Contents of the Financial Statements

for the Period Ended 31 December 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Directors

The directors shown below have held office during the period of
29 July 2021 to 31 December 2021

C R Oppenheim
R J Osborne

The directors shown below have held office during the whole of the period from
5 May 2021 to 31 December 2021

J Hillman
I Hanham

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 May 2022

And signed on behalf of the board by:
Name: J Hillman
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2021

	8 months to 31 December 2021
	£
Turnover:	0
Gross profit(or loss):	0
Administrative expenses:	( 4,299,000 )
Other operating income:	4,086,000
Operating profit(or loss):	(213,000)
Profit(or loss) before tax:	(213,000)
Profit(or loss) for the financial year:	(213,000)

Balance sheet

As at 31 December 2021

	Notes	8 months to 31 December 2021
		£
Current assets
Stocks:	3	11,000
Cash at bank and in hand:		2,071,000
Total current assets:		2,082,000
Net current assets (liabilities):		2,082,000
Total assets less current liabilities:		2,082,000
Creditors: amounts falling due after more than one year:	4	( 2,295,000 )
Total net assets (liabilities):		(213,000)
Members' funds
Profit and loss account:		(213,000)
Total members' funds:		( 213,000)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:Other Operating IncomeAll other operating income relates to grant income received from the Department of Education for the delivery of the Nuffield Early Language Intervention programme to schools. Income is accounted for in the financial statements on a receivable or accrued basis.

  Other accounting policies

  The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Notes to the Financial Statements

for the Period Ended 31 December 2021

• 2. Employees

  	8 months to 31 December 2021
  Average number of employees during the period	0

  12,000 recharged staff costs represent amounts recharged by the parent, Nuffield Foundation, for direct services provided by its staff.