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REGISTERED NUMBER: 02784251 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Sinclair House School Limited

Sinclair House School Limited (Registered number: 02784251)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sinclair House School Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs C O'Sullivan





SECRETARY: Mr R O'Sullivan





REGISTERED OFFICE: 159 Munster Road
Fulham
London
SW6 6DA





REGISTERED NUMBER: 02784251 (England and Wales)

Sinclair House School Limited (Registered number: 02784251)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,637 34,891
33,637 34,891

CURRENT ASSETS
Debtors 6 1,353,399 1,407,266

CREDITORS
Amounts falling due within one year 7 1,128,731 1,377,440
NET CURRENT ASSETS 224,668 29,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,305

64,717

CREDITORS
Amounts falling due after more than one
year

8

(624,556

)

(591,908

)

PROVISIONS FOR LIABILITIES (69 ) (235 )
NET LIABILITIES (366,320 ) (527,426 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 2,455 2,455
Retained earnings (368,875 ) (529,981 )
(366,320 ) (527,426 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 8 January 2025 and were signed by:





Mrs C O'Sullivan - Director


Sinclair House School Limited (Registered number: 02784251)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Sinclair House 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.

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as 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 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - over period of lease
Fixtures and fittings - 15% on straight line basis
Office equipment - 25% on straight line basis

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.

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.

Sinclair House School Limited (Registered number: 02784251)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contributions pension scheme for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.

The contributions are recognised as an expense in the Profit and Loss when they fall due. Amounts not paid are shown as a liability on the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 56,000
AMORTISATION
At 1 September 2023
and 31 August 2024 56,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property and Office
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 44,148 38,650 99,194 181,992
Additions 1,980 - - 1,980
At 31 August 2024 46,128 38,650 99,194 183,972
DEPRECIATION
At 1 September 2023 10,196 38,650 98,255 147,101
Charge for year 2,572 - 662 3,234
At 31 August 2024 12,768 38,650 98,917 150,335
NET BOOK VALUE
At 31 August 2024 33,360 - 277 33,637
At 31 August 2023 33,952 - 939 34,891

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 441,454 630,644
Other debtors 229,320 195,860
Directors' current accounts 660,758 561,616
Prepayments and accrued income 21,867 19,146
1,353,399 1,407,266

Sinclair House School Limited (Registered number: 02784251)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,009 144,256
Other loans 110,198 123,171
Trade creditors 123,873 145,028
Tax 162,069 69,364
Social security and other taxes 69,908 111,428
Other creditors 10,959 4,069
Accruals and deferred income 590,715 780,124
1,128,731 1,377,440

Bank borrowings of £61,009 (2023 - £144,256) are secured by way of fixed and floating charges over the company's assets in favour of HSBC plc.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 47,292 10,162
Bank loans - 2-5 years 73,342 13,947
Other loans - 1-2 years 173,239 151,212
Other loans - 2-5 years 330,683 416,587
624,556 591,908

Bank loans of £120,634 (2023 - £24,109) are secured by way of a secured debenture via fixed and floating charges in favour of HSBC plc.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 63,620 63,620
Between one and five years 254,480 254,480
In more than five years 734,220 797,840
1,052,320 1,115,940

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mrs C O'Sullivan
Balance outstanding at start of year 561,616 499,141
Amounts advanced 99,142 62,475
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 660,758 561,616

The loan with the company is repayable on demand with interest charged where applicable at the prevailing HM Revenue & Customs rate.

11. RELATED PARTY DISCLOSURES

At the date of the balance sheet, the company owed £426,830 (2023 - £456,524) to close family members of the company's director.