Company registration number 04095828 (England and Wales)
PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
COMPANY INFORMATION
Directors
P Johnstone
(Appointed 15 January 2024)
S McGhee
(Appointed 12 May 2023)
Secretary
Resolis Limited
Company number
04095828
Registered office
1 Park Row
Leeds
United Kingdom
LS1 5AB
Auditor
Johnston Carmichael LLP
7-11 Melville Street
Edinburgh
EH3 7PE
PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
CONTENTS
Page
Directors' report
1 - 2
Independent auditor's report
3 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
10 - 14
PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2024.

Principal activities

The principle activity of the Company continued to be that of a holding company. The main asset of the Company is its investment in Pinnacle Schools (Fife) Limited, which in September 2001 was awarded, by Fife Council, the Private Finance Initiative ("PFI") project to design, build, finance and operate three schools in Fife, Scotland. The contract's expiry date is May 2028.

 

The Company made no transactions during the year, other than those relating to dividends and the interest receivable and payable accruing on loan notes. The Company will remain the holding company of Pinnacle Schools (Fife) limited for the foreseeable future.

 

Results and dividends

Ordinary dividends were paid amounting to £630,969. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

P Johnstone
(Appointed 15 January 2024)
S McGhee
(Appointed 12 May 2023)
S Kelly
(Resigned 30 May 2023)
M Templeton
(Resigned 15 January 2024)
Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Auditor

The auditor, Johnston Carmichael LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

 

Going concern

The Directors have considered the use of the going concern basis in the preparation of the financial statements in light of current market conditions and concluded that it is appropriate. More information is provided in note 1 to the financial statements.    

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
P Johnstone
Director
4 November 2024
PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
- 3 -
Opinion

We have audited the financial statements of Pinnacle Schools (Fife) Holdings Limited (the 'company') for the year ended 31 March 2024 which comprise the statement of comprehensive income, balance sheet, statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

 

PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
- 4 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

 

Responsibilities of directors

As explained more fully in the directors' responsibilities statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent the audit was considered capable of detecting irregularities, including fraud

 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations by considering their experience, past performance and support available.

All engagement team members were briefed on relevant identified laws and regulations and potential fraud risks at the planning stage of the audit. Engagement team members were reminded to remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
- 5 -

We obtained an understanding of the legal and regulatory frameworks that are applicable to company and the sector in which it operates, focusing on provisions that had a direct effect on the determination of material amounts and disclosures in the financial statements. The most relevant frameworks we identified include:

 

We gained an understanding of how the company is complying with these laws and regulations by making enquiries of management and those charged with governance. We corroborated these enquiries through our review of relevant correspondence with regulatory bodies and board meeting minutes.

We assessed the susceptibility of the financial statements to material misstatement, including how fraud might occur, by meeting with management and those charged with governance to understand where it was considered there was susceptibility to fraud. This evaluation also considered how management and those charged with governance were remunerated and whether this provided an incentive for fraudulent activity. We considered the overall control environment and how management and those charged with governance oversee the implementation and operation of controls. In areas of the financial statements where the risks were considered to be higher, we performed procedures to address each identified risk. We identified a heightened fraud risk in relation to :

In addition to the above, the following procedures were performed to provide reasonable assurance that the financial statements were free of material fraud or error:

Our audit procedures were designed to respond to the risk of material misstatements in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve intentional concealment, forgery, collusion, omission or misrepresentation. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
- 6 -

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Allison Dalton
Senior Statutory Auditor
For and on behalf of Johnston Carmichael LLP
4 November 2024
Chartered Accountants
Statutory Auditor
7-11 Melville Street
Edinburgh
EH3 7PE
PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
2024
2023
£'000
£'000
Income from shares in group undertakings
631
660
Interest receivable from group undertakings
182
182
Interest payable and similar expenses
5
(182)
(182)
Profit before taxation
631
660
Tax on profit
-
0
-
0
Profit for the financial year
631
660

The profit and loss account has been prepared on the basis that all operations are continuing operations.

PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 8 -
2024
2023
Notes
£'000
£'000
£'000
£'000
Fixed assets
Investments
6
1
1
Current assets
Debtors falling due after more than one year
7
1,454
1,454
Debtors falling due within one year
7
76
76
1,530
1,530
Creditors: amounts falling due within one year
8
(76)
(76)
Net current assets
1,454
1,454
Total assets less current liabilities
1,455
1,455
Creditors: amounts falling due after more than one year
9
(1,454)
(1,454)
Net assets
1
1
Capital and reserves
Called up share capital
10
1
1

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 4 November 2024 and are signed on its behalf by:
P Johnstone
Director
Company registration number 04095828 (England and Wales)
PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
Share capital
Profit and loss reserves
Total
Notes
£'000
£'000
£'000
Balance at 1 April 2022
1
-
0
1
Year ended 31 March 2023:
Profit and total comprehensive income
-
660
660
Dividends
-
(660)
(660)
Balance at 31 March 2023
1
-
0
1
Year ended 31 March 2024:
Profit and total comprehensive income
-
631
631
Dividends
-
(631)
(631)
Balance at 31 March 2024
1
-
0
1
PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
1
Accounting policies
Company information

Pinnacle Schools (Fife) Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Park Row, Leeds, United Kingdom, LS1 5AB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £'000.

The financial statements have been prepared under the historical cost convention The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have prepared detailed model forecasts incorporating the relevant terms of the PFI contract, sub contracts and credit agreements, and have adopted prudent assumptions in relation to economic and operational factors. In preparing these forecasts, the directors have considered external economic factors including supply chain pressures arising from Brexit and other global price increases. true

 

The forecasts predict that the company will have sufficient cash resources to meet its liabilities as they fall due for a period of 12 months from the date of signing the financial statements.

 

Having considered the financial position of the company, it's expected future cash flows and the ongoing support of the company's senior lender, the directors have a reasonable expectation that the company will have adequate resources to continue to generate positive operating cashflows and have therefore prepared the financial statements on a going concern basis.

1.3
Turnover

Revenue is recognised to the extent that the company obtains the right to consideration. Revenue is measured at the fair value of the consideration received. The following criteria must also be met before revenue is recognised.

 

Interest income

Revenue is recognised as interest accrues at a constant rate in accordance with the carrying value of the debt.

 

Dividends

Revenue is recognised when the company's right to receive payment is established.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 11 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 12 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9

Basis of consolidation

The group has taken advantage of the exemption under section 400 of the Companies Act 2006, from preparing consolidated financial statements on the basis that this is a small group.

2
Auditor's remuneration

The audit fee of £3,250 (2023: £3,000) for the Company has been paid by its subsidiary undertaking Pinnacle Schools (Fife) Limited.

3
Employees

There were no employees during the year and no staff costs (2023: nil)

4
Directors' remuneration

The directors received no emoluments in respect of their services to the Company during the year (2023: £nil).

5
Interest payable and similar expenses
2024
2023
£'000
£'000
Interest payable and similar expenses includes the following:
Interest payable to group undertakings
182
182
PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
6
Fixed asset investments
2024
2023
£'000
£'000
Shares in group undertakings and participating interests
1
1

The Company holds 100% of the ordinary share capital in Pinnacle Schools (Fife) Limited, which is incorporated in the United Kingdom and registered in England and Wales. Its registered office is 1 Park Row, Leeds, England, LS1 5AB.

 

The principal activity of Pinnacle Schools (Fife) Limited is to design, build, finance and operated three schools in Fife under a 27 year contract with Fife Council. All of the schools within the project are operational. The profit of this Company for the financial year ended 31 March 2024 is £1,069,000 (2023: £962,000)

7
Debtors
2024
2023
Amounts falling due within one year:
£'000
£'000
Amounts owed by group undertakings
76
76
2024
2023
Amounts falling due after more than one year:
£'000
£'000
Amounts owed by group undertakings
1,454
1,454
Total debtors
1,530
1,530
8
Creditors: amounts falling due within one year
2024
2023
£'000
£'000
Amounts owed to group undertakings
76
76
9
Creditors: amounts falling due after more than one year
2024
2023
£'000
£'000
Other creditors
1,454
1,454

The long-term loans are repayable 31 December 2027, however early repayment is permitted. The loan notes are chargeable at a rate of 12.5% per annum. The loan notes are held by PPDI Assetco Limited, the 100% shareholder of the company.

PINNACLE SCHOOLS (FIFE) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 14 -
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£'000
£'000
Issued and fully paid
Ordinary shares of 10p each
10,000
10,000
1
1

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company.

11
Related party transactions

As the 100% parent of Pinnacle Schools (Fife) Limited, the Company has taken advantage of the exemption in Section 33 of FRS 102 'Related party disclosures' from disclosing related party transactions with other group companies within these financial statements.

12
Parent company

The Company is a wholly-owned subsidiary of PPDI Assetco Limited, which is incorporated and registered in England. PPDI Assetco Limited is ultimately indirectly controlled by PPP Equity PIP LP. The Directors consider PPP Equity PIP LP to be the ultimate controlling party.

 

The account for PPFI Assetco Limited can be obtained from Companies House, Crown Way, Cardiff CF24 3UZ.

2024-03-312023-04-01falseCCH SoftwareCCH Accounts Production 2023.300T RyanCT SolleyR BurgeN KaznacheievaKA CunninghamJS GordonG ConnellyMHBG GanseyP JohnstoneS McGheeS KellyM TempletonResolis Limitedfalse0040958282023-04-012024-03-3104095828bus:Director92023-04-012024-03-3104095828bus:Director102023-04-012024-03-3104095828bus:CompanySecretary12023-04-012024-03-3104095828bus:Director112023-04-012024-03-3104095828bus:Director122023-04-012024-03-3104095828bus:Director12023-04-012024-03-3104095828bus:Director22023-04-012024-03-3104095828bus:Director32023-04-012024-03-3104095828bus:Director42023-04-012024-03-3104095828bus:Director52023-04-012024-03-3104095828bus:Director62023-04-012024-03-3104095828bus:Director72023-04-012024-03-3104095828bus:Director82023-04-012024-03-3104095828bus:RegisteredOffice2023-04-012024-03-31040958282024-03-31040958282022-04-012023-03-3104095828core:RetainedEarningsAccumulatedLosses2022-04-012023-03-3104095828core:RetainedEarningsAccumulatedLosses2023-04-012024-03-31040958282023-03-3104095828core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3104095828core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3104095828core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3104095828core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3104095828core:ShareCapital2024-03-3104095828core:ShareCapital2023-03-3104095828core:ShareCapital2022-03-3104095828core:RetainedEarningsAccumulatedLosses2022-03-3104095828core:RetainedEarningsAccumulatedLosses2023-03-3104095828core:RetainedEarningsAccumulatedLosses2024-03-3104095828core:CurrentFinancialInstruments2023-03-3104095828core:Non-currentFinancialInstruments2024-03-3104095828core:Non-currentFinancialInstruments2023-03-3104095828core:CurrentFinancialInstruments2024-03-3104095828bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104095828bus:FRS1022023-04-012024-03-3104095828bus:Audited2023-04-012024-03-3104095828bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP