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2023-12-31 08627838 dpl:GroupUndertakings 2023-01-01 2023-12-31 08627838 dpl:ParticipatingInterests 2023-01-01 2023-12-31 08627838 dpl:GroupUndertakings core:ListedExchangeTraded 2023-01-01 2023-12-31 08627838 core:ListedExchangeTraded 2023-01-01 2023-12-31 08627838 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-01-01 2023-12-31 08627838 core:UnlistedNon-exchangeTraded 2023-01-01 2023-12-31 08627838 core:NetGoodwill 2024-12-31 08627838 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 08627838 core:LandBuildings 2024-12-31 08627838 core:PlantMachinery 2024-12-31 08627838 core:Vehicles 2024-12-31 08627838 core:FurnitureFittings 2024-12-31 08627838 core:OfficeEquipment 2024-12-31 08627838 core:AfterOneYear 2024-12-31 08627838 core:WithinOneYear 2024-12-31 08627838 core:ListedExchangeTraded 2024-12-31 08627838 core:UnlistedNon-exchangeTraded 2024-12-31 08627838 core:ShareCapital 2024-12-31 08627838 core:SharePremium 2024-12-31 08627838 core:RevaluationReserve 2024-12-31 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LA SALLE EDUCATION LIMITED

Registered Number
08627838
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

LA SALLE EDUCATION LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors | Mr Nicholas Cartwright
| Mr Christopher Compton

Registered Address | The Leather Market
| Weston Street
| London
| SE1 3ER

Registered Number | 08627838 (England and Wales)

LA SALLE EDUCATION LIMITED
Statement of Financial Position
31 December 2024

| Notes | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Intangible assets | 3 |  |  | 742,606 |  |  |  | 665,088
Tangible assets | 4 |  |  | 13,520 |  |  |  | 20,062
|  |  |  | 756,126 |  |  |  | 685,150
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 135,463 |  |  |  | 569,577 |  |
Cash at bank and on hand |  | 9,825 |  |  |  | 48,614 |  |
|  | 145,288 |  |  |  | 618,191 |  |
Creditors amounts falling due within one year | 6 | (905,879) |  |  |  | (1,079,844) |  |
Net current assets (liabilities) |  |  |  | (760,591) |  |  |  | (461,653)
Total assets less current liabilities |  |  |  | (4,465) |  |  |  | 223,497
Creditors amounts falling due after one year | 7 |  |  | (6,310) |  |  |  | (16,310)
Net assets |  |  |  | (10,775) |  |  |  | 207,187
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 84,771 |  |  |  | 84,771
Share premium |  |  |  | 3,707,445 |  |  |  | 3,707,445
Profit and loss account |  |  |  | (3,802,991) |  |  |  | (3,585,029)
Shareholders' funds |  |  |  | (10,775) |  |  |  | 207,187

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 October 2025, and are signed on its behalf by:
Mr Nicholas Cartwright Director Registered Company No. 08627838

LA SALLE EDUCATION LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| La Salle Education Limited is a private company, limited by shares, registered in England and Wales, registration number 8627838. The registered office is The Leather Market, Weston Street, London, SE1 3ER.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities. There were no material departures from that standard. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention.

| Functional and presentation currency
--- | ---
| The financial statements are presented in £ sterling and this is the functional currency of the company.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Turnover policy
--- | ---
| Turnover is recognised on the accruals basis 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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Income received relating to future financial years is included in deferred income and is recognised over the period that the services are provided. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

| 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.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current taxation
--- | ---
| The tax expense represents the sum of the tax currently payable or recoverable. 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.

| Intangible assets
--- | ---
| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

| Research and development
--- | ---
| Research expenditure is written off against profits in the year in which it is incurred.

| Development costs
--- | ---
| Identifiable development expenditure is capitalised as an intangible fixed asset to the extent that the technical, commercial and financial feasibility can be demonstrated. Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model). Amortisation is recognised using the straight-line basis and results in the carrying amount being expensed in profit or loss over the estimated useful life of five years.

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

|  | Reducing balance (%)
| Fixtures and fittings | 33
| Office Equipment | 33

| 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.

| Financial instruments
--- | ---
| Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

| Related parties
--- | ---
| For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2. | Average number of employees
--- | ---

|  | 2024 |  | 2023
| Average number of employees during the year | 12 |  | 24

3. | Intangible assets
--- | ---

|  | Other |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 January 24 | 1,526,162 |  | 1,526,162
| Additions | 274,766 |  | 274,766
| At 31 December 24 | 1,800,928 |  | 1,800,928
| Amortisation and impairment
| At 01 January 24 | 861,074 |  | 861,074
| Charge for year | 197,248 |  | 197,248
| At 31 December 24 | 1,058,322 |  | 1,058,322
| Net book value
| At 31 December 24 | 742,606 |  | 742,606
| At 31 December 23 | 665,088 |  | 665,088

4. | Tangible fixed assets
--- | ---

|  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £
| Cost or valuation
| At 01 January 24 | - |  | 36,719 |  | 36,719
| Additions | 2,084 |  | 3,709 |  | 5,793
| At 31 December 24 | 2,084 |  | 40,428 |  | 42,512
| Depreciation and impairment
| At 01 January 24 | - |  | 16,657 |  | 16,657
| Charge for year | 579 |  | 11,756 |  | 12,335
| At 31 December 24 | 579 |  | 28,413 |  | 28,992
| Net book value
| At 31 December 24 | 1,505 |  | 12,015 |  | 13,520
| At 31 December 23 | - |  | 20,062 |  | 20,062

5. | Debtors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 11,853 |  | 326,174
| Other debtors | 119,476 |  | 237,164
| Prepayments and accrued income | 4,134 |  | 6,239
| Total | 135,463 |  | 569,577

6. | Creditors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 92,092 |  | 92,821
| Bank borrowings and overdrafts | 10,000 |  | 10,000
| Taxation and social security | 158,443 |  | 144,612
| Other creditors | 1,385 |  | 7,935
| Accrued liabilities and deferred income | 643,959 |  | 824,476
| Total | 905,879 |  | 1,079,844

| The bank loan is from the company's principal banker which bears interest at 2.5% per annum. Repayments are made in equal instalments, which commenced in August 2021 and will conclude in July 2026 (see note 7).

7. | Creditors: amounts due after one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 6,310 |  | 16,310
| Total | 6,310 |  | 16,310

8. | Related party transactions
--- | ---
| Nicholas Cartwright, director, is a 25% shareholders in Frequency Limited, a company that provided La Salle Education Limited with short term office space during 2023. The amount paid during 2024 was £Nil (2023: £600).