Wychwood Court (Oxford) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Wychwood Court (Oxford) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10473159 . The registered office is 74 Banbury Road, Oxford, OX2 6JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

Valuation of land and buildings

The company’s land and development property is carried at cost less impairment.

Management exercises significant judgement in assessing whether indicators of impairment exist and in determining the recoverable amount of the asset.

During the year, management obtained an independent valuation prepared using a residual valuation methodology to assist in assessing the recoverable amount of the property. The valuation incorporates assumptions relating to future development costs, market conditions and expected future values.

These assumptions are inherently judgemental and changes in them may result in material adjustments to the carrying value of the property in future periods.

2.3. Tangible Fixed Assets and Depreciation

Land and development property are stated at cost less accumulated impairment losses.

Cost includes the purchase price of land and costs directly attributable to bringing the asset into its current condition, including planning and professional fees incurred in relation to the development of the site.

The asset is not depreciated as it is not yet available for use.

The company reviews the carrying value of its tangible assets at each reporting date to determine whether there is any indication of impairment. Where such an indication exists, the recoverable amount of the asset is estimated.

Recoverable amount is the higher of fair value less costs to sell and value in use.

Where the carrying amount of an asset exceeds its recoverable amount, the asset is written down to its recoverable amount and an impairment loss is recognised in profit or loss.

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Wychwood Court (Oxford) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.4. Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, including amounts owed by or to group undertakings, other debtors and trade creditors.

Basic financial assets and liabilities are initially recognised at transaction price and subsequently measured at amortised cost.

Financial assets are assessed for indicators of impairment at each reporting date. If objective evidence of impairment exists, an impairment loss is recognised in profit or loss.

Creditors are classified as amounts falling due within one year unless the company has a right, or there is an agreed expectation supported by the relevant parties, that settlement will not be required for at least twelve months from the reporting date, in which case they are classified as amounts falling due after more than one year.

2.5. Taxation

Current tax is provided at amounts expected to be paid or recovered using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of timing differences between the treatment of certain items for taxation and accounting purposes, to the extent that a liability or asset is expected to arise. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 September 2024	680,354
Additions	15,592
Revaluation	(181,375 )

As at 31 August 2025	514,571

Net Book Value
As at 31 August 2025	514,571

As at 1 September 2024	680,354

During the year, the company reviewed the carrying value of the development property for impairment. An impairment charge of £181,375 was recognised following consideration of an independent valuation prepared using a residual valuation methodology.

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Wychwood Court (Oxford) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	5,000	-

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,997	(1 )
Accruals and deferred income	5,670	16,292
Amounts owed to parent undertaking	-	676,786

	11,667	693,077

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to participating interests	710,232	-

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Other Commitments

Financial Commitment

The company has entered into a planning agreement in connection with the proposed development of the site. Under the agreement, a contribution of approximately £150,000 would become payable to the local authority upon commencement of construction works.

As construction had not commenced at the reporting date, no liability has been recognised in the financial statements.

10. Post Balance Sheet Events

Subsequent to the year end, the company entered into discussions with a construction company regarding a potential joint venture arrangement for the future development of the site. At the date of approval of the financial statements, no formal agreement has been entered into and accordingly no adjustment has been made to the financial statement

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Wychwood Court (Oxford) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Related Party Transactions

Included in creditors more than one year is £710,232 (2024 £676,786 showing in creditors within one year) owed by the parent company Wychwood School (Oxford) Limited. The balance is unsecured, interest free and has no formal repayment terms. Management have confirmed that repayment is not expected within one year of the balance sheet date.

12. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. Ultimate Controlling Party

The company's immediate parent undertaking is Wychwood School (Oxford) Limited , incorporated in England and Wales.

The ultimate parent undertaking is E3 Capital Partners Limited (incorporated in Virgin Islands, British).

The most senior parent entity producing publicly available financial statements is Aspire UK Holdings Limited. These financial statements are available upon request from the registrar of companies.

14. Audit Information

The auditor's report on the accounts of Wychwood Court (Oxford) Ltd for the year ended 31 August 2025 was unqualified.

The auditor's report was signed by Mrs Lisa Jane Bean FCCA (Senior Statutory Auditor) for and on behalf of Pennington Williams Limited , Statutory Auditor.

Pennington Williams Limited

Chartered Certified Accountants

Stanhope House

Mark Rake, Bromborough

Wirral

CH62 2DN

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		514,571		680,354

			514,571		680,354
CURRENT ASSETS
Debtors	5	5,000		-

		5,000		-
Creditors: Amounts Falling Due Within One Year	6	(11,667 )		(693,077 )

NET CURRENT ASSETS (LIABILITIES)			(6,667 )		(693,077 )

TOTAL ASSETS LESS CURRENT LIABILITIES			507,904		(12,723 )

Creditors: Amounts Falling Due After More Than One Year	7		(710,232 )		-

NET LIABILITIES			(202,328 )		(12,723 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(202,428 )		(12,823 )

SHAREHOLDERS' FUNDS			(202,328)		(12,723)