Registered number
01527406
Nant-Y-Cwm Steiner School Limited
Filleted Accounts
31 August 2024
Nant-Y-Cwm Steiner School Limited
Registered number: 01527406
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 351,343 350,844
Current assets
Debtors 4 46,839 50,046
Cash at bank and in hand 26,188 829
73,027 50,875
Creditors: amounts falling due within one year 5 (70,588) (33,219)
Net current assets 2,439 17,656
Total assets less current liabilities 353,782 368,500
Creditors: amounts falling due after more than one year 6 (144,376) (122,447)
Net assets 209,406 246,053
Capital and reserves
Revaluation reserve 7 259,167 259,167
Profit and loss account (49,761) (13,114)
Shareholders' funds 209,406 246,053
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M.W. Hargreaves
Director
Approved by the board on 16 May 2025
Nant-Y-Cwm Steiner School Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
All fixed assets are initially recorded at cost.
Land and buildings Land and buildings were last revalued in April 2020
Plant and machinery It is not considered necessary to depreciate pland and machinery
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 24 18
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 350,000 844 350,844
Additions - 499 499
At 31 August 2024 350,000 1,343 351,343
Depreciation
At 31 August 2024 - - -
Net book value
At 31 August 2024 350,000 1,343 351,343
At 31 August 2023 350,000 844 350,844
Land and buildings were last revalued in May 2021.
4 Debtors 2024 2023
£ £
Trade debtors 42,662 43,768
Other debtors 4,177 6,278
46,839 50,046
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 6,394
Trade creditors 3,861 6,878
Taxation and social security costs 3,010 4,247
Other creditors 63,717 15,700
70,588 33,219
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 114,376 92,447
Other creditors 30,000 30,000
144,376 122,447
7 Revaluation reserve 2024 2023
£ £
At 1 September 2023 259,167 259,167
At 31 August 2024 259,167 259,167
8 Other information
Nant-Y-Cwm Steiner School Limited is a private company limited by shares and incorporated in England. Its registered office is:
Llanycefn
Clunderwen
Pembrokeshire
SA66 7QJ
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