THE OLD SCHOOL HOUSE RESTAURANT LIMITED

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 03124386

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		243,022		284,943

			243,022		284,943
CURRENT ASSETS
Stocks	6	26,900		26,135
Debtors	7	355,992		356,889
Cash at bank and in hand		855,834		705,880

		1,238,726		1,088,904
Creditors: Amounts Falling Due Within One Year	8	(300,504 )		(310,817 )

NET CURRENT ASSETS (LIABILITIES)			938,222		778,087

TOTAL ASSETS LESS CURRENT LIABILITIES			1,181,244		1,063,030

Creditors: Amounts Falling Due After More Than One Year	9		(58,709 )		(14,090 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(14,900 )		(22,900 )

NET ASSETS			1,107,635		1,026,040

CAPITAL AND RESERVES
Called up share capital	11		450,000		450,000
Income Statement			657,635		576,040

SHAREHOLDERS' FUNDS			1,107,635		1,026,040

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THE OLD SCHOOL HOUSE RESTAURANT LIMITED

Statement of Financial Position (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr N M Dobson

Director

15/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

THE OLD SCHOOL HOUSE RESTAURANT LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03124386 . The registered office is The Old School House Restaurant, Weeford, Lichfield, Staffordshire, WS14 0PW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

2.2. Turnover

Turnover is the total amount receivable by the Company in the ordinary course of business for services provided, excluding VAT.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets, other than freehold land, are stated at cost of valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the folllowing basis:

Freehold	4% and 10% straight line
Plant & Machinery	10% and 20% straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	10% straight line
Computer Equipment	33.3% straight line

2.6. Leasing and Hire Purchase Contracts

Rentals payments under operating leases are charged to the profit and loss account in the period in which they are incurred.

Where assets are financed by leasing or hire purchase agreements which give risks and rewards approximating to ownership they are treated as if they had been purchased outright on credit. They are therefore initially recorded as a fixed asset and a liability, at a sum equal to the fair value of the asset. Payments on such assets are regarded as consisting of a capital element which reduces the outstanding liability and an interest element which is charged to the profit and loss account.

2.7. Stocks and Work in Progress

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

2.8. Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

2.9. Pensions

The Company operates a defined contribution scheme, on the advice of external actuaries, which is funded by payments to independent trusts or to insurance companies. The pension costs charge charge represents contributions payable for the year by the Company and comprises past and current service contributions. The Company provides no other post retirement benefits to its employees.

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THE OLD SCHOOL HOUSE RESTAURANT LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.10. Government Grant

Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 63 (2024: 52)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 March 2024	376,685

As at 28 February 2025	376,685

Amortisation
As at 1 March 2024	376,685

As at 28 February 2025	376,685

Net Book Value
As at 28 February 2025	-

As at 1 March 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 March 2024	431,229	128,164	116,580	355,853
Additions	-	-	66,139	11,512
Disposals	-	-	(73,820 )	(30,462 )

As at 28 February 2025	431,229	128,164	108,899	336,903

Depreciation
As at 1 March 2024	313,174	121,159	48,583	264,150
Provided during the period	22,115	2,036	19,693	13,787
Disposals	-	-	(18,455 )	(22,684 )

As at 28 February 2025	335,289	123,195	49,821	255,253

Net Book Value
As at 28 February 2025	95,940	4,969	59,078	81,650

As at 1 March 2024	118,055	7,005	67,997	91,703

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THE OLD SCHOOL HOUSE RESTAURANT LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025


	Computer Equipment	Total
	£	£
Cost
As at 1 March 2024	5,389	1,037,215
Additions	2,011	79,662
Disposals	(3,442 )	(107,724 )

As at 28 February 2025	3,958	1,009,153

Depreciation
As at 1 March 2024	5,206	752,272
Provided during the period	809	58,440
Disposals	(3,442 )	(44,581 )

As at 28 February 2025	2,573	766,131

Net Book Value
As at 28 February 2025	1,385	243,022

As at 1 March 2024	183	284,943

6. Stocks

	2025	2024
	£	£
Finished goods	26,900	26,135

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	902	-
Amounts owed by group undertakings	331,302	333,585
Other debtors	23,788	23,304

	355,992	356,889

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	10,250	2,930
Trade creditors	54,369	57,988
Amounts owed to group undertakings	1,689	8,360
Other creditors	113,859	97,158
Taxation and social security	120,337	144,381

	300,504	310,817

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	58,709	14,090

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THE OLD SCHOOL HOUSE RESTAURANT LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	10,250	2,930
Later than one year and not later than five years	58,709	14,090

	68,959	17,020

	68,959	17,020

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	450,000	450,000

12. Ultimate Controlling Party

The Company is a wholly owned subsidiary of The Old School House Holding Company Limited, a Company registered in England. The accounts for The Old School House Holding Company Limited are retained at the registered office being Old School House Restaurant, Weeford, Nr Lichfield, Staffordshire, WS14 0PW, which is also their principal place of business.

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