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Registered Number: 14859415
England and Wales

 

 

 

EDUCATE SCHOOLS LTD


Abridged Accounts
 


Period of accounts

Start date: 10 May 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 17,854 
Investments 4 828,527 
846,381 
Current assets    
Debtors 305,600 
Cash at bank and in hand 7,862 
313,462 
Creditors: amount falling due within one year (1,495,938)
Net current assets (1,182,476)
 
Total assets less current liabilities (336,095)
Provisions for liabilities (6,809)
Net assets (342,904)
 

Capital and reserves
   
Profit and loss account (342,904)
Shareholders' funds (342,904)
 


For the period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 10 February 2025 and were signed by:


-------------------------------
Craig Alexander Brennan
Director
1
General Information
Educate Schools Ltd is a private company, limited by shares, registered in England and Wales, registration number 14859415, registration address Acru Works, Demmings Road, Cheadle, SK8 2PG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 100.
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 10 May 2023    
Additions 15,895    2,943    18,838 
Disposals    
At 31 August 2024 15,895    2,943    18,838 
Depreciation
At 10 May 2023    
Charge for period 530    454    984 
On disposals    
At 31 August 2024 530    454    984 
Net book values
Closing balance as at 31 August 2024 15,365    2,489    17,854 
Opening balance as at 10 May 2023    


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 10 May 2023  
Additions 828,527    828,527 
Transfer to/from tangible fixed assets  
Disposals  
At 31 August 2024 828,527    828,527 

5.

Share Capital

Allotted, called up and fully paid
2024
£
100 Class A shares of £1.00 each 100 
100 

2