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Registrar

Registration number: 04435888

Yellow House Alternative Education Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Yellow House Alternative Education Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Yellow House Alternative Education Ltd

Company Information

Directors

D J Pester

J R Pester

Company secretary

C Benjamin

Registered office

1 Alderford Street
Sible Hedingham
Halstead
Essex
CO9 3HX

Solicitors

Holmes & Hills LLP
Bocking End
Braintree
Essex
CM7 9AJ

Bankers

Lloyds TSB
Market Hill
Sudbury
Essex
CO10 2EL

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Yellow House Alternative Education Ltd

(Registration number: 04435888)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

662,946

662,820

Current assets

 

Debtors

5

242,034

26,588

Cash at bank and in hand

 

203,422

366,849

 

445,456

393,437

Creditors: Amounts falling due within one year

6

(330,802)

(300,289)

Net current assets

 

114,654

93,148

Total assets less current liabilities

 

777,600

755,968

Creditors: Amounts falling due after more than one year

6

(2,647)

(26,524)

Provisions for liabilities

(16,863)

(15,696)

Net assets

 

758,090

713,748

Capital and reserves

 

Called up share capital

7

100

100

Revaluation reserve

308,156

308,030

Retained earnings

449,834

405,618

Shareholders' funds

 

758,090

713,748

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 January 2025 and signed on its behalf by:
 

D J Pester
Director

 

Yellow House Alternative Education Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 1 Alderford Street, Sible Hedingham, Halstead, Essex, CO9 3HX.

These financial statements were authorised for issue by the Board on 13 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of teaching services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Fee income is received in advance and only recognised in the accounts for completed terms. Income that relates to future periods is held in the balance sheet as deferred income.

Tax

Current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

Yellow House Alternative Education Ltd

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

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

2% straight line

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Office Equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 15).

 

Yellow House Alternative Education Ltd

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

4

Tangible assets

Buildings
£

Office equipment
 £

Motor vehicles
 £

Fixtures & Fittings
 £

Total
£

Cost or valuation

At 1 September 2023

710,006

27,971

16,829

44,920

799,726

Additions

-

3,401

16,799

8,297

28,497

Disposals

-

-

(4,000)

-

(4,000)

At 31 August 2024

710,006

31,372

29,628

53,217

824,223

Depreciation

At 1 September 2023

84,879

12,362

7,833

31,832

136,906

Charge for the year

14,201

4,398

5,749

3,891

28,239

Eliminated on disposal

-

-

(3,868)

-

(3,868)

At 31 August 2024

99,080

16,760

9,714

35,723

161,277

Carrying amount

At 31 August 2024

610,926

14,612

19,914

17,494

662,946

At 31 August 2023

625,127

15,609

8,996

13,088

662,820

Included within the net book value of land and buildings above is £610,926 (2023 - £625,126) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Land and buildings was revalued on 31 May 2017 by an independent valuer. The name and qualification of the independent valuer are Mr N Mills CPEA.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £474,835 (2023 - £485,870).

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

200,531

600

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

36,467

21,750

Prepayments

 

5,036

4,033

Other debtors

 

-

205

 

242,034

26,588

 

Yellow House Alternative Education Ltd

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

23,263

20,694

Corporation tax

 

42,858

55,105

Taxation and social security

 

8,031

8,092

Accruals and deferred income

 

255,036

214,954

Other creditors

 

1,614

1,444

 

330,802

300,289


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £23,263 (2023 - £20,694).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

2,647

26,524


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,647 (2023 - £26,524).

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       
 

Yellow House Alternative Education Ltd

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

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

23,263

20,694

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,647

26,524

9

Related party transactions

Transactions with directors

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

21,750

97,969

(58,500)

61,219

 

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

14,222

86,674

(79,146)

21,750

 

Other transactions with directors

In the year a director invoiced the company for consultancy services worth £18,000 (2023 : £18,000).