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Company No: 02615792 (England and Wales)

ROXETH MEAD (BUCKHOLT) LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

ROXETH MEAD (BUCKHOLT) LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

ROXETH MEAD (BUCKHOLT) LTD

COMPANY INFORMATION

For the financial year ended 31 August 2024
ROXETH MEAD (BUCKHOLT) LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTORS C J Blunt
S M Goodwin
S L Mackintosh
REGISTERED OFFICE Pinner Wood Cottage
Woodhall Road
Pinner
HA5 4UA
United Kingdom
COMPANY NUMBER 02615792 (England and Wales)
ACCOUNTANT Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
ROXETH MEAD (BUCKHOLT) LTD

BALANCE SHEET

As at 31 August 2024
ROXETH MEAD (BUCKHOLT) LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 261,842 268,481
261,842 268,481
Current assets
Stocks 4 0 353
Debtors 5 436,624 425,853
Cash at bank and in hand 115,275 85,650
551,899 511,856
Creditors: amounts falling due within one year 6 ( 85,383) ( 139,527)
Net current assets 466,516 372,329
Total assets less current liabilities 728,358 640,810
Net assets 728,358 640,810
Capital and reserves
Called-up share capital 120,200 120,200
Profit and loss account 608,158 520,610
Total shareholder's funds 728,358 640,810

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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Roxeth Mead (Buckholt) Ltd (registered number: 02615792) were approved and authorised for issue by the Board of Directors on 06 March 2025. They were signed on its behalf by:

C J Blunt
Director
ROXETH MEAD (BUCKHOLT) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
ROXETH MEAD (BUCKHOLT) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Roxeth Mead (Buckholt) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Pinner Wood Cottage, Woodhall Road, Pinner, HA5 4UA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Roxeth Mead (Buckholt) Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

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

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue arises from the provision of education services.
Revenue is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 100 years straight line
Office equipment 20 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 16 21

3. Tangible assets

Land and buildings Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 September 2023 373,313 7,019 4,870 385,202
Additions 0 0 450 450
Disposals 0 ( 264) ( 1,483) ( 1,747)
At 31 August 2024 373,313 6,755 3,837 383,905
Accumulated depreciation
At 01 September 2023 112,354 2,052 2,315 116,721
Charge for the financial year 4,914 978 1,197 7,089
Disposals 0 ( 264) ( 1,483) ( 1,747)
At 31 August 2024 117,268 2,766 2,029 122,063
Net book value
At 31 August 2024 256,045 3,989 1,808 261,842
At 31 August 2023 260,959 4,967 2,555 268,481

Bank loans of £355,662 (2023 - £436,545 ) in the name of immediate and ultimate parent company Hall Holdings (Education) Limited are secured by way of a fixed and floating charge over the above Freehold Land and Buildings.

4. Stocks

2024 2023
£ £
Stocks 0 353

5. Debtors

2024 2023
£ £
Trade debtors 1,396 929
Amounts owed by Group undertakings 411,815 322,768
Prepayments 23,171 20,685
Other debtors 242 81,471
436,624 425,853

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 13,069 59,498
Accruals 4,321 13,782
Taxation and social security 33,075 9,659
Other creditors 34,918 56,588
85,383 139,527

7. Ultimate controlling party

The ultimate parent undertaking is Hall Holdings (Education) Limited, a company registered in England and Wales.