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REGISTERED NUMBER: 00773122 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024

FOR

PHILPOTS MANOR SCHOOL LIMITED

PHILPOTS MANOR SCHOOL LIMITED (REGISTERED NUMBER: 00773122)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 September 2023 to 30 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHILPOTS MANOR SCHOOL LIMITED

COMPANY INFORMATION
for the Period 1 September 2023 to 30 August 2024







DIRECTORS: S M Ogilvie
Ms M Velterop
Mrs R H Ogilvie





SECRETARY: Mrs R H Ogilvie





REGISTERED OFFICE: Philpots Manor School Limited
West Hoathley
West Sussex
RH19 4PR





REGISTERED NUMBER: 00773122 (England and Wales)





AUDITORS: WBD Accountants Limited
Statutory Auditor
Marlbridge House
Enterprise Way
Edenbridge
Kent
TN8 6HF

PHILPOTS MANOR SCHOOL LIMITED (REGISTERED NUMBER: 00773122)

BALANCE SHEET
30 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,601,669 3,462,994

CURRENT ASSETS
Debtors 5 380,714 344,181
Cash at bank and in hand 297,537 152,489
678,251 496,670
CREDITORS
Amounts falling due within one year 6 1,515,408 1,369,757
NET CURRENT LIABILITIES (837,157 ) (873,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,764,512

2,589,907

CREDITORS
Amounts falling due after more than one year 7 226,532 140,515
NET ASSETS 2,537,980 2,449,392

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 2,090,187 2,090,187
Retained earnings 447,693 359,105
SHAREHOLDERS' FUNDS 2,537,980 2,449,392

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 29 August 2025 and were signed on its behalf by:





S M Ogilvie - Director


PHILPOTS MANOR SCHOOL LIMITED (REGISTERED NUMBER: 00773122)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 September 2023 to 30 August 2024

1. STATUTORY INFORMATION

Philpots Manor 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The turnover shown in the profit and loss accounts represents revenue receivables on sales from educating and training children with special needs.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is provided on the following basis:

Land and buildings - 2% on cost
Plant and machinery etc - 25% reducing balance


The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement..

Taxation
Taxation for the period 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 balance sheet date.


PHILPOTS MANOR SCHOOL LIMITED (REGISTERED NUMBER: 00773122)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 September 2023 to 30 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 balance sheet 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The accounts have been prepared on a going concern basis as the directors believe that they will continue to operate within the overdraft facility.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 71 (2023 - 57 ) .

PHILPOTS MANOR SCHOOL LIMITED (REGISTERED NUMBER: 00773122)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 September 2023 to 30 August 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 September 2023 3,232,199 294,644 73,982
Additions - 38,707 75,126
Disposals - - (26,021 )
At 30 August 2024 3,232,199 333,351 123,087
DEPRECIATION
At 1 September 2023 185,796 30,255 38,849
Charge for period 20,644 7,968 10,129
Eliminated on disposal - - (26,021 )
At 30 August 2024 206,440 38,223 22,957
NET BOOK VALUE
At 30 August 2024 3,025,759 295,128 100,130
At 31 August 2023 3,046,403 264,389 35,133

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 September 2023 304,662 - 164,056 4,069,543
Additions 67,595 26,142 17,597 225,167
Disposals (187,338 ) - (24,209 ) (237,568 )
At 30 August 2024 184,919 26,142 157,444 4,057,142
DEPRECIATION
At 1 September 2023 241,873 - 109,776 606,549
Charge for period 19,306 1,224 14,208 73,479
Eliminated on disposal (181,400 ) - (17,134 ) (224,555 )
At 30 August 2024 79,779 1,224 106,850 455,473
NET BOOK VALUE
At 30 August 2024 105,140 24,918 50,594 3,601,669
At 31 August 2023 62,789 - 54,280 3,462,994

PHILPOTS MANOR SCHOOL LIMITED (REGISTERED NUMBER: 00773122)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 September 2023 to 30 August 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 August 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2014 2,090,187 - -
Cost 1,142,012 333,351 123,087
3,232,199 333,351 123,087

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2014 - - - 2,090,187
Cost 184,919 26,142 157,444 1,966,955
184,919 26,142 157,444 4,057,142

The property, including the improvements to property, was revalued on 22nd August 2014 at £3.3m in total.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 September 2023
and 30 August 2024 24,205 90,440 114,645
DEPRECIATION
At 1 September 2023
and 30 August 2024 13,111 47,604 60,715
NET BOOK VALUE
At 30 August 2024 11,094 42,836 53,930
At 31 August 2023 11,094 42,836 53,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 356,362 311,102
Other debtors 24,352 33,079
380,714 344,181

PHILPOTS MANOR SCHOOL LIMITED (REGISTERED NUMBER: 00773122)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 September 2023 to 30 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,804 27,662
Hire purchase contracts (see note 8) 12,176 9,647
Trade creditors 77,876 66,500
Taxation and social security 43,319 38,983
Other creditors 1,354,233 1,226,965
1,515,408 1,369,757

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 89,748 117,544
Hire purchase contracts (see note 8) 11,784 22,971
Other creditors 125,000 -
226,532 140,515

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more than 5 years
non-instalment 125,000 -
125,000 -

Repayable by instalments
Bank loans more than 5 years
repayable by instalments 61,852 64,127
61,852 64,127

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 12,176 9,647
Between one and five years 11,784 22,971
23,960 32,618

PHILPOTS MANOR SCHOOL LIMITED (REGISTERED NUMBER: 00773122)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 September 2023 to 30 August 2024

8. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 13,676 18,689
Between one and five years 6,820 20,495
20,496 39,184

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 117,552 145,206

The bank loans are repayable by equal monthly instalments.

The balance on the bank loans at the year end is £117,552 (2023 £145,206)

The bank loans are secured by a legal charge on the school buildings and a debenture over all assets of the company.

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

The Report of the Auditors was unqualified.

K G Wood FCCA (Senior Statutory Auditor)
for and on behalf of WBD Accountants Limited

11. GOING CONCERN AND FINANCIAL SUPPORT

The company's ability to continue as a going concern is dependent upon the continued support of the company's directors, bankers and other lenders. The directors have no reason to believe that sufficient support will not be provided to allow the company to continue trading for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.

The financial statements do not include any adjustment that would result from the withdrawal of this support.