PPAS Dance and Performing Arts School - Accounts to registrar (filleted)

REGISTERED NUMBER: 04795822 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 AUGUST 2025

FOR

PPAS DANCE AND PERFORMING ARTS SCHOOL

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms M Paterson

Mr J Coulson

SECRETARY:

Mr J Coulson

REGISTERED OFFICE:

Ingram House

6 Meridian Way

Norwich

Norfolk

NR7 0TA

REGISTERED NUMBER:

04795822 (England and Wales)

ACCOUNTANTS:

LEES

Chartered Certified Accountants

Hogarth House

136 High Holborn

London

WC1V 6PX

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

738

867

738

867

CURRENT ASSETS

Stocks

1,025

975

Debtors

6

11,224

9,075

Cash at bank and in hand

32,274

72,372

44,523

82,422

CREDITORS

Amounts falling due within one year

7

(33,714

)

(63,338

)

NET CURRENT ASSETS

10,809

19,084

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,547

19,951

CREDITORS

Amounts falling due after more than one
year

8

(4,123

)

(18,702

)

NET ASSETS

7,424

1,249

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

7,324

1,149

SHAREHOLDERS' FUNDS

7,424

1,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

Ms M Paterson - Director

1.	STATUTORY INFORMATION

PPAS Dance and Performing Arts School 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 represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Turnover excludes value added tax. Unbilled turnover on individual contracts is included as accrued income within other debtors.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% 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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 August 2025

18,000

AMORTISATION

At 1 April 2024

and 31 August 2025

18,000

NET BOOK VALUE

At 31 August 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

9,094

Additions

199

At 31 August 2025

9,293

DEPRECIATION

At 1 April 2024

8,227

Charge for period

328

At 31 August 2025

8,555

NET BOOK VALUE

At 31 August 2025

738

At 31 March 2024

867

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.3.24

£

Trade debtors

4,052

Other debtors

7,172

5,023

11,224

9,075

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.3.24

£

Bank loans and overdrafts

9,053

Trade creditors

16,404

33,921

Taxation and social security

4,153

6,052

Other creditors

4,104

14,312

33,714

63,338

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.3.24

£

Bank loans

4,123

18,702

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.3.24

value:

£

100

Ordinary shares

£1

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2025 and the year ended 31 March 2024:

31.8.25

31.3.24

£

Ms M Paterson

Balance outstanding at start of period

178

(2,442

)

Amounts advanced

3,084

8,668

Amounts repaid

(10,375

)

(6,048

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(7,113

)

178

During the year interest of £NIL (2024- £48) was charged on the overdrawn directors loan account balance at agreed H M Revenue & Customs rates.

The loan is unsecured and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M Paterson.