for the Period Ended 31 August 2023
Company Information - 3 | |
Report of the Directors - 4 | |
Balance sheet - 5 | |
Footnotes to the Balance Sheet - 7 |
for the Period Ended 31 August 2023
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Secretary: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 August 2023
Principal Activities
Additional information
Having entered the year in a reasonably strong position, the Company had further improved its financial stability by half-year (end-February 2023). Founded in 1998 and incorporated in 2006, the Club occupied space on the site of Whitkirk Primary School. Following the school’s becoming an academy as part of Red Kite Learning Trust, the previously-favourable rent had been significantly increased. Despite a further rent increase, profitability remained acceptable and plans were made for enhancing the Club’s furnishings and fittings. In February, however, notice was given by the school that the lease would be terminated at the end of August. The school was proposing to offer the same services as the Company as part of its plans for “wraparound provision”. The effect of this was to force the Company out of business. Practically all the children registered with the Company were pupils or potential pupils at the school. Accordingly the Company would lose its clientele as well as its premises. During the spring and summer of 2023 negotiations proceeded to ensure that parents and carers would be assured of a continuation of services and that staff would be protected. Following consultation with the school and with the support of the employees’ union three senior staff and one part-time worker had their employment transferred under the TUPE procedure, retaining their salaries and length of previous service. July income fell to 35 per cent of previous levels and income in August was practically zero. With costs of the three senior staff still the Company’s responsibility, the year’s Profit and Loss Account showed a substantial deficit. The Company has not traded since 31st August and will close when all known outstanding liabilities have been satisfied.
Directors
The directors shown below have held office during the whole of the period from 01 September 2022 to 31 August 2023
Secretary
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
As at
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2022 £ |
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Fixed Assets: |
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Current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Reserves: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2023
for the Period Ended 31 August 2023