Registered number
08347786
Wetherby House Montessori Limited
Filleted Accounts
31 January 2024
Wetherby House Montessori Limited
Registered number: 08347786
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 41,575 42,175
Current assets
Debtors 5 300,253 342,875
Creditors: amounts falling due within one year 6 (335,275) (374,704)
Net current liabilities (35,022) (31,829)
Total assets less current liabilities 6,553 10,346
Creditors: amounts falling due after more than one year 7 (3,963) (8,013)
Net assets 2,590 2,333
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,490 2,233
Shareholders' funds 2,590 2,333
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shamyka Douglas
Director
Approved by the board on 31 October 2024
Wetherby House Montessori Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% p.a. on a reducing balances basis
Computers 50% p.a. on a reducing balances basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 28
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 40,280
At 31 January 2024 40,280
Amortisation
At 1 February 2023 40,280
At 31 January 2024 40,280
Net book value
At 31 January 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixed Assets
£
Cost
At 1 February 2023 170,169
Additions 10,584
At 31 January 2024 180,753
Depreciation
At 1 February 2023 127,994
Charge for the year 11,184
At 31 January 2024 139,178
Net book value
At 31 January 2024 41,575
At 31 January 2023 42,175
5 Debtors 2024 2023
£ £
Trade debtors 8,208 27,269
Amounts owed by group undertakings and undertakings in which the company has a participating interest 291,145 315,606
Other debtors 900 -
300,253 342,875
6 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 49,743 41,572
Bank loans and overdrafts 19,881 15,862
Wages Payable 5,606 12,921
Amounts owed to group undertakings and undertakings in which the company has a participating interest 71,908 157,015
Taxation and social security costs 152,362 66,472
Other creditors 35,775 80,862
335,275 374,704
7 Creditors: amounts falling due after one year 2024 2023
£ £
Deferred Tax 3,963 8,013
8 Related party transactions
During the year the company paid rent amounting to £84,000 (2023 - £84,000) and dividends amounting to £60,000 (2023 -£175,000) were paid to the parent company Wetherby House Estates Limited.

At the balance sheet date , the amount outstanding were as follows:

Included in Debtors.

Wetherby House Montessori Harrow Limited - £0 (2022 - £14,979)
Wetherby House Estates Limited - £0 (2022 - £22,362) , the parent company
Wetherby House Montessori Kensal Rise Limited - £291,145 (2022 - £208,666)

Included in Creditors.

Wetherby House Montessori Kensal Rise Limited - £0 (2023 - £0), the parent company
Wetherby House Montessori Harrow Limited - £9,178 (2022 - £0)
Wetherby House Estates Limited - £62,730 (2022 - £0) , the parent company

The directors of the company are also directors of the parent company and other fellow subsidiary companies.
9 Controlling party
The company is under the control of the parent company Wetherby House Estates Limited a company registered in England and Wales
10 Other information
Wetherby House Montessori Limited is a private company limited by shares and incorporated in England. Its registered office is:
43 Butler Avenue
Harrow
London
HA1 4EJ
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