Silverfin false false 30/04/2024 01/05/2023 30/04/2024 C G Nixon 15/04/2015 J S Nixon 15/04/2015 10 October 2024 The principal activity of the Company during the financial year was the provision of educational support services and property rental. 09543119 2024-04-30 09543119 bus:Director1 2024-04-30 09543119 bus:Director2 2024-04-30 09543119 2023-04-30 09543119 core:CurrentFinancialInstruments 2024-04-30 09543119 core:CurrentFinancialInstruments 2023-04-30 09543119 core:ShareCapital 2024-04-30 09543119 core:ShareCapital 2023-04-30 09543119 core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 09543119 core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-30 09543119 core:RetainedEarningsAccumulatedLosses 2024-04-30 09543119 core:RetainedEarningsAccumulatedLosses 2023-04-30 09543119 core:OtherPropertyPlantEquipment 2023-04-30 09543119 core:OtherPropertyPlantEquipment 2024-04-30 09543119 2023-05-01 2024-04-30 09543119 bus:FilletedAccounts 2023-05-01 2024-04-30 09543119 bus:SmallEntities 2023-05-01 2024-04-30 09543119 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09543119 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09543119 bus:Director1 2023-05-01 2024-04-30 09543119 bus:Director2 2023-05-01 2024-04-30 09543119 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 09543119 2022-05-01 2023-04-30 09543119 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 09543119 (England and Wales)

CAROLINE NIXON EDUCATION LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

CAROLINE NIXON EDUCATION LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

CAROLINE NIXON EDUCATION LIMITED

BALANCE SHEET

As at 30 April 2024
CAROLINE NIXON EDUCATION LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 453 579
Investment property 4 360,000 360,000
360,453 360,579
Current assets
Debtors 5 0 3,796
Cash at bank and in hand 100,697 115,601
100,697 119,397
Creditors: amounts falling due within one year 6 ( 2,822) ( 19,083)
Net current assets 97,875 100,314
Total assets less current liabilities 458,328 460,893
Provision for liabilities ( 27,796) ( 27,796)
Net assets 430,532 433,097
Capital and reserves
Called-up share capital 100 100
Fair value reserve 82,952 82,952
Profit and loss account 347,480 350,045
Total shareholders' funds 430,532 433,097

For the financial year ending 30 April 2024 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 Caroline Nixon Education Limited (registered number: 09543119) were approved and authorised for issue by the Board of Directors on 10 October 2024. They were signed on its behalf by:

C G Nixon
Director
CAROLINE NIXON EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
CAROLINE NIXON EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
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

Caroline Nixon Education Limited (the Company) is a private company, limited by shares, 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 Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

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, and is shown net of VAT and other sales related taxes. 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.

Turnover also comprises the fair value of the consideration received or receivable as rental income in the ordinary course of the company's activities.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 10,150 10,150
At 30 April 2024 10,150 10,150
Accumulated depreciation
At 01 May 2023 9,571 9,571
Charge for the financial year 126 126
At 30 April 2024 9,697 9,697
Net book value
At 30 April 2024 453 453
At 30 April 2023 579 579

4. Investment property

Investment property
£
Valuation
As at 01 May 2023 360,000
As at 30 April 2024 360,000

Valuation

The value of investment property is derived from observable current market prices for comparable property determined by the directors. The assets have a current market value of £360,000 (2023 - £360,000) and a carrying historic cost of £249,397 (2023 - £249,397).

There has been no valuation of investment property by an independent valuer.

5. Debtors

2024 2023
£ £
Trade debtors 0 3,796

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 366 14,060
Other creditors 2,456 5,023
2,822 19,083

7. Related party transactions

Transactions with the entity's directors

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 May 2022 the balance owed by the director was £1,055. During the year, £98 was advanced to the director and £1,153 was repaid by the director. At 30 April 2023 the balance owed by the director was £nil.