Avon House Preparatory School Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08313104 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2022

for

Avon House Preparatory School Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D H Malyon

Mrs W J Terry

REGISTERED OFFICE:

14 Austin Friars

London

EC2N 2HE

REGISTERED NUMBER:

08313104 (England and Wales)

ACCOUNTANTS:

Pawley & Malyon

14 Austin Friars

London

EC2N 2HE

FIXED ASSETS

Tangible assets

4

120,192

91,643

CURRENT ASSETS

Debtors

131,043

159,941

Cash at bank and in hand

4,199

6,051

135,242

165,992

CREDITORS

Amounts falling due within one year

86,248

111,870

NET CURRENT ASSETS

48,994

54,122

TOTAL ASSETS LESS CURRENT LIABILITIES

169,186

145,765

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Retained earnings

6

168,186

144,765

SHAREHOLDERS' FUNDS

169,186

145,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2023 and were signed on its behalf by:

D H Malyon - Director

1.	Statutory information

Avon House Preparatory School 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

3.	Employees and directors

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

4.	Tangible fixed assets

Totals

£

Cost

At 1 September 2021

225,682

Additions

64,347

At 31 August 2022

290,029

Depreciation

At 1 September 2021

134,039

Charge for year

35,798

At 31 August 2022

169,837

Net book value

At 31 August 2022

120,192

At 31 August 2021

91,643

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/22

31/8/21

value:

£

£

1,000

Ordinary

1

1,000

1,000

6.

Reserves

Retained

earnings

£

At 1 September 2021

144,765

Profit for the year

23,421

At 31 August 2022

168,186