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REGISTERED NUMBER: 10254008 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Lyndhurst Preparatory School Limited

Lyndhurst Preparatory School Limited (Registered number: 10254008)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lyndhurst Preparatory School Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P E McCready
A Rudkin
E P Sugden





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 10254008 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Lyndhurst Preparatory School Limited (Registered number: 10254008)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,319,515 1,350,289
Investment property 5 330,000 330,000
1,649,515 1,680,289

CURRENT ASSETS
Stocks 6 795 1,066
Debtors 7 199,273 17,220
Cash in hand 587 351
200,655 18,637
CREDITORS
Amounts falling due within one year 8 (793,989 ) (651,765 )
NET CURRENT LIABILITIES (593,334 ) (633,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,056,181

1,047,161

CREDITORS
Amounts falling due after more than one
year

9

(848,028

)

(863,568

)

PROVISIONS FOR LIABILITIES (51,204 ) (53,271 )
NET ASSETS 156,949 130,322

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserve 127,500 127,500
Retained earnings 29,448 2,821
156,949 130,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Lyndhurst Preparatory School Limited (Registered number: 10254008)

Statement of Financial Position - continued
31 August 2024


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 20 May 2025 and were signed on its behalf by:





P E McCready - Director


Lyndhurst Preparatory School Limited (Registered number: 10254008)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Lyndhurst Preparatory 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.

Turnover
Turnover represents the total amount receivable by the company for tuition and other services provided and is recognised on a straight line basis over the period of provision. Where fees are invoiced in advance they are deferred in the Statement of Financial Position and recognised as turnover over the period of the service provision. Amounts received in respect of future periods are recognised in creditors as payments on account. The majority of the tuition fees invoiced by the company are invoiced termly in advance.

Property rent
Rental income is recognised over the term of the agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 10% on cost

Included within the cost of freehold property in the Statement of Financial Position is land totalling £636,352 which is not depreciated, therefore the rate of 2% on cost above relates solely to the property elements.

Government grants
Grants comprise amounts received under local authority education schemes, and are recognised in the Income Statement once the relevant performance conditions have been met.

Investment property
Investment property is shown at the directors' estimate of its fair value at each reporting date. Any adjustments arising from changes in fair value are recognised in the Income Statement.

Stocks
Stocks are valued at the lower of cost and net realisable value.

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.


Lyndhurst Preparatory School Limited (Registered number: 10254008)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued
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.

Operating leases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs
The company participates in the Teachers' Pension Scheme ("the TPS") for its teaching staff. The TPS is an unfunded multi-employer defined benefit pension scheme governed by the Teachers' Pension Scheme Regulations 2014. Members contribute on a "pay as you go" basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The company also operates a defined contribution pension scheme for its non-teaching staff. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 September 2023 1,336,352 177,299 1,513,651
Additions - 743 743
At 31 August 2024 1,336,352 178,042 1,514,394
DEPRECIATION
At 1 September 2023 79,334 84,028 163,362
Charge for year 14,000 17,517 31,517
At 31 August 2024 93,334 101,545 194,879
NET BOOK VALUE
At 31 August 2024 1,243,018 76,497 1,319,515
At 31 August 2023 1,257,018 93,271 1,350,289

Lyndhurst Preparatory School Limited (Registered number: 10254008)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 330,000
NET BOOK VALUE
At 31 August 2024 330,000
At 31 August 2023 330,000

6. STOCKS
2024 2023
£    £   
Stocks 795 1,066

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 197,894 9,196
Tax - 4,473
Prepayments 1,379 3,551
199,273 17,220

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 95,331 154,494
Payments on account 541,696 254,182
Trade creditors 29,973 11,926
Tax 8,285 -
Social security and other taxes - 12,894
Other creditors 7,190 7,049
Directors' current accounts 97,324 197,324
Accruals 14,190 13,896
793,989 651,765

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 848,028 863,568

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 457 4,452
Between one and five years - 457
457 4,909

Lyndhurst Preparatory School Limited (Registered number: 10254008)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 76,799 132,969
Bank loans 866,560 885,093
943,359 1,018,062

All of the company's liabilities to its bank are secured via a fixed charge over the company's trading and investment properties, and via a debenture comprising fixed and floating charges over all of the assets of the company.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
E P Sugden
Balance outstanding at start of year (97,324 ) (147,324 )
Amounts advanced - 50,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (97,324 ) (97,324 )

A Rudkin
Balance outstanding at start of year (100,000 ) -
Amounts advanced 200,000 75,000
Amounts repaid (100,000 ) (175,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (100,000 )

The above loans from the directors to the company are unsecured, interest-bearing at various rates and repayable on demand, subject to the availability of funds.