IRIS Accounts Production v24.3.0.553 11250194 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 11250194 2023-08-31 11250194 2024-08-31 11250194 2023-09-01 2024-08-31 11250194 2022-08-31 11250194 2022-09-01 2023-08-31 11250194 2023-08-31 11250194 ns15:EnglandWales 2023-09-01 2024-08-31 11250194 ns14:PoundSterling 2023-09-01 2024-08-31 11250194 ns10:Director1 2023-09-01 2024-08-31 11250194 ns10:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11250194 ns10:SmallEntities 2023-09-01 2024-08-31 11250194 ns10:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11250194 ns10:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11250194 ns10:FullAccounts 2023-09-01 2024-08-31 11250194 1 2023-09-01 2024-08-31 11250194 ns10:OrdinaryShareClass1 2023-09-01 2024-08-31 11250194 ns10:Director2 2023-09-01 2024-08-31 11250194 ns10:RegisteredOffice 2023-09-01 2024-08-31 11250194 ns5:CurrentFinancialInstruments 2023-08-31 11250194 ns5:CurrentFinancialInstruments 2024-08-31 11250194 ns5:Non-currentFinancialInstruments 2023-08-31 11250194 ns5:Non-currentFinancialInstruments 2024-08-31 11250194 ns5:ShareCapital 2023-08-31 11250194 ns5:ShareCapital 2024-08-31 11250194 ns5:RetainedEarningsAccumulatedLosses 2023-08-31 11250194 ns5:RetainedEarningsAccumulatedLosses 2024-08-31 11250194 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11250194 ns5:PlantMachinery 2023-09-01 2024-08-31 11250194 ns5:FurnitureFittings 2023-09-01 2024-08-31 11250194 ns5:MotorVehicles 2023-09-01 2024-08-31 11250194 ns5:ComputerEquipment 2023-09-01 2024-08-31 11250194 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 11250194 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-08-31 11250194 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 11250194 ns5:LandBuildings 2023-08-31 11250194 ns5:PlantMachinery 2023-08-31 11250194 ns5:LandBuildings 2023-09-01 2024-08-31 11250194 ns5:LandBuildings 2024-08-31 11250194 ns5:PlantMachinery 2024-08-31 11250194 ns5:LandBuildings 2023-08-31 11250194 ns5:PlantMachinery 2023-08-31 11250194 ns5:FurnitureFittings 2023-08-31 11250194 ns5:MotorVehicles 2023-08-31 11250194 ns5:ComputerEquipment 2023-08-31 11250194 ns5:FurnitureFittings 2024-08-31 11250194 ns5:MotorVehicles 2024-08-31 11250194 ns5:ComputerEquipment 2024-08-31 11250194 ns5:FurnitureFittings 2023-08-31 11250194 ns5:MotorVehicles 2023-08-31 11250194 ns5:ComputerEquipment 2023-08-31 11250194 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-08-31 11250194 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-08-31 11250194 ns5:CurrentFinancialInstruments 2023-09-01 2024-08-31 11250194 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-08-31 11250194 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2023-08-31 11250194 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-08-31 11250194 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2023-08-31 11250194 ns10:OrdinaryShareClass1 2024-08-31 11250194 ns5:RetainedEarningsAccumulatedLosses 2023-08-31 11250194 ns5:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31

REGISTERED NUMBER: 11250194 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 AUGUST 2024 |

| FOR |

| ABBOTSHOLME SCHOOL LIMITED |

ABBOTSHOLME SCHOOL LIMITED (REGISTERED NUMBER: 11250194) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| ABBOTSHOLME SCHOOL LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2024

| DIRECTORS: | Ms T Zhou

| Mr C Bao

| REGISTERED OFFICE: | Abbotsholme School

| Rocester

| Uttoxeter

| Staffordshire

| ST14 5BS

| REGISTERED NUMBER: | 11250194 (England and Wales)

| ACCOUNTANTS: | Wynniatt-Husey Limited (Uttoxeter Branch)

| The Old Bakehouse

| Dove Walk

| Uttoxeter

| Staffordshire

| ST14 8EH

ABBOTSHOLME SCHOOL LIMITED (REGISTERED NUMBER: 11250194) |

BALANCE SHEET

31 AUGUST 2024

31.8.23 |  | 31.8.24 |

£ | £ |  | Notes | £ | £ |

| FIXED ASSETS

4 |  |  | Intangible assets | 4 | 4 |  |

3,674,767 |  |  | Tangible assets | 5 | 3,657,397 |  |

3,674,771 |  | 3,657,401 |  |

| CURRENT ASSETS

32,289 |  |  | Stocks | 6 | 98,680 |  |

56,789 |  |  | Debtors | 7 | 146,362 |  |

262,979 |  |  | Cash at bank and in hand | 427,323 |  |

352,057 |  | 672,365 |  |

| CREDITORS

4,675,281 |  |  | Amounts falling due within one year | 8 | 5,724,410 |  |

(4,323,224 | ) |  | NET CURRENT LIABILITIES | (5,052,045 | ) |

(648,453 | ) |  | TOTAL ASSETS LESS CURRENT LIABILITIES | (1,394,644 | ) |

| CREDITORS

240,000 |  |  | Amounts falling due after more than one year | 9 | 120,000 |  |

(888,453 | ) |  | NET LIABILITIES | (1,514,644 | ) |

| CAPITAL AND RESERVES

1 |  |  | Called up share capital | 11 | 1 |  |

(888,454 | ) |  | Retained earnings | 12 | (1,514,645 | ) |

(888,453 | ) |  | SHAREHOLDERS' FUNDS | (1,514,644 | ) |

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.

ABBOTSHOLME SCHOOL LIMITED (REGISTERED NUMBER: 11250194) |

BALANCE SHEET - 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 30 September 2025 and were signed on its behalf by:

Mr C Bao - Director

ABBOTSHOLME SCHOOL LIMITED (REGISTERED NUMBER: 11250194) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

1. | STATUTORY INFORMATION

| Abbotsholme 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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Significant judgements and estimates

| The presentation of the financial statements requires judgements, estimations and assumptions to be made that affect the reported values of assets, liabilities, revenue and expenses. The nature of estimation and judgement means that actual outcomes could differ from those estimates. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable recognised by the company in respect of services supplied during the period.

| In the past turnover was always net of pupils remissions, bursaries and scholarships. The company has changed this accounting policy to be in line with FRS 102 section 23 and therefore the income will be shown gross and cost of remissions will be included in cost of sales.

| 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 | - | Nil

| Plant and machinery | - | 15% on cost

| Fixtures and fittings | - | 15% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 25% on cost

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

| Buildings - 2% straight line on depreciable value ( cost less residual value).

| The freehold land is shown in the accounts at cost and is not depreciated.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| All stock movement is expensed to the profit and loss account.

| 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 balance sheet date.

ABBOTSHOLME SCHOOL LIMITED (REGISTERED NUMBER: 11250194) |

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 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 costs and other post-retirement benefits

| The company contributes to a work place defined contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Intangible assets

| Patents and licences are shown in the accounts at cost and are not amortised as the amounts are not materially different from cost.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Going concern

| The directors expect the company to continue operating on a going concern basis for the next 12 months. Thus the accounts have been prepared on a going concern basis.

| Financial instruments

| Financial instruments are recognised at fair value using a valuation technique with any gains or losses being reported in profit or loss. Outstanding derivatives at reporting date are included under the appropriate format heading depending on the nature of the derivative.

| Payments in advance

| Payments in advance represent sums paid by pupils in advance of their courses which are refundable in whole or in part should they cancel their course.

| Bad debts

| Unpaid amounts contractually owed by pupils may be written off as bad debts in line with the schools bad debt policy.

| Fee deposits

| Fee deposits received are held on the balance sheet and refunded when a student leaves the school.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 116 (2023 - 116 ) .

ABBOTSHOLME SCHOOL LIMITED (REGISTERED NUMBER: 11250194) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2024

4. | INTANGIBLE FIXED ASSETS

| Patents

| and

| licences

£ |

| COST

| At 1 September 2023

| and 31 August 2024 | 4 |  |

| NET BOOK VALUE

| At 31 August 2024 | 4 |  |

| At 31 August 2023 | 4 |  |

| The intangible assets are the rights acquired to patents and licences.

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and

| Totals |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 September 2023 | 3,878,439 |  | 3,615,631 |  | 65,059 |  |

| Additions | 6,106 |  | - |  | - |  |

| At 31 August 2024 | 3,884,545 |  | 3,615,631 |  | 65,059 |  |

| DEPRECIATION

| At 1 September 2023 | 203,672 |  | - |  | 32,142 |  |

| Charge for year | 23,476 |  | - |  | 9,759 |  |

| At 31 August 2024 | 227,148 |  | - |  | 41,901 |  |

| NET BOOK VALUE

| At 31 August 2024 | 3,657,397 |  | 3,615,631 |  | 23,158 |  |

| At 31 August 2023 | 3,674,767 |  | 3,615,631 |  | 32,917 |  |

ABBOTSHOLME SCHOOL LIMITED (REGISTERED NUMBER: 11250194) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2024

5. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |  | Computer

| fittings |  | vehicles |  | equipment

£ | £ | £ |

| COST

| At 1 September 2023 | 50,000 |  | 3,500 |  | 144,249 |  |

| Additions | - |  | - |  | 6,106 |  |

| At 31 August 2024 | 50,000 |  | 3,500 |  | 150,355 |  |

| DEPRECIATION

| At 1 September 2023 | 40,000 |  | 525 |  | 131,005 |  |

| Charge for year | 7,500 |  | 875 |  | 5,342 |  |

| At 31 August 2024 | 47,500 |  | 1,400 |  | 136,347 |  |

| NET BOOK VALUE

| At 31 August 2024 | 2,500 |  | 2,100 |  | 14,008 |  |

| At 31 August 2023 | 10,000 |  | 2,975 |  | 13,244 |  |

| The freehold land and buildings are shown at cost. The buildings are depreciated at 2% straight line on cost less residual value. The directors believe that the value of the land and property is higher than the original cost. The company continues a relentless program of repairs and renewals each year to keep the buildings to a high standard.

6. | STOCKS

| 31.8.24 |  | 31.8.23

£ | £ |

| Stocks | 98,680 |  | 32,289 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.24 |  | 31.8.23

£ | £ |

| Trade debtors | 90,172 |  | 260,354 |  |

| Bad debt provision | - |  | (239,829 | ) |

| Prepayments and accrued income | 56,190 |  | 36,264 |  |

146,362 |  | 56,789 |  |

ABBOTSHOLME SCHOOL LIMITED (REGISTERED NUMBER: 11250194) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2024

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.24 |  | 31.8.23

£ | £ |

| Bank loans and overdrafts (see note 10) | 121,280 |  | 131,927 |  |

| Trade creditors | 250,898 |  | 167,371 |  |

| Amounts owed to group undertakings | 1,094,935 |  | 1,649,157 |  |

| Payments in advance | 1,187,780 |  | 853,329 |  |

| Other creditors | 18,837 |  | 17,587 |  |

| School trips | 29,078 |  | 16,085 |  |

| Social security and other tax | 215,966 |  | 116,968 |  |

| Teacher pension control | 19,867 |  | 90,162 |  |

| Directors' current accounts | 2,220,742 |  | 1,130,242 |  |

| Accrued expenses | 103,580 |  | 103,821 |  |

| Fee deposits | 461,447 |  | 398,632 |  |

5,724,410 |  | 4,675,281 |  |

| Amounts owed to group undertakings in the parent company are unsecured, interest free and are repayable on demand.

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.8.24 |  | 31.8.23

£ | £ |

| Bank loans (see note 10) | 120,000 |  | 240,000 |  |

10. | LOANS

| An analysis of the maturity of loans is given below:

| 31.8.24 |  | 31.8.23

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 1,280 |  | 11,927 |  |

| Bank loans | 120,000 |  | 120,000 |  |

121,280 |  | 131,927 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 120,000 |  | 120,000 |  |

| Amounts falling due between two and five years:

| Bank loan more than 2 years | - |  | 120,000 |  |

| The company received Coronavirus Business Interruption Loan of £600,000 which is carrying interest rate of 4.16%. The first instalment started in September 2021. The outstanding balance must be repaid in full by 31 July 2026. The loan has CBILS Guarantee which is backed by the UK Government.

ABBOTSHOLME SCHOOL LIMITED (REGISTERED NUMBER: 11250194) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2024

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.8.24 |  | 31.8.23

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

12. | RESERVES

| Retained

| earnings

£ |

| At 1 September 2023 | (888,454 | ) |

| Deficit for the year | (626,191 | ) |

| At 31 August 2024 | (1,514,645 | ) |

| Retained earnings represent cumulative distributable profits net of dividends.

13. | RELATED PARTY DISCLOSURES

| During the year, no dividends were paid to the directors/shareholders.

| Included in creditors is an amount due to a director of the company amounting to £2,220,742 (2023: £1,130,242) which is an interest free loan. Mr C Bao introduced £1,090,500 into the company during the year.

14. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr C Bao by virtue of his majority shareholding in Achieve Education Limited.

15. | ULTIMATE PARENT COMPANY

| Achieve Education Limited owns 100% of the company. Registered office: Chase Grammar School, Convent Close, Cannock, Staffordshire, WS11 0UR. A copy of the parent company's consolidated accounts are available from Companies House.

16. | CHARGES AND SECURITIES

| There are fixed and floating charges secured against the assets of the company.

17. | GOING CONCERN

| Total liabilities exceed total assets by £1,514,645. However, the directors are confident that the company is able to meet its liabilities as they fall due, with the support of the parent company, Achieve Education Limited. The directors agree to subordinate their directors' loans in the group in favour of third party creditors.