Leith's School of Food and Wine Limited

Leith's School of Food and Wine Limited
Contents Page
For the year ended 31 August 2025

Company information	1
Directors' report	2
Balance sheet	3
Notes to the financial statements	4

Leith's School of Food and Wine Limited
Company Information
For the year ended 31 August 2025

Directors	Mr James Franklin Archibald Bland Ms Kathleen Lorna Gibb Mr James Edmund Byng Ms Maria Ann Dunbar Mr Atul Kochhar Ms Melanie Williams Browne
Registered Number	02922474
Registered Office	16-20 Wendell Road London W12 9RT
Accountants	H M Williams Chartered Certified Accountants 5 Sandy Court Ashleigh Way Plymouth PL7 5JX

1

Leith's School of Food and Wine Limited
Directors' Report
For the year ended 31 August 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 August 2025.

Principal activities

The principal activity of the company in the year under review was that of a school of food and wine.

Directors

The directors who have held office during the year were as follows:
Mr James Franklin Archibald Bland
Mr James Edmund Byng
Ms Kathleen Gibb
Ms Maria Ann Dunbar
Mr Michael Calum Cropp (Resigned 11.09.2025)
Lady Caroline Linda Margaret Waldegrave (Resigned 02.09.2024)
Mr Rajesh Parmar (Resigned 20.12.2024)
Mr Atul Kochhar (Appointed 16.04.2025)
Ms Melanie Williams Browne (Appointed 16.04.2025)

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
Ms Kathleen Lorna Gibb
Director

Date approved: 14 January 2026

2

Leith's School of Food and Wine Limited
Balance Sheet
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	3,548,054	4,765,699
		3,548,054	4,765,699
Current assets
Stocks	4	7,181	29,868
Debtors	5	999,787	73,486
Cash at bank and in hand		347,717	593,314
		1,354,685	696,668
Creditors: amount falling due within one year	6	(1,646,682)	(1,669,229)
Net current assets		(291,997)	(972,561)

Total assets less current liabilities		3,256,057	3,793,138
Net assets		3,256,057	3,793,138

Capital and reserves
Called up share capital		1,250,000	1,250,000
Profit and loss account		2,006,057	2,543,138
Shareholders' funds		3,256,057	3,793,138

For the year ended 31 August 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 accounts for the year in question 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 accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 14 January 2026 and were signed on its behalf by:

-------------------------------
Ms Kathleen Lorna Gibb
Director

3

Leith's School of Food and Wine Limited
Notes to the Financial Statements
For the year ended 31 August 2025

General Information

Leith's School of Food and Wine Limited is a private company, limited by shares, registered in England and Wales, registration number 02922474, registration address 16-20 Wendell Road, London, W12 9RT.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company continues to offer courses for a growing and changing marketplace and that it is well placed to manage its business risks successfully. The Covid pandemic continued to have an effect on the school's business during this year, but the relaxation of measures and government support that has been available have enabled a return to classroom teaching, alongside the continued online delivery of training. Accordingly, there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation for the year 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 balance sheet date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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	12.5% SL
Plant and machinery etc	20% RB, 3 Year SL

Stocks

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

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.	Average number of employees Average number of employees during the year was 52 (2024 : 44).

3.

Tangible fixed assets

Cost or valuation	Land and buildings	Plant and machinery etc	Total
	£	£	£
At 01 September 2024	4,439,605	1,527,027	5,966,632
Additions	-	22,904	22,904
Disposals	(1,089,605)	(123,326)	(1,212,931)
At 31 August 2025	3,350,000	1,426,605	4,776,605
Depreciation
At 01 September 2024	-	1,200,931	1,200,931
Charge for year	-	124,227	124,227
On disposals	-	(96,607)	(96,607)
At 31 August 2025	-	1,228,551	1,228,551
Net book values
Closing balance as at 31 August 2025	3,350,000	198,054	3,548,054
Opening balance as at 01 September 2024	4,439,605	326,094	4,765,699

4.

Stocks

	2025 £		2024 £
Stocks	7,181		29,868
	7,181		29,868

5.

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	74,840	(27,055)
Other Debtors	924,947	100,541
	999,787	73,486

6.

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	113,648	153,744
Bank Loans & Overdrafts	397,300	197,300
Taxation and Social Security	278,048	231,823
Other Creditors	857,686	1,086,362
	1,646,682	1,669,229

4

Registered Number: 02922474
England and Wales
Unaudited Financial Statements

for the year ended 31 August 2025
for
LEITH'S SCHOOL OF FOOD AND WINE LIMITED