For the financial 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.

The members have not required the company to obtain an audit of its financial statements 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 financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Oakhill College (Whalley) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Oakhill College, Wiswell Lane, Whalley, Lancashire, United Kingdom, BB7 9AF.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The 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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Atruet 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 comprises fees receivable and charges for services and use of the school premises.

Other income such as grants and donations are accounted for when entitlement arises and the amount can be reliably quantified.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

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.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The company participates in a defined benefit pension scheme for teaching staff. The scheme is operated by the Teachers' Pension Agency, an Executive Agency of the Department for Education and Employment. The scheme is a multi-employer scheme. It is not possible to identify the School's share of the underlying assets and liabilities on a consistent and reasonable basis and therefore, as required by FRS102, the scheme has been accounted for as a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account

The average monthly number of persons (including directors) employed by the company during the year was:

The following secured debts are included within creditors:

Bank loans of £17,618 (2024: £38,359).

The bank holds a limited guarantee from Mr A J Baron for £100,000 dated 29 September 1998 and a limited guarantee from Oakhill Investments (UK) Ltd for £150,000 dated 03 February 2009.

There is a Cross Guarantee and Debenture between Oakhill College (Whalley) Ltd, Oakhill Investments (UK) Limited, Withy Trees Ltd dated 05 July 2012.

At 31 August 2025 Oakhill College (Whalley) Limited owed Oakhill Investments (UK) Limited £45,522.50 ( 2024: £53,023).

At 31 August 2025 there were balances owing to Oakhill College (Whalley) Limited of £583,916.87 (2024: £491,045) from Oakhill Leisure (Withy Trees Limited) and £161,796 (2024: £85,297) from Precious Ideals Limited. Both companies are controlled by Mr A Baron.

At 31 August 2025 there was a balance owing to Oakhill College (Whalley) Limited of £1,320 (2024: £Nil) from Oakhill College Charitable Trust whose trustees are all directors of Oakhill College (Whalley) Limited.

Operating lease payments of £53,649 (2024: £25,996) were paid to Oakhill Leisure (Withy Trees Limited) in the year and have been recognised as an expense.

There were expenses recharged from Oakhill Leisure (Withy Trees Limited) of £58,974.51 during the year (2024: £109,999). There were expense charges to Oakhill Leisure (Withy Trees Limited) of £40,631 during the year (2024: £41,973).

During the year Oakhill College Charitable Trust charged Oakhill College (Whalley) Limited £77,518 (2024: nil) for services provided. There were expense charges to Oakhill College Charitable Trust of £4,962 during the year (2024: Nil)

Director L Baron's children attend the school at reduced fees.