Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Stewart John Biddles 24/07/2015 Dr Jennifer Blunden 13/09/2017 Christopher John Challis 01/08/2021 Clare Elizabeth Crowle 01/08/2021 Robert Edward Haring 18/07/2023 11/10/2012 Timothy James Harris 01/08/2021 Moira Marder 04/12/2023 13/09/2017 Robert Mitchell 04/12/2023 11/10/2012 Roger John Pope 11/10/2012 Matthew John Shanks 01/07/2021 Simon Peter Spry 11/10/2012 Sarah Watson 18/07/2023 13/09/2017 03 March 2024 The principal activity of the Company during the financial year was providing teacher training courses for teachers at all different levels across primary and secondary schools. 08249819 2023-10-31 08249819 bus:Director1 2023-10-31 08249819 bus:Director2 2023-10-31 08249819 bus:Director3 2023-10-31 08249819 bus:Director4 2023-10-31 08249819 bus:Director5 2023-10-31 08249819 bus:Director6 2023-10-31 08249819 bus:Director7 2023-10-31 08249819 bus:Director8 2023-10-31 08249819 bus:Director9 2023-10-31 08249819 bus:Director10 2023-10-31 08249819 bus:Director11 2023-10-31 08249819 bus:Director12 2023-10-31 08249819 2022-10-31 08249819 core:CurrentFinancialInstruments 2023-10-31 08249819 core:CurrentFinancialInstruments 2022-10-31 08249819 core:RetainedEarningsAccumulatedLosses 2023-10-31 08249819 core:RetainedEarningsAccumulatedLosses 2022-10-31 08249819 core:ComputerEquipment 2022-10-31 08249819 core:ComputerEquipment 2023-10-31 08249819 2022-11-01 2023-10-31 08249819 bus:FilletedAccounts 2022-11-01 2023-10-31 08249819 bus:SmallEntities 2022-11-01 2023-10-31 08249819 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08249819 bus:CompanyLimitedByGuarantee 2022-11-01 2023-10-31 08249819 bus:Director1 2022-11-01 2023-10-31 08249819 bus:Director2 2022-11-01 2023-10-31 08249819 bus:Director3 2022-11-01 2023-10-31 08249819 bus:Director4 2022-11-01 2023-10-31 08249819 bus:Director5 2022-11-01 2023-10-31 08249819 bus:Director6 2022-11-01 2023-10-31 08249819 bus:Director7 2022-11-01 2023-10-31 08249819 bus:Director8 2022-11-01 2023-10-31 08249819 bus:Director9 2022-11-01 2023-10-31 08249819 bus:Director10 2022-11-01 2023-10-31 08249819 bus:Director11 2022-11-01 2023-10-31 08249819 bus:Director12 2022-11-01 2023-10-31 08249819 core:ComputerEquipment 2022-11-01 2023-10-31 08249819 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Company No: 08249819 (England and Wales)

LEADING SCHOOLS SOUTH WEST LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

LEADING SCHOOLS SOUTH WEST LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

LEADING SCHOOLS SOUTH WEST LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2023
LEADING SCHOOLS SOUTH WEST LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 540 719
540 719
Current assets
Debtors 4 324,019 82,919
Cash at bank and in hand 296,455 464,912
620,474 547,831
Creditors: amounts falling due within one year 5 ( 99,047) ( 14,554)
Net current assets 521,427 533,277
Total assets less current liabilities 521,967 533,996
Net assets 521,967 533,996
Reserves
Profit and loss account 521,967 533,996
Total reserves 521,967 533,996

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Leading Schools South West Limited (registered number: 08249819) were approved and authorised for issue by the Board of Directors on 03 March 2024. They were signed on its behalf by:

Roger John Pope
Director
LEADING SCHOOLS SOUTH WEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
LEADING SCHOOLS SOUTH WEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Leading Schools South West Limited (the Company) is a private company, limited by guarantee without share capital, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Kingsbridge Community College, Balkwill Road, Kingsbridge, TQ7 1PL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset as follows:

Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 November 2022 1,702 1,702
At 31 October 2023 1,702 1,702
Accumulated depreciation
At 01 November 2022 983 983
Charge for the financial year 179 179
At 31 October 2023 1,162 1,162
Net book value
At 31 October 2023 540 540
At 31 October 2022 719 719

4. Debtors

2023 2022
£ £
Trade debtors 98,640 0
Prepayments and accrued income 225,379 82,919
324,019 82,919

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 31,461 9,753
Accruals 67,586 3,001
Other creditors 0 1,800
99,047 14,554

6. Liability of members

The members of the Leading Schools South West Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Invoices received from directors for services provided for programme delivery 2,200 42,364