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REGISTERED NUMBER: 11676081 (England and Wales)















Kings Monkton School Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






Kings Monkton School Limited (Registered number: 11676081)






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


Kings Monkton School Limited

Company Information
for the Year Ended 31 August 2024







Directors: P R Norton
K Norton





Registered office: 6 West Grove
Cardiff
CF24 3XL





Registered number: 11676081 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Kings Monkton School Limited (Registered number: 11676081)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 89,743 130,041
89,743 130,041

Current assets
Debtors 6 88,334 165,156
Cash at bank 2,590,238 1,508,692
2,678,572 1,673,848
Creditors
Amounts falling due within one year 7 (2,169,118 ) (1,443,616 )
Net current assets 509,454 230,232
Total assets less current liabilities 599,197 360,273

Provisions for liabilities (22,437 ) (32,510 )
Net assets 576,760 327,763

Capital and reserves
Called up share capital 100 100
Retained earnings 576,660 327,663
576,760 327,763

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 directors acknowledge their 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 Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





P R Norton - Director


Kings Monkton School Limited (Registered number: 11676081)

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

1. Statutory information

Kings Monkton 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies, 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial assets and liabilities are offset and 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.

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.

Kings Monkton School Limited (Registered number: 11676081)

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

2. Accounting policies - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 123 (2023 - 120 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 September 2023
and 31 August 2024 225,927
Amortisation
At 1 September 2023
and 31 August 2024 225,927
Net book value
At 31 August 2024 -
At 31 August 2023 -

5. Tangible fixed assets
Freehold Plant and
property machinery Totals
£    £    £   
Cost
At 1 September 2023 114,944 321,237 436,181
Additions - 23,222 23,222
At 31 August 2024 114,944 344,459 459,403
Depreciation
At 1 September 2023 88,815 217,325 306,140
Charge for year 22,988 40,532 63,520
At 31 August 2024 111,803 257,857 369,660
Net book value
At 31 August 2024 3,141 86,602 89,743
At 31 August 2023 26,129 103,912 130,041

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 50,812 110,886
Other debtors 37,522 54,270
88,334 165,156

Kings Monkton School Limited (Registered number: 11676081)

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

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 99,554 82,401
Tax 93,083 -
Social security and other taxes 59,780 133,286
Other creditors 1,916,701 1,227,929
2,169,118 1,443,616

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 162,152 170,411
Between one and five years 29,221 86,620
191,373 257,031

9. Ultimate controlling party

The controlling party is P R Norton.