REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 21 DECEMBER 2022 TO 31 AUGUST 2023 |
FOR |
ROOKWOOD SCHOOL LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 21 DECEMBER 2022 TO 31 AUGUST 2023 |
FOR |
ROOKWOOD SCHOOL LIMITED |
ROOKWOOD SCHOOL LIMITED (REGISTERED NUMBER: 14553360) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 DECEMBER 2022 TO 31 AUGUST 2023 |
Page |
Company Information | 1 |
Chartered Certified Accountants' Report | 2 |
Statement of Financial Position | 3 |
Notes to the Financial Statements | 4 |
ROOKWOOD SCHOOL LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 21 DECEMBER 2022 TO 31 AUGUST 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
163 Herne Hill |
London |
SE24 9LR |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ROOKWOOD SCHOOL LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rookwood School Limited for the period ended 31 August 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Rookwood School Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rookwood School Limited and state those matters that we have agreed to state to the Board of Directors of Rookwood School Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at |
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. |
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Rookwood 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 loss of Rookwood School Limited. You consider that Rookwood School Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Rookwood 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. |
Chartered Certified Accountants |
163 Herne Hill |
London |
SE24 9LR |
ROOKWOOD SCHOOL LIMITED (REGISTERED NUMBER: 14553360) |
STATEMENT OF FINANCIAL POSITION |
31 AUGUST 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash and cash equivalents |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
ROOKWOOD SCHOOL LIMITED (REGISTERED NUMBER: 14553360) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 21 DECEMBER 2022 TO 31 AUGUST 2023 |
1. | STATUTORY INFORMATION |
Rookwood School Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound. |
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 |
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. |
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 each asset over its estimated useful life. |
Land and buildings - 1% on cost |
Office Equipment & Furniture - 10% Reducing Balance |
Plant and machinery etc - 10% on reducing balance |
Computer equipments - 20% Reducing Balance |
Taxation |
Taxation for the period 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 statement of financial position date. |
ROOKWOOD SCHOOL LIMITED (REGISTERED NUMBER: 14553360) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 DECEMBER 2022 TO 31 AUGUST 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
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 period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 August 2023 |
AMORTISATION |
Charge for period |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
ROOKWOOD SCHOOL LIMITED (REGISTERED NUMBER: 14553360) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 21 DECEMBER 2022 TO 31 AUGUST 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
Additions |
At 31 August 2023 |
DEPRECIATION |
Charge for period |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to associates | 481,378 |
Taxation and social security |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
Park Hill School Limited, First Steps (London) Limited, Trade Tower Limited, Warlingham Park School Limited, Walton Montessori Limited, Collingwood School Limited, Inspired Learning Group London Limited, Gidea Park College Limited, The Study School Limited, Inspired Learning Group(UK) Limited, Essendene Lodge School Limited, Westbury House School Limited, Grange Park Preparatory School Limited, Danesfield Manor School Limited, St Francis College Limited, Saint Felix School Limited, Yateley Manor School London Limited are considered related parties by virtue of Mr A Mehta's interest in these entities. The amounts owed by the company to these related parties amount to £481,378. No interest was charged on the balances. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is A K Mehta. |
Mr A Mehta controls 100% of the share capital of Inspired Learning Group (London)(1) Limited. which is the parent company of the group. |
The registered office of Inspired Learning Group (London)(1) Limited is Georgian House, Park Lane, Stanmore, England, HA7 3HD. |