REGISTERED NUMBER: 00514396 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

NATIONAL ASSOCIATION OF TEACHERS OF

DANCING LIMITED(THE)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Dawson

M E Waite

K R Page

A Pearson

K M Webster

R A Meech

A Brunton

Y M Mollon

W E Bates

G Hinchliffe

S L Waite-Roberts

S M Johnson

J R Dieguez

C King

SECRETARY:

T O J Shepherd

REGISTERED OFFICE:

National House

Turnfields Court

Turnfields

Thatcham

Berkshire

RG19 4PT

REGISTERED NUMBER:

00514396 (England and Wales)

SENIOR STATUTORY AUDITOR:

Gary Robinson FCA

AUDITORS:

Stewart & Co Accountants LLP

Chartered Accountants

Statutory Auditors

Knoll House

Knoll Road

Camberley

Surrey

GU15 3SY

FIXED ASSETS

Tangible assets

4

350,506

16,014

CURRENT ASSETS

Stocks

5

5,988

6,379

Debtors

6

74,876

94,305

Investments

7

540,718

896,210

Cash at bank and in hand

501,492

398,762

1,123,074

1,395,656

CREDITORS

Amounts falling due within one year

8

95,387

76,544

NET CURRENT ASSETS

1,027,687

1,319,112

TOTAL ASSETS LESS CURRENT LIABILITIES

1,378,193

1,335,126

PROVISIONS FOR LIABILITIES

10

62,364

76,783

NET ASSETS

1,315,829

1,258,343

RESERVES

Benevolent Fund

11

9,934

9,864

Retained earnings

11

1,305,895

1,248,479

MEMBERS' FUNDS

1,315,829

1,258,343

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 5 October 2026 and were signed on its behalf by:

K R Page - Director

1.	STATUTORY INFORMATION

National Association of Teachers of Dancing Limited(The) is a private company, limited by guarantee , 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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. Through the NATD Business Plan the directors have prepared budgets and projections demonstrating the company's ability to continue as a going concern for a period of at least twelve months. Whilst the directors recognise that there are still challenges and uncertainties facing the company and the industry, they remain confident moving forward. The directors will therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

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 is measured at the fair value of the consideration for ballroom and theatrical examination fees and services invoiced and supplied by the Association in the year and then also subscriptions in the year as described within the deferred income accounting policy. The Association is not registered for VAT.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% 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.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.

Deferred income

The Association's subscription year runs to the close of March alongside the financial year and any of the subscriptions received ahead of the year end that relate to a future subscription period are carried forward within deferred income in line with the adopted accounting policy of the Association.

Hire purchase and leasing commitments

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

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 year was 11 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

-

81,027

81,027

Additions

339,219

-

339,219

At 31 March 2026

339,219

81,027

420,246

DEPRECIATION

At 1 April 2025

-

65,013

65,013

Charge for year

-

4,727

4,727

At 31 March 2026

-

69,740

69,740

NET BOOK VALUE

At 31 March 2026

339,219

11,287

350,506

At 31 March 2025

-

16,014

16,014

5.

STOCKS

2026

2025

£

£

Stock

5,988

6,379

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

61,640

81,805

Other debtors

13,236

12,500

74,876

94,305

7.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Investments

540,718

896,210

The cost of the investments at 31 March 2026 was £300,000 (2025 - £600,000).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

162

4,661

Other creditors

95,225

71,883

95,387

76,544

9.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

-

25,000

Between one and five years

-

50,000

-

75,000

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred taxation

62,364

76,783

Deferred

tax

£

Balance at 1 April 2025

76,783

Credit to Income Statement during year

(14,419

)

Balance at 31 March 2026

62,364

11.

RESERVES

Retained

Benevolent

earnings

Fund

Totals

£

£

£

At 1 April 2025

1,248,479

9,864

1,258,343

Profit for the year

57,416

57,416

Interest Received

-

70

70

At 31 March 2026

1,305,895

9,934

1,315,829

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

The Report of the Auditors was unqualified.

Gary Robinson FCA (Senior Statutory Auditor)

for and on behalf of Stewart & Co Accountants LLP

13.	RELATED PARTY DISCLOSURES

Included under the headings of examination fees and examination expenses of £87,607 (2025 : £80,473) and £35,043 (2025 : £28,353) respectively are fees of £13,902 (2025 : £15,106) and expenses of £4,735 (2026 : £4,616) paid to Directors of the Association who are in turn members of the Council of Management in performance of their services as Examiners.