| Greenwich School of Theology |
| Registered number: |
04575482 |
| Balance Sheet |
| as at 31 December 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
- |
|
|
61 |
|
| Current assets |
| Debtors |
4 |
|
17,615 |
|
|
22,219 |
| Cash at bank and in hand |
|
|
19,461 |
|
|
21,306 |
|
|
|
37,076 |
|
|
43,525 |
|
| Creditors: amounts falling due within one year |
5 |
|
(223) |
|
|
(13,095) |
|
| Net current assets |
|
|
|
36,853 |
|
|
30,430 |
|
| Net assets |
|
|
|
36,853 |
|
|
30,491 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Accumulated reserves |
|
|
|
36,853 |
|
|
30,491 |
|
| Total reserves |
|
|
|
36,853 |
|
|
30,491 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Prof ALR du Plooy |
| Director |
| Approved by the board on 8 September 2023 |
|
| Greenwich School of Theology |
| Notes to the Accounts |
| for the year ended 31 December 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents course and related fees received from students. Turnover is recognised by
reference to the stage of completion of the courseThe stage of completion of a course is measured by the time to complete a course. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Equipment |
25% reducing value |
|
|
Debtors |
|
Short term debtors are measured at course fees, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Equipment |
| £ |
|
Cost |
|
At 1 January 2022 |
1,088 |
|
At 31 December 2022 |
1,088 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2022 |
1,027 |
|
Charge for the year |
61 |
|
At 31 December 2022 |
1,088 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2022 |
- |
|
At 31 December 2021 |
61 |
|
|
| 4 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Student accounts |
17,615 |
|
22,219 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Deferred income |
|
|
|
|
- |
|
10,813 |
|
Taxation and social security costs |
188 |
|
856 |
|
Other creditors |
35 |
|
1,426 |
|
|
|
|
|
|
223 |
|
13,095 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
Consultancy fees of £10,000 were paid to Prof ALR du Plooy during the year. Prof du Plooy is a director of the company. |
|
|
| 7 |
Other information |
|
|
Greenwich School of Theology is a private company limited by shares and incorporated in England. Its registered office is: |
|
29 Howbeck Lane |
|
Clarborough |
|
Retford |
|
Nottinghamshire |
|
DN22 9LW |
