REGISTERED NUMBER: 03400504 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

MODERN MONTESSORI INTERNATIONAL

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Durgude

Mrs M Bourke-Gawley

SECRETARY:

B Durgude

REGISTERED OFFICE:

46 Leslie Grove

Croydon

Surrey

CR0 6TJ

REGISTERED NUMBER:

03400504 (England and Wales)

AUDITORS:

Chegwidden & Co

Statutory Auditors

Chartered Accountants

Priestley House

Priestley Gardens

Chadwell Heath

Essex, RM6 4SN

FIXED ASSETS

Intangible assets

4

2,367

3,155

Tangible assets

5

2,011,086

2,010,576

2,013,453

2,013,731

CURRENT ASSETS

Debtors

6

179,122

188,444

Cash at bank and in hand

7,222

70,629

186,344

259,073

CREDITORS

Amounts falling due within one year

7

148,876

130,703

NET CURRENT ASSETS

37,468

128,370

TOTAL ASSETS LESS CURRENT LIABILITIES

2,050,921

2,142,101

CREDITORS

Amounts falling due after more than one year

8

(917,944

)

(954,862

)

PROVISIONS FOR LIABILITIES

11

(1,459

)

(1,012

)

NET ASSETS

1,131,518

1,186,227

CAPITAL AND RESERVES

Called up share capital

378,250

378,250

Retained earnings

12

753,268

807,977

SHAREHOLDERS' FUNDS

1,131,518

1,186,227

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 26th November 2025 and were signed on its behalf by:

Mrs M Bourke-Gawley - Director

1.	STATUTORY INFORMATION

Modern Montessori International Limited is a private company, limited by shares , 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.

Turnover

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

Rendering of services

When providing day services, turnover is usually recognised on completion of the service and, for monthly engagements, it is recognised by reference to the stage of completion at the balance sheet date.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Land and buildings - No Depreciation

Plant and machinery etc - 25% on reducing balance

No depreciation is charged on freehold property since in the opinion of the directors, the charge is covered by the level of expenditure on the buildings upkeep.

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.

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.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

and 31st December 2024

7,464

AMORTISATION

At 1st January 2024

4,309

Charge for year

788

At 31st December 2024

5,097

NET BOOK VALUE

At 31st December 2024

2,367

At 31st December 2023

3,155

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

2,005,251

65,754

2,071,005

Additions

-

1,913

1,913

At 31st December 2024

2,005,251

67,667

2,072,918

DEPRECIATION

At 1st January 2024

-

60,429

60,429

Charge for year

-

1,403

1,403

At 31st December 2024

-

61,832

61,832

NET BOOK VALUE

At 31st December 2024

2,005,251

5,835

2,011,086

At 31st December 2023

2,005,251

5,325

2,010,576

Included in cost of land and buildings is freehold land of £ 2,005,251 (2023 - £ 2,005,251 ) which is not depreciated.

No depreciation is charged on freehold property since in the opinion of the directors, the charge is covered by the level of expenditure on the buildings upkeep.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,669

10,940

Other debtors

171,453

177,504

179,122

188,444

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

41,029

39,738

Trade creditors

19,510

20,692

Taxation and social security

31,782

13,327

Other creditors

56,555

56,946

148,876

130,703

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

917,944

954,862

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

752,176

792,898

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

-

21,500

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

958,973

994,600

The bank loans were secured on the company's freehold properties at 46 Leslie Grove, Surrey by a debenture incorporating a fixed and floating charge over all current and future assets of the company.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

1,459

1,012

Deferred

tax

£

Balance at 1st January 2024

1,012

Provided during year

447

Balance at 31st December 2024

1,459

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

12.

RESERVES

Retained

earnings

£

At 1st January 2024

807,977

Profit for the year

65,291

Dividends

(120,000

)

At 31st December 2024

753,268

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

The Report of the Auditors was unqualified.

Paul Harris (Senior Statutory Auditor)

for and on behalf of Chegwidden & Co

14.	RELATED PARTY DISCLOSURES

During the year no dividends (2023 - £32,000) were paid to the directors.