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REGISTERED NUMBER: 01389757 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

WOODLANDS SCHOOLS LIMITED

WOODLANDS SCHOOLS LIMITED (REGISTERED NUMBER: 01389757)

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


WOODLANDS SCHOOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: J K Lewis
B K Lewis LLB LLM
B K Lewis
C A Lewis
L Lewis





REGISTERED OFFICE: 428 Rayleigh Road
Hutton
Essex
CM13 1SD





REGISTERED NUMBER: 01389757 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

WOODLANDS SCHOOLS LIMITED (REGISTERED NUMBER: 01389757)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,371,153 2,385,889
Investments 6 1 1
2,371,154 2,385,890

CURRENT ASSETS
Debtors 7 1,476,645 981,591
Cash at bank 805,391 699,114
2,282,036 1,680,705
CREDITORS
Amounts falling due within one year 8 2,653,557 1,810,273
NET CURRENT LIABILITIES (371,521 ) (129,568 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,999,633

2,256,322

CREDITORS
Amounts falling due after more than one
year

9

(449,546

)

(386,607

)

PROVISIONS FOR LIABILITIES (60,256 ) (134,031 )
NET ASSETS 1,489,831 1,735,684

CAPITAL AND RESERVES
Called up share capital 75,000 75,000
Share premium 1,084,076 1,084,076
Revaluation reserve 12 36,206 36,206
Capital redemption reserve 86 86
Retained earnings 294,463 540,316
SHAREHOLDERS' FUNDS 1,489,831 1,735,684

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





J K Lewis - Director


WOODLANDS SCHOOLS LIMITED (REGISTERED NUMBER: 01389757)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Woodlands 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue represents net invoiced school fees and related income, less a deferral for fees received in advance.

School fee income is recognised in the same accounting period as the relevant term to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write of the assets over their estimated useful lives.

Freehold Land and BuildingsOver 6 - 50 years
Fixtures and FittingsOver 3 - 50 years
Computer EquipmentOver 5 - 20 years
Motor VehiclesOver 6 years

Freehold land is not depreciated.

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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 93 (2022 - 94 ) .

WOODLANDS SCHOOLS LIMITED (REGISTERED NUMBER: 01389757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and and Motor Computer
buildings fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 3,043,914 1,417,016 242,103 673,546 5,376,579
Additions 29,556 34,356 197,150 31,367 292,429
Disposals - - (242,105 ) - (242,105 )
At 31 August 2023 3,073,470 1,451,372 197,148 704,913 5,426,903
DEPRECIATION
At 1 September 2022 1,300,263 1,159,577 72,423 458,427 2,990,690
Charge for year 58,891 68,610 39,238 9,982 176,721
Eliminated on disposal - - (111,661 ) - (111,661 )
At 31 August 2023 1,359,154 1,228,187 - 468,409 3,055,750
NET BOOK VALUE
At 31 August 2023 1,714,316 223,185 197,148 236,504 2,371,153
At 31 August 2022 1,743,651 257,439 169,680 215,119 2,385,889

Included in cost of land and buildings is freehold land of £ 326,301 (2022 - £ 326,301 ) which is not depreciated.

Included in Freehold Land and Buildings is property that was revalued at open market value on 24 July 1992 at £657,212 (including subsequent additions at cost). On transition to FRS102 the company has used this valuation as deemed cost of the asset.

6. 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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 925,064 412,647
Amounts owed by group undertakings 16,677 81,942
Other debtors 85,495 87,814
Directors' current accounts 199,556 88,094
Corporation tax recoverable 67,350 29,732
Prepayments and accrued income 182,503 281,362
1,476,645 981,591

WOODLANDS SCHOOLS LIMITED (REGISTERED NUMBER: 01389757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 26,491 78,675
Trade creditors 1,019,792 168,255
Corporation tax 37,618 36,949
Social security and other taxes 45,854 49,653
Accruals and deferred income 1,523,802 1,476,741
2,653,557 1,810,273

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 120,214 68,378
Director's loan 50,034 53,003
Long term deposits held 279,298 265,226
449,546 386,607

The director's loan account of J K Lewis is secured by way of a fixed and floating charge over the assets of the company.

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 26,491 78,675
Between one and five years 120,214 68,378
146,705 147,053

Non-cancellable operating leases
2023 2022
£    £   
Within one year 70,418 62,030
Between one and five years 104,215 100,428
174,633 162,458

11. SECURED DEBTS

Liabilities under hire purchase agreements are secured on the assets to which they relate.

12. RESERVES
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 36,206

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, amounts of £111,462 were advanced to the Directors, J Lewis and B Lewis (2022 : £88,094), leaving a balance of £199,556 (2022: £88,094) due to the company at year end. Interest of 2.25% has been charged on this balance and it is repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J K Lewis by virtue of his majority shareholding.