Churchill House School of English - Accounts to registrar (filleted) - small 18.2
Churchill House School of English - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements For The Year Ended 31st December 2017 |
for |
Churchill House School of English |
Language Limited |
Churchill House School of English |
Language Limited (Registered number: 01024620) |
Contents of the Financial Statements |
For The Year Ended 31st December 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Churchill House School of English |
Language Limited |
Company Information |
For The Year Ended 31st December 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1-3 Manor Road |
Chatham |
Kent |
ME4 6AE |
Churchill House School of English |
Language Limited (Registered number: 01024620) |
Balance Sheet |
31st December 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Churchill House School of English |
Language Limited (Registered number: 01024620) |
Balance Sheet - continued |
31st December 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 director on |
Churchill House School of English |
Language Limited (Registered number: 01024620) |
Notes to the Financial Statements |
For The Year Ended 31st December 2017 |
1. | STATUTORY INFORMATION |
Churchill House School of English Language Limited is a |
England and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding |
value added tax and trade discounts. |
Goodwill |
Purchased goodwill is recognised as an asset in the balance sheet. Goodwill which is generated by the activities |
of the company is not recognised as an asset in the balance sheet and the associated costs are written off to the |
profit and loss account when they are incurred. |
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 |
Land and buildings | - |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at 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. |
Churchill House School of English |
Language Limited (Registered number: 01024620) |
Notes to the Financial Statements - continued |
For The Year Ended 31st December 2017 |
2. | ACCOUNTING POLICIES - continued |
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. |
Deferred government grants |
Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to |
the profit and loss account over the estimated useful life of the assets to which they relate. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Going concern |
The financial statements have been prepared on the going concern basis after consideration of the following: |
Debtors includes an amount due after more than one year of £2,585,649 due from a subsidiary company, |
Cornwallis Lloyd Estates Limited. This company has net liabilities at 31st December 2017 of £2,250,378 and |
whilst the recoverability is uncertain, current trading is positive. |
The director considers that the company's ability to generate sufficient cash to settle its liabilities as and when |
they fall due is unimpaired by the lack of repayments made by the subsidiary; and with the continued support of |
the company's director and bankers, the going concern basis is appropriate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st January 2017 |
and 31st December 2017 |
AMORTISATION |
At 1st January 2017 |
and 31st December 2017 |
NET BOOK VALUE |
At 31st December 2017 |
At 31st December 2016 |
Churchill House School of English |
Language Limited (Registered number: 01024620) |
Notes to the Financial Statements - continued |
For The Year Ended 31st December 2017 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st January 2017 |
Additions |
At 31st December 2017 |
DEPRECIATION |
At 1st January 2017 |
Charge for year |
At 31st December 2017 |
NET BOOK VALUE |
At 31st December 2017 |
At 31st December 2016 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st January 2017 |
and 31st December 2017 |
NET BOOK VALUE |
At 31st December 2017 |
At 31st December 2016 |
Cornwallis Lloyd Estates Limited Nature of business: Provision of leisure facilities Holding: 100% of ordinary |
share capital Aggregate capital and reserves - £(2,250,378) (2016: £(2,235,894)) Profit/(loss) for the year - |
£(14,484) (2016: £7,912). |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed by group undertakings |
Other debtors and prepayments |
Churchill House School of English |
Language Limited (Registered number: 01024620) |
Notes to the Financial Statements - continued |
For The Year Ended 31st December 2017 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors and accruals |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans over 5 years | 27,939 | 40,689 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank loans |
The bank loan is secured by a first legal charge on the freehold property and a debenture over all other assets. |
Churchill House School of English |
Language Limited (Registered number: 01024620) |
Notes to the Financial Statements - continued |
For The Year Ended 31st December 2017 |
11. | RELATED PARTY DISCLOSURES |
During the period the company utilised a property owned by R A P Stickland. No rent was charged for the period (31st December 2016- nil). |
During the period loans existed to the company from R A P Stickland and Churchill House School Services Limited . Interest of £nil was charged by R A P Stickland (year ended 31st December 2016 - £nil); no interest was charged by Churchill House School Services Limited (year ended 31st December 2016 - £nil). |
The amounts outstanding were: |
R A P Strickland £146,821 (31st December 2016: £226,418). |
Churchill House School Services Limited £522,830 (31st December 2016: £522,830). |
During the period a loan existed from the company to its subsidiary, Cornwallis Lloyd Estates Limited. No interest was charged during the period (year ended 31st December 2016 - £nil) and the balance outstanding at 31st December 2017 was £2,585,649 (31st December 2016 - £2,526,417). |
No amounts were written off in the period. |