NATD Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00514396 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NATIONAL ASSOCIATION OF TEACHERS OF

DANCING LIMITED(THE)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Dawson

M Waite

K R Page

A Pearson

K M Webster

R A Meech

A Brunton

Y M Mollon

W E Bates

G Hinchliffe

S L Waite-Roberts

S M Johnson

J R Dieguez

SECRETARY:

T O J Shepherd

REGISTERED OFFICE:

National House

Turnfields Court

Turnfields

Thatcham

Berkshire

RG19 4PT

REGISTERED NUMBER:

00514396 (England and Wales)

SENIOR STATUTORY AUDITOR:

Dawn O'Leary CA

AUDITORS:

Davis Burton Sellek

Chartered Accountants

Statutory Auditors

The Galleries

Charters Road

Sunningdale

Berkshire

SL5 9QJ

FIXED ASSETS

Tangible assets

4

16,014

19,903

CURRENT ASSETS

Stocks

5

6,379

2,014

Debtors

6

94,305

78,886

Investments

7

896,210

859,019

Cash at bank and in hand

398,762

476,780

1,395,656

1,416,699

CREDITORS

Amounts falling due within one year

8

76,544

75,382

NET CURRENT ASSETS

1,319,112

1,341,317

TOTAL ASSETS LESS CURRENT

LIABILITIES

1,335,126

1,361,220

PROVISIONS FOR LIABILITIES

10

76,783

51,545

NET ASSETS

1,258,343

1,309,675

RESERVES

Benevolent Fund

11

9,864

9,780

Retained earnings

11

1,248,479

1,299,895

MEMBERS' FUNDS

1,258,343

1,309,675

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 6 October 2025 and were signed on its behalf by:

K R Page - Director

1.	STATUTORY INFORMATION

National Association of Teachers of Dancing Limited(The) is a private company, limited by guarantee , 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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. Through the NATD Business Plan the directors have prepared budgets and projections demonstrating the company's ability to continue as a going concern for a period of at least twelve months. Whilst the directors recognise that there are still challenges and uncertainties facing the company and the industry, they remain confident moving forward. The directors will therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration for ballroom and theatrical examination fees and services invoiced and supplied by the Association in the year and then also subscriptions in the year as described within the deferred income accounting policy. The Association is not registered for VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors 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 assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.

Deferred income

The Association's subscription year runs to the close of March alongside the financial year and any of the subscriptions received ahead of the year end that relate to a future subscription period are carried forward within deferred income in line with the adopted accounting policy of the Association.

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 11 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

79,447

Additions

1,580

At 31 March 2025

81,027

DEPRECIATION

At 1 April 2024

59,544

Charge for year

5,469

At 31 March 2025

65,013

NET BOOK VALUE

At 31 March 2025

16,014

At 31 March 2024

19,903

5.

STOCKS

2025

2024

as restated

£

Stock

6,379

2,014

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Trade debtors

81,805

72,636

Other debtors

12,500

6,250

94,305

78,886

7.	CURRENT ASSET INVESTMENTS

2025

2024

as restated

£

Investments

896,210

859,019

The cost of the investments at 31 March 2025 was £600,000 (2024 - £600,000).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Taxation and social security

4,661

5,832

Other creditors

71,883

69,550

76,544

75,382

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

as restated

£

Within one year

25,000

Between one and five years

50,000

75,000

100,000

10.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

Deferred taxation

76,783

51,545

Deferred

tax

£

Balance at 1 April 2024

51,545

Provided during year

25,238

Balance at 31 March 2025

76,783

11.

RESERVES

Retained

Benevolent

earnings

Fund

Totals

£

At 1 April 2024

1,299,895

9,780

1,309,675

Deficit for the year

(51,416

)

(51,416

)

Interest Received

-

84

At 31 March 2025

1,248,479

9,864

1,258,343

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dawn O'Leary CA (Senior Statutory Auditor)

for and on behalf of Davis Burton Sellek

13.	RELATED PARTY DISCLOSURES

Included under the headings of examination fees and examination expenses of £80,473 (2024 : £87,122) and £28,353 (2024 : £35,883) respectively are fees of £15,106 (2024 : £19,783) and expenses of £4,616 (2024 : £7,499) paid to Directors of the Association who are in turn members of the Council of Management in performance of their services as Examiners.