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REGISTERED NUMBER: 02991059 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

THE MERLIN SCHOOL LIMITED

THE MERLIN SCHOOL LIMITED (REGISTERED NUMBER: 02991059)






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


THE MERLIN SCHOOL LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: T A Houstoun-Boswall
A G Moore





REGISTERED OFFICE: 107 Hindes Road
Harrow
Middlesex
HA1 1RU





BUSINESS ADDRESS: 4 Carlton Drive
Putney
London
SW15 2BZ





REGISTERED NUMBER: 02991059 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
107 Hindes Road
Harrow
Middlesex
HA1 1RU

THE MERLIN SCHOOL LIMITED (REGISTERED NUMBER: 02991059)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,078,972 1,089,719
1,078,972 1,089,719

CURRENT ASSETS
Debtors 6 444,565 389,387
Investments 7 451,916 430,109
Cash at bank and in hand 2,035,078 1,719,963
2,931,559 2,539,459
CREDITORS
Amounts falling due within one year 8 959,360 859,684
NET CURRENT ASSETS 1,972,199 1,679,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,051,171

2,769,494

CREDITORS
Amounts falling due after more than one
year

9

(756,194

)

(778,194

)

PROVISIONS FOR LIABILITIES (3,022 ) (931 )
NET ASSETS 2,291,955 1,990,369

CAPITAL AND RESERVES
Called up share capital 600,002 600,002
Retained earnings 1,691,953 1,390,367
SHAREHOLDERS' FUNDS 2,291,955 1,990,369

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 10 December 2024 and were signed on its behalf by:



A G Moore - Director


THE MERLIN SCHOOL LIMITED (REGISTERED NUMBER: 02991059)

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

1. STATUTORY INFORMATION

The Merlin 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 1998, is being amortised evenly over its estimated useful life of twenty 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 each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance

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.

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 NIL (2023 - 46 ).

THE MERLIN SCHOOL LIMITED (REGISTERED NUMBER: 02991059)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 912,316
AMORTISATION
At 1 September 2023
and 31 August 2024 912,316
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 1,278,274 149,817 222,176 1,650,267
Additions - - 17,102 17,102
At 31 August 2024 1,278,274 149,817 239,278 1,667,369
DEPRECIATION
At 1 September 2023 204,000 149,577 206,971 560,548
Charge for year 17,000 80 10,769 27,849
At 31 August 2024 221,000 149,657 217,740 588,397
NET BOOK VALUE
At 31 August 2024 1,057,274 160 21,538 1,078,972
At 31 August 2023 1,074,274 240 15,205 1,089,719

Included in cost of land and buildings is freehold land of £ 423,781 (2023 - £ 423,781 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 421,090 369,799
Other debtors 23,475 19,588
444,565 389,387

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 451,916 430,109

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,893 24,377
Trade creditors 7,799 -
Taxation and social security 130,269 91,061
Other creditors 764,399 744,246
959,360 859,684

THE MERLIN SCHOOL LIMITED (REGISTERED NUMBER: 02991059)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 756,194 778,194

10. RELATED PARTY DISCLOSURES

At the Balance Sheet date the company owed the director Sir T A Houstoun-Boswall £110 (2023 110).

No dividends were paid during the financial year to 31 August 2024.




11. ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Sir T A Houstoun-Boswall, by virtue of his 100% shareholding in the company's issued ordinary share capital.