Registration number:
Ipswich Education Limited
Report of the Directors and
for the Year Ended 31 August 2025
Ipswich Education Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Ipswich Education Limited
Company Information
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Directors |
Ms Xuyan Lin Mr Jing Wang Jamie Alexander Smith Kimberley Elizabeth Pigram |
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Registered office |
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Auditors |
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Ipswich Education Limited
Strategic Report for the Year Ended 31 August 2025
The directors present their strategic report for the year ended 31 August 2025.
Principal activity
The principal activity of the company is that of a co-educational indepedent day and boarding school for girls and boys.
Fair review of the business
The school is a co-educational independent day and boarding school.
The financial statements show a loss for the year of £1,197,431 (2024: £(1,247,544)) from a turnover of £9,352,774 (2024: £8,911,545). As at 31 August 2025, the company had net liabilities of £12,417,047 (2024: £(11,219,616)). The directors consider these results to be as anticipated during the period of restructure.
Pupil numbers in the current academic year (2025/26) remain positive with an average of 522 (vs 526 in 2024/25). Efficiencies have been identified in expenditure and progress is being made in this area. The directors are closely monitoring the expected losses and have confidence of financial improvement and a more robust financial position in the 2025/26 academic results.
Principal risks and uncertainties
The key business risks and uncertainities affecting the company relate to recruitement levels of students, improving profitability, financing arrangements and ongoing compliance with current and future legislation affecting the sector.
Approved and authorised by the
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Ipswich Education 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 of the company
The directors who held office during the year were as follows:
Going concern
In accordance with the Financial Reporting Council's 'Going Concern and Liquidity Risk: Guidance for Directors of UK Companies', the directors of all companies are now required to provide disclosures regarding the adoption of the going concern basis of accounting.
As anticipated at the time of re-structuring, the company continued to makes losses in the financial year to 31 August 2025. The company is expected to return to profits over the following two to three years. The shareholders have agreed to provide financial support for the foreseeable future.
For these reasons, the directors consider it appropriate to prepare accounts on going concern basis.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved by the
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Ipswich Education Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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:
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• |
select suitable accounting policies and apply them consistently; |
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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• |
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 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.
Ipswich Education Limited
Independent Auditor's Report to the Members of Ipswich Education Limited
Opinion
We have audited the financial statements of Ipswich Education Limited (the 'company') for the year ended 31 August 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, 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 auditor 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 UK, including the FRC’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 director's 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 original financial statements were 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 directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Ipswich Education Limited
Independent Auditor's Report to the Members of Ipswich Education Limited (continued)
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and 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 our 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 and the Directors' Report.
We have nothing to report in respect of the following matters where 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 Statement of Directors' Responsibilities [set out on page 4], 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.
Ipswich Education Limited
Independent Auditor's Report to the Members of Ipswich Education Limited (continued)
Auditor 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 auditor’s 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.
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 auditor's report. As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
• Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the company to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the company audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Ipswich Education Limited
Independent Auditor's Report to the Members of Ipswich Education Limited (continued)
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 auditor’s 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.
......................................
For and on behalf of
Savoy Circus
London
W3 7DA
Ipswich Education Limited
Profit and Loss Account for the Year Ended 31 August 2025
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Note |
31.08.25 |
31.08.24 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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|
|
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Distribution costs |
( |
( |
|
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Administrative expenses |
( |
( |
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Other operating income |
|
|
|
|
Operating loss |
( |
( |
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Interest payable and similar expenses |
( |
( |
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Loss before tax |
( |
( |
|
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Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Ipswich Education Limited
(Registration number: 10875162)
Balance Sheet as at 31 August 2025
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Note |
31.08.25 |
31.08.24 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
|
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Capital and reserves |
|||
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Called up share capital |
1,800,000 |
1,800,000 |
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Retained earning |
(14,217,047) |
(13,019,616) |
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Shareholders' deficit |
(12,417,047) |
(11,219,616) |
Approved and authorised by the
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Ipswich Education Limited
Statement of Changes in Equity for the Year Ended 31 August 2025
|
Share capital |
Retained earning |
Total |
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At 1 September 2024 |
|
( |
( |
|
Loss for the year |
- |
( |
( |
|
Total comprehensive income |
- |
( |
( |
|
At 31 August 2025 |
|
( |
( |
|
Share capital |
Retained earning |
Total |
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|
At 1 September 2023 |
|
( |
( |
|
Prior period adjustment |
- |
( |
( |
|
At 1 September 2023 (As restated) |
|
( |
( |
|
Loss for the year |
- |
( |
( |
|
At 31 August 2024 |
1,800,000 |
(13,019,616) |
(11,219,616) |
Ipswich Education Limited
Statement of Cash Flows for the Year Ended 31 August 2025
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Note |
31.08.25 |
31.08.24 |
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Cash flows from operating activities |
|||
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Loss for the year |
( |
( |
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
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|
|
|
Finance costs |
|
|
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|
( |
( |
||
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Working capital adjustments |
|||
|
(Increase)/decrease in trade debtors |
( |
|
|
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Increase in Trade Creditors |
1,079,308 |
982,413 |
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|
Decrease in provisions |
( |
( |
|
|
(Decrease)/increase in deferred income, including government grants |
( |
|
|
|
Net cash flow from operating activities |
( |
|
|
|
Cash flows from investing activities |
|||
|
Acquisitions of tangible assets |
( |
( |
|
|
Acquisition of intangible assets |
- |
( |
|
|
Net cash flows from investing activities |
( |
( |
|
|
Net (decrease)/increase in cash and cash equivalents |
( |
|
|
|
Cash and cash equivalents at 1 September |
|
|
|
|
Cash and cash equivalents at 31 August |
423,532 |
862,658 |
|
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
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1. |
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
|
2. |
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency is Pound Sterling (£).
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future and has neither the intention nor the need to liquidate or
materially curtail its operations.
In assessing the appropriateness of the going concern basis, the directors have considered the company’s financial position, cash flows, and the ongoing support of the ultimate parent company, which has confirmed it will continue to provide financial support for at least 12 months from the date of approval of the financial statements. The directors have also considered the financial health of the ultimate parent company and are satisfied that it is strong and able to provide the necessary support.
The directors have not identified any material uncertainties and are satisfied that the company will have sufficient resources to continue operating. Accordingly, they consider it appropriate to prepare the financial statements on a going concern basis.
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
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2 |
Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Freehold Property |
The freehold property is maintained to a high standard and no depreciation is charged as in the opinion of the directors any such sum is immaterial |
|
Plant & machinery |
12.5% straight line |
|
Motor vehicles |
12.5% straight line |
|
Computer equipment |
25% on cost |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Goodwill |
10 Years |
|
Internally generated software |
3 Years |
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
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2 |
Accounting policies (continued) |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
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2 |
Accounting policies (continued) |
Financial instruments
Classification
Recognition and measurement
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3. |
Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
|
31.08.25 |
31.08.24 |
|
|
Rendering of services |
|
|
|
4. |
Other operating income |
The analysis of the company's other operating income for the year is as follows:
|
31.08.25 |
31.08.24 |
|
|
Government grants |
|
- |
|
Miscellaneous other operating income |
|
|
|
|
|
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5. |
Interest payable and similar expenses |
|
31.08.25 |
31.08.24 |
|
|
Interest expense on other finance liabilities |
|
|
|
6. |
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
|
6 |
Staff costs (continued) |
|
31.08.25 |
31.08.24 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
31.08.25 |
31.08.24 |
|
|
Teaching staff |
|
|
|
Administration and support |
|
|
|
|
|
|
7. |
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
31.08.25 |
31.08.24 |
|
|
Remuneration |
|
|
|
8. |
Auditors' remuneration |
|
31.08.25 |
31.08.24 |
|
|
Audit of the financial statements |
|
|
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
|
9. |
Taxation |
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
31.08.25 |
31.08.24 |
|
|
Loss before tax |
( |
( |
|
Corporation tax at standard rate |
( |
( |
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
- |
|
Further item of tax decrease - Investment and other profits |
( |
- |
|
Tax increase from effect of unrelieved tax losses carried forward |
|
|
|
Tax increase from other tax effects - Investment and other profits |
|
- |
|
Effect of tax losses |
( |
- |
|
Total tax charge/(credit) |
- |
- |
The taxable losses available to carry forward to offset against future trading profits are £14.95 million.
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
|
10. |
Intangible assets |
|
Goodwill |
Internally generated software development costs |
Total |
|
|
Cost or valuation |
|||
|
At 1 September 2024 |
|
|
|
|
At 31 August 2025 |
|
|
|
|
Amortisation |
|||
|
At 1 September 2024 |
|
|
|
|
Amortisation charge |
|
|
|
|
At 31 August 2025 |
|
|
|
|
Carrying amount |
|||
|
At 31 August 2025 |
|
|
|
|
At 31 August 2024 |
|
|
|
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.
Website and branding is being amortised evenly over its estimated useful life of three years.
The directors have conducted an impairment review on the intangible fixed assets and while there is some uncertainty regarding the effects of Covid-19, this cannot still be reliably measured at present so consequently no provision has been made with regards to impairment losses. This will be reviewed again at the end of the next financial year.
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
|
11. |
Tangible assets |
|
Land and buildings |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
|||||
|
At 1 September 2024 |
|
|
|
|
|
|
Additions |
- |
|
|
- |
|
|
At 31 August 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 September 2024 |
- |
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
At 31 August 2025 |
- |
|
|
|
|
|
Carrying amount |
|||||
|
At 31 August 2025 |
|
|
|
|
|
|
At 31 August 2024 |
|
|
|
|
|
The above total of £6,537,102 (2024 - £6,537,102) represents freehold land and buildings.
The freehold property is maintained to a high standard and no depreciation is charged, as in the opinion of the directors any such sum is immaterial.
National Westminister Bank Plc hold a fixed and floating charge over the land, fixtures & fittings and plant and machinery owned by the company.
The directors have considered the need to impair tangible fixed assets and are satisfied that no provision is necessary.
|
12. |
Debtors |
|
Current |
31.08.25 |
31.08.24 |
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
Prepayments |
|
|
|
|
|
|
13. |
Cash and cash equivalents |
|
31.08.25 |
31.08.24 |
|
|
Cash at bank |
|
|
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
|
14. |
Creditors |
|
Note |
31.08.25 |
31.08.24 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
|
|
|
|
Social security and other taxes |
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
Deferred income |
|
|
|
|
|
|
|
15. |
Share capital |
Allotted, called up and fully paid shares
|
31.08.25 |
31.08.24 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,800,000 |
|
1,800,000 |
Ipswich Education Limited
Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)
|
16. |
Related party transactions |
Summary of transactions with parent
Loans from related parties
|
2025 |
Parent |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
At end of period |
|
|
|
|
||
|
2024 |
Parent |
Total |
|
At start of period |
|
|
|
Repaid |
( |
( |
|
At end of period |
|
|
|
|
||