REGISTERED NUMBER:
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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 |
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FORESIGHT SCHOOLS STAFFORD LIMITED |
REGISTERED NUMBER:
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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 |
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FOR |
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FORESIGHT SCHOOLS STAFFORD LIMITED |
FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2021 |
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Company Information | 1 |
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Report of the Director | 2 |
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Statement of Director's Responsibilities | 3 |
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Income Statement | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 6 |
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FORESIGHT SCHOOLS STAFFORD LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2021 |
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Director: |
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Registered office: |
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Registered number: |
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FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
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REPORT OF THE DIRECTOR |
FOR THE YEAR ENDED 31 MARCH 2021 |
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The director presents his report with the financial statements of the company for the year ended 31 March 2021. |
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Director |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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On behalf of the board: |
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FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
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STATEMENT OF DIRECTOR'S RESPONSIBILITIES |
FOR THE YEAR ENDED 31 MARCH 2021 |
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The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations. |
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Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
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The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
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INCOME STATEMENT |
FOR THE YEAR ENDED 31 MARCH 2021 |
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31.3.21 | 31.3.20 |
£ | £ |
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Turnover |
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Operating profit |
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Income from fixed asset investments |
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139,560 | 88,060 |
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Interest payable and similar expenses | ( |
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Profit before taxation |
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Tax on profit |
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Profit for the financial year |
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FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
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BALANCE SHEET |
31 MARCH 2021 |
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31.3.21 | 31.3.20 |
Notes | £ | £ |
Fixed assets |
Investments | 4 |
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Current assets |
Debtors | 5 |
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Creditors |
Amounts falling due within one year | 6 | ( |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
7 |
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Net assets |
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Capital and reserves |
Called up share capital |
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Share premium |
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The director acknowledges his 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. |
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The financial statements were approved by the director and authorised for issue on
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FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2021 |
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1. | Statutory information |
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Foresight Schools Stafford Limited is a
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2. | Accounting policies |
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Basis of preparing the financial statements |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Interest receivable and other income |
Other income such as interest receivable on loan notes is included on an accruals basis. |
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Investments |
Investments held by the Company have been valued in accordance with the International Private Equity and Venture Capital (IPEVC) valuation guidelines (December 2018) developed by the British Venture Capital Association and other organisations. Through these guidelines, investments are valued as defined at 'fair value'. Ordinarily, unquoted investments will be valued at cost for a limited period following the date of acquisition, being the most suitable approximation of fair value unless there is an impairment or significant accretion in value during the period. The portfolio valuations are prepared by Foresight Group and reviewed and approved by the Board. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2020 - NIL). |
FORESIGHT SCHOOLS STAFFORD LIMITED (REGISTERED NUMBER: 03902713) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2021 |
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4. | Fixed asset investments |
Other |
investments |
£ |
Cost |
At 1 April 2020 |
and 31 March 2021 |
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Net book value |
At 31 March 2021 |
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At 31 March 2020 |
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5. | Debtors: amounts falling due within one year |
31.3.21 | 31.3.20 |
£ | £ |
Other debtors |
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6. | Creditors: amounts falling due within one year |
31.3.21 | 31.3.20 |
£ | £ |
Other creditors |
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7. | Creditors: amounts falling due after more than one year |
31.3.21 | 31.3.20 |
£ | £ |
Loan |
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