Carmel Community Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07937827 (England and Wales)

Financial Statements

for the Year Ended 31 August 2020

for

Carmel Community Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Regan

M P Shorten

REGISTERED OFFICE:

Carmel College

The Headlands

DARLINGTON

Co Durham

DL3 8RW

REGISTERED NUMBER:

07937827 (England and Wales)

SENIOR STATUTORY AUDITOR:

Christopher Beaumont BA (Hons) BFP FCA DChA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

CURRENT ASSETS

Debtors

5

-

2,152

Cash at bank

108

32,180

TOTAL ASSETS LESS CURRENT LIABILITIES

108

34,332

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

107

34,331

SHAREHOLDERS' FUNDS

108

34,332

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2021 and were signed on its behalf by:

M Regan - Director

1.	STATUTORY INFORMATION

Carmel Community Services 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.

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.

There were no material departures from that standard.

The company has not been trading since 1 September 2019 with a view to recommence trading activities on 1 September 2020.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised in the period in which the service is provided and the contract for the sale of the service is deemed unconditional.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	AUDITORS' REMUNERATION

The audit fee for this entity is paid by the parent entity - Bishop Hogarth Catholic Education Trust.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by group undertakings

-

1,892

VAT

-

260

-

2,152

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1

Ordinary

£1

1

1

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

The Report of the Auditors was unqualified.

Christopher Beaumont BA (Hons) BFP FCA DChA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

8.	ULTIMATE PARENT COMPANY

The ultimate parent company is Bishop Hogarth Catholic Education Trust, a company registered in England and Wales. The registered office of Bishop Hogarth Catholic Education Trust is The Headlands, Darlington, County Durham, DL3 8RW.