1 September 2024 false Taxfiler 2024.6 02784251 business:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 02784251 2024-08-31 02784251 2024-09-01 2025-08-31 02784251 business:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 02784251 business:FilletedAccounts 2024-09-01 2025-08-31 02784251 2025-08-31 02784251 business:Director1 2024-09-01 2025-08-31 02784251 business:CompanySecretary1 2024-09-01 2025-08-31 02784251 business:RegisteredOffice 2024-09-01 2025-08-31 02784251 2024-08-31 02784251 core:WithinOneYear 2025-08-31 02784251 core:WithinOneYear 2024-08-31 02784251 core:AfterOneYear 2025-08-31 02784251 core:AfterOneYear 2024-08-31 02784251 core:ShareCapital core:PreviouslyStatedAmount 2025-08-31 02784251 core:ShareCapital core:PreviouslyStatedAmount 2024-08-31 02784251 core:SharePremium core:PreviouslyStatedAmount 2025-08-31 02784251 core:SharePremium core:PreviouslyStatedAmount 2024-08-31 02784251 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-08-31 02784251 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 02784251 core:PreviouslyStatedAmount 2025-08-31 02784251 core:PreviouslyStatedAmount 2024-08-31 02784251 business:SmallEntities 2024-09-01 2025-08-31 02784251 countries:EnglandWales 2024-09-01 2025-08-31 02784251 core:LandBuildings 2024-09-01 2025-08-31 02784251 core:FurnitureFittings 2024-09-01 2025-08-31 02784251 core:ComputerEquipment 2024-09-01 2025-08-31 02784251 core:Goodwill 2024-08-31 02784251 core:Goodwill 2025-08-31 02784251 core:LandBuildings 2024-08-31 02784251 core:FurnitureFittings 2024-08-31 02784251 core:ComputerEquipment 2024-08-31 02784251 core:LandBuildings 2025-08-31 02784251 core:FurnitureFittings 2025-08-31 02784251 core:ComputerEquipment 2025-08-31 02784251 core:WithinOneYear 2024-09-01 2025-08-31 02784251 core:AfterOneYear 2024-09-01 2025-08-31 02784251 core:BetweenOneFiveYears 2025-08-31 02784251 core:BetweenOneFiveYears 2024-08-31 02784251 core:MoreThanFiveYears 2025-08-31 02784251 core:MoreThanFiveYears 2024-08-31 02784251 business:Director1 1 2024-09-01 2025-08-31 02784251 business:Director1 1 2024-08-31 02784251 business:Director1 1 2025-08-31 02784251 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 02784251 (England and Wales)
SINCLAIR HOUSE SCHOOL LIMITED Unaudited accounts for the year ended 31 August 2025
SINCLAIR HOUSE SCHOOL LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
SINCLAIR HOUSE SCHOOL LIMITED Company Information for the year ended 31 August 2025
Director
Mrs C O'Sullivan
Secretary
Mr R O'Sullivan
Company Number
02784251 (England and Wales)
Registered Office
Sinclair House School Limited 159 Munster Road London SW6 6DA England
Accountants
Tiffany Purves from About Finance Limited 9 Danesfield Ripley Surrey GU23 6LS
- 3 -
SINCLAIR HOUSE SCHOOL LIMITED Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
30,788
33,637
Current assets
Debtors
6
652,457
1,353,397
Creditors: amounts falling due within one year
7
(793,949)
(1,128,729)
Net current (liabilities)/assets
(141,492)
224,668
Total assets less current liabilities
(110,704)
258,305
Creditors: amounts falling due after more than one year
8
(131,531)
(624,556)
Provisions for liabilities
Deferred tax
-
(69)
Net liabilities
(242,235)
(366,320)
Capital and reserves
Called up share capital
100
100
Share premium
2,455
2,455
Profit and loss account
(244,790)
(368,875)
Shareholders' funds
(242,235)
(366,320)
For the year ending 31 August 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 director acknowledges her 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 and authorised for issue on 7 November 2025 and were signed on its behalf by
Mrs C O'Sullivan Director Company Registration No. 02784251
- 4 -
SINCLAIR HOUSE SCHOOL LIMITED Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
SINCLAIR HOUSE SCHOOL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02784251. The registered office is Sinclair House School Limited, 159 Munster Road, London, SW6 6DA, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 period of lease
Fixtures & fittings
15%
Computer equipment
25%
Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2009, is being amortised evenly over its estimated useful life of ten years.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
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.
- 5 -
SINCLAIR HOUSE SCHOOL LIMITED Notes to the Accounts for the year ended 31 August 2025
Leased assets
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024
56,000
At 31 August 2025
56,000
Amortisation
At 1 September 2024
56,000
At 31 August 2025
56,000
Net book value
At 31 August 2025
-
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
46,128
38,650
99,194
183,972
At 31 August 2025
46,128
38,650
99,194
183,972
Depreciation
At 1 September 2024
12,768
38,650
98,917
150,335
Charge for the year
2,572
-
277
2,849
At 31 August 2025
15,340
38,650
99,194
153,184
Net book value
At 31 August 2025
30,788
-
-
30,788
At 31 August 2024
33,360
-
277
33,637
- 6 -
SINCLAIR HOUSE SCHOOL LIMITED Notes to the Accounts for the year ended 31 August 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
165,690
441,454
Amounts due from group undertakings etc.
268,324
660,756
Accrued income and prepayments
22,583
21,867
Other debtors
195,860
229,320
652,457
1,353,397
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
173,056
61,009
Trade creditors
69,216
123,871
Taxes and social security
202,389
231,977
Other creditors
96,795
121,157
Accruals
252,493
-
Deferred income
-
590,715
793,949
1,128,729
Bank borrowings of £108,122 (2024 - £61,009) are secured by way of fixed and floating charges over the company's assets in favour of HSBC plc.
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
60,959
120,634
Other creditors
70,572
503,922
131,531
624,556
Bank loans of £106,144 (2024 - £120,634) are secured by way of a secured debenture via fixed and floating charges in favour of HSBC plc.
9
Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. the pension cost charge represents contributions payable by the company to the fund and amounted to £15,164 (2024 - £15,553)
10
Operating lease commitments
2025
2024
£
£
At 31 August 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
68,280
63,620
Later than one year and not later than five years
273,120
254,480
Later than five years
854,520
734,220
1,195,920
1,052,320
- 7 -
SINCLAIR HOUSE SCHOOL LIMITED Notes to the Accounts for the year ended 31 August 2025
11
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mrs C O'Sullivan
Loan
660,758
-
376,635
284,123
660,758
-
376,635
284,123
The loan with the company is repayable on demand with interest charge where applicable at the prevailing HM Revenue & Customs rate.
12
Transactions with related parties
There is just the directors loan account that is outstanding at year end for £284,123 that is charged at 2% interest and due on demand.
13
Average number of employees
During the year the average number of employees was 17 (2024: 17).
- 8 -