITIES

(326,932

)

(292,424

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(326,934

)

(292,426

)

SHAREHOLDERS' FUNDS

(326,932

)

(292,424

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 and authorised for issue on 20 June 2021 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

-

25% on cost

Motor vehicles

-

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 3 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 September 2019

and 31 August 2020

55,273

2,400

57,673

DEPRECIATION

At 1 September 2019

42,202

1,641

43,843

Charge for year

10,014

190

10,204

At 31 August 2020

52,216

1,831

54,047

NET BOOK VALUE

At 31 August 2020

3,057

569

3,626

At 31 August 2019

13,071

759

13,830

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

Trade debtors

55,396

59,811

Other debtors

553,387

561,049

608,783

620,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

Payments on account

2,750

14,037

Trade creditors

22,619

40,369

Taxation and social security

8,548

10,418

Other creditors

915,518

864,494

949,435

929,318

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 £6,083 (2019 - £73,000) to Wisdom Properties Limited.

31/08/2020

31/08/2019

£

Amount due from related party at the balance sheet date

551,961

Buckswood School Limited

A company owned by Wisdom Properties Limited

The company owed Buckswood School Limited the sum of £759,284 (2019 - £759,284). This is included in other creditors.

31/08/2020

31/08/2019

£

Amount due to related party at the balance sheet date

809,331

759,284

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 (2019 - £100,00). This is included in other creditors.

31/08/2020

31/08/2019

£

Amount due to related party at the balance sheet date

100,000

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

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