SOLIHULL SCHOOL ENTERPRISES LIMITED

Company Registration Number:
11150476 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

SOLIHULL SCHOOL ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SOLIHULL SCHOOL ENTERPRISES LIMITED

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The company carries out the activities of the provision and hiring of the facilities of its parent company, Solihull School, to third parties.



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Damian Kelly
Ian Ralph


Secretary Richard Bate

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
6 December 2024

And signed on behalf of the board by:
Name: Damian Kelly
Status: Director

SOLIHULL SCHOOL ENTERPRISES LIMITED

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 228,809 186,442
Cost of sales: ( 51,537 ) ( 40,946 )
Gross profit(or loss): 177,272 145,496
Distribution costs: 0 0
Administrative expenses: ( 8,344 ) ( 7,263 )
Other operating income: 0 0
Operating profit(or loss): 168,928 138,233
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 168,928 138,233
Tax: 0 0
Profit(or loss) for the financial year: 168,928 138,233

SOLIHULL SCHOOL ENTERPRISES LIMITED

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 66,623 45,449
Cash at bank and in hand: 115,696 140,749
Total current assets: 182,319 186,198
Creditors: amounts falling due within one year: 4 ( 13,390 ) ( 47,964 )
Net current assets (liabilities): 168,929 138,234
Total assets less current liabilities: 168,929 138,234
Total net assets (liabilities): 168,929 138,234
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 168,928 138,233
Total Shareholders' funds: 168,929 138,234

The notes form part of these financial statements

SOLIHULL SCHOOL ENTERPRISES LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 6 December 2024
and signed on behalf of the board by:

Name: Damian Kelly
Status: Director

The notes form part of these financial statements

SOLIHULL SCHOOL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for rents, net of VAT. Revenue is recognised when it is receivable.

    Other accounting policies

    CASH AND CASH EQUIVALENTS Cash and cash equivalents 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. FINANCIAL ASSETS The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial assets are recognised in the Company's statement of financial position when the Company becomes party to the contractual provisions of the instrument. Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, 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. FINANCIAL LIABILITIES Basic financial liabilities are initially measured 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. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

SOLIHULL SCHOOL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SOLIHULL SCHOOL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Trade debtors 66,623 45,449
Total 66,623 45,449

SOLIHULL SCHOOL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 6,450
Accruals and deferred income 6,700 8,779
Other creditors 240 39,185
Total 13,390 47,964