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Company No: 00570660 (England and Wales)

# WOODCOTE HOUSE SCHOOL LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH THE REGISTRAR

WOODCOTE HOUSE SCHOOL LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

Contents

WOODCOTE HOUSE SCHOOL LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
WOODCOTE HOUSE SCHOOL LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

DIRECTORS | D M Paterson
| R Paterson
| N H K Paterson

SECRETARY | E N C Woodhouse

REGISTERED OFFICE | Woodcote House
| Snows Ride
| Windlesham
| Surrey
| GU20 6PF
| United Kingdom

COMPANY NUMBER | 00570660 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

WOODCOTE HOUSE SCHOOL LIMITED

## BALANCE SHEET

AS AT 31 AUGUST 2024
WOODCOTE HOUSE SCHOOL LIMITED

## BALANCE SHEET (continued)

AS AT 31 AUGUST 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 583,347 |  | 658,989
|  | 583,347 |  | 658,989
Current assets |  |  |  |
Stocks | 4 | 13,800 |  | 14,550
Debtors | 5 | 312,413 |  | 86,014
Cash at bank and in hand | 6 | 592,719 |  | 577,585
|  | 918,932 |  | 678,149
Creditors: amounts falling due within one year | 7 | ( 841,246) |  | ( 657,240)
Net current assets |  | 77,686 |  | 20,909
Total assets less current liabilities |  | 661,033 |  | 679,898
Creditors: amounts falling due after more than one year | 8 | ( 70,833) |  | ( 120,833)
Provision for liabilities | 9, 10 | ( 72,742) |  | ( 61,172)
Net assets |  | 517,458 |  | 497,893
Capital and reserves |  |  |  |
Called-up share capital | 11 | 2,001 |  | 2,000
Revaluation reserve |  | 1,311 |  | 1,311
Profit and loss account |  | 514,146 |  | 494,582
Total shareholders' funds |  | 517,458 |  | 497,893

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Woodcote House School Limited (registered number: 00570660) were approved and authorised for issue by the Board of Directors on 12 September 2025. They were signed on its behalf by:

N H K Paterson Director |

WOODCOTE HOUSE SCHOOL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
WOODCOTE HOUSE SCHOOL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Woodcote House School Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Woodcote House, Snows Ride, Windlesham, Surrey, GU20 6PF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
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 balance sheet date.
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 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.

##### Pension Contributions

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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 20 - 50 years straight line
Plant and machinery etc. | 15 % reducing balance
| 3 - 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 37 |  | 40

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 September 2023 | 832,760 |  | 643,931 |  | 1,476,691
Additions | 0 |  | 582 |  | 582
At 31 August 2024 | 832,760 |  | 644,513 |  | 1,477,273
Accumulated depreciation |  |  |  |  |
At 01 September 2023 | 487,930 |  | 329,772 |  | 817,702
Charge for the financial year | 39,768 |  | 36,456 |  | 76,224
At 31 August 2024 | 527,698 |  | 366,228 |  | 893,926
Net book value |  |  |  |  |
At 31 August 2024 | 305,062 |  | 278,285 |  | 583,347
At 31 August 2023 | 344,830 |  | 314,159 |  | 658,989

#### 4. Stocks

| 2024 |  | 2023
| £ |  | £
Stocks | 13,800 |  | 14,550

#### 5. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 310,988 |  | 84,244
Other debtors | 1,425 |  | 1,770
| 312,413 |  | 86,014

#### 6. Cash and cash equivalents

| 2024 |  | 2023
| £ |  | £
Cash at bank and in hand | 592,719 |  | 577,585

#### 7. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 50,000 |  | 50,000
Trade creditors | 2,537 |  | 517
Amounts owed to directors | 21,827 |  | 21,828
Accruals and deferred income | 680,553 |  | 481,377
Other taxation and social security | 20,122 |  | 22,751
Other creditors | 66,207 |  | 80,767
| 841,246 |  | 657,240

#### 8. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 70,833 |  | 120,833

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Provision for liabilities

| 2024 |  | 2023
| £ |  | £
Deferred tax | 72,742 |  | 61,172

#### 10. Deferred tax

| 2024 |  | 2023
| £ |  | £
At the beginning of financial year | ( 61,172) |  | ( 30,909)
Charged to the Profit and Loss Account | ( 11,570) |  | ( 30,263)
At the end of financial year | ( 72,742) |  | ( 61,172)

#### 11. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2,001 Ordinary shares of £ 1.00 each (2023: 2,000 shares of £ 1.00 each) | 2,001 |  | 2,000

#### 12. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2024 |  | 2023
| £ |  | £
within one year | 6,407 |  | 11,215
between one and five years | 16,625 |  | 0
| 23,032 |  | 11,215