ELMHURST HOUSE PRE SCHOOL LIMITED

Company Registration Number:
08403180 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

ELMHURST HOUSE PRE SCHOOL LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

ELMHURST HOUSE PRE SCHOOL LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 646,123 647,145
Total fixed assets: 646,123 647,145
Current assets
Debtors:   4,940
Cash at bank and in hand: 26,861 65,430
Total current assets: 31,801 65,430
Creditors: amounts falling due within one year:   (16,497) (16,944)
Net current assets (liabilities): 15,304 48,486
Total assets less current liabilities: 661,427 695,631
Creditors: amounts falling due after more than one year:   (42,243) (126,142)
Provision for liabilities: (44,044) (44,044)
Total net assets (liabilities): 575,140 525,445
Capital and reserves
Called up share capital: 3 3
Revaluation reserve:4235,580235,580
Profit and loss account: 339,557 289,862
Shareholders funds: 575,140 525,445

The notes form part of these financial statements

ELMHURST HOUSE PRE SCHOOL LIMITED

Balance sheet statements

For the year ending 28 February 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 October 2023
and signed on behalf of the board by:

Name: V A Cartwright
Status: Director

The notes form part of these financial statements

ELMHURST HOUSE PRE SCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partly completed at the balance sheet date turnover represents the value of services provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of the creditors due within one year.

Tangible fixed assets and depreciation policy

Land and buildings include a freehold property. Land and buildings are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluation are performed by professional qualified valuers with sufficient regularity to ensure that the carrying amount do not differ materially from those that would be determined using fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluations is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. Any revaluations increase in the carrying amount of land and buildings is recognised in other comprehensive income and included in revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit and loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit and loss and depreciation based on the asset’s original cost is transferred from revaluation reserve to retained earnings. Fixture and fittings are carried at the cost less accumulated depreciation and accumulated impairment losses. Land is not depreciated. Depreciation on other assets is calculated so as to write off the cost or valuation of an asset, less it residual value, over their estimated useful lives as follows:Fixture and Fittings – 15% on reducing balanceOffice Equipment – 33% on cost.

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing difference arise from the inclusion of income and expense 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 for 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. Pension costs and other post-retirement benefits the company’s operates in defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.

ELMHURST HOUSE PRE SCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 21 21

ELMHURST HOUSE PRE SCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 653,917
Additions 919
At 28 February 2023 654,836
Depreciation
At 01 March 2022 6,772
Charge for year 1,941
At 28 February 2023 8,713
Net book value
At 28 February 2023 646,123
At 28 February 2022 647,145

ELMHURST HOUSE PRE SCHOOL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Revaluation reserve

2023
£
Balance at 01 March 2022 235,580
Surplus or deficit after revaluation 0
Balance at 28 February 2023 235,580