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REGISTERED NUMBER: 10836533 (England and Wales)















THE SHRUBBERY SCHOOL LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






THE SHRUBBERY SCHOOL LIMITED (REGISTERED NUMBER: 10836533)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


THE SHRUBBERY SCHOOL LIMITED

Company Information
for the year ended 31 March 2023







Director: C R Johnson





Registered office: Walmley Ash Road
Sutton Coldfield
West Midlands
B76 1HY





Registered number: 10836533 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO 4th Floor
2 Chamberlain Square
Birmingham
West Midlands
B3 3AX

THE SHRUBBERY SCHOOL LIMITED (REGISTERED NUMBER: 10836533)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 90,593 199,305
Tangible assets 5 1,182,779 1,189,841
1,273,372 1,389,146

Current assets
Debtors 6 20,673 23,491
Cash at bank and in hand 37,517 11,944
58,190 35,435
Creditors
Amounts falling due within one year 7 1,466,783 820,733
Net current liabilities (1,408,593 ) (785,298 )
Total assets less current liabilities (135,221 ) 603,848

Creditors
Amounts falling due after more than one
year

8

318,187

567,779
Net (liabilities)/assets (453,408 ) 36,069

Capital and reserves
Called up share capital 11 100 100
Share premium 176,678 176,678
Retained earnings (630,186 ) (140,709 )
Shareholders' funds (453,408 ) 36,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 by the director and authorised for issue on 11 March 2024 and were signed by:



C R Johnson - Director


THE SHRUBBERY SCHOOL LIMITED (REGISTERED NUMBER: 10836533)

Notes to the Financial Statements
for the year ended 31 March 2023

1. Statutory information

The Shrubbery School 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.

Going concern
The directors have considered a period of twelve months from the date of approval of the financial statements. As at 31 March 2023 the company has net current liabilities of £1,408,593 and a total funding deficit of £453,408. The company's directors believe that the financial statements of the company should be prepared on a going concern basis on the grounds that the parent company confirms it will not call in loans outstanding of £1,154,283 and will continue to provide the necessary support to enable the company to pay its debts as they fall due.

Turnover
Turnover represents fees receivable of tuition and auxiliary services provided during the period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are recognised at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not depreciated
Plant and machinery - 15% & 33% reducing balance
Fixtures and fittings - 25% reducing balance

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.

THE SHRUBBERY SCHOOL LIMITED (REGISTERED NUMBER: 10836533)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. Accounting policies - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 30 (2022 - 40 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022
and 31 March 2023 543,558
Amortisation
At 1 April 2022 344,253
Charge for year 108,712
At 31 March 2023 452,965
Net book value
At 31 March 2023 90,593
At 31 March 2022 199,305

5. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
Cost
At 1 April 2022 1,145,689 68,611 6,309 1,220,609
Additions - 318 - 318
At 31 March 2023 1,145,689 68,929 6,309 1,220,927
Depreciation
At 1 April 2022 - 28,489 2,279 30,768
Charge for year - 6,373 1,007 7,380
At 31 March 2023 - 34,862 3,286 38,148
Net book value
At 31 March 2023 1,145,689 34,067 3,023 1,182,779
At 31 March 2022 1,145,689 40,122 4,030 1,189,841

THE SHRUBBERY SCHOOL LIMITED (REGISTERED NUMBER: 10836533)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 4,750 2,578
Prepayments 15,923 20,913
20,673 23,491

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts (see note 9) 133,261 23,428
Trade creditors 29,489 41,754
Social security and other taxes - 406
Other creditors 338 1,208
Amounts owed to group
undertakings 1,154,283 680,785
Accruals and deferred income 149,412 73,152
1,466,783 820,733

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans (see note 9) 318,187 567,779

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 490,744

9. Loans

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 133,261 23,428

Amounts falling due between one and two years:
Bank loans - 1-2 years 133,261 23,428

Amounts falling due between two and five years:
Bank loans - 2-5 years 184,926 53,607

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 490,744

THE SHRUBBERY SCHOOL LIMITED (REGISTERED NUMBER: 10836533)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

10. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 451,448 591,207

The bank loan is secured by a fixed and floating charge over the property.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary 1 100 100

12. Related party disclosures

Included in creditors are the the following amounts owed to parent company, Pacific Eagle Capital Group Limited:

- Amounts owed to group undertakings: £1,154,283 (2022: £608,785)

13. Ultimate controlling party

On 16 July 2021, the entire issued share capital of the company was acquired by Pacific Eagle Capital Group Limited, a company registered and incorporated in England & Wales and controlled by Mr C R Johnson. Prior to this date, the company was owned and controlled by Mr E R Allen.