Teaching Art Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10704225 (England and Wales)

TEACHING ART HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

A G Dodd

C Gamble

C S Richardson

P G Turner

REGISTERED OFFICE:

Millennium House

Brunel Drive

Newark

Nottinghamshire

NG24 2DE

REGISTERED NUMBER:

10704225 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ian Phillips FCA

AUDITORS:

Duncan & Toplis Limited, Statutory Auditor

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Investments

4

4,472,120

4,472,120

CURRENT ASSETS

Debtors

5

2,050

28

Cash at bank

30

4,392

2,080

4,420

CREDITORS

Amounts falling due within one year

6

5,368,571

4,999,907

NET CURRENT LIABILITIES

(5,366,491

)

(4,995,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(894,371

)

(523,367

)

CAPITAL AND RESERVES

Called up share capital

7

128

128

Share premium

900

900

Retained earnings

(895,399

)

(524,395

)

SHAREHOLDERS' FUNDS

(894,371

)

(523,367

)

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 and authorised for issue by the Board of Directors on 26 November 2019 and were signed on its behalf by:

C Gamble - Director

1.	STATUTORY INFORMATION

Teaching Art Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Teaching Art Holdings Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the

Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Investments in subsidiaries

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment

losses. The investments are assessed for impairment at each reporting date and any impairment losses or- reversals of

impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of

the entity so as to obtain benefits from its activities.

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.

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.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends

payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2018

and 30 April 2019

4,472,120

NET BOOK VALUE

At 30 April 2019

4,472,120

At 30 April 2018

4,472,120

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

2,050

28

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

5,357,793

4,939,243

Taxation and social security

-

32,332

Other creditors

10,778

28,332

5,368,571

4,999,907

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary A

£1

100

100

28

Ordinary B

£1

28

28

128

128

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

The Report of the Auditors was unqualified.

Ian Phillips FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Limited, Statutory Auditor

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is PHD (Nominees) Ltd. This is a private company, limited by shares, registered in England &

Wales. The company's registered office address is:

C/O Dow Schofield Watts Corporate Finance Limited

7400 Daresbury Park

Daresbury

Warrington

Cheshire

United Kingdom

WA4 4BS