Registration number: 08994838

The Business School (UK) Ltd.

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

The Business School (UK) Ltd.

Company Information

Directors

Mr D R Ockleton Mr G J Tucker

Registered office

77a Cheap Street Sherborne Dorset DT9 3BA

Accountants

Lanham & Francis Chartered Accountants77a Cheap Street Sherborne Dorset DT9 3BA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Business School (UK) Ltd.
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Business School (UK) Ltd. for the year ended 31 May 2025 as set out on pages 3 to 9 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that The Business School (UK) Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Business School (UK) Ltd.. You consider that The Business School (UK) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Business School (UK) Ltd.. 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 accounts.

Lanham & Francis
Chartered Accountants
77a Cheap Street
Sherborne
Dorset
DT9 3BA

21 April 2026

The Business School (UK) Ltd.

(Registration number: 08994838)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	385	-
Current assets
Debtors	5	7,129	3,018
Cash at bank and in hand		350	19,821
		7,479	22,839
Creditors: Amounts falling due within one year	6	(24,671)	(25,771)
Net current liabilities		(17,192)	(2,932)
Total assets less current liabilities		(16,807)	(2,932)
Creditors: Amounts falling due after more than one year	6	(19,686)	(32,568)
Net liabilities		(36,493)	(35,500)
Capital and reserves
Called up share capital	7	4	2
Retained earnings		(36,497)	(35,502)
Shareholders' deficit		(36,493)	(35,500)

For the financial year ending 31 May 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 April 2026 and signed on its behalf by:
 

Mr G J Tucker Director

The Business School (UK) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
77a Cheap Street
Sherborne
Dorset
DT9 3BA

The principal place of business is:
22 King Square
Bridgwater
Somerset
TA6 3DJ
United Kingdom

These financial statements were authorised for issue by the Board on 16 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Going concern

At the balance sheet date the company is insolvent; this is as a result of the writing off of a loan to an associated company in the year to 31 May 2023. The future of the company is dependent upon its future trading performance which is currently improving. At present it is able to meet its day to day liabilities as they arise but if it were unable to do so in the future, fixed assets and long term liabilities would have to be reclassified as current assets and liabilities.

The Business School (UK) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	3 years on cost

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

The Business School (UK) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Classification
FRS 102 classifies financial instruments as either basic financial instruments or other financial instruments. The accounting treatment varies according to the classification.
Basic financial instruments are defined as one of the following:
- cash
- a debt instrument (such as accounts receivable and payable)
- commitment to receive a loan that satisfy certain criteria
- investments in non-convertible preference shares, and non puttable ordinary shares.

All other financial instruments are classed as other financial instruments and treated accordingly.

 Recognition and measurement
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

The Business School (UK) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 June 2024	13,803	13,803
Additions	577	577
Disposals	(957)	(957)
At 31 May 2025	13,423	13,423
Depreciation
At 1 June 2024	13,803	13,803
Charge for the year	192	192
Eliminated on disposal	(957)	(957)
At 31 May 2025	13,038	13,038
Carrying amount
At 31 May 2025	385	385
At 31 May 2024	-	-

5

Debtors

Current	2025 £	2024 £
Trade debtors	4,746	712
Prepayments	1,491	922
Other debtors	892	1,384
	7,129	3,018

The Business School (UK) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	14,448	12,037
Trade creditors		3,405	7,994
Taxation and social security		1,282	3,554
Accruals and deferred income		5,533	2,183
Other creditors		3	3
		24,671	25,771