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REGISTERED NUMBER: 00314852 (England and Wales)















Financial Statements

for the Year Ended 31 August 2023

for

Altrincham Preparatory School Limited

Altrincham Preparatory School Limited (Registered number: 00314852)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


Altrincham Preparatory School Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: M J Furness
J M Geddes
Doctor A E Hill
A R Hill
A J Hurst
Mrs D J Stephenson





SECRETARY: M J Furness





REGISTERED OFFICE: Marlborough Road
Bowdon
Altrincham
Cheshire
WA14 2RR





REGISTERED NUMBER: 00314852 (England and Wales)





AUDITORS: Hardy & Company (Hyde) Ltd
Chartered Certified Accountants
& Statutory Auditors
Onward Chambers
34 Market Street
Hyde
Cheshire
SK14 1AH

Altrincham Preparatory School Limited (Registered number: 00314852)

Abridged Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,732,298 2,734,462

CURRENT ASSETS
Debtors 66,976 49,850
Cash at bank and in hand 852,453 957,571
919,429 1,007,421
CREDITORS
Amounts falling due within one year 386,632 502,605
NET CURRENT ASSETS 532,797 504,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,265,095

3,239,278

CREDITORS
Amounts falling due after more than one
year

5

(1,256,952

)

(1,303,842

)

PROVISIONS FOR LIABILITIES (31,365 ) (27,511 )
NET ASSETS 1,976,778 1,907,925

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Retained earnings 1,966,678 1,897,825
1,976,778 1,907,925

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:




A R Hill - Director



M J Furness - Director


Altrincham Preparatory School Limited (Registered number: 00314852)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Altrincham Preparatory School Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make estimates, judgements and assumptions that affect the amounts reported. These judgements and estimates 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.

There are no significant judgements or estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at variable rates on reducing balance
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Altrincham Preparatory School Limited (Registered number: 00314852)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses 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 or 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Altrincham Preparatory School Limited (Registered number: 00314852)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued

Impairment
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.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Parents' society donations and bank loan cash back
Donations received from the Parents' society are credited to deferred revenue. Donations towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Donations towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

"Cash back" received in respect of bank loans is credited to deferred income and released to the profit and loss account over the period of the loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 101 (2022 - 99 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 4,499,572
Additions 98,460
At 31 August 2023 4,598,032
DEPRECIATION
At 1 September 2022 1,765,110
Charge for year 100,624
At 31 August 2023 1,865,734
NET BOOK VALUE
At 31 August 2023 2,732,298
At 31 August 2022 2,734,462

Altrincham Preparatory School Limited (Registered number: 00314852)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.8.23 31.8.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 829,351 869,651

6. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 1,128,870 1,175,742

Loans are secured over the assets to which they relate.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Michael Diver (Senior Statutory Auditor)
for and on behalf of Hardy & Company (Hyde) Ltd