Avon House Preparatory School Limited - Accounts to registrar (filleted) - small 18.1
Avon House Preparatory School Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 August 2017 |
| for |
| Avon House Preparatory School Limited |
| Avon House Preparatory School Limited (Registered number: 08313104) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Avon House Preparatory School Limited |
| Company Information |
| for the Year Ended 31 August 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 14 Austin Friars |
| London |
| EC2N 2HE |
| Avon House Preparatory School Limited (Registered number: 08313104) |
| Balance Sheet |
| 31 August 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Avon House Preparatory School Limited (Registered number: 08313104) |
| Balance Sheet - continued |
| 31 August 2017 |
| 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 on signed on its behalf by: |
| Avon House Preparatory School Limited (Registered number: 08313104) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2017 |
| 1. | Statutory information |
| Avon House Preparatory School Limited is a |
| 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 |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Avon House Preparatory School Limited (Registered number: 08313104) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2017 |
| 3. | Tangible fixed assets |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 September 2016 |
| Additions |
| At 31 August 2017 |
| Depreciation |
| At 1 September 2016 |
| Charge for year |
| At 31 August 2017 |
| Net book value |
| At 31 August 2017 |
| At 31 August 2016 |
| 4. | Debtors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Amounts due from Holding Co |
| Prepayments and accrued income |
| 5. | Creditors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Corporation tax |
| Other creditors |
| Accrued expenses |
| Avon House Preparatory School Limited (Registered number: 08313104) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2017 |
| 6. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | 1 | 1,000 | 1,000 |
| 7. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 September 2016 |
| Profit for the year |
| At 31 August 2017 |
| 8. | Related party disclosures |
| At 31 August 2017 the company was owed £166,733 (2016: £131,106) by Avon House |
| School Limited and owed The Sheila Ferrari Dyslexia Centre Limited £99,819 (2016: |
| £99,819). |
| During the year the company incurred management charges of £1,925,000 (2016: |
| £1,665,125) from Avon House School Limited. |
| Avon House School Limited is the ultimate parent company of both Avon House Preparatory |
| School Limited and The Sheila Ferrari Dyslexia Centre Limited. |
| 9. | Ultimate controlling party |
| The company is a wholly owned subsidiary of Avon House School Limited which is in turn |
| controlled by The Trustees of the Sheila Ferrari 1995 Settlement. |
| 10. | First year adoption |
| The Company has transitioned to FRS 102 from previously being prepared under the |
| historical cost convention and in accordance with the Financial Reporting Standards for |
| Smaller Entities (effective January 2015) as at 1st September 2016. |