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REGISTERED NUMBER: 05859839 (England and Wales)



















Financial Statements

for the Year Ended 31 August 2023

for

The Repton Family of Schools Limited

The Repton Family of Schools Limited (Registered number: 05859839)






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


The Repton Family of Schools Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: E M Shires BA FCA
M J Semmence MA MBA
Sir H Every Bt DL FCA
A J Churchill MA FIET
D Lewis
R L Johnson
G R H Ralphs





REGISTERED OFFICE: Bursar's Office
Repton School
Repton
Derbyshire
DE65 6FH





REGISTERED NUMBER: 05859839 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

The Repton Family of Schools Limited (Registered number: 05859839)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Debtors 5 35,520 1,264,613
Cash at bank 1,022,366 1,319,823
1,057,886 2,584,436
CREDITORS
Amounts falling due within one year 6 30,903 265,314
NET CURRENT ASSETS 1,026,983 2,319,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,026,984

2,319,123

CREDITORS
Amounts falling due after more than one
year

7

-

626,500
NET ASSETS 1,026,984 1,692,623

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,026,983 1,692,622
SHAREHOLDERS' FUNDS 1,026,984 1,692,623

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 19 January 2024 and were signed on its behalf by:





E M Shires BA FCA - Director


The Repton Family of Schools Limited (Registered number: 05859839)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

The Repton Family of Schools 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.

Turnover
Turnover represents the amounts (excluding value added tax) receivable under service agreements during the year.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Gift aid payment to parent charity
The company pays taxable profits arising in a reporting period to its parent charity under the gift aid scheme to the extent sufficient reserves and/or cash balances exist. These gift aid payments are recognised as distributions to owners in equity within retained earnings.

The company was not legally obligated to make gift aid payments in the reporting period, although the board had indicated its intention to pay any taxable profits to the parent charity subject to reserve and cash balance limitations. Payments are expected to be made within 9 months of the end of the reporting date where applicable.

The accounting policy for gift aid payments results in the company recognising a taxation charge when reporting taxable profits for the year. However, the application of the exception under paragraph 29.14A of FRS 102 provides relief in respect of the accounting for the tax charge. This results in a reduced charge for tax in the profit and loss account. This exception is only applicable as it is probable that the gift aid payment will be made by the company to the parent charity within 9 months of the reporting date.

Related parties
The company is a wholly owned subsidiary undertaking. The company has taken advantage of the exemption contained within Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements.

The Repton Family of Schools Limited (Registered number: 05859839)

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

2. ACCOUNTING POLICIES - continued

Exemption from preparing consolidated financial statements
The financial statements contain information about The Repton Family of Schools Limited as an individual entity and do not contain consolidated financial information as the parent of a group. The Company has taken advantage of the exemption given under Financial Reporting Standard 102 not to prepare consolidated financial statements as it is a wholly owned subsidiary of Sir John Port’s Charity which is incorporated in Great Britain and which prepares consolidated financial statements incorporating the results of the Company.

Details of the investments in subsidiary undertakings are included in the consolidated financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 1
NET BOOK VALUE
At 31 August 2023 1
At 31 August 2022 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,234,129
Other debtors 35,520 30,484
35,520 1,264,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11 56,981
Social security and other taxes 9,416 5,263
Other creditors 12,425 6,940
Owed to immediate parent undertaking 3,761 112,643
Accrued expenses 5,290 83,487
30,903 265,314

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Owed to related party > 1 yr - 626,500

The Repton Family of Schools Limited (Registered number: 05859839)

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

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

The Report of the Auditors was unqualified.

Wayne Thomas ACA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd