ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED - Company Information

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ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Company Registration Number:
03355298 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal activities of the company

The principal activity of the company in the year under review was the letting of sports and other facilities at St John’s Beaumont School.The company is a trading subsidiary of St John’s Beaumont School, a work of the Society of Jesus which operates through the Trust of 1929 for Roman Catholic Purposes (incorporating the Society of Jesus Trust of 1921 and The Society of Jesus Charitable Trust), Charity Registration Number 230165.The three issued shares of the company are held, typically by members of the School’s Governing Council and its Executive, on behalf of the Society of Jesus Trust of 1929 for Roman Catholic Purposes, which is the ultimate controlling party.Copies of the Trust’s financial statements may be obtained from the Treasurer at the Trust’s registered address, 114 Mount Street, London, W1K 3AH.

Political and charitable donations

The company transfers any accumulated profits to its parent charity, The Society of Jesus Trust of 1929 for Roman Catholic Purposes (Registered Charity Number 230165 (England and Wales)) by way of donation under Gift Aid to St John’s Beaumont School within nine months of the end of the financial year in which the profits were accumulated. A Gift Aid distribution of £21,623 was made in the year ending 31 August 2023 (2022 - £nil).



Directors

The directors shown below have held office during the period of
1 September 2022 to 5 January 2023

Giles Delaney
 Timothy Cook

The directors shown below have held office during the period of
6 January 2023 to 31 August 2023

James Bell
 Geoffrey Hudson

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 May 2024

And signed on behalf of the board by:
Name: James Bell
Status: Director

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£
£
Turnover: 78,946 82,261
Cost of sales: ( 18,439 ) ( 22,072 )
Gross profit(or loss): 60,507 60,189
Distribution costs: ( 21,623 ) 0
Administrative expenses: ( 22,570 ) ( 15,996 )
Other operating income: 0 0
Operating profit(or loss): 16,314 44,193
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 16,314 44,193
Tax: 0 0
Profit(or loss) for the financial year: 16,314 44,193

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Balance sheet

As at 31 August 2023

Notes 2023 2022


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 34,597 8,116
Cash at bank and in hand: 11,093 20,786
Investments:   0 0
Total current assets: 45,690 28,902
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 7,750 ) ( 7,276 )
Net current assets (liabilities): 37,940 21,626
Total assets less current liabilities: 37,940 21,626
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 37,940 21,626
Capital and reserves
Called up share capital: 3 3
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 37,937 21,623
Total Shareholders' funds: 37,940 21,626

The notes form part of these financial statements

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 May 2024
and signed on behalf of the board by:

Name: James Bell
Status: Director

The notes form part of these financial statements

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents income from the letting of sports and other facilities at St John’s Beaumont School.Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. It is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Other accounting policies

    Critical accounting estimates and areas of judgementIn preparing these financial statements, the directors have been required to make certain significant judgements and estimates.There are no key assumptions or areas of uncertainty where there is a significant risk of material adjustment to the carrying value of the assets and liabilities of the company being required during the next financial period.Assessment of going concernThe directors have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The directors have made this assessment in respect to a period of at least one year from the date of approval of these financial statements.The directors have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.Statement of cash flowsThe financial statements do not include statement of cash flow because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 102 Section 1A.DebtorsDebtors are recognised at their settlement amount, less any provision for non-recoverability. They have been discounted to the present value of the future cash receipt where such discounting is material.Cash and cash equivalentsCash and cash equivalents comprise cash at bank and in hand.Trade and other creditorsCreditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Debtors

2023 2022
£ £
Trade debtors 29,602 4,318
Prepayments and accrued income 0 0
Other debtors 4,995 3,798
Total 34,597 8,116

ST. JOHN'S BEAUMONT DEVELOPMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,853 1,379
Taxation and social security 0 0
Accruals and deferred income 0 2,280
Other creditors 5,897 3,617
Total 7,750 7,276