CLEVELANDS PREP SCHOOL LIMITED - Accounts to registrar (filleted) - small 23.1.2
CLEVELANDS PREP SCHOOL LIMITED - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 August 2022 |
| for |
| CLEVELANDS PREP SCHOOL LIMITED |
| CLEVELANDS PREP SCHOOL LIMITED (Registered number: 09738525) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| CLEVELANDS PREP SCHOOL LIMITED |
| Company Information |
| for the Year Ended 31 August 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Suite 6, 141/143 South Road |
| Haywards Heath |
| West Sussex |
| RH16 4LY |
| CLEVELANDS PREP SCHOOL LIMITED (Registered number: 09738525) |
| Balance Sheet |
| 31 August 2022 |
| 31.8.22 | 31.8.21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| CLEVELANDS PREP SCHOOL LIMITED (Registered number: 09738525) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2022 |
| 1. | STATUTORY INFORMATION |
| CLEVELANDS PREP SCHOOL LIMITED is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the school fees invoiced over the course of an academic year. |
| Other income which is incidental to the fee income is recognised as and when received. |
| Goodwill |
| The company has taken over the trade of the school from a fellow group company. The Directors believe an amortisation rate of 20 years still accurately reflects its benefit to the new company and therefore the remaining goodwill held in the balance sheet is being amortised evenly over its remaining useful economic life. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| 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 etc - 25% on cost |
| 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. |
| 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. |
| CLEVELANDS PREP SCHOOL LIMITED (Registered number: 09738525) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2022 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 September 2021 |
| and 31 August 2022 |
| AMORTISATION |
| At 1 September 2021 |
| Charge for year |
| At 31 August 2022 |
| NET BOOK VALUE |
| At 31 August 2022 |
| At 31 August 2021 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | and |
| leasehold | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2021 |
| Additions |
| At 31 August 2022 |
| DEPRECIATION |
| At 1 September 2021 |
| Charge for year |
| At 31 August 2022 |
| NET BOOK VALUE |
| At 31 August 2022 |
| At 31 August 2021 |
| 6. | DEBTORS |
| 31.8.22 | 31.8.21 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Prepayments |
| CLEVELANDS PREP SCHOOL LIMITED (Registered number: 09738525) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2022 |
| 6. | DEBTORS - continued |
| 31.8.22 | 31.8.21 |
| £ | £ |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.22 | 31.8.21 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | RELATED PARTY DISCLOSURES |
| 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. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The parent entity of the company is Alpha Schools Holdings Limited. |
| Mr A Khan is the ultimate controlling party owning the majority of the issued share capital of the parent company. |