COMPANY REGISTRATION NUMBER:
13999659
Manor House Forest School Limited |
|
Filleted Unaudited Financial Statements |
|
Manor House Forest School Limited |
|
Period from 24 March 2022 to 31 March 2023
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
Manor House Forest School Limited |
|
Statement of Financial Position |
|
31 March 2023
Fixed assets
Intangible assets |
5 |
|
4,970 |
|
|
|
|
Current assets
Debtors |
6 |
7,272 |
|
Cash at bank and in hand |
8,595 |
|
|
-------- |
|
|
15,867 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
15,188 |
|
|
-------- |
|
Net current assets |
|
679 |
|
|
------- |
Total assets less current liabilities |
|
5,649 |
|
|
------- |
Net assets |
|
5,649 |
|
|
------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
Profit and loss account |
|
5,549 |
|
|
------- |
Shareholders funds |
|
5,649 |
|
|
------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Manor House Forest School Limited |
|
Statement of Financial Position (continued) |
|
31 March 2023
These financial statements were approved by the
board of directors
and authorised for issue on
3 November 2023
, and are signed on behalf of the board by:
Company registration number:
13999659
Manor House Forest School Limited |
|
Notes to the Financial Statements |
|
Period from 24 March 2022 to 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Manor House Hartsdown Park, Hartsdown Road, Margate, CT9 5QX, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Development costs |
- |
20% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
5
.
5.
Intangible assets
|
Development costs |
|
£ |
Cost |
|
Additions |
6,213 |
|
------- |
At 31 March 2023 |
6,213 |
|
------- |
Amortisation |
|
Charge for the period |
1,243 |
|
------- |
At 31 March 2023 |
1,243 |
|
------- |
Carrying amount |
|
At 31 March 2023 |
4,970 |
|
------- |
|
|
6.
Debtors
|
31 Mar 23 |
|
£ |
Other debtors |
7,272 |
|
------- |
|
|
7.
Creditors:
amounts falling due within one year
|
31 Mar 23 |
|
£ |
Other creditors |
15,188 |
|
-------- |
|
|
8.
Related party transactions
At the period end the company was owed £7,272 by a company associated under common control.
9.
Controlling party
The ultimate parent company is Manor House Nursery Group Limited a company registered in England and Wales. The company's registered office is Manor House Hartsdown Park, Hartsdown Road, Margate, England, CT9 5QX.