REGISTERED NUMBER: 09259824 (England and Wales)

Financial Statements

for the Period

1 September 2024 to 28 February 2026

for

Longfield Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K D Bernstone

A Sweeten

T J Fisher

SECRETARY:

G Hart

REGISTERED OFFICE:

C/O Longfield Academy

Longfield Road

Darlington

Co Durham

DL3 0HT

REGISTERED NUMBER:

09259824 (England and Wales)

SENIOR STATUTORY AUDITOR:

Rebecca Davison BA ACA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Great North House, Allington Way

DARLINGTON

Co Durham

DL1 4QB

FIXED ASSETS

Tangible assets

4

-

477

CURRENT ASSETS

Debtors

5

-

23,729

Cash at bank

34,357

973

34,357

24,702

CREDITORS

Amounts falling due within one year

6

(13,687

)

(11,892

)

NET CURRENT ASSETS

20,670

12,810

TOTAL ASSETS LESS CURRENT LIABILITIES

20,670

13,287

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

20,669

13,286

SHAREHOLDERS' FUNDS

20,670

13,287

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

A Sweeten - Director

1.	STATUTORY INFORMATION

Longfield Trading 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.

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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The directors hived up all trade, assets and liabilities of this company to its parent company, Northern Arch Learning Partnership Limited, during the year. As such the company is expected to be dissolved in the next 12 months and the directors have prepared the financial statements on a basis other than going concern.

No adjustments were necessary to amounts included in these financial statements.

The financial statements for the current period cover an extended 18-month reporting period arising from the closure of the entity and the transfer of its activities to the parent charity. Consequently, the comparative figures for the prior period are not fully comparable.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group, nor with those conducted under normal market terms.

Turnover

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

Income recognition

Income is recognised when a service has been provided.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Assets are held at cost less depreciation and provisions for impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2024

2,267

Disposals

(2,267

)

At 28 February 2026

-

DEPRECIATION

At 1 September 2024

1,790

Charge for period

143

Eliminated on disposal

(1,933

)

At 28 February 2026

-

NET BOOK VALUE

At 28 February 2026

-

At 31 August 2024

477

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Prepayments and accrued income

-

23,729

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Trade creditors

-

485

Amounts owed to group undertakings

6,572

5,866

Taxation and social security

1,615

1,869

Other creditors

-

172

Accruals and deferred income

5,500

3,500

13,687

11,892

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2024

value:

£

£

1

Ordinary

£1

1

1

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

The Report of the Auditors was unqualified.

We draw attention to Note 2 to the financial statements which explains that the assets and liabilities of the company were transferred to the Parent Trust during the year, and therefore, the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Our opinion is not modified in respect of this matter.

Rebecca Davison BA ACA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

9.	ULTIMATE PARENT COMPANY

The ultimate parent company is Northern Arch Learning Partnership, a company incorporated in England and Wales. The registered office of Northern Arch Learning Partnership is C/O Queen Elizabeth Sixth Form College, Vane Terrace, Darlington, England, DL3 7AU.