Company registration number 15224993 (England and Wales)
DITCHAM PARK ENTERPRISES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
DITCHAM PARK ENTERPRISES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
DITCHAM PARK ENTERPRISES LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
616,310
225,373
Current assets
Stocks
17,562
-
Debtors
4
85,235
3,206
Cash at bank and in hand
18,674
197,948
121,471
201,154
Creditors: amounts falling due within one year
5
(534,508)
(282,049)
Net current liabilities
(413,037)
(80,895)
Total assets less current liabilities
203,273
144,478
Creditors: amounts falling due after more than one year
6
(525,003)
(150,000)
Net liabilities
(321,730)
(5,522)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
8
(321,830)
(5,622)
Total equity
(321,730)
(5,522)

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

The financial statements were approved by the board of directors and authorised for issue on 21 May 2026 and are signed on its behalf by:
Mr G R Seddon
Ms V S Smith
Director
Director
Company registration number 15224993 (England and Wales)
DITCHAM PARK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Ditcham Park Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ditcham Park School, Ditcham Park, Petersfield, Hampshire, United Kingdom, GU31 5RN.

1.1
Basis of preparation

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 a mounts 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.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The company incurred a loss of just over £300,000 during the year ended 31 August 2025 and, at that date, had net liabilities of £321,730. In addition, the company had net current liabilities of £413,037.

The company is a wholly owned subsidiary of The Ditcham Park School Charity Association. The parent has provided financial support to the company by way of an interbusiness loan, which amounted to £951,777 at the balance sheet date. The parent charity has confirmed that it will continue to provide financial support to the company for a period of at least 12 months from the date of the financial statements and has agreed a repayment plan.

The directors have prepared forecasts covering a period of at least 12 months from the date of approval of these financial statements. These forecasts indicate that, taking into account the continued financial support from the parent charity, the company will have sufficient funds to meets its liabilities as they fall due.

Since the year end, the company has become profitable and the company has continued to make regular repayments of the loan from its parent company. These post year-end developments provide evidence of improved trading performance. The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

DITCHAM PARK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

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

Leasehold improvements
Straight line over 33 years
Office equipment and fixtures
Straight line over 5 years
Toys and equipment
Straight line over 10 years
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

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.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

DITCHAM PARK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

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 lease s asset are consumed.

DITCHAM PARK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
2
Employees

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

2025
2024
Number
Number
Total
10
0
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Toys and equipment
Total
£
£
£
£
Cost
At 1 September 2024
225,373
-
0
-
0
225,373
Additions
346,761
38,234
15,517
400,512
At 31 August 2025
572,134
38,234
15,517
625,885
Depreciation and impairment
At 1 September 2024
-
0
-
0
-
0
-
0
Depreciation charged in the year
8,033
1,019
523
9,575
At 31 August 2025
8,033
1,019
523
9,575
Carrying amount
At 31 August 2025
564,101
37,215
14,994
616,310
At 31 August 2024
225,373
-
0
-
0
225,373
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
20,895
-
0
Other debtors
64,340
3,206
85,235
3,206
DITCHAM PARK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
10,998
4,172
Amounts owed to group undertakings
437,374
276,046
Taxation and social security
10,871
687
Other creditors
75,265
1,144
534,508
282,049
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings
514,403
150,000
Other creditors
10,600
-
0
525,003
150,000
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
8
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
(5,622)
-
0
Loss for the year
(316,208)
(5,622)
At the end of the year
(321,830)
(5,622)
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

DITCHAM PARK ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
9
Audit report information
(Continued)
- 7 -
Opinion

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.

Senior Statutory Auditor:
Julie Watts FCCA ACA
Statutory Auditor:
James Todd and Co Limited
Date of audit report:
22 May 2026
10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
1,516,200
-
0
11
Related party transactions

As a company which is a wholly owned member of a group, Ditcham Park Enterprises Limited is taking advantage of the exemption to the requirement to disclose related party transactions between members of the group.

12
Parent company

Ditcham Park Enterprises Limited is a wholly owned subsidiary of The Ditcham Park School Charity Association which draws up consolidated financial statements for the group. The parent charity is registered at the same address as the company, which can be found on the company information page.

T he ultimate controlling party is The Ditcham Park School Charity Association.

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