REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
FORESIGHT SCHOOLS STAFFORD LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
FORESIGHT SCHOOLS STAFFORD LIMITED |
FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
FORESIGHT SCHOOLS STAFFORD LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
Director: |
Registered office: |
Registered number: |
FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
BALANCE SHEET |
31 MARCH 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Creditors |
Amounts falling due within one year | 6 | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | Statutory information |
Foresight Schools Stafford Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
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. |
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. |
Interest receivable and other income |
Other income such as interest receivable on loan notes is included on an accruals basis. |
Investments |
The investments at fair value through profit or loss owned by the Company have been valued in accordance with the International Private Equity and Venture Capital Valuation (IPEV) Guidelines developed by the British Venture Capital Association and other organisations as updated in December 2022. Through these guidelines, these companies are valued at 'fair value' as defined. Ordinarily, unquoted companies will be valued at cost for a limited period following the date of acquisition, being the most suitable approximation of fair value unless there is an impairment or significant accretion in value during the year. Assets under construction will be valued at cost until operations begin. The valuations are prepared by the Foresight Group, reviewed and approved by the Board quarterly. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
4. | Fixed asset investments |
Other |
investments |
£ |
Cost or valuation |
At 1 April 2023 |
Revaluations | ( |
) |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
Cost or valuation at 31 March 2024 is represented by: |
Other |
investments |
£ |
Valuation in 2022 | (774,145 | ) |
Valuation in 2023 | 18,671 |
Valuation in 2024 | (24,105 | ) |
Cost | 1,422,110 |
642,531 |
5. | Debtors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
Other creditors |