Company Registration No. 14960436 (England and Wales)
SAFE HAVEN ALTERNATIVE PROVISION OF EXCELLENCE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
SAFE HAVEN ALTERNATIVE PROVISION OF EXCELLENCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SAFE HAVEN ALTERNATIVE PROVISION OF EXCELLENCE LIMITED
BALANCE SHEET
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
8,757
Current assets
Debtors
4
18,909
Cash at bank and in hand
5,706
24,615
Creditors: amounts falling due within one year
5
(155,661)
Net current liabilities
(131,046)
Net liabilities
(122,289)
Capital and reserves
Called up share capital
6
1,000
Profit and loss reserves
(123,289)
Total equity
(122,289)
For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 24 March 2025 and are signed on its behalf by:
Mr S Younas
Director
Company registration number 14960436 (England and Wales)
SAFE HAVEN ALTERNATIVE PROVISION OF EXCELLENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Safe Haven Alternative Provision of Excellence Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3.1 Clarendon Park Clumber Avenue, Nottingham, England, NG5 1AH.
1.1
Reporting period
These financial statements cover the period from the company's incorporation on 26 June 2023 to 30 June 2024, the accounting period having being extended slightly to run to the nearest month end date. Trading did not commence until 1 February 2024.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
The director is satisfied that the company will have adequate financial resources in place to continue its operations for a period of at least one year from the date of approval of these financial statements. Accordingly, these financial statements have been prepared using the going concern basis.true
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for teaching services provided in the normal course of business.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15 per cent per annum on cost
Computers
20 per cent per annum on cost
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.
SAFE HAVEN ALTERNATIVE PROVISION OF EXCELLENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.7
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
Current tax
There is no charge to current taxation due to losses incurred in this, the company's first, period of trade.
Deferred tax
Losses in the company's first accounting period give rise to a potential deferred tax asset of £23,000; however, given the uncertain timeframe for utilisation, the director has decided not to recognise this potential asset in these financial statements.
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
SAFE HAVEN ALTERNATIVE PROVISION OF EXCELLENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
6
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 26 June 2023
Additions
3,284
6,013
9,297
At 30 June 2024
3,284
6,013
9,297
Depreciation and impairment
At 26 June 2023
Depreciation charged in the period
165
375
540
At 30 June 2024
165
375
540
Carrying amount
At 30 June 2024
3,119
5,638
8,757
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
18,909
5
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
153,500
Other creditors
2,161
155,661
SAFE HAVEN ALTERNATIVE PROVISION OF EXCELLENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 5 -
6
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
7
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
£
240,000