REGISTERED NUMBER: 02323582 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PARK HILL SCHOOL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Mehta

A Mehta

Miss A Mehta

Mrs H Lukha

REGISTERED OFFICE:

Georgian House

Park Lane

Stanmore

HA7 3HD

REGISTERED NUMBER:

02323582 (England and Wales)

ACCOUNTANTS:

Innovi Advisors Ltd

Chartered Certified Accountants

163 Herne Hill

London

SE24 9LR

FIXED ASSETS

Intangible assets

4

8,133

-

Tangible assets

5

1,416,603

1,425,951

1,424,736

1,425,951

CURRENT ASSETS

Stocks

17,138

-

Debtors

6

853,427

703,716

Cash and cash equivalents

77,691

159,360

948,256

863,076

CREDITORS

Amounts falling due within one year

7

1,727,312

1,709,814

NET CURRENT LIABILITIES

(779,056

)

(846,738

)

TOTAL ASSETS LESS CURRENT LIABILITIES

645,680

579,213

CREDITORS

Amounts falling due after more than one year

8

(61,499

)

(72,073

)

PROVISIONS FOR LIABILITIES

(350,252

)

(256,762

)

NET ASSETS

233,929

250,378

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Share premium

74,250

74,250

Non-distributable reserve

9

57,043

57,043

Retained earnings

2,636

19,085

SHAREHOLDERS' FUNDS

233,929

250,378

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.

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 October 2025 and were signed on its behalf by:

Mrs S Mehta - Director

1.	STATUTORY INFORMATION

Park Hill 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.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

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.

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.

Turnover

Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.

Goodwill

Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over the following useful economic lives:

Goodwill over 5 years

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates

Freehold buildings

1% on cost

Equipment, fixtures and fittings

15% reducing balance

Motor Vehicles

25% on cost

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

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

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Pension costs and other post-retirement benefits

The company operates a money purchase pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.

Revaluation of tangible fixed assets

Fixed Assets are recognised initially at cost and subsequently at market value based on the amount at which the asset could be exchanged between knowledgeable parties at arm's-length. Land is not depreciated. Properties are revalued according to market conditions at the year-end. Unrealised gains and losses on revaluation is only realised on disposal of the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 September 2023

102,816

-

102,816

Additions

-

8,473

8,473

At 31 August 2024

102,816

8,473

111,289

AMORTISATION

At 1 September 2023

102,816

-

102,816

Charge for year

-

340

340

At 31 August 2024

102,816

340

103,156

NET BOOK VALUE

At 31 August 2024

-

8,133

8,133

At 31 August 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 September 2023

1,137,498

786,167

1,923,665

Additions

23,727

12,369

36,096

At 31 August 2024

1,161,225

798,536

1,959,761

DEPRECIATION

At 1 September 2023

43,330

454,384

497,714

Charge for year

7,609

37,835

45,444

At 31 August 2024

50,939

492,219

543,158

NET BOOK VALUE

At 31 August 2024

1,110,286

306,317

1,416,603

At 31 August 2023

1,094,168

331,783

1,425,951

The freehold properties were valued on an open market basis on 31st August 2023 by the director.

Revaluations are shown through the Income Statement and deferred tax is calculated on these as appropriate.

Any unrealised gains/losses on the revaluation of properties are shown in a non-distributable reserve on the Statement of Financial Position.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

107,628

94,785

Other debtors

745,799

608,931

853,427

703,716

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Finance leases

11,365

15,893

Trade creditors

88,284

81,605

Amounts owed to group undertakings

336,177

75,905

Amounts owed to associates

879,510

899,147

Taxation and social security

134,347

190,750

Other creditors

277,629

446,514

1,727,312

1,709,814

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Finance leases

35,690

41,369

Other creditors

25,809

30,704

61,499

72,073

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

4,694

9.

RESERVES

Non-distributable

reserve

£

At 1 September 2023

and 31 August 2024

57,043

10.	RELATED PARTY DISCLOSURES

Oakseal Ltd., Inspired Learning Group (UK) Limited, St Christopher's School (Private) Limited, Buxlow Preparatory School Limited, The Study School Limited, Westbury House School Limited, Grange Park Preparatory School Limited, Essendene Lodge School Limited, Warlingham Park School Limited, The Orchard Kew Day Nursery Limited, Walton Montessori Limited, Collingwood School Limited, Inspired Learning Group (London) Limited, Gidea Park College Limited, Saint Felix School Limited, Danesfield Manor School Limited, St Francis College Limited, Wood Wharf Kindergarten Limited, Inspired Learning Group (London) (1) Limited, Inspired Learning Group (London) (2) Limited, Rookwood School Limited and Yateley Manor School London Limited are considered related parties by virtue of Mr A Mehta's interest in these entities. The amounts owed by the company to these related parties amount to £879,510 (2023: £899,147). No interest is charged on the balances.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Mehta, who controls the ultimate parent company, Tradetower Ltd. Tradetower Ltd owns 100% shareholding of Park Hill School Limited. Both Tradetower Ltd and Park Hill School Limited are incorporated in England.