Blake_Education_Limited - Accounts

CHAMELEON SCENERY LIMITED - Company Information

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Blake Education Limited

Unaudited Abbreviated Accounts

For the year ended 31 July 2016

Company Registration No. 02009459 (England and Wales)

Blake Education Limited

Contents

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

Blake Education Limited

Abbreviated Balance Sheet

As at 31 July 2016

Page 1

2016

2015

Notes

Fixed assets

Tangible assets

1,350,607

1,377,290

Current assets

Debtors

109,091

144,756

Cash at bank and in hand

235,628

275,443

344,719

420,199

Creditors: amounts falling due within one year

(147,658)

(97,928)

Net current assets

197,061

322,271

Total assets less current liabilities

1,547,668

1,699,561

Creditors: amounts falling due after more than one year

(174,000)

1,547,668

1,525,561

Capital and reserves

Called up share capital

145

Revaluation reserve

217,815

Other reserves

Profit and loss account

1,329,653

1,307,546

Shareholders' funds

1,547,668

1,525,561

Blake Education Limited

Abbreviated Balance Sheet (Continued)

As at 31 July 2016

Page 2

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 April 2017

Mr D Cluckie

Director

Company Registration No. 02009459

Blake Education Limited

Notes to the Abbreviated Accounts

For the year ended 31 July 2016

Page 3

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for the provision of rental services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings

2% on cost

Plant and machinery

20% reducing balance

Investment properties are recorded at open market value. Any change in the market value of investment properties is shown in the statement of recognised gains and losses, unless a reduction of an individual investment property is expected to be permanent, in which case it is charged to the profit and loss account in the period which it arises. In accordance with SSAP 19, no depreciation has been charged on the investment properties. This departure from the strict requirements of the Companies Act is required to give a true and fair view.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Blake Education Limited

Notes to the Abbreviated Accounts (Continued)

For the year ended 31 July 2016

Page 4

Fixed assets

Tangible assets

Cost or valuation

At 1 August 2015 & at 31 July 2016

1,811,067

Depreciation

At 1 August 2015

433,777

Charge for the year

26,683

At 31 July 2016

460,460

Net book value

At 31 July 2016

1,350,607

At 31 July 2015

1,377,290

Share capital

2016

2015

Allotted, called up and fully paid

145 Ordinary shares of £1 each

145