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REGISTERED NUMBER: 12088818 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

COLLINGWOOD SCHOOL LIMITED

COLLINGWOOD SCHOOL LIMITED (REGISTERED NUMBER: 12088818)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


COLLINGWOOD SCHOOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: A Mehta





REGISTERED OFFICE: Georgian House
Park Lane
Stanmore
HA7 3HD





REGISTERED NUMBER: 12088818 (England and Wales)





AUDITORS: DSK Partners LLP
Chartered Accountants and Statutory Auditors
D S House
306 High Street
Croydon
Surrey
CR0 1NG

COLLINGWOOD SCHOOL LIMITED (REGISTERED NUMBER: 12088818)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,150,224 3,164,164

CURRENT ASSETS
Debtors 5 628,741 956,944
Cash at bank 161,973 142,626
790,714 1,099,570
CREDITORS
Amounts falling due within one year 6 733,636 1,221,892
NET CURRENT ASSETS/(LIABILITIES) 57,078 (122,322 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,207,302

3,041,842

CREDITORS
Amounts falling due after more than one
year

7

(29,441

)

(40,685

)

PROVISIONS FOR LIABILITIES (701,648 ) (535,562 )
NET ASSETS 2,476,213 2,465,595

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 8 2,230,819 2,230,819
Retained earnings 245,294 234,676
SHAREHOLDERS' FUNDS 2,476,213 2,465,595

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 31 October 2024 and were signed by:





A Mehta - Director


COLLINGWOOD SCHOOL LIMITED (REGISTERED NUMBER: 12088818)

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


1. STATUTORY INFORMATION

Collingwood 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.

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

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 as modified by the revaluation of certain assets.

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 subsidiaries within the group.

Going concern
As part of the directors assessment of going concern, they have prepared detailed cashflow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare accounts on a going concern basis.

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
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold Property- 1% straight line
Fixtures and fittings- 10% reducing balance
Plant and machinery- 10% reducing balance
Computer equipment- 20% reducing balance

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

REVALUATION OF TANGIBLE FIXED ASSETS
Fixed Assets are recognised initially at cost and subsequently at market value based on the amount at which the asset could be exchanged between knowledgeable parties at arm's-length. Land is not depreciated. Properties are revalued according to market conditions at the year-end. Unrealised gains and losses on revaluation is only realised on disposal of the asset.


COLLINGWOOD SCHOOL LIMITED (REGISTERED NUMBER: 12088818)

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


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 28 ) .

COLLINGWOOD SCHOOL LIMITED (REGISTERED NUMBER: 12088818)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2022 3,106,901 85,302 3,192,203
Additions 1,848 3,889 5,737
Disposals - (102 ) (102 )
At 31 August 2023 3,108,749 89,089 3,197,838
DEPRECIATION
At 1 September 2022 7,491 20,548 28,039
Charge for year 3,528 16,047 19,575
At 31 August 2023 11,019 36,595 47,614
NET BOOK VALUE
At 31 August 2023 3,097,730 52,494 3,150,224
At 31 August 2022 3,099,410 64,754 3,164,164

Cost or valuation at 31 August 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost 3,108,749 89,089 3,197,838

The freehold properties were valued on an open market basis by the directors. Revaluations are shown through the Income Statement and deferred tax is calculated on these as appropriate. Any unrealised gains/losses on the revaluation of properties are shown in a non-distributable reserve on the Statement of Financial Position

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,750 367,041
Amounts owed by group undertakings 128,973 274,468
Other debtors 490,018 315,435
628,741 956,944

COLLINGWOOD SCHOOL LIMITED (REGISTERED NUMBER: 12088818)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,000 4,259
Trade creditors 23,502 30,642
Amounts owed to group undertakings 100,000 385,204
Taxation and social security 159,744 129,175
Other creditors 445,390 672,612
733,636 1,221,892

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 5,000
Other creditors 29,441 35,685
29,441 40,685

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 4,261 14,559
Hire purchase - 5,000
4,261 19,559

8. RESERVES
Non-distributable
reserve
£   
At 1 September 2022
and 31 August 2023 2,230,819

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

The Report of the Auditors was unqualified.

Dhirajlal Shah FCA (Senior Statutory Auditor)
for and on behalf of DSK Partners LLP

10. RELATED PARTY TRANSACTIONS

Park Hill School Limited, First Steps (London) Limited, Trade Tower Limited, The Study School Limited, Inspired Learning Group (UK) Limited, Essendene Lodge School Limited, Westbury House School Limited, Grange Park Preparatory School Limited, Oakseal Ltd., Buxlow Preparatory School Limited, St Christopher's School (Private) Limited, Saint Felix School Limited, Rookwood School Limited, Inspired Learning Group (London) (1) Limited, Danesfield Manor School Limited, St Francis College Limited, Inspired Learning Group (London) (2) Limited, and Yateley Manor School London Limited, Wood Wharf Kindergarten Limited are considered related parties by virtue of Mr A Mehta's interest in these entities. The amounts owed to the company by these related parties amount to £475,830 (2022: £299,320). No interest is charged on the balances.

COLLINGWOOD SCHOOL LIMITED (REGISTERED NUMBER: 12088818)

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


11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party for the period was Mr A Mehta.

Mr A Mehta controls 100% of the share capital of Inspired Learning Group (London) Limited. which is the ultimate parent company of the group.

The registered office of Inspired Learning Group (London) Limited is Georgian House, Park Lane, Stanmore, England, HA7 3HD.

12. CHARGES

There exists two fixed and floating charges over all property and undertaking of the company as per debentures dated 31st October 2019.

There exists cross guarantees amongst various group companies in favour of its bankers.