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REGISTERED NUMBER: 07310148 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Overstone Park School Ltd

Overstone Park School Ltd (Registered number: 07310148)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Overstone Park School Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs M F Brown
C O Brown
Miss S Brown
Mrs V Brown
B Brown
S Brown
Miss J Brown
I Brown





REGISTERED OFFICE: Overstone Park
Overstone
Northampton
Northamptonshire
NN6 0DT





REGISTERED NUMBER: 07310148 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

Overstone Park School Ltd (Registered number: 07310148)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 447,601 302,786
Investment property 6 192,000 192,000
639,601 494,786

CURRENT ASSETS
Debtors 7 497,634 88,953
Cash at bank and in hand 699,978 715,665
1,197,612 804,618
CREDITORS
Amounts falling due within one year 8 644,412 1,039,499
NET CURRENT ASSETS/(LIABILITIES) 553,200 (234,881 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,192,801 259,905

CREDITORS
Amounts falling due after more than one year 9 (88,943 ) (133,839 )

PROVISIONS FOR LIABILITIES (7,492 ) (7,492 )
NET ASSETS 1,096,366 118,574

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,096,364 118,572
SHAREHOLDERS' FUNDS 1,096,366 118,574

Overstone Park School Ltd (Registered number: 07310148)

Balance Sheet - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mrs M F Brown - Director


Overstone Park School Ltd (Registered number: 07310148)

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


1. STATUTORY INFORMATION

Overstone Park School Ltd 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Overstone Park School Ltd (Registered number: 07310148)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 250,000
AMORTISATION
At 1 August 2022
and 31 July 2023 250,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Overstone Park School Ltd (Registered number: 07310148)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 151,072 393,460 544,532
Additions 45,626 173,269 218,895
At 31 July 2023 196,698 566,729 763,427
DEPRECIATION
At 1 August 2022 40,000 201,746 241,746
Charge for year 28,634 45,446 74,080
At 31 July 2023 68,634 247,192 315,826
NET BOOK VALUE
At 31 July 2023 128,064 319,537 447,601
At 31 July 2022 111,072 191,714 302,786

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 53,549
DEPRECIATION
At 1 August 2022 13,387
Charge for year 13,388
At 31 July 2023 26,775
NET BOOK VALUE
At 31 July 2023 26,774
At 31 July 2022 40,162

Overstone Park School Ltd (Registered number: 07310148)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 192,000
NET BOOK VALUE
At 31 July 2023 192,000
At 31 July 2022 192,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 71,152 88,953
Other debtors 426,482 -
497,634 88,953

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 10,887 10,887
Trade creditors - 2,533
Taxation and social security 464,591 118,206
Other creditors 138,934 877,873
644,412 1,039,499

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 75,000 105,000
Hire purchase contracts 13,609 24,496
Other creditors 334 4,343
88,943 133,839