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REGISTERED NUMBER: 09937898 (England and Wales)















Isle Education Trust Enterprises Limited

Financial Statements For The Year Ended 31 August 2023






Isle Education Trust Enterprises Limited (Registered number: 09937898)






Contents of the Financial Statements
For The Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Isle Education Trust Enterprises Limited

Company Information
For The Year Ended 31 August 2023







DIRECTORS: Mr Scott Ashley Barlow
Mr David Robert Flowitt
Mr Nicholas Hansen
Mr Stuart Steel





REGISTERED OFFICE: South Axholme Academy
Burnham Road
Epworth
North Lincolnshire
DN9 1BY





REGISTERED NUMBER: 09937898 (England and Wales)





AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
DN4 5NU

Isle Education Trust Enterprises Limited (Registered number: 09937898)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 586,024 618,581

CURRENT ASSETS
Debtors 5 69,528 80,998
Cash at bank 93,711 82,077
163,239 163,075
CREDITORS
Amounts falling due within one year 6 39,661 50,956
NET CURRENT ASSETS 123,578 112,119
TOTAL ASSETS LESS CURRENT LIABILITIES 709,602 730,700

CREDITORS
Amounts falling due after more than one year 7 589,221 623,882
NET ASSETS 120,381 106,818

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 120,380 106,817
SHAREHOLDERS' FUNDS 120,381 106,818

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 20 November 2023 and were signed on its behalf by:





Mr Scott Ashley Barlow - Director


Isle Education Trust Enterprises Limited (Registered number: 09937898)

Notes to the Financial Statements
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

Isle Education Trust Enterprises 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.

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 wholly owned group companies.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Sports Centre - 25 years straight line.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Isle Education Trust Enterprises Limited (Registered number: 09937898)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Sports
Centre
£   
COST
At 1 September 2022
and 31 August 2023 811,095
DEPRECIATION
At 1 September 2022 192,514
Charge for year 32,557
At 31 August 2023 225,071
NET BOOK VALUE
At 31 August 2023 586,024
At 31 August 2022 618,581

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,962 10,905
Amounts owed by group undertakings 59,566 59,567
Other debtors - 10,526
69,528 80,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,369 12,437
Social security and other taxes 1,299 2,360
Accruals and deferred income 36,993 36,159
39,661 50,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 589,221 623,882

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

Isle Education Trust Enterprises Limited (Registered number: 09937898)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

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

The Report of the Auditors was unqualified.

Mark Garrison BCom FCA DChA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor

10. PARENT UNDERTAKING

The company's parent company is Isle Education Trust.

The registered office address of the parent company is:

South Axholme Academy
Burnham Road
Epworth
North Lincolnshire
DN9 1BY

Group accounts can be found at Companies House.