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REGISTERED NUMBER: 03329003 (England and Wales)















COPTHILL SCHOOL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






COPTHILL SCHOOL LIMITED (REGISTERED NUMBER: 03329003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


COPTHILL SCHOOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs A M Teesdale
J A Teesdale
S W J Teesdale
N E Teesdale





SECRETARY: J A Teesdale





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 03329003 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

COPTHILL SCHOOL LIMITED (REGISTERED NUMBER: 03329003)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 2,359,094 2,348,407
2,359,094 2,348,407

CURRENT ASSETS
Inventories 44,311 38,348
Debtors 6 940,186 784,233
Investments 7 403,763 -
Cash at bank and in hand 1,704,843 1,065,474
3,093,103 1,888,055
CREDITORS
Amounts falling due within one year 8 1,113,599 482,969
NET CURRENT ASSETS 1,979,504 1,405,086
TOTAL ASSETS LESS CURRENT LIABILITIES 4,338,598 3,753,493

CREDITORS
Amounts falling due after more than one year 9 (407,260 ) -

PROVISIONS FOR LIABILITIES (32,396 ) (36,850 )
NET ASSETS 3,898,942 3,716,643

CAPITAL AND RESERVES
Called up share capital 11 157,900 157,900
Share premium 17,371 17,371
Retained earnings 3,723,671 3,541,372
SHAREHOLDERS' FUNDS 3,898,942 3,716,643

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 24 March 2025 and were signed on its behalf by:





S W J Teesdale - Director


COPTHILL SCHOOL LIMITED (REGISTERED NUMBER: 03329003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Copthill 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 (£).


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.

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.

Revenue
Revenue represents income receivable for fees, additional pupil related services and goods sold in the period, exclusive of Value Added Tax and trade discounts. Revenue also includes any Early Years Education Grant received in the period.

Fee and service revenue is recognised evenly across the period in which the service is provided and revenue from the sale of goods is recognised at the point of sale.

Goodwill
Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separate net assets. It has been written off in equal annual instalments over its economic life, which was estimated by the directors to be approximately 5 years as at the date of transition to FRS102.

Property, plant and equipment
Tangible fixed assets are held at cost less accumulated depreciation and impairment losses. Depreciation is applied at the following annual rates on the cost of the assets over their useful economic lives;

School Huts15% pa reducing balance
Plant and Machinery25% pa reducing balance
Fixtures and Fittings20% pa reducing balance
Motor Vehicles25% pa reducing balance
Computer Equipment33.3% pa reducing balance

Land is not depreciated. Freehold buildings are also not depreciated as it is felt that they are maintained to such a high standard that the residual value of the assets would be no less than their carrying value in the accounts. Freehold property is reviewed annually for impairment.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items. Inventories are accounted for on a first-in-first-out basis.

COPTHILL SCHOOL LIMITED (REGISTERED NUMBER: 03329003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the FRS 102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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. Accounts 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.

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.

Investments
Unlisted current asset investments are stated at cost less provisions for impairment where the directors do not consider that fair value can be reliably measured. Where a reliable fair value can however be obtained, unlisted current asset investments are stated at fair value, with movements in fair value being recognised through profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 (2023 - 67 ) .

COPTHILL SCHOOL LIMITED (REGISTERED NUMBER: 03329003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 160,000
AMORTISATION
At 1 August 2023
and 31 July 2024 160,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 2,238,900 1,115,128 3,354,028
Additions 45,548 12,764 58,312
At 31 July 2024 2,284,448 1,127,892 3,412,340
DEPRECIATION
At 1 August 2023 53,023 952,598 1,005,621
Charge for year 7,389 40,236 47,625
At 31 July 2024 60,412 992,834 1,053,246
NET BOOK VALUE
At 31 July 2024 2,224,036 135,058 2,359,094
At 31 July 2023 2,185,877 162,530 2,348,407

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,011 25,299
Amounts owed by group undertakings 701,457 656,062
Other debtors 73,068 59,002
Prepayments and accrued income 129,650 43,870
940,186 784,233

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 403,763 -

COPTHILL SCHOOL LIMITED (REGISTERED NUMBER: 03329003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 105,946 22,893
Corporation tax 70,179 51,995
Other taxes and social security 43,085 43,814
Other creditors 131,705 128,354
Accruals and deferred income 762,684 235,913
1,113,599 482,969

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 407,260 -

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 27,972 27,740
Between one and five years 77,333 71,449
In more than five years 63,648 78,048
168,953 177,237

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
157,900 Ordinary £1 157,900 157,900

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

The Report of the Auditors was unqualified.

Sally-Anne Hurn FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

13. ULTIMATE PARENT COMPANY

The company is a 100% subsidiary of Copthill Holdings Limited whose registered office is 3 Castlegate, Grantham, Lincolnshire, NG31 6SF. The results of the company are consolidated into the group financial statements of Copthill Holdings Limited.