Company registration number 13210674 (England and Wales)
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
COMPANY INFORMATION
Directors
N Jain
S Pagni
N Puri
M S Stuart
P W Willman
N V Tyagarajan
(Appointed 24 April 2024)
J Southgate
(Appointed 1 September 2024)
Secretary
M Lowe
Company number
13210674
Registered office
Suite 2.03 Hx1 And 2nd Floor
Harbour Exchange Square, Isle of Dogs
London
E14 9GE
Auditor
MGI Midgley Snelling LLP
Ibex House
Baker Street
Weybridge
Surrey
KT13 8AH
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
CONTENTS
Page
Statement of governance and internal control
1 - 3
Balance sheet
4
Statement of changes in equity
5
Statement of cash flows
6
Notes to the financial statements
7 - 15
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
STATEMENT OF GOVERNANCE AND INTERNAL CONTROL
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The following statement is intended to provide an understanding of the governance and internal control environment applicable to SP Jain London School of Management ("SPJ UK") as it has operated for the year ended 31 March 2025 and up to the date of approval of this report. The school is a private higher education institution regulated by the Office for Students (OfS) in its capacity as principal regulator.

Governance

 

In accordance with the Memorandum and Articles of the School and the School’s Governance Charter, the Board of Directors is responsible for ensuring the effective governance and management of the affairs of the School. In particular its duties are:

 

The Board of Directors has established the following committees to support its work:

SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
STATEMENT OF GOVERNANCE AND INTERNAL CONTROL
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The Board of Directors' practice and procedure is in line with the OfS Regulatory Framework for Higher Education in England and the guidance notes issued by the OfS. It also conducts its business in accordance with the Standards in Public Life and the Committee of University Chairs (CUC) Higher Education Code of Governance 2020. It has formally adopted the principles of the CUC Higher Education Remuneration Code and the CUC’s Higher Education Audit Committees Code of Practice as appropriate to the size and nature of the institution.

 

The School maintains a Register of Interests of members of the Board of Directors and senior staff which may be consulted by arrangement with the Chief Operating Officer.

 

Executive management is delegated to the Senior Management Team. They make regular reports to the Board of Directors on the progress with the development of the School.

Statement of internal control

 

The Board of Directors is responsible for maintaining a sound system of internal financial control in accordance with the responsibilities assigned to it by the Higher Education and Research Act (2017) and the registration requirements of the Office for Students.

 

The system of internal control is designed to manage the risk of failure to achieve strategic business objectives. As well as supporting the achievement of aims and objectives it includes the appropriate policies to ensure the safeguarding of public and other funds and assets while providing for the prevention and detection of corruption, fraud, bribery and other irregularities. The Board of Directors is advised on the system of internal control by the Audit and Risk Committee which also monitors the policies as appropriate.

 

The system also encompasses risk management at the School. To this end the School has approved a risk management policy and a risk management plan which is linked to the strategic objectives of the School as well as financial, operational and compliance risks and how these are being mitigated and managed. As part of the development of the new School Strategy, the School also developed a risk statement setting out its attitude to risk in a range of scenarios.

 

While the School is still developing, the Board of Directors continues to review the risk management plan at every meeting to ensure that it understands how the risks are being managed. The Risk Management Plan is updated throughout the year and includes the main risk owners and risk mitigating actions. Risks are prioritised by likelihood and impact and rated accordingly.

 

The school’s revenue is recognised as per the receipts in the bank statements, accounting for the timing differences due to the duration of courses differing from the financial year end. Hence the reported revenue accurately reflects the financial performance of the School.

 

The Board of Directors has taken reasonable steps to:

 

SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
STATEMENT OF GOVERNANCE AND INTERNAL CONTROL
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

The Board of Directors oversees the preparation of an annual report and financial statements which are lodged with Companies House, the financial statements are also prepared to meet all OfS requirements. In the 2023-24 financial statements, an exceptional loss was recorded under administrative expenses which represent fraudulent payments following phishing activities that compromised the emails of the employees of the parent company. A further payment of £152,300 fell into the 2024-25 financial year. During the current year, the bank involved reached a settlement with the Company to refund some of the fraudulent payments made which have been recognised as other income. Improvements have been made to the internal control environment of the parent company to prevent re-occurrence and a strengthened Finance Team has been put in place. At a Group level, these include the appointment of an internal audit function and a three-stage approval process for all payments and a final sign off of payments by the Senior Management Team. Improvements are also being made to IT Security and the School is working to gain the ISO 27001 Cyber Security Standard. These controls have been reviewed by the Audit and Risk Committee and the Board of Directors.

 

The role of the external auditor is to provide an independent and objective assessment of a company's financial statements, ensuring their accuracy and compliance with relevant regulations.

This report was approved by the board and signed on its behalf by:
M S Stuart
K Soin
Chair of the board
Accountable officer
21 July 2025
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
1,733,907
1,839,960
Current assets
Debtors
6
391,423
301,730
Cash at bank and in hand
1,231,255
282,134
1,622,678
583,864
Creditors: amounts falling due within one year
7
(9,274,255)
(5,868,611)
Net current liabilities
(7,651,577)
(5,284,747)
Net liabilities
(5,917,670)
(3,444,787)
Capital and reserves
Called up share capital
8
2,000,000
2,000,000
Profit and loss reserves
(7,917,670)
(5,444,787)
Total equity
(5,917,670)
(3,444,787)

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 July 2025 and are signed on its behalf by:
M S Stuart
K Soin
Chair of the board
Accountable officer
Company registration number 13210674 (England and Wales)
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
2,000,000
(1,222,875)
777,125
Year ended 31 March 2024:
Loss and total comprehensive income
-
(4,221,912)
(4,221,912)
Balance at 31 March 2024
2,000,000
(5,444,787)
(3,444,787)
Year ended 31 March 2025:
Loss and total comprehensive income
-
(2,472,883)
(2,472,883)
Balance at 31 March 2025
2,000,000
(7,917,670)
(5,917,670)
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
1,088,900
838,267
Investing activities
Purchase of tangible fixed assets
(139,779)
(1,929,302)
Net cash used in investing activities
(139,779)
(1,929,302)
Net increase/(decrease) in cash and cash equivalents
949,121
(1,091,035)
Cash and cash equivalents at beginning of year
282,134
1,373,169
Cash and cash equivalents at end of year
1,231,255
282,134
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
1
Accounting policies
Company information

SP Jain London School of Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2.03 Hx1 And 2nd Floor, Harbour Exchange Square, Isle of Dogs, London, E14 9GE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 together with OfS Regulatory Advice 9: Accounts direction and the Statement of Recommended Practice for Further and Higher Education.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The directors have received confirmation from the company's parent that financial support will be forthcoming for the foreseeable future, being a period of not less than twelve months from the date that these financial statements were approved.

 

Additionally, the directors have considered the ability of the parent company to provide such support.The directors do not foresee any issues with the ability or willingness of the parent company to support the company. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Revenue is derived from the provision of educational courses. 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 and rebates. The following criteria must also be met before revenue is recognised:

 

Revenue represents tuition fees in relation to courses delivered during the year and is recognised evenly over the period of the relevant courses. Revenue is recorded net of bursaries and scholarships. Amounts invoiced for the courses which will be provided in future periods are held at the balance sheet date within deferred income. Where tuition has been provided to funded students but the funding has not yet been received the income is recognised as accrued income.

 

Revenue is recognised in relation to active students only. Active students are defined as those that are actively engaged with their courses. Where a student is absent for a period of time, the Student Success Tutors contact the student via phone or email to understand their absence and advise them on the potential impact a sustained absence may have on their funding. The Retention Team is informed to re-engage and ultimately take a decision as to the student’s status. If a student has not attended courses for a 4-week period and have not engaged with the relevant teams and tutors, they are suspended from study and after 5 weeks they are no longer considered active or we change status to withdrawn. Income is not recognised in respect of such students after that period.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 8 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over the term of the lease
Fixtures and fittings
5 years straight line
Computers
3 years straight line
Office equipment
8 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 9 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Debtor recoverability

Determine whether there are any debtors that have been overdue for an extended period of time, or there is any indication of any students who may be facing financial problems. The company regularly reviews the overdue debit balances and determines based on either their previous trading experience with the student, or their knowledge of the debtor whether a repayment should be expected.

Tangible fixed assets

Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration when reaching such a decision include the economic viability and expected future financial performance of the asset.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the asset and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as the working condition of the assets and whether the assets are still in use are both taken into account.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Directors
7
7
Academic board members
4
3
Academic staff
5
4
Administrative staff
15
8
Total
31
22

Prior year remuneration figures have been restated to reflect employee remuneration excluding visiting faculty fees and salary costs recharged from group entities.

SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Employees
(Continued)
- 11 -
The number of staff with a basic salary over £100,000 in the year was as follows:
2025
2024
Basic salary per annum
No.
No.
£110,000 - £114,999
-
1
£115,000 - £119,999
-
-
£120,000 - £124,999
1
-
£125,000 - £129,999
1
1
£130,000 - £134,999
-
-
£135,000 - £139,999
-
1
£140,000 - £144,999
1
-
Total
3
3
Head of Provider's salary

The head of provider’s remuneration and that of other members of the Senior Management Team is determined by Remuneration Committee. When setting remuneration, the Committee receives benchmarking data and considers:

 

 

 

 

The head of provider received a basic salary of £129,000 (2024: £125,496), bonus totalling £30,291 (2024: £38,000) and pension contributions of £1,321 (2024: £1,321) during the year.

 

The head of the provider's basic salary is 2.8 (2024: 4.2) times the median pay of staff, where the median pay is calculated on a full-time equivalent basis for the salaries paid by the provider to its staff.

 

The head of provider's total remuneration is 3.2 (2024: 5.4) times the median total remuneration of staff, where the median total remuneration is calculated on a full-time equivalent basis for the total remuneration by the provider of its staff.

4
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
142,994
107,016
Company pension contributions to defined contribution schemes
1,356
-
144,350
107,016
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Directors' remuneration
(Continued)
- 12 -

The highest paid director received remuneration of £60,000 (2024: £48,500).

 

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024: NIL).

 

The value of the company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £1,321 (2024: £NIL).

 

The total accrued pension provision of the highest paid director at 31 March 2025 amounted to £110 (2024: £NIL).

5
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computers
Office equipment
Total
£
£
£
£
£
Cost
At 1 April 2024
1,717,691
24,038
77,905
110,663
1,930,297
Additions
-
0
32,606
102,507
4,666
139,779
At 31 March 2025
1,717,691
56,644
180,412
115,329
2,070,076
Depreciation and impairment
At 1 April 2024
71,570
2,023
10,980
5,764
90,337
Depreciation charged in the year
171,770
9,205
51,167
13,690
245,832
At 31 March 2025
243,340
11,228
62,147
19,454
336,169
Carrying amount
At 31 March 2025
1,474,351
45,416
118,265
95,875
1,733,907
At 31 March 2024
1,646,121
22,015
66,925
104,899
1,839,960
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
168,636
97,669
Amounts owed by group undertakings
100
99
Other debtors
13,326
2,953
Prepayments and accrued income
209,361
201,009
391,423
301,730

Amounts owed by group undertakings are considered to be repayable on demand. This balance is unsecured.

SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
451,845
21,213
Amounts owed to group undertakings
6,522,173
4,619,234
Taxation and social security
53,463
-
0
Other creditors
5,657
-
0
Accruals and deferred income
2,241,117
1,228,164
9,274,255
5,868,611

Amounts owed to group undertakings includes a loan of £6,395,726 (2024: £4,556,603) which is considered to be repayable on demand and has annual interest of 5%. The interest has been waived for the 2025 year end.These amounts are unsecured.

 

The remaining balance of £126,447 (2024: £62,631) is payable on demand and has no annual interest. These amounts are unsecured.

8
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2,000,000
2,000,000
2,000,000
2,000,000
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Tracey Wickens
Statutory Auditor:
MGI Midgley Snelling LLP
Date of audit report:
21 July 2025
SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
10
Financial commitments, guarantees and contingent liabilities

Under the lease agreement for our office premises, the company may be required to restore the premises to its original condition at the end of the lease. However, as at the reporting date and based on current information and discussions, management believes that no material outflow of economic resources is probable. Accordingly, it is not practicable to quantify a reliable estimate of potential costs at this stage. The amount and timing of any potential restoration costs is uncertain and dependent on the landlord’s final requirements at the end of the lease term. There is also uncertainty as to whether any restoration will be required at all. Further there is possibility of extending/renewing the lease. No reimbursement is expected in respect of any restoration costs that may be incurred.

11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
613,334
54,490
Between two and five years
2,415,173
517,655
In over five years
2,712,180
673,496
5,740,687
1,245,641

The analysis of operating lease commitments for the year ended 31 March 2024 have been restated to reflect the cost and split in accordance with the underlying lease.

12
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025
2024
£
£
Aggregate compensation
548,602
547,133
Other information

The parent company is the guarantor for all operating lease commitments of the company.

 

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.

 

 

 

 

 

 

 

 

SP JAIN LONDON SCHOOL OF MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
13
Ultimate controlling party

S. P. Jain Education Fz-LLC, a company registered in Dubai, United Arab Emirates, is the immediate parent company of S P Jain London School of Management Limited and heads up the smallest and largest group within which the subsidiary belongs and for which group accounts are prepared. Consoliated financial statements are available from the registered address S.P.Jain Center, 533 Kanta Terrace Ground Floor, Kalbadevi Road Mumbai, Mumbai City, MH 400002 IN.

 

The ultimate parent company is Aulden Holdings Limited, a company registered in the British Virgin Islands.

14
Access and participation investment
2025
2024
£
£
Access investment
29,269
Financial support investment
40,000
21,175
Research and evaluation
14,884
-
84,153
21,175

The approved Access and Participation Plan is available on the university website at: https://www.spjain.ac.uk/events/access-and-participation-plan

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