Burlington House School Tooting Ltd 14849000 false 2023-05-05 2024-08-31 2024-08-31 The principal activity of the company is the provision of education services. Digita Accounts Production Advanced 6.30.9574.0 true true 14849000 2023-05-05 2024-08-31 14849000 2024-08-31 14849000 bus:Consolidated 2024-08-31 14849000 core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 14849000 core:TaxLossesCarry-forwardsDeferredTax 2024-08-31 14849000 core:CurrentFinancialInstruments 2024-08-31 14849000 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 14849000 core:FurnitureFittingsToolsEquipment 2024-08-31 14849000 core:LandBuildings 2024-08-31 14849000 bus:SmallEntities 2023-05-05 2024-08-31 14849000 bus:Audited 2023-05-05 2024-08-31 14849000 bus:FilletedAccounts 2023-05-05 2024-08-31 14849000 bus:SmallCompaniesRegimeForAccounts 2023-05-05 2024-08-31 14849000 bus:RegisteredOffice 2023-05-05 2024-08-31 14849000 bus:Director1 2023-05-05 2024-08-31 14849000 bus:Director2 2023-05-05 2024-08-31 14849000 bus:Director3 2023-05-05 2024-08-31 14849000 bus:Director4 2023-05-05 2024-08-31 14849000 bus:Director5 2023-05-05 2024-08-31 14849000 bus:Director6 2023-05-05 2024-08-31 14849000 bus:Director7 2023-05-05 2024-08-31 14849000 bus:Consolidated 2023-05-05 2024-08-31 14849000 bus:PrivateLimitedCompanyLtd 2023-05-05 2024-08-31 14849000 core:FurnitureFittingsToolsEquipment 2023-05-05 2024-08-31 14849000 core:LandBuildings 2023-05-05 2024-08-31 14849000 countries:EnglandWales 2023-05-05 2024-08-31 iso4217:GBP xbrli:pure

Registration number: 14849000

Prepared for the registrar

Burlington House School Tooting Ltd

Annual Report and Financial Statements

for the Period from 5 May 2023 to 31 August 2024

 

Burlington House School Tooting Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Burlington House School Tooting Ltd

Company Information

Directors

S G G Aiano

G L Balcombe

S Coles

G C Doyle

E E Gibson

A N Hassan

R Slevin

Registered office

58 Buckingham Gate
London
SW1E 6AJ

Auditors

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

Burlington House School Tooting Ltd

(Registration number: 14849000)
Balance Sheet as at 31 August 2024

Note

2024
£

Fixed assets

 

Tangible assets

6

25,923

Current assets

 

Debtors

7

230,813

Cash at bank and in hand

 

33,226

 

264,039

Creditors: Amounts falling due within one year

8

(848,520)

Net current liabilities

 

(584,481)

Net liabilities

 

(558,558)

Capital and reserves

 

Called up share capital

1

Retained earnings

(558,559)

Shareholders' deficit

 

(558,558)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 May 2025 and signed on its behalf by:
 


E E Gibson
Director

 

Burlington House School Tooting Ltd

Notes to the Financial Statements for the Period from 5 May 2023 to 31 August 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
58 Buckingham Gate
London
SW1E 6AJ

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of Burlington Education Holdings Limited.

The financial statements of Burlington Education Holdings Limited may be obtained from Companies House.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements and estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

Burlington House School Tooting Ltd

Notes to the Financial Statements for the Period from 5 May 2023 to 31 August 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

10% straight line

Furniture, fittings and equipment

25% to 33% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 

Burlington House School Tooting Ltd

Notes to the Financial Statements for the Period from 5 May 2023 to 31 August 2024


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was as follows:

 

Burlington House School Tooting Ltd

Notes to the Financial Statements for the Period from 5 May 2023 to 31 August 2024

 

4

Taxation

Tax charged/(credited) in the profit and loss account

5 May 2023 to 31 August
2024
£

Deferred taxation

Arising from origination and reversal of timing differences

(13,180)

Deferred tax

Deferred tax assets and liabilities

2024

Asset
£

Difference between accumulated depreciation and capital allowances

(4,745)

Losses and other deductions

17,925

13,180

 

5

Exceptional items

5 May 2023 to 31 August 2024
 £

Exceptional expenses

571,739

Exceptional expenses for the current year relate to costs incurred prior to the commencement of trade.

 

6

Tangible assets

Leasehold improvements
£

Furniture, fittings and equipment
 £

Total
£

Cost

Additions and at 31 August 2024

7,000

20,566

27,566

Depreciation

Charge for the period and at 31 August 2024

58

1,585

1,643

Carrying amount

At 31 August 2024

6,942

18,981

25,923

 

7

Debtors

2024
£

Trade debtors

162,147

Prepayments

10,772

Other debtors

44,714

Deferred tax asset

13,180

230,813

 

Burlington House School Tooting Ltd

Notes to the Financial Statements for the Period from 5 May 2023 to 31 August 2024

 

8

Creditors

2024
£

Due within one year

Trade creditors

48,215

Amounts due to group undertakings

582,404

Taxation and social security

58,148

Accruals and deferred income

155,420

Other creditors

4,333

848,520

 

9

Pension and other schemes

The company operates a defined contribution pension scheme. The total pension cost charge for the year represents contributions payable by the company amounting to £18,440. Contributions totalling £4,333 were payable to the scheme at the end of the year and are included in creditors.

 

10

Contingent liabilities

The company is bound by an intra-group cross guarantee in respect of bank debt with other members of the group headed by its parent undertaking, Burlington Education Holdings Limited. The amount guaranteed at 31 August 2024 is £111,400,000.

 

11

Parent and ultimate parent undertaking

The company's immediate parent is Devonshire Schools Ltd, incorporated in England and Wales.

 The ultimate parent is Burlington Education Partners Limited, incorporated in Guernsey. Burlington Education Partners Limited is considered to have no single controlling party.

 

 

12

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 2 May 2025 was Simon Worsley, who signed for and on behalf of Hazlewoods LLP.