IRIS Accounts Production v24.3.2.46 SC110906 Board of Directors 1.7.23 30.6.24 30.6.24 20.2.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1109062023-06-30SC1109062024-06-30SC1109062023-07-012024-06-30SC1109062022-06-30SC1109062022-07-012023-06-30SC1109062023-06-30SC110906ns15:Scotland2023-07-012024-06-30SC110906ns14:PoundSterling2023-07-012024-06-30SC110906ns10:Director12023-07-012024-06-30SC110906ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC110906ns10:SmallEntities2023-07-012024-06-30SC110906ns10:Audited2023-07-012024-06-30SC110906ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC110906ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC110906ns10:FullAccounts2023-07-012024-06-30SC110906ns10:Director22023-07-012024-06-30SC110906ns10:Director32023-07-012024-06-30SC110906ns10:Director42023-07-012024-06-30SC110906ns10:RegisteredOffice2023-07-012024-06-30SC110906ns5:CurrentFinancialInstruments2024-06-30SC110906ns5:CurrentFinancialInstruments2023-06-30SC110906ns5:Non-currentFinancialInstruments2024-06-30SC110906ns5:Non-currentFinancialInstruments2023-06-30SC110906ns5:ShareCapital2024-06-30SC110906ns5:ShareCapital2023-06-30SC110906ns5:RevaluationReserve2024-06-30SC110906ns5:RevaluationReserve2023-06-30SC110906ns5:RetainedEarningsAccumulatedLosses2024-06-30SC110906ns5:RetainedEarningsAccumulatedLosses2023-06-30SC110906ns5:LandBuildings2023-06-30SC110906ns5:PlantMachinery2023-06-30SC110906ns5:LandBuildings2023-07-012024-06-30SC110906ns5:PlantMachinery2023-07-012024-06-30SC110906ns5:LandBuildings2024-06-30SC110906ns5:PlantMachinery2024-06-30SC110906ns5:LandBuildings2023-06-30SC110906ns5:PlantMachinery2023-06-30SC110906ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-30SC110906ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-012024-06-30SC110906ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-06-30SC110906ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-30SC110906ns5:LeasedAssetsHeldAsLessee2023-07-012024-06-30SC110906ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC110906ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30SC110906ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: SC110906 (Scotland)













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: Mrs P Sheridan
L Sheridan
T J Callaghan
W Wood


REGISTERED OFFICE: Moore House School
Edinburgh Road
Bathgate
West Lothian
EH48 1EX


REGISTERED NUMBER: SC110906 (Scotland)


SENIOR STATUTORY AUDITOR: Douglas Paton BSc CA


AUDITORS: Bannerman Johnstone Maclay
Chartered Accountants
and Statutory Auditor
213 St Vincent Street
Glasgow
G2 5QY


BANKERS: The Royal Bank of Scotland plc
8 Hopetoun Street
Bathgate
West Lothian
EH48 4EU


SOLICITORS: P C McFarlane & Co
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 1,717,741 1,860,809

CURRENT ASSETS
Debtors 5 922,116 692,035
Cash at bank and in hand 916,577 266,376
1,838,693 958,411
CREDITORS
Amounts falling due within one year 6 672,979 711,141
NET CURRENT ASSETS 1,165,714 247,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,883,455

2,108,079

CREDITORS
Amounts falling due after more than one
year

7

-

24,501
NET ASSETS 2,883,455 2,083,578

CAPITAL AND RESERVES
Called up share capital 11,500 11,500
Revaluation reserve 8 984,371 1,027,170
Retained earnings 1,887,584 1,044,908
SHAREHOLDERS' FUNDS 2,883,455 2,083,578

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 Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





Mrs P Sheridan - Director


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 private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 151 (2023 - 134 ) .

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 1,545,000 1,567,768 3,112,768
Disposals - (39,319 ) (39,319 )
At 30 June 2024 1,545,000 1,528,449 3,073,449
DEPRECIATION
At 1 July 2023 61,800 1,190,159 1,251,959
Charge for year 61,800 74,588 136,388
Eliminated on disposal - (32,639 ) (32,639 )
At 30 June 2024 123,600 1,232,108 1,355,708
NET BOOK VALUE
At 30 June 2024 1,421,400 296,341 1,717,741
At 30 June 2023 1,483,200 377,609 1,860,809

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 77,786
Disposals (34,324 )
Transfer to ownership (43,462 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 50,133
Charge for year 9,804
Eliminated on disposal (27,644 )
Transfer to ownership (32,293 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 27,653

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 723,385 536,723
Amounts owed by related undertakings 141,039 147,582
Other debtors 57,692 7,730
922,116 692,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 13,568
Trade creditors 142,542 142,780
Taxation and social security 438,437 225,448
Other creditors 92,000 329,345
672,979 711,141

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 - 24,501

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023 1,027,170
Transfer of amount equivalent to additional
depreciation on revalued assets

(42,799

)


At 30 June 2024 984,371

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Douglas Paton BSc CA (Senior Statutory Auditor)
for and on behalf of Bannerman Johnstone Maclay