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Registered number: 01726213









ASHWICKE HALL SCHOOL LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
ASHWICKE HALL SCHOOL LIMITED
REGISTERED NUMBER: 01726213

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
54,582
22,555

  
54,582
22,555

Current assets
  

Debtors: amounts falling due after more than one year
 5 
301,510
299,802

Debtors: amounts falling due within one year
 5 
406,221
404,216

Cash at bank and in hand
 6 
327,672
160,773

  
1,035,403
864,791

Creditors: amounts falling due within one year
 7 
(439,842)
(415,874)

Net current assets
  
 
 
595,561
 
 
448,917

Total assets less current liabilities
  
650,143
471,472

Creditors: amounts falling due after more than one year
  
(5,647,000)
(5,072,000)

  

Net liabilities
  
(4,996,857)
(4,600,528)


Capital and reserves
  

Called up share capital 
  
20,608,563
20,608,563

Profit and loss account
  
(25,605,420)
(25,209,091)

  
(4,996,857)
(4,600,528)


Page 1

 
ASHWICKE HALL SCHOOL LIMITED
REGISTERED NUMBER: 01726213
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Serge Bakhos
Director

Date: 27 December 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ASHWICKE HALL SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Ashwicke Hall School Limited is a private limited company incorporated in England and Wales. The registered office address is Ashwicke Hall, Marshfield, Chippenham, Wilts, SN14 8AG (Registered number 01726213).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The cumulative deficit of £4,996,857 is acknowledged by the holding company SABIS Holdings SA
and it is willing to take on the assets and liability at the varying value at 31 August 2024 and meet
any subsequent claims and liabilities. The directors therefore consider that the going concern basis
is the appropriate basis for the reporting of assets and liabilities as at 31 August 2024.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ASHWICKE HALL SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Building Improvement
-
20%
SL
Motor vehicles
-
25%
SL
Office equipment
-
20%
SL

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







No. of employee
13
12

Page 4

 
ASHWICKE HALL SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
6,168,984
72,144
2,434,617
8,675,745


Additions
34,054
-
17,259
51,313



At 31 August 2024

6,203,038
72,144
2,451,876
8,727,058



Depreciation


At 1 September 2023
6,155,030
72,144
2,426,016
8,653,190


Charge for the year on owned assets
13,048
-
6,238
19,286



At 31 August 2024

6,168,078
72,144
2,432,254
8,672,476



Net book value



At 31 August 2024
34,960
-
19,622
54,582



At 31 August 2023
13,954
-
8,601
22,555

Page 5

 
ASHWICKE HALL SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
301,510
299,802

301,510
299,802


2024
2023
£
£

Due within one year

Trade debtors
331,600
333,466

Prepayments and accrued income
74,621
70,750

406,221
404,216



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
327,672
160,773

327,672
160,773



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
90,684
71,163

Other taxation and social security
157,323
151,976

Other creditors
175,935
174,086

Accruals and deferred income
15,900
18,649

439,842
415,874


Page 6

 
ASHWICKE HALL SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
5,647,000
5,072,000

5,647,000
5,072,000



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately to those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £1,452 ( 2023: £2,725).
Contributions totalling £43 (2023:£446) payable to the fund at the balance sheet date and are
included in creditors.


10.


Related party transactions

SABIS Holdings SA, the managing arm of the SABIS school network, is incorporated in he British Virgin
Islands. In the year to 31 August 2024, SABIS Holdings SA loaned Ashwicke Hall School Limited a sum
of £5,647,000 (2023: £5,072,000).
t
As at 31 August 2024, the balance due from Edland Investments Limited, a commonly controlled
company, was £301,510 (2023: £299,802).


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 August 2024 was unqualified.

The audit report was signed on 27 December 2024 by Neville J Newman (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 7