The Recess College

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07535277

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,122		4,668
Tangible Assets	5		1,114		1,545

			3,236		6,213
CURRENT ASSETS
Debtors	6	49,466		(25,966 )
Cash at bank and in hand		150,241		130,647

		199,707		104,681
Creditors: Amounts Falling Due Within One Year	7	(176,135 )		(84,342 )

NET CURRENT ASSETS (LIABILITIES)			23,572		20,339

TOTAL ASSETS LESS CURRENT LIABILITIES			26,808		26,552

NET ASSETS			26,808		26,552

Income and Expenditure Account			26,808		26,552

MEMBERS' FUNDS			26,808		26,552

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The Recess College

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mrs Cheryl Brooker

Director

25/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The Recess College is a private company, limited by guarantee, incorporated in England & Wales, registered number 07535277 . The registered office is 71 Coe House, 4 Warwick Lane, London, Greater London, W14 8FN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income and expenditure account over its estimated economic life of .... years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible asset is the website build. It is amortised to income and expenditure account over its estimated economic life of 3 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

4 year straight line

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.

...CONTINUED

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The Recess College

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 March 2025	-	7,638	7,638

As at 28 February 2026	-	7,638	7,638

Amortisation
As at 1 March 2025	-	2,970	2,970
Provided during the period	2,546	-	2,546

As at 28 February 2026	2,546	2,970	5,516

Net Book Value
As at 28 February 2026	(2,546 )	4,668	2,122

As at 1 March 2025	-	4,668	4,668

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 March 2025	3,764

As at 28 February 2026	3,764

Depreciation
As at 1 March 2025	2,219
Provided during the period	431

As at 28 February 2026	2,650

Net Book Value
As at 28 February 2026	1,114

As at 1 March 2025	1,545

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The Recess College

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	36,964	24,331
Prepayments and accrued income	12,502	(50,297 )

	49,466	(25,966 )

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	41,273	23,022
Corporation tax	580	-
Other creditors	2,417	1,135
Accruals and deferred income	105,344	-
Directors' loan accounts	26,521	60,185

	176,135	84,342

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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