Company Registration No. 12890597 (England and Wales)
REES CENTRE FOR PARENTING EXCELLENCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
REES CENTRE FOR PARENTING EXCELLENCE LIMITED
COMPANY INFORMATION
Directors
Ms J Rees
(Appointed 18 September 2020)
Mr M S Williams
(Appointed 18 September 2020)
Company number
12890597
Registered office
Craftsman House
De Salis Drive
Hampton Lovett
Droitwich
WR9 0QE
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
REES CENTRE FOR PARENTING EXCELLENCE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
REES CENTRE FOR PARENTING EXCELLENCE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF REES CENTRE FOR PARENTING EXCELLENCE LIMITED FOR THE PERIOD ENDED 31 DECEMBER 2021
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rees Centre for Parenting Excellence Limited for the period ended 31 December 2021 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Rees Centre for Parenting Excellence Limited, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rees Centre for Parenting Excellence Limited
and state those matters that we have agreed to state to the Board of Directors of Rees Centre for Parenting Excellence Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rees Centre for Parenting Excellence Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Rees Centre for Parenting Excellence Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and loss of Rees Centre for Parenting Excellence Limited. You consider that Rees Centre for Parenting Excellence Limited is exempt from the statutory audit
requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Rees Centre for Parenting Excellence Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
21 April 2022
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
REES CENTRE FOR PARENTING EXCELLENCE LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2021
31 December 2021
- 2 -
2021
Notes
£
£
Fixed assets
Tangible assets
3
815
Current assets
Debtors
4
1,406
Cash at bank and in hand
66,532
67,938
Creditors: amounts falling due within one year
5
(93,350)
Net current liabilities
(25,412)
Total assets less current liabilities
(24,597)
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
(24,697)
Total equity
(24,597)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 April 2022 and are signed on its behalf by:
Ms J Rees
Director
Company Registration No. 12890597
REES CENTRE FOR PARENTING EXCELLENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 3 -
1
Accounting policies
Company information
Rees Centre for Parenting Excellence Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Craftsman House, De Salis Drive, Hampton Lovett, Droitwich, WR9 0QE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33% on cost
1.4
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 3
.
REES CENTRE FOR PARENTING EXCELLENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 4 -
3
Tangible fixed assets
Computers
£
Cost
At 18 September 2020
Additions
917
At 31 December 2021
917
Depreciation and impairment
At 18 September 2020
Depreciation charged in the period
102
At 31 December 2021
102
Carrying amount
At 31 December 2021
815
4
Debtors
2021
Amounts falling due within one year:
£
Other debtors
1,406
5
Creditors: amounts falling due within one year
2021
£
Trade creditors
2,768
Amounts owed to group undertakings
85,920
Taxation and social security
2,328
Other creditors
2,334
93,350
6
Called up share capital
2021
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.
REES CENTRE FOR PARENTING EXCELLENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 5 -
7
Control
Ultimate parent company
The ultimate parent company is
Tyre Hill Estate
Limited, a company registered in England and Wales.
Ultimate controlling party
The ultimate controlling party is M
s J Rees
, by virtue of
her
controlling interest in the ultimate parent company.
8
Comparatives
This is the company's first period of trade, therefore there are no comparatives.