Company No: 05446414 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	C Lorne
	M A Lorne

Secretary

C Lorne

Registered office	37 St. Margarets Street
	Canterbury
	CT1 2TU
	United Kingdom

Company number

05446414 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,612,477		1,633,734
		1,612,477		1,633,734
Current assets
Debtors	4	268,256		87,501
Cash at bank and in hand		404,962		298,981
		673,218		386,482
Creditors: amounts falling due within one year	5	( 376,497)		( 238,695)
Net current assets		296,721		147,787
Total assets less current liabilities		1,909,198		1,781,521
Creditors: amounts falling due after more than one year	6	( 671,729)		( 699,410)
Net assets		1,237,469		1,082,111
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		1,237,369		1,082,011
Total shareholders' funds		1,237,469		1,082,111

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Carmichael Education Limited (registered number: 05446414) were approved and authorised for issue by the Board of Directors on 18 November 2025. They were signed on its behalf by:

C Lorne Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Carmichael Education Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 37 St. Margarets Street, Canterbury, CT1 2TU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 % reducing balance
Leasehold improvements	10 % reducing balance
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Pensions - Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the
contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	55		54

3. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 August 2024	1,068,167		516,555		244,663		150,474		137,853		144,732		2,262,444
Additions	24,282		3,773		0		0		40,768		4,182		73,005
At 31 July 2025	1,092,449		520,328		244,663		150,474		178,621		148,914		2,335,449
Accumulated depreciation
At 01 August 2024	0		191,242		176,212		71,100		96,691		93,465		628,710
Charge for the financial year	0		32,910		17,112		19,843		16,399		7,998		94,262
At 31 July 2025	0		224,152		193,324		90,943		113,090		101,463		722,972
Net book value
At 31 July 2025	1,092,449		296,176		51,339		59,531		65,531		47,451		1,612,477
At 31 July 2024	1,068,167		325,313		68,451		79,374		41,162		51,267		1,633,734

4. Debtors

	2025		2024
	£		£
Trade debtors	34,494		0
Other debtors	233,762		87,501
	268,256		87,501

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	70,238		74,300
Trade creditors	42,629		22,951
Taxation and social security	235,809		119,609
Obligations under finance leases and hire purchase contracts	6,343		5,936
Other creditors	21,478		15,899
	376,497		238,695

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	647,185		668,524
Obligations under finance leases and hire purchase contracts	24,544		30,886
	671,729		699,410

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

During the year all director's remuneration paid by the company was done so under normal market
conditions.

9. Hire purchase and finance leases

Minimum lease payments under hire purchase fall due as follows

	2025		2024
	£		£
Within one year	(6,343)		(5,936)
Between 1-5 years	(24,544)		(30,886)
	(30,887)		(36,822)

10. Loans

Analysis of the maturity of loans is given below:

	2025		2024
	£		£
Bank loans due within one year	(67,294)		(74,294)
Bank loans due 1-2 years	(74,294)		(74,294)
Bank loans due 2-5 years	(572,891)		(594,230)
	(714,479)		(742,818)

11. Commitments under operating leases

At 31 July 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

	2025		2024
	£		£
Later than 5 years	350,063		444,250

12. Ultimate controlling party

Mr and Mrs Lorne control the company by virtue of their combined 100% shareholding.