REGISTERED NUMBER: 03647172 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE STUDY SCHOOL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A Mehta

Mrs H Lukha

REGISTERED OFFICE:

Georgian House

Park Lane

Stanmore

HA7 3HD

REGISTERED NUMBER:

03647172 (England and Wales)

AUDITORS:

Innovi Advisors Ltd

Chartered Certified Accountant& Statutory Auditors

163 Herne Hill

London

SE24 9LR

FIXED ASSETS

Tangible assets

4

2,062,579

2,069,141

CURRENT ASSETS

Stocks

14,554

-

Debtors

5

311,211

150,701

Cash at bank

27,502

108,494

353,267

259,195

CREDITORS

Amounts falling due within one year

6

1,362,355

1,274,295

NET CURRENT LIABILITIES

(1,009,088

)

(1,015,100

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,053,491

1,054,041

CREDITORS

Amounts falling due after more than one year

7

(25,440

)

(31,594

)

PROVISIONS FOR LIABILITIES

(104,846

)

(79,819

)

NET ASSETS

923,205

942,628

CAPITAL AND RESERVES

Called up share capital

200

200

Non-distributable reserve

606,617

606,617

Retained earnings

316,388

335,811

SHAREHOLDERS' FUNDS

923,205

942,628

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 20 May 2026 and were signed on its behalf by:

A Mehta - Director

1.	STATUTORY INFORMATION

The Study School Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest Pound.

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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Going concern

As part of the directors' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquires, the directors have a reasonable expectation that the company has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Buildings

- 1% per annum

Plant & machinery

- 10% reducing balance

Fixtures and fittings

- 10% reducing balance

Computer equipment

- 20% reducing balance

Motor Vehicles

- 20% reducing balance

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

It is the company's policy to keep the freehold buildings in a good state of repair. The condition of buildings are constantly monitored and repairs are undertaken to ensure that the properties do not fall into a state of disrepair.The estimated depreciation charge on buildings is 1% per annum. As such, this charge is only accounted for, if and when the amount becomes material to the financial statements. The directors are satisfied that this treatment is appropriate for the financial statements.

REVALUATION OF TANGIBLE FIXED ASSETS

Tangible fixed assets are recognised initially at cost and subsequently at market value based on the amount at which the asset could be exchanged between knowledgeable parties at arm's-length. Land is not depreciated. Properties are revalued according to market conditions at the year-end. Unrealised gains and losses on revaluation is only realised on disposal of the asset.

Stocks

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

TRADE AND OTHER CREDITORS

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 September 2023

2,126,525

237,161

2,363,686

Additions

16,874

3,830

20,704

Disposals

-

(14,470

)

(14,470

)

At 31 August 2024

2,143,399

226,521

2,369,920

DEPRECIATION

At 1 September 2023

126,525

168,020

294,545

Charge for year

16,817

10,449

27,266

Eliminated on disposal

-

(14,470

)

(14,470

)

At 31 August 2024

143,342

163,999

307,341

NET BOOK VALUE

At 31 August 2024

2,000,057

62,522

2,062,579

At 31 August 2023

2,000,000

69,141

2,069,141

The freehold property was valued by Davis Coffer Lyons on 04 September 2023 on an open market basis.

Cost or valuation at 31 August 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2018

275,125

-

275,125

Valuation in 2023

383,766

-

383,766

Cost

1,484,508

226,521

1,711,029

2,143,399

226,521

2,369,920

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,752

214

Other debtors

307,459

150,487

311,211

150,701

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

68,379

49,842

Taxation and social security

95,454

103,582

Other creditors

1,198,522

1,120,871

1,362,355

1,274,295

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

25,440

31,594

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sheetal Shah FCCA (Senior Statutory Auditor)

for and on behalf of Innovi Advisors Ltd

9.	RELATED PARTY TRANSACTIONS

Park Hill School Limited, First Steps (London) Limited, Trade Tower Limited, Warlingham Park School Limited, Walton Montessori Limited, Collingwood School Limited, Inspired Learning Group (London) Limited, Yateley Manor School London Limited, Rookwood School Limited, Saint Felix School Limited, Westbury House School Limited, Grange Park Preparatory School Limited, St Francis College Limited and Derby Grammar School Limited are considered related parties by virtue of Mr A Mehta's interest in these entities. The amounts owed to the company by these related parties amount to £224,077 (2023: £121,722). No interest is charged on the balances.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party for the period was Mr A Mehta.

Mr A Mehta controls 100% of the share capital of Oakseal Ltd. which is the ultimate parent company of the group.

The registered office of Oakseal Ltd. is Georgian House, Park Lane, Stanmore, England, HA7 3HD.

The consolidated financial statements of the group are available to the public and may be obtained from Companies House.

11.

CHARGES

There exists charges over the company's assets as follows:

- Fixed charge over property located at 57 Thetford Road, New Malden, Surrey as per debenture dated 7th September 2017

- Fixed and floating charge over all property or undertaking of the company as per debenture dated 7th September 2017

- Fixed and floating charge over all property or undertaking of the company as per debenture dated 22nd January 2019

- Fixed and floating charge over all property or undertaking of the company as per debenture dated 8th August 2019.

- There exists various cross guarantees amongst various group companies in favour of the it's bankers.