Thornden School Services Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07781857 (England and Wales)

THORNDEN SCHOOL SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B G Clark

Ms M Collings

Ms A C Hunter

Mr A Parr

Mr P N Sampson

Miss S Whelan

Ms S A Langran

Mr M Siswick

Ms K Woods-Townsend

SECRETARY:

Mr C P Goodwin

REGISTERED OFFICE:

Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DW

REGISTERED NUMBER:

07781857 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Flood ACA

AUDITORS:

Hopper Williams & Bell Limited

Statutory Auditor

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

CURRENT ASSETS

Stocks

1,333

489

Debtors

4

4,862

2,907

Cash at bank and in hand

299,292

106,281

305,487

109,677

CREDITORS

Amounts falling due within one year

5

(146,128

)

(73,223

)

NET CURRENT ASSETS

159,359

36,454

TOTAL ASSETS LESS CURRENT LIABILITIES

159,359

36,454

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

159,358

36,453

SHAREHOLDERS' FUNDS

159,359

36,454

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2022 and were signed on its behalf by:

Mr A Parr - Director

1.	STATUTORY INFORMATION

Thornden School Services 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover in respect of lettings is recognised on an accruals basis.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

There is no liability to corporation tax.

Distributions

The company donates the profit that it achieves to its parent charity, HISP Multi Academy Trust Limited. The gift aid payment is recognised at the earlier of the date of payment or the date a legal obligation to make the payment exists.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

4,462

2,566

Other debtors

400

341

4,862

2,907

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

3,638

1,599

Taxation and social security

1,239

-

Other creditors

141,251

71,624

146,128

73,223

Other creditors includes £62,543 (2021: £58,543) of funds held on behalf of Thornden Tennis Club.

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

The Report of the Auditors was unqualified.

James Flood ACA (Senior Statutory Auditor)

for and on behalf of Hopper Williams & Bell Limited

7.	ULTIMATE CONTROLLING PARTY

The ultimate parent company and controlling party is HISP Multi Academy Trust Limited, a company limited by guarantee with its registered office at Thornden School, Winchester Road, Chandlers Ford, Eastleigh, Hampshire, SO53 2DW.