REGISTERED NUMBER: 07870020 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ESSENDENE LODGE 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:

07870020 (England and Wales)

AUDITORS:

Innovi Advisors Ltd

Chartered Certified Accountant& Statutory Auditors

163 Herne Hill

London

SE24 9LR

FIXED ASSETS

Intangible assets

4

12,012

-

Tangible assets

5

92,644

96,281

104,656

96,281

CURRENT ASSETS

Debtors

6

814,953

612,256

Cash at bank

111,443

117,515

926,396

729,771

CREDITORS

Amounts falling due within one year

7

668,052

464,070

NET CURRENT ASSETS

258,344

265,701

TOTAL ASSETS LESS CURRENT LIABILITIES

363,000

361,982

CREDITORS

Amounts falling due after more than one year

8

(25,441

)

(31,594

)

PROVISIONS FOR LIABILITIES

(11,806

)

(10,868

)

NET ASSETS

325,753

319,520

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

325,653

319,420

SHAREHOLDERS' FUNDS

325,753

319,520

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

Essendene Lodge 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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:

Improvements to Long Leasehold Property

- 5% straight line

Plant & machinery

- 10% reducing balance

Fixtures and fittings

- 10% reducing balance

Computer equipment

- 20% reducing balance

Motor Vehicle

- 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.

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.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

13,009

At 31 August 2024

13,009

AMORTISATION

Charge for year

997

At 31 August 2024

997

NET BOOK VALUE

At 31 August 2024

12,012

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2023

45,585

89,751

135,336

Additions

3,587

1,336

4,923

At 31 August 2024

49,172

91,087

140,259

DEPRECIATION

At 1 September 2023

3,523

35,532

39,055

Charge for year

225

8,335

8,560

At 31 August 2024

3,748

43,867

47,615

NET BOOK VALUE

At 31 August 2024

45,424

47,220

92,644

At 31 August 2023

42,062

54,219

96,281

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,200

3,145

Websites and other softwares

812,753

609,111

814,953

612,256

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,153

5,340

Finance leases

-

4,439

Trade creditors

65,274

48,397

Taxation and social security

216,444

158,268

Other creditors

380,181

247,626

668,052

464,070

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

25,441

31,594

9.	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

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.	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, Gidea Park College 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, Sunninghill School Ltd 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 £222,906 (2023: £99,106). No interest is charged on the balances.

12.

CHARGES

There exists charges over the company's assets in favour of its bankers as follows:

- 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 it's bankers.