Company Registration No. 15181593 (England and Wales)
Norland Place School Limited
Unaudited accounts
for the period from 2 October 2023 to 31 March 2025
Norland Place School Limited
Unaudited accounts
Contents
Norland Place School Limited
Company Information
for the period from 2 October 2023 to 31 March 2025
Directors
Patrick Mattar
Andrea Mattar
Company Number
15181593 (England and Wales)
Registered Office
162-166 Holland Park Avenue
London
W11 4UH
United Kingdom
Accountants
Embee Oak
Unit 14 Mill Stream Lodge
Uxbridge Road
Rickmansworth
Herts
WD3 8JQ
Norland Place School Limited
Statement of financial position
as at 31 March 2025
Intangible assets
5,486,867
Cash at bank and in hand
2,484,439
Creditors: amounts falling due within one year
(4,861,911)
Net current liabilities
(1,400,711)
Total assets less current liabilities
4,911,073
Provisions for liabilities
Called up share capital
100
Profit and loss account
442,639
Shareholders' funds
4,857,039
For the period ending 31 March 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Patrick Mattar
Director
Company Registration No. 15181593
Norland Place School Limited
Notes to the Accounts
for the period from 2 October 2023 to 31 March 2025
Norland Place School Limited is a private company, limited by shares, registered in England and Wales, registration number 15181593. The registered office is 162-166 Holland Park Avenue, London, W11 4UH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents amounts receivable for schools fees, events and other services delivered during the year. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover from school fees is recognised on a straight line basis over the year to which they relate. Turnover from events and other services is recognised when the event has taken place or the service has been delivered.
Goodwill represents the excess of the cost of a business combination over the fair value of the net assets acquired at the date of acquisition. Goodwill is recognised as an asset and is amortised on a straight-line basis.
The directors consider that the useful economic life of goodwill cannot be measured reliably, as it is based on factors such as reputation, pupil demand, community standing and the school’s established history, all of which are subject to inherent uncertainty. In accordance with FRS 102, goodwill is therefore being amortised over a period of 10 years, which is the maximum permitted when a reliable estimate of useful life cannot be made.
Goodwill is reviewed for indicators of impairment at each reporting date and is written down if events or changes in circumstances indicate that the carrying amount may not be recoverable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the term of the lease
Motor vehicles
20% reducing balance
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Norland Place School Limited
Notes to the Accounts
for the period from 2 October 2023 to 31 March 2025
The financial statements have been prepared on a going concern basis, as the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Intangible fixed assets
Goodwill
At 2 October 2023
6,331,000
At 31 March 2025
6,331,000
Charge for the period
844,133
At 31 March 2025
5,486,867
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Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 2 October 2023
-
-
-
-
-
Additions
735,224
54,590
69,675
43,515
903,004
At 31 March 2025
735,224
54,590
69,675
43,515
903,004
Charge for the period
9,680
11,899
40,955
15,553
78,087
At 31 March 2025
9,680
11,899
40,955
15,553
78,087
At 31 March 2025
725,544
42,691
28,720
27,962
824,917
Norland Place School Limited
Notes to the Accounts
for the period from 2 October 2023 to 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
230,182
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Creditors: amounts falling due within one year
2025
Taxes and social security
571,366
Loans from directors
1,647,554
8
Operating lease commitments
2025
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
164,614
Later than one year and not later than five years
521,536
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Average number of employees
During the period the average number of employees was 49.