REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
MOORE HOUSE SCHOOL LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
MOORE HOUSE SCHOOL LIMITED |
MOORE HOUSE SCHOOL LIMITED (REGISTERED NUMBER: SC110906) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MOORE HOUSE SCHOOL LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Chartered Accountants |
and Statutory Auditor |
213 St Vincent Street |
Glasgow |
G2 5QY |
BANKERS: |
8 Hopetoun Street |
Bathgate |
West Lothian |
EH48 4EU |
SOLICITORS: |
Law House |
Fairbairn Place |
Livingston |
West Lothian |
EH54 6TN |
MOORE HOUSE SCHOOL LIMITED (REGISTERED NUMBER: SC110906) |
BALANCE SHEET |
30 JUNE 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
MOORE HOUSE SCHOOL LIMITED (REGISTERED NUMBER: SC110906) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Moore House School Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The directors are required to prepare the statutory financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. In satisfaction of this responsibility the directors have considered the company's ability to meet its liabilities as they fall due. |
The company meets its day to day working capital requirements through its cash reserves. |
The company's going concern assessment considers its principal risks and is dependent on a number of factors including financial performance. |
The current and future financial position of the company, its cash flows and liquidity have been reviewed by the directors. |
Following this review, the directors are confident that the company has sufficient resources to continue to operate for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis. |
Turnover |
Turnover represents fees receivable in respect of pupils at the school. |
Tangible fixed assets |
Tangible fixed assets are measured at cost or revalued amount less accumulated depreciation and any accumulated impairment costs. |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Land and buildings - Straight line over 25 years |
Plant and machinery etc - Straight line over 10 years and straight line over 3 years |
At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any impairment loss exists. |
MOORE HOUSE SCHOOL LIMITED (REGISTERED NUMBER: SC110906) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Basic financial assets |
Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Basic financial liabilities |
Basic financial liabilities, including certain creditors and loans from related undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
Pensions |
The company operates a money purchase grouped personal pension scheme for care staff. |
The company operates a final salary occupational pension scheme for teaching staff by participating in the Scottish Executive Teachers' Pension Scheme. |
The assets of the schemes are held separately from those of the company in independently administered funds. Contributions payable for the period are charged in the profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
MOORE HOUSE SCHOOL LIMITED (REGISTERED NUMBER: SC110906) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 July 2023 |
Disposals | ( |
) | ( |
) |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
All properties were valued in 2022 by DM Hall, Chartered Surveyors. The valuations were prepared in accordance with the SAVP and Guidance Notes issued by the Royal Institution of Chartered Surveyors on the Valuation of Assets. This valuation has been incorporated in the accounts. |
Cost or valuation at 30 June 2024 is represented by: |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2022 | 606,141 | - | 606,141 |
Cost | 938,859 | 1,528,449 | 2,467,308 |
1,545,000 | 1,528,449 | 3,073,449 |
If land and buildings had not been revalued they would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 938,859 | 938,859 |
Aggregate depreciation | 496,204 | 458,650 |
Land and buildings were valued on an open market basis on 12 December 2022 by DM Hall . |
MOORE HOUSE SCHOOL LIMITED (REGISTERED NUMBER: SC110906) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST OR VALUATION |
At 1 July 2023 |
Disposals | ( |
) |
Transfer to ownership | (43,462 | ) |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
Transfer to ownership | (32,293 | ) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
Net obligations under finance leases and hire purchase contracts are secured on the assets acquired. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by related undertakings | 141,039 | 147,582 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
MOORE HOUSE SCHOOL LIMITED (REGISTERED NUMBER: SC110906) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 July 2023 |
Transfer of amount equivalent to additional depreciation on revalued assets |
(42,799 |
) |
At 30 June 2024 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |