Connaught House School Limited Filleted accounts for Companies House (small and micro)

CONNAUGHT HOUSE SCHOOL LIMITED - Company Information

24 false false false false false false false false false true false false true true true true true true true true No description of principal activity 2020-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 27,519 25,423 699 26,122 1,397 2,096 262,949 1,496 264,445 224,446 5,083 229,529 34,916 38,503 xbrli:pure xbrli:shares iso4217:GBP 00605296 2020-08-01 2021-07-31 00605296 2021-07-31 00605296 2020-07-31 00605296 2019-08-01 2020-07-31 00605296 2020-07-31 00605296 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-08-01 2021-07-31 00605296 core:FurnitureFittings 2020-08-01 2021-07-31 00605296 bus:Director5 2020-08-01 2021-07-31 00605296 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-07-31 00605296 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-07-31 00605296 core:FurnitureFittings 2020-07-31 00605296 core:FurnitureFittings 2021-07-31 00605296 core:WithinOneYear 2021-07-31 00605296 core:WithinOneYear 2020-07-31 00605296 core:ShareCapital 2021-07-31 00605296 core:ShareCapital 2020-07-31 00605296 core:RetainedEarningsAccumulatedLosses 2021-07-31 00605296 core:RetainedEarningsAccumulatedLosses 2020-07-31 00605296 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-07-31 00605296 core:FurnitureFittings 2020-07-31 00605296 bus:SmallEntities 2020-08-01 2021-07-31 00605296 bus:AuditExemptWithAccountantsReport 2020-08-01 2021-07-31 00605296 bus:FullAccounts 2020-08-01 2021-07-31 00605296 bus:SmallCompaniesRegimeForAccounts 2020-08-01 2021-07-31 00605296 bus:PrivateLimitedCompanyLtd 2020-08-01 2021-07-31

COMPANY REGISTRATION NUMBER: 00605296

CONNAUGHT HOUSE SCHOOL LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2021

CONNAUGHT HOUSE SCHOOL LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

CONNAUGHT HOUSE SCHOOL LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2021

	2021		2020
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	1,397	2,096
Tangible assets	6	34,916	38,503
		--------	--------
		36,313	40,599

CURRENT ASSETS

Debtors	7	121,070	63,558
Cash at bank and in hand		519,231	563,347
		---------	---------
		640,301	626,905

CREDITORS: amounts falling due within one year	8	( 279,599)		( 297,412)
		---------		---------
NET CURRENT ASSETS			360,702		329,493
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			397,015		370,092
			---------		---------
NET ASSETS			397,015		370,092
			---------		---------

CAPITAL AND RESERVES

Called up share capital	1,000	1,000
Profit and loss account	396,015	369,092
	---------	---------
SHAREHOLDERS FUNDS	397,015	370,092
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

CONNAUGHT HOUSE SCHOOL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2021

These financial statements were approved by the board of directors and authorised for issue on 5 April 2022 , and are signed on behalf of the board by:

Mrs V Hampton

Director

Company registration number: 00605296

CONNAUGHT HOUSE SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 47 Connaught Square, London, W2 2HL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Leasehold	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2020: 23 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 August 2020 and 31 July 2021	27,519
	--------
Amortisation
At 1 August 2020	25,423
Charge for the year	699
	--------
At 31 July 2021	26,122
	--------
Carrying amount
At 31 July 2021	1,397
	--------
At 31 July 2020	2,096
	--------

6. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 August 2020	262,949	262,949
Additions	1,496	1,496
	---------	---------
At 31 July 2021	264,445	264,445
	---------	---------
Depreciation
At 1 August 2020	224,446	224,446
Charge for the year	5,083	5,083
	---------	---------
At 31 July 2021	229,529	229,529
	---------	---------
Carrying amount
At 31 July 2021	34,916	34,916
	---------	---------
At 31 July 2020	38,503	38,503
	---------	---------

7. Debtors

	2021	2020
	£	£
Other debtors	121,070	63,558
	---------	--------

8. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	56,038	9,951
Corporation tax	18,025	31,178
Social security and other taxes	20,889	33,572
Other creditors	184,647	222,711
	---------	---------
	279,599	297,412
	---------	---------