Company No: 02932587 (England and Wales)

Contents

• Company Information
• Director's Report
• Director's Responsibilities Statement
• Accountants' Report
• Statement of Income and Retained Earnings
• Statement of Financial Position
• Notes to the Financial Statements
• Detailed Profit and Loss Account

DIRECTOR

J F Ballintine

REGISTERED OFFICE	102 Chestnut Grove
	Balham
	London
	SW12 8JJ
	United Kingdom

COMPANY NUMBER

02932587 (England and Wales)

ACCOUNTANTS	Berg Kaprow Lewis LLP
	35 Ballards Lane
	London
	N3 1XW

The director presents this annual report and the unaudited financial statements of the company for the financial year ended 31 July 2024.

PRINCIPAL ACTIVITIES

The principal activity of The Montessori School Limited "the Company" is that of running a Montessori school specialising in dance.

DIRECTOR

The director, who served during the financial year and to the date of this report except as noted, was as follows:

J F Ballintine

This Director's Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption provided by section 415A of the Companies Act 2006.

Approved and signed by:

J F Ballintine Director

03 April 2025

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the director must not approve the financial statements unless the director is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that financial period.

In preparing these financial statements, the director is required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent;
* State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Montessori School Limited for the financial year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position and the related notes 1 to 10 from the company’s accounting records and from information and explanations you have given us.

We comply with the ethical and other professional requirements of the Institute of Chartered Accountants in England and Wales (ICAEW) which are detailed at www.icaew.com/regulation.

It is your duty to ensure that The Montessori School Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Montessori School Limited. You consider that The Montessori School Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of The Montessori School Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Director of The Montessori School Limited, as a body, in accordance with the terms of our engagement letter dated 05 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of The Montessori School Limited and state those matters that we have agreed to state to the director of The Montessori School Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Montessori School Limited and its Director as a body for our work or for this report.

Berg Kaprow Lewis LLP
Accountants

35 Ballards Lane
London
N3 1XW

04 April 2025

	Note	2024		2023
		£		£
Turnover		1,072,250		919,315
Cost of sales		( 542,381)		( 447,914)
Gross profit		529,869		471,401
Administrative expenses		( 273,313)		( 229,843)
Operating profit		256,556		241,558
Interest receivable and similar income		14,162		8,032
Profit before taxation		270,718		249,590
Tax on profit		( 69,815)		( 52,865)
Profit for the financial year		200,903		196,725
Retained earnings at the beginning of financial year		990,671		894,446
Profit for the financial year		200,903		196,725
Dividends declared and paid		( 196,790)		( 100,500)
Retained earnings at the end of financial year		994,784		990,671

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	6,260		6,118
		6,260		6,118
Current assets
Debtors
- due within one year	5	141,235		134,874
- due after more than one year	5	59,511		40,969
Cash at bank and in hand		967,231		954,704
		1,167,977		1,130,547
Creditors: amounts falling due within one year	6	( 179,452)		( 145,993)
Net current assets		988,525		984,554
Total assets less current liabilities		994,785		990,672
Net assets		994,785		990,672
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		994,784		990,671
Total shareholders' funds		994,785		990,672

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A – small entities.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of The Montessori School Limited (registered number: 02932587) were approved and authorised for issue by the Director. They were signed on its behalf by:

J F Ballintine Director

03 April 2025

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

The Montessori School Limited (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 102 Chestnut Grove, Balham, London, SW12 8JJ, United Kingdom.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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

Employee 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 Statement of Financial Position.

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 Statement of Financial Position 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	10 years straight line
Fixtures and fittings	4 years straight line
Office equipment	4 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.

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.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

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 at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	18		16

3. Tax on profit

	2024		2023
	£		£
Current tax on profit
UK corporation tax	69,815		52,865
Total current tax	69,815		52,865
Total tax on profit	69,815		52,865

4. Tangible assets

	Land and buildings		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 August 2023	6,551		144,083		11,120		161,754
Additions	0		1,964		1,639		3,603
At 31 July 2024	6,551		146,047		12,759		165,357
Accumulated depreciation
At 01 August 2023	6,551		139,853		9,232		155,636
Charge for the financial year	0		2,064		1,397		3,461
At 31 July 2024	6,551		141,917		10,629		159,097
Net book value
At 31 July 2024	0		4,130		2,130		6,260
At 31 July 2023	0		4,230		1,888		6,118

5. Debtors

	2024		2023
	£		£
Debtors: amounts falling due within one year
Trade debtors	0		3,047
Prepayments	6,278		3,335
Other debtors	134,957		128,492
	141,235		134,874
Debtors: amounts falling due after more than one year
Other debtors	59,511		40,969

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	1,972		2,744
Accruals	8,400		9,837
Taxation and social security	79,940		57,775
Other creditors	89,140		75,637
	179,452		145,993

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

8. Financial commitments

Pensions

The company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

	2024		2023
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	3,639		816

9. Directors advances, credits and guarantees

Included in other debtors is balance of £134,583 (2023: £128,492) owed by the director of the company. The loan is unsecured, and interest is charged at the HMRC official interest rate of 2.25% amounting to £3,339, with no fixed repayment terms. No amounts have been repaid during the year.

10. Ultimate controlling party

Parent Company:

Rose and Violet Education Limited

102 Chestnut Grove London SW12 8JJ United Kingdom

On 7 June 2024, the entire share capital of The Montessori School Limited was acquired by Rose and Violet Education Limited.

	2024		2023
	£		£
Turnover
Sales	1,072,250		919,315
Cost of sales
Direct costs	( 12,561)		( 13,100)
Wages and salaries	( 437,677)		( 368,563)
Employers NI	( 35,634)		( 28,567)
Pensions	( 4,305)		( 4,972)
Freelance costs	( 52,204)		( 32,712)
	(542,381)		(447,914)
Gross profit	529,869		471,401
Administrative expenses
Director's pension	( 60,000)		( 40,000)
Recruitment	( 8,285)		( 11,831)
Staff training and welfare	( 15,697)		( 15,638)
Travel and subsistence	( 150)		( 292)
Rent	( 66,626)		( 56,317)
Rates	( 12,939)		( 12,915)
Light and heat	( 5,117)		( 4,725)
Cleaning	( 18,127)		( 12,675)
Computer expenses	( 7,820)		( 9,171)
Internet, telephone and fax	( 5,435)		( 4,572)
Printing, postage and stationery	( 115)		( 1,516)
Security	( 607)		( 505)
Bank charges	( 2,350)		( 128)
Subscriptions	( 2,997)		( 1,264)
Insurance	( 3,861)		( 3,461)
Depreciation	( 3,461)		( 7,385)
Repairs and maintenance	( 23,320)		( 11,623)
Accountancy fees	( 15,616)		( 9,275)
Legal and professional fees	( 2,700)		( 3,624)
Advertising and PR	( 1,461)		( 2,631)
Staff entertainment	( 257)		0
Sundry expenses	( 16,372)		( 20,295)
	(273,313)		(229,843)
Operating profit	256,556		241,558
Interest receivable and similar income
Bank interest receivable	10,763		5,108
Other interest receivable	3,399		2,924
	14,162		8,032
Profit before taxation	270,718		249,590