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REGISTERED NUMBER: 02323582 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

FOR

PARK HILL SCHOOL LIMITED

PARK HILL SCHOOL LIMITED (REGISTERED NUMBER: 02323582)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PARK HILL SCHOOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2021







DIRECTOR: Mrs S Mehta





REGISTERED OFFICE: Georgian House
Park Lane
Stanmore
HA7 3HD





REGISTERED NUMBER: 02323582 (England and Wales)





ACCOUNTANTS: DSK Partners LLP
D S House
306 High Street
Croydon
Surrey
CR0 1NG

PARK HILL SCHOOL LIMITED (REGISTERED NUMBER: 02323582)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,237,233 953,912
1,237,233 953,912

CURRENT ASSETS
Debtors 6 342,379 323,077
Cash at bank 61,327 24,029
403,706 347,106
CREDITORS
Amounts falling due within one year 7 1,163,455 880,905
NET CURRENT LIABILITIES (759,749 ) (533,799 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,484

420,113

CREDITORS
Amounts falling due after more than one
year

8

(37,719

)

-

PROVISIONS FOR LIABILITIES (166,688 ) (172,572 )
NET ASSETS 273,077 247,541

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 74,250 74,250
Non-distributable reserve 9 57,043 57,043
Retained earnings 41,784 16,248
SHAREHOLDERS' FUNDS 273,077 247,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PARK HILL SCHOOL LIMITED (REGISTERED NUMBER: 02323582)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 26 August 2022 and were signed by:





Mrs S Mehta - Director


PARK HILL SCHOOL LIMITED (REGISTERED NUMBER: 02323582)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021


1. STATUTORY INFORMATION

Park Hill School Limited is a private company, limited by shares, registered 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 Pound Sterling (£) rounded to the nearest Pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.

Goodwill
Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over the following useful economic lives:

Goodwill over 5 years

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

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.

PARK HILL SCHOOL LIMITED (REGISTERED NUMBER: 02323582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates

Freehold buildings 1% on cost
Equipment, fixtures and fittings 15% reducing balance
Motor Vehicles 25% on cost

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Pension costs and other post-retirement benefits
The company operates a money purchase pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.

PARK HILL SCHOOL LIMITED (REGISTERED NUMBER: 02323582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021


2. ACCOUNTING POLICIES - continued

Going concern
Since 31 December 2019, the spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. In the UK this began on 23rd March 2020. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Governments and central banks have responded with monetary and fiscal interventions to stabilise economic condition. The company is likely to be affected in the form of loss of income, however it will benefit from savings in costs and therefore this will not significantly impact the entity's financial position.

The company has determined that these events are non-adjusting subsequent events. Accordingly, the financial position and results of operations as of and for the year ended 31st August 2021 have not been adjusted to reflect their impact. The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, remains unclear at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the company for future periods.

As part of the directors' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquires, the directors have a reasonable expectation that the company has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare the accounts on a going concern basis.

Revaluation of tangible fixed assets
Fixed Assets are recognised initially at cost and subsequently at market value based on the amount at which the asset could be exchanged between knowledgeable parties at arm's-length. Land is not depreciated. Properties are revalued according to market conditions at the year-end. Unrealised gains and losses on revaluation is only realised on disposal of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2020 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2020
and 31 August 2021 102,816
AMORTISATION
At 1 September 2020
and 31 August 2021 102,816
NET BOOK VALUE
At 31 August 2021 -
At 31 August 2020 -

PARK HILL SCHOOL LIMITED (REGISTERED NUMBER: 02323582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2020 600,000 686,157 1,286,157
Additions 317,533 31,008 348,541
At 31 August 2021 917,533 717,165 1,634,698
DEPRECIATION
At 1 September 2020 19,812 312,433 332,245
Charge for year 6,529 58,691 65,220
At 31 August 2021 26,341 371,124 397,465
NET BOOK VALUE
At 31 August 2021 891,192 346,041 1,237,233
At 31 August 2020 580,188 373,724 953,912

The freehold properties were valued on an open market basis on 31st August 2021 by the director.

Revaluations are shown through the Income Statement and deferred tax is calculated on these as appropriate.

Any unrealised gains/losses on the revaluation of properties are shown in a non-distributable reserve on the Statement of Financial Position.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 92,583 17,919
Other debtors 249,796 305,158
342,379 323,077

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 51,219 22,372
Amounts owed to group undertakings 281,755 534,535
Amounts owed to associates 417,890 -
Taxation and social security 90,014 84,386
Other creditors 322,577 239,612
1,163,455 880,905

PARK HILL SCHOOL LIMITED (REGISTERED NUMBER: 02323582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 37,719 -

9. RESERVES
Non-distribut
reserve
£   
At 1 September 2020
and 31 August 2021 57,043

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Mehta, who controls the ultimate parent company, Tradetower Ltd. Tradetower Ltd owns 100% shareholding of Park Hill School Limited. Both Tradetower Ltd and Park Hill School Limited are incorporated in England.