ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

Registered number: 04885051

SHERFIELD SCHOOL LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

SHERFIELD SCHOOL LIMITED

COMPANY INFORMATION

Directors	Lesley Meyer
	Matthew Simmons
	Fraser White


Company secretary	Hawksford UK Secretaries Limited (appointed 01/05/2025)
	Velocity Company Secretarial Services Limited (resigned 30/04/2025)

Registered number	04885051


Registered office	Sherfield School
	Sherfield on Loddon
	Hook
	Hampshire
	RG27 0HU


Independent auditors	James Cowper Kreston Audit
	Apex
	Forbury Road
	Reading
	Berkshire
	RG1 1AX

SHERFIELD SCHOOL LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 6
Statement of comprehensive income	7
Balance sheet	8
Statement of changes in equity	9
Notes to the financial statements	10 - 19

SHERFIELD SCHOOL LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Introduction

The directors present the strategic report for the year ended 31 August 2025.

Fair review of the business

During the financial year ended 31 August 2025, the Government introduced legislation removing the VAT exemption previously applicable to independent school tuition fees, resulting in the application of VAT at the standard rate to school fees with effect from the implementation date.

The introduction of VAT on school fees has had a material impact on the school’s operating environment and with support from the Group, the School did not pass the VAT charge on to parents during the first two terms following implementation. Instead, the VAT cost was absorbed within the school’s fee structure for that period. As a result, net turnover for the year reflects the accounting impact of VAT and is not directly comparable to the prior year.

This change has also had a negative impact on enrolment, with the school not being able to improve enrolment levels from the year before, while inflation has continued to increase expenses on utilities and maintenance. As a result of these factors, the School has generated a loss for the current financial year.

Principal risks and uncertainties

A review of the principal risks and uncertainties facing the school as it enters the 2025/26 academic year has been undertaken, and the key risks identified are as follows:

Pupil recruitment and retention: Financial performance is dependent on maintaining appropriate pupil numbers. The school mitigates this risk through active marketing, maintaining educational standards, and monitoring admissions data and market conditions.

Economic conditions: Inflationary pressures and wider economic uncertainty have affected affordability and choosing a school, with fewer families entering the independent school sector.

Liquidity: Ensuring healthy operating cash flows are a key focus primarily due to the VAT payment cycles. Senior leadership reviews cash flow requirements regularly, with support provided by the Group when required.

Financial key performance indicators

The financial results for the year are shown in the profit and loss account on page 7 of these financial statements.

The company's turnover for the year amounted to £9,370,788. The 11% decrease in turnover is due to the implementation of VAT from the 1st of January 2025, wherein VAT was absorbed by the school in the first two terms.

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

F G White

Director

Date: 12 May 2026

Page 1

SHERFIELD SCHOOL LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

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

Directors

The directors who served during the year were:

Lesley Meyer

Matthew Simmons

Fraser White

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements and then apply them consistently;

∙make judgements 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 are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.

Principal activities

The principal activity of the company continues to be that of the provision of education services for children up to the age of 18.

Results and dividends

The loss for the year, after taxation, amounted to £2,176,771 (2024 - loss £361,379).

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 2

SHERFIELD SCHOOL LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Auditors

The auditors, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

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

Fraser White

Director

Date: 12 May 2026

Page 3

SHERFIELD SCHOOL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SHERFIELD SCHOOL LIMITED

Opinion

We have audited the financial statements of Sherfield School Limited (the 'Company') for the year ended 31 August 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 August 2025 and of its loss for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 4

SHERFIELD SCHOOL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SHERFIELD SCHOOL LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 5

SHERFIELD SCHOOL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SHERFIELD SCHOOL LIMITED (CONTINUED)

The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:

°Enquiry of management and those charged with governance around actual and potential litigation and claims;

°Enquiry of management and those charged with governance to identify any material instances of noncompliance with laws and regulations;

°Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations;

°Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Darren O'Connor BSc (Hons) ACA FCCA (Senior statutory auditor)

for and on behalf of

James Cowper Kreston Audit

Apex

Forbury Road

Reading

Berkshire

RG1 1AX

14 May 2026

Page 6

SHERFIELD SCHOOL LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 AUGUST 2025

	2025	2024
Note	£	£


Turnover	4	9,370,788	10,511,274
Cost of sales		(5,917,922)	(5,273,115)
Gross profit		3,452,866	5,238,159
Administrative expenses		(5,521,211)	(5,560,719)
Operating loss	5	(2,068,345)	(322,560)
Interest payable and similar expenses	8	(108,426)	(38,819)
Loss before tax		(2,176,771)	(361,379)
Tax on loss		-	-
Loss for the financial year		(2,176,771)	(361,379)

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 10 to 19 form part of these financial statements.

Page 7

SHERFIELD SCHOOL LIMITED

REGISTERED NUMBER: 04885051

BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	10		12,090,682		11,782,097
			12,090,682		11,782,097
Current assets
Debtors: amounts falling due within one year	11	494,624		526,349
Cash at bank and in hand	12	747,450		1,128,661
		1,242,074		1,655,010
Creditors: amounts falling due within one year	13	(9,810,535)		(7,738,115)
Net current liabilities			(8,568,461)		(6,083,105)
Total assets less current liabilities			3,522,221		5,698,992

Net assets			3,522,221		5,698,992

Capital and reserves
Called up share capital	14	2	2
Profit and loss account	15	3,522,219	5,698,990
		3,522,221	5,698,992

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Fraser White

Director

Date: 12 May 2026

The notes on pages 10 to 19 form part of these financial statements.

Page 8

SHERFIELD SCHOOL LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 September 2023	2	6,060,369	6,060,371

Loss for the year	-	(361,379)	(361,379)

At 1 September 2024	2	5,698,990	5,698,992

Loss for the year	-	(2,176,771)	(2,176,771)
At 31 August 2025	2	3,522,219	3,522,221

The notes on pages 10 to 19 form part of these financial statements.

Page 9

SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

Sherfield School Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sherfield-on-Loddon, Hook, Hampshire, United Kingdom, RG27 0HU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Education in Motion UK Limited as at 31 July 2025 and these financial statements may be obtained from Companies House.

Page 10

SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.3

Going concern

The financial statements are prepared on a going concern basis. In forming this judgement, the Directors have considered the School’s current financial position, its cash flow forecasts, and its ability to continue to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.

The School has experienced operating losses in recent years and continues to be dependent on the timely receipt of fee income and other parental group support to fund its activities. The Directors have reviewed detailed budgets and forecasts, together with sensitivity analysis that reflect the potential impact of variations in pupil numbers, fee levels, and cost pressures. The forecasts demonstrate that, with the support of parents and the continuation of current fee-collection patterns, the School is expected to have sufficient resources to meet its obligations as they fall due.

The Directors have also considered the availability of mitigating actions within the School’s control, including cost management measures, adjustments to capital expenditure, and the ability to defer non-essential spending. Based on these assessments, and after reviewing the School’s cash reserves and banking facilities, the Directors have concluded that the School has adequate financial resources and that there are no material uncertainties that cast significant doubt on the School’s ability to continue as a going concern.

Accordingly, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 11

SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

2.7

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.

2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Software

years

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	50 years
Plant and machinery	-	3 years
Motor vehicles	-	5 years
Fixtures and fittings	-	5 years
Computer equipment	-	3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 12

SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13

Financial instruments

The Company only has financial assets and financial 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Significant estimates included within the financial statements include provision for fee debtors, which require a judgement by management regarding the likelihood of recovery. Management review and assess fee debtors on an individual basis and provide for fee debtors as appropriate.

Depreciation is another key estimate in the accounts which requires management judgement over the useful life of the assets. The policy has been set out in the notes above.

Page 13

SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

	School fees	9,370,788	10,511,274

					2025	2024
					£	£

	United Kingdom	9,370,788	10,511,274

All turnover arose within the United Kingdom.

Depreciation of owned tangible fixed assets	567,315	487,653
Operating other lease charges	26,250	10,959
Operating property lease charges	660,000	605,000

Fees payable to the Company's auditors for the audit of the Company's financial statements	13,500	34,905
Fees payable to the Company's auditors in respect of:
All other non-audit services	-	7,126

Page 14

SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Wages and salaries	5,200,953	4,902,889
Social security costs	577,537	465,878
Cost of defined contribution scheme	541,239	495,922
	6,319,729	5,864,689

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Employees	151	152

8.	Interest payable and similar expenses
		2025	2024
		£	£

Loans from group undertakings - interest payable

108,426

38,819

Page 15

SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

9.	Intangible assets

		Goodwill
		£
	Cost
	At 1 September 2024	50,036
	At 31 August 2025	50,036
	Amortisation
	At 1 September 2024	50,036
	At 31 August 2025	50,036
	Net book value
	At 31 August 2025	-
	At 31 August 2024	-

Page 16


		SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

10.

Tangible fixed assets

	Long-term leasehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Computer equipment	Assets under construction	Total
	£	£	£	£	£	£	£
Cost or valuation
At 1 September 2024	13,962,046	124,473	137,142	4,155,272	261,204	552,926	19,193,063
Additions	65,888	4,145	-	69,796	92,712	647,696	880,237
Disposals	-	-	(14,650)	-	-	-	(14,650)
Transfers between classes	994,661	-	-	205,961	-	(1,200,622)	-
At 31 August 2025	15,022,595	128,618	122,492	4,431,029	353,916	-	20,058,650
Depreciation
At 1 September 2024	3,255,620	47,304	47,846	3,931,595	128,601	-	7,410,966
Charge for the year	309,139	35,822	28,092	106,529	87,733	-	567,315
Disposals	-	-	(10,313)	-	-	-	(10,313)
At 31 August 2025	3,564,759	83,126	65,625	4,038,124	216,334	-	7,967,968
Net book value
At 31 August 2025	11,457,836	45,492	56,867	392,905	137,582	-	12,090,682
At 31 August 2024	10,706,426	77,169	89,296	223,677	132,603	552,926	11,782,097

Page 17

SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

11.

Debtors

					2025	2024
					£	£


Trade debtors	91,247	92,291
Other debtors	616	360
Prepayments and accrued income	402,761	433,698
	494,624	526,349

12.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	747,450	1,128,661

13.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Deferred income	1,230,484	1,490,818
Trade creditors	322,646	477,942
Deposits held	311,495	394,809
Amounts owed to group undertakings	7,132,235	4,943,809
Other taxation and social security	288,382	107,445
Other creditors	258,051	238,418
Accruals	267,242	84,874
	9,810,535	7,738,115

14.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

2 (2024 - 2) Ordinary shares of £1.00 each	2	2

15.

Reserves

Profit and loss account

This represents accumulated profits and losses available for distribution.

Page 18

SHERFIELD SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

16.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £541,239 (2024: £495,922). Contributions totalling £63,696 (2024 - £62,200) were payable to the fund at the balance sheet date and are included in creditors.

Not later than 1 year	684,218	687,113
Later than 1 year and not later than 5 years	2,678,388	2,722,260
Later than 5 years	5,472,123	6,132,123
	8,834,729	9,541,496

18.	Related party transactions
	The Company is a wholly owned subsidiary of Education in Motion UK Limited and has taken exemption of the available exemption conferred by section 1AC.35 of FRS 102 Section 1A not to disclose transactions with its parent and fellow subsidiaries. There were no other related party transactions during the year.

19.	Controlling party

The immediate parent undertaking is Education in Motion UK Limited (registered office, Sherfield-On-Loddon, Hook, Hampshire, England, RG27 0HU), a company incorporated in England and Wales.

The ultimate parent undertaking is Odin Topco Holdings Limited, a company registered in the Cayman Islands.

Page 19