REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 August 2023 |
for |
The Repton Family of Schools Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 August 2023 |
for |
The Repton Family of Schools Limited |
The Repton Family of Schools Limited (Registered number: 05859839) |
Contents of the Financial Statements |
for the Year Ended 31 August 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
The Repton Family of Schools Limited |
Company Information |
for the Year Ended 31 August 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Chartered Accountants |
The Mills |
Canal Street |
Derby |
DE1 2RJ |
The Repton Family of Schools Limited (Registered number: 05859839) |
Balance Sheet |
31 August 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
The Repton Family of Schools Limited (Registered number: 05859839) |
Notes to the Financial Statements |
for the Year Ended 31 August 2023 |
1. | STATUTORY INFORMATION |
The Repton Family of Schools Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the amounts (excluding value added tax) receivable under service agreements during the year. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Gift aid payment to parent charity |
The company pays taxable profits arising in a reporting period to its parent charity under the gift aid scheme to the extent sufficient reserves and/or cash balances exist. These gift aid payments are recognised as distributions to owners in equity within retained earnings. |
The company was not legally obligated to make gift aid payments in the reporting period, although the board had indicated its intention to pay any taxable profits to the parent charity subject to reserve and cash balance limitations. Payments are expected to be made within 9 months of the end of the reporting date where applicable. |
The accounting policy for gift aid payments results in the company recognising a taxation charge when reporting taxable profits for the year. However, the application of the exception under paragraph 29.14A of FRS 102 provides relief in respect of the accounting for the tax charge. This results in a reduced charge for tax in the profit and loss account. This exception is only applicable as it is probable that the gift aid payment will be made by the company to the parent charity within 9 months of the reporting date. |
Related parties |
The company is a wholly owned subsidiary undertaking. The company has taken advantage of the exemption contained within Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements. |
The Repton Family of Schools Limited (Registered number: 05859839) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
2. | ACCOUNTING POLICIES - continued |
Exemption from preparing consolidated financial statements |
The financial statements contain information about The Repton Family of Schools Limited as an individual entity and do not contain consolidated financial information as the parent of a group. The Company has taken advantage of the exemption given under Financial Reporting Standard 102 not to prepare consolidated financial statements as it is a wholly owned subsidiary of Sir John Port’s Charity which is incorporated in Great Britain and which prepares consolidated financial statements incorporating the results of the Company. |
Details of the investments in subsidiary undertakings are included in the consolidated financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 September 2022 |
and 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Owed to immediate parent undertaking | 3,761 | 112,643 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Owed to related party > 1 yr | - | 626,500 |
The Repton Family of Schools Limited (Registered number: 05859839) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |