REGISTERED NUMBER: 04892739 (England and Wales)

THE NEW MODEL SCHOOL COMPANY LTD.

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

Directors:

A L Cornforth

R Funnell

D J Livsey

X N C Villers

J P Ashmore

Registered office:

Maple Walk School

62a Crownhill Road

London

NW10 4EB

Registered number:

04892739 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

Fixed assets

Tangible assets

4

333,317

295,689

Current assets

Debtors

5

368,385

365,629

Investments

6

1,556,330

-

Cash at bank

1,368,141

3,276,552

3,292,856

3,642,181

Creditors

Amounts falling due within one year

7

2,783,654

3,155,945

Net current assets

509,202

486,236

Total assets less current liabilities

842,519

781,925

Provisions for liabilities

9

50,353

24,013

Net assets

792,166

757,912

Capital and reserves

Called up share capital

501,057

501,057

Capital redemption reserve

5,000

5,000

Retained earnings

286,109

251,855

Shareholders' funds

792,166

757,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 14 January 2026 and were signed on its behalf by:

D J Livsey - Director

1.	Statutory information

The New Model School Company Ltd. 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.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable.

The majority of the Company's revenue is derived from tuition fees, together with fees for ancillary education-related services. The Company's performance obligations in respect of these revenue streams are delivered evenly over time, typically a school term or an academic year, and so revenue is recognised on this basis with fees initially recognised as deferred income and then transferred to the statement of comprehensive income over the period of time to which the fees relate.

Certain revenue streams, including registration fees, transportation fees and the retention of non-refundable deposits, are recognised at the point in time at which the Company has no further performance obligations.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

Straight line over the life of the lease

Fixtures and fittings

-

15% on cost

Computer equipment

-

20% on cost

All fixed assets are recorded at cost or valuation.

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 statement of financial position date.

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 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.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

Pensions

Defined contribution pension plan

The Company operates two defined contribution plans 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 the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Defined benefit pension plan

The Company also participates in another, separate, pension plan for certain of its employees. Qualifying teachers are enrolled into the Teachers' Pension Scheme (TPS) administered by the Teachers' Pension Agency. Contributions to the scheme are charged to the Statement of Financial Position as they fall due. The TPS is an unfunded scheme and although it has some of the characteristics of a defined benefit scheme, as it is a multi-employer scheme the Company accounts for the plan as if it were a defined contribution scheme. Contributions on a 'pay as you go' basis are credited to the Exchequer under arrangements governed by the Superannuation Act 1972. Actuarial valuations are carried out by Government's Actuary Department. Under the definitions set out in FRS 102 the TPS is a multi-employer plan.

3.	Employees and directors

The average number of employees during the year was 61 (2024 - 67 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

Cost

At 1 September 2024

318,830

132,815

218,878

670,523

Additions

89,375

679

3,053

93,107

Disposals

(167

)

(1,441

)

(11,221

)

(12,829

)

At 31 August 2025

408,038

132,053

210,710

750,801

Depreciation

At 1 September 2024

213,880

39,184

121,770

374,834

Charge for year

15,479

13,161

25,040

53,680

Eliminated on disposal

(90

)

(978

)

(9,962

)

(11,030

)

At 31 August 2025

229,269

51,367

136,848

417,484

Net book value

At 31 August 2025

178,769

80,686

73,862

333,317

At 31 August 2024

104,950

93,631

97,108

295,689

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

245,082

169,745

Other debtors

12,010

25,032

Prepayments

111,293

170,852

368,385

365,629

6.	Current asset investments

2025

2024

£

£

Other

1,556,330

-

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

104,987

129,883

Corporation tax

3,048

-

Social security and other taxes

63,747

55,031

VAT

168,141

-

Other creditors

864,954

756,342

Accruals and deferred income

1,578,777

2,214,689

2,783,654

3,155,945

Included within other creditors are deposits of £695,034 (2024 - £644,242) which relate to interest free deposits received from parents for their child to attend the school. They are repayable on the child leaving, which from experience the Company has found could be at any time during their schooling, therefore parent deposits are classified as falling due within one year.

Included within accruals and deferred income are fees in advance of £1,429,990 (2024 - £2,180,729) received for the Autumn, Spring and Summer terms (£1,409,405, £10,292 and £10,293 respectively) following the year end.

8.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

335,946

303,521

Between one and five years

1,138,178

917,623

1,474,124

1,221,144

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

50,353

24,013

Deferred

tax

£

Balance at 1 September 2024

24,013

Provided during year

26,340

Balance at 31 August 2025

50,353

10.	Contingent liabilities

The Company set aside funds to cover a bank guarantee required by the Teachers' Pension Scheme. As at 31 August 2025 the amount of the potential liability associated with this guarantee was £72,000 (2024 - £72,000).

11.	Pension commitments

The Company operates two defined contribution pension schemes. The assets of the scheme are held separately from those of the Company in independently administered funds. The Company participates in the Teachers' Pension Scheme (The TPS) for certain qualifying employees.

The pension cost charge represents contributions payable by the Company to the funds and amounted to £379,875 (2024 - £321,580). Contributions totalling £42,393 (2024 - £45,733) were payable to the funds at the reporting date and are included in creditors.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers' Pensions Regulations 2010 (as amended) and The Teachers' Pension Scheme Regulations 2014 (as amended). Members contribute on a "pay as you go" basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2020 and the Valuation Report, which was published in October 2023. The valuation report shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.

The employer contribution rate for the TPS is 28.6% and employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%.