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REGISTERED NUMBER: 15484546 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 FEBRUARY 2024 TO 31 AUGUST 2024

FOR

DERBY GRAMMAR SCHOOL LIMITED

DERBY GRAMMAR SCHOOL LIMITED (REGISTERED NUMBER: 15484546)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 12 FEBRUARY 2024 TO 31 AUGUST 2024

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Statement of Financial Position | 3 |

Notes to the Financial Statements | 5 |

DERBY GRAMMAR SCHOOL LIMITED

COMPANY INFORMATION

FOR THE PERIOD 12 FEBRUARY 2024 TO 31 AUGUST 2024

| DIRECTORS: | A K Mehta

| Mrs H Lukha

| REGISTERED OFFICE: | Georgian House

| Park Lane

| Stanmore

| HA7 3HD

| REGISTERED NUMBER: | 15484546 (England and Wales)

| ACCOUNTANTS: | Innovi Advisors Ltd

| Chartered Certified Accountants

| 163 Herne Hill

| London

| SE24 9LR

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

DERBY GRAMMAR SCHOOL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Derby Grammar School Limited for the period ended 31 August 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Derby Grammar School Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Derby Grammar School Limited and state those matters that we have agreed to state to the Board of Directors of Derby Grammar School Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Derby Grammar School Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Derby Grammar School Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Derby Grammar School Limited. You consider that Derby Grammar School Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Derby Grammar School Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Innovi Advisors Ltd

Chartered Certified Accountants

163 Herne Hill

London

SE24 9LR

14 November 2025

DERBY GRAMMAR SCHOOL LIMITED (REGISTERED NUMBER: 15484546)

STATEMENT OF FINANCIAL POSITION

31 AUGUST 2024

| Notes | £ | £ |

| FIXED ASSETS

| Intangible assets | 4 | 951,899 |  |

| Tangible assets | 5 | 4,026,682 |  |

4,978,581 |  |

| CURRENT ASSETS

| Stocks | 1 |  |  |

| Debtors | 6 | 219,227 |  |  |

| Cash in hand | 154,116 |  |  |

373,344 |  |

| CREDITORS

| Amounts falling due within one year | 7 | 3,995,419 |  |

| NET CURRENT LIABILITIES | (3,622,075 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,356,506 |  |

| PROVISIONS FOR LIABILITIES | 666,532 |  |

| NET ASSETS | 689,974 |  |

| CAPITAL AND RESERVES

| Called up share capital | 8 | 100 |  |

| Revaluation reserve | 9 | 1,999,596 |  |

| Retained earnings | (1,309,722 | ) |

| SHAREHOLDERS' FUNDS | 689,974 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period 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.

DERBY GRAMMAR SCHOOL LIMITED (REGISTERED NUMBER: 15484546)

STATEMENT OF FINANCIAL POSITION - 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 14 November 2025 and were signed on its behalf by:

A K Mehta - Director

DERBY GRAMMAR SCHOOL LIMITED (REGISTERED NUMBER: 15484546)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 12 FEBRUARY 2024 TO 31 AUGUST 2024

1. | STATUTORY INFORMATION

| Derby Grammar 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 the Pound Sterling (£).

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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

| 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.

| Website and other software costs is being amortised evenly over its estimated useful like of 10 years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings - 1% on cost

| Office Equipment & Furniture - 10% Reducing Balance

| Plant and machinery etc - 10% on reducing balance

| 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 for the period 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 statement of financial position date.

DERBY GRAMMAR SCHOOL LIMITED (REGISTERED NUMBER: 15484546)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 12 FEBRUARY 2024 TO 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 statement of financial position 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 period 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 63 .

4. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| Additions | 986,856 |  | 6,248 |  | 993,104 |  |

| At 31 August 2024 | 986,856 |  | 6,248 |  | 993,104 |  |

| AMORTISATION

| Charge for period | 41,119 |  | 86 |  | 41,205 |  |

| At 31 August 2024 | 41,119 |  | 86 |  | 41,205 |  |

| NET BOOK VALUE

| At 31 August 2024 | 945,737 |  | 6,162 |  | 951,899 |  |

DERBY GRAMMAR SCHOOL LIMITED (REGISTERED NUMBER: 15484546)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 12 FEBRUARY 2024 TO 31 AUGUST 2024

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| Additions | 1,335,456 |  | 34,230 |  | 1,369,686 |  |

| Revaluations | 2,666,128 |  | - |  | 2,666,128 |  |

| At 31 August 2024 | 4,001,584 |  | 34,230 |  | 4,035,814 |  |

| DEPRECIATION

| Charge for period | 8,787 |  | 345 |  | 9,132 |  |

| At 31 August 2024 | 8,787 |  | 345 |  | 9,132 |  |

| NET BOOK VALUE

| At 31 August 2024 | 3,992,797 |  | 33,885 |  | 4,026,682 |  |

| Cost or valuation at 31 August 2024 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2024 | 2,666,128 |  | - |  | 2,666,128 |  |

| Cost | 1,335,456 |  | 34,230 |  | 1,369,686 |  |

4,001,584 |  | 34,230 |  | 4,035,814 |  |

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

£ |

| Trade debtors | 165,050 |  |

| Other debtors | 54,177 |  |

219,227 |  |

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

£ |

| Trade creditors | 280,320 |  |

| Taxation and social security | 237,195 |  |

| Other creditors | 3,477,904 |  |

3,995,419 |  |

DERBY GRAMMAR SCHOOL LIMITED (REGISTERED NUMBER: 15484546)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 12 FEBRUARY 2024 TO 31 AUGUST 2024

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 100 | Ordinary shares | 1 | 100 |  |

| 100 Ordinary shares shares of 1 each were allotted and fully paid for cash at par during the period.

9. | RESERVES

| Revaluation

| reserve

£ |

| Transfer of revaluation | 2,666,128 |  |

| Transfer of deferred tax | (666,532 | ) |

| At 31 August 2024 | 1,999,596 |  |

10. | RELATED PARTY DISCLOSURES

| First Steps (London) Limited, Warlingham Park School Limited, The Orchard Kew Day Nursery Limited, Walton Montessori Limited, Inspired Learning Group London Limited, Gidea Park College Limited, The Study School Limited, Inspired Learning Group (UK) Limited, Essendene Lodge School Limited, Danesfield Manor School Limited, Inspired Learning Group (London)(1) Limited, Yately Manor School Limited, Saint Felix School Limited, Inspired Learning Group (London) (2) Limited, Westbury House School Limited and St Francis College Limited are considered related parties by virtue of Mr A Mehta's interest in these entities. The amounts owed to the company to these related parties amount to £2,766,781. No interest was charged on the balances.

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is A K Mehta.

| Mr A Mehta controls 100% of the share capital of Inspired Learning Group (London)(3) Limited. which is the parent company of the group.

| The registered office of Inspired Learning Group (London)(3) Limited is Georgian House, Park Lane, Stanmore, England, HA7 3HD.