ACCOUNTS - Final Accounts

Auditors' remuneration

During the year, the Group obtained the following services from the Company's auditors:

Registered number: 03005470

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

COMPANY INFORMATION

Directors	K A Boulter
	R A Richardson


Company secretary	R A Richardson


Registered number	03005470


Registered office	Barnardiston Hall Preparatory School
	Hall Road
	Barnardiston
	Haverhill
	Suffolk
	CB9 7TG


Independent auditors	Whitings LLP
	Chartered Accountants & Statutory Auditor
	Greenwood House
	Greenwood Court
	Skyliner Way
	Bury St Edmunds
	Suffolk
	IP32 7GY


Principal bankers	HSBC Bank Plc
	21 Meridian Way
	Meridian Business Park
	Norwich
	Norfolk
	NR7 0TA

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

CONTENTS

	Page
Group Strategic Report	1 - 3
Directors' Report	4 - 5
Independent Auditors' Report	6 - 9
Consolidated Statement of Comprehensive Income	10
Consolidated Balance Sheet	11
Company Balance Sheet	12 - 13
Consolidated Statement of Changes in Equity	14
Company Statement of Changes in Equity	15
Consolidated Statement of Cash Flows	16 - 17
Consolidated Analysis of Net Debt	18
Notes to the Financial Statements	19 - 39

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The Directors present their Strategic Report for the year ended 31 August 2025.

Introduction

The Parent Company continues to offer full time education to children up to the age of 13 as an independent Nursery and Preparatory School, providing both day care and boarding facilities and a wide range of out-of-term activities.
The Group also provides specialist residential care and educational facilities to vulnerable young people with learning difficulties and associated challenges through its subsidiary company, Broadlands Hall Limited.

Business review

The Parent Company continues to be affected by factors beyond its control. These include a significant downturn in international students for holiday courses due to various factors including the war in Ukraine, the World economy and current political dynamics and uncertainty.
Links remain with those schools which have historically sent groups of pupils to Barnardiston for integration courses in term-time and who continue to do so.
Boarding continues to be difficult, as it is nationally, and we do not expect that this part of our business will improve significantly.
Day Pupil numbers remained stable, even with the addition of VAT onto private school fees and the increase in Employer's National Insurance contributions. We continue to have strong numbers in the Pre-Prep; here children are between 3 and 7 years of age and these pupils usually stay at the School until they are 13. This gives us a good base on which to build for the future.
Mr Gavin Sinnott has now nearly completed his fourth year as Headmaster and he and his family are well settled into the role. School life continues to thrive. Both the Early Years' Foundation Stage (graded Good at its last inspection by Ofsted in 2023 and the Prep School (fully compliant with areas of excellence, in 2023) are well regarded and there continues to be a stream of parents of potential day pupils visiting.
The Nursery and the happy and 'bubbly', family-type atmosphere in the School, continue to be an attraction to parents. There is an unrivalled breadth of curriculum, including a thriving Forest School, and very strong scholarship results - academic and in sports, music, drama, art and technology. Most referrals come from word of mouth and personal recommendations. As a result, there are weekly visits to the School by prospective parents and pupil numbers are steadily increasing, from 222 in September 2023 to 225 at the start of September 2024 and 245 by Summer 25 even in the face of the new financial challenges.
We are continuing to improve our facilities for our pupils and have just recently re surfaced our netball and tennis courts.
There has been very significant growth of the subsidiary company Broadlands Hall over the last few years, with the demand for day places continuing to be very strong.
Broadlands School, which has recently been extended to a very high standard,was - three years ago - approved by the DfE to double its size, from 25 to 50 pupils with a further an expansion of a further 15 places approved for
September 2025. Pupils increased from 35 to 40 during the period September 2023 - August 2024, and by August 2025, we had 49 pupils in the School. Currently (May 2026) we have 63 pupils so are close to capacity. We have therefore requested an additional material change from September 2026 which will take school places up to 70.
We expect Broadlands to increase its annual income from £6,056,432 (YE 2025) to £6,900,000 (YE 2026).

Page 1

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Thistledown Care Home is our largest home with 6 residential places available. It is currently nearly at capacity with 5 places filled. It has recently been graded "Outstanding" by Ofsted which reflects the hard work of the team and the effectiveness of its leadership. Broadlands Care Home is now the boarding accommodation for our Monday - Friday boarders attending Broadlands School and High Gables, after recently re opening, is continuing to do well, having received a "Good" grade by Ofsted in June 2025.
As a group, Barnardiston and Broadlands have a very positive financial future, founded on the very significant growth of the Broadlands Group, a private business which is, in effect, funded by the Government. This more than balances the loss made by Barnardiston - funding which comes from individual parent's pockets and which is, therefore subject to personal economic circumstances; the pressure on parents and schools has been exacerbated by the imposition of VAT, increased Employer NI costs and the reduction in the number of boarders.

Financial key performance indicators

The key performance indicators are average pupil numbers, turnover and profit/loss before tax.
Barnardiston Hall Preparatory School Limited
Pupil numbers 239 (2024 – 238)
Turnover £2,820,991 (2024 – £2,616,098)
Loss before tax (excluding group dividend) and after exceptional impairment losses £835,163 (2024 – £1,953,819)
Broadlands Hall Limited
Pupil numbers 48 (2024 – 37)
Turnover £6,056,432 (2024 – £5,538,380)
Profit before tax £1,773,455 (2024 – £1,534,847)

Page 2

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Principal risks and uncertainties

The process of risk acceptance and risk management is addressed through a framework of policies, procedures and internal controls. All policies and procedures are subject to ongoing review by Management. Compliance with regulation, legal and ethical standards is a high priority of the Group.
The principal risks are:
Regulatory - unfavourable Ofsted or Independent Schools Inspectorate (ISI) report.
Checks are carried out on a regular basis to ensure compliance with Ofsted and ISI requirements. Third parties are also used to ensure regulatory matters are dealt with properly. All parts of our business are graded 'Good' or better.
The Group maintains a high standard of education and care, and at competitive rates, to ensure pupil numbers are maintained. The serious shortage of special needs' day places in schools nationally helps the growth of Broadlands Hall School, discussed earlier.
Recruitment - recruitment of unsuitable staff:
The Group follows formal procedures for recruitment of staff including safeguarding issues.
Funding and Liquidity
The Group's approach to liquidity management is to use a mixture of long-term and short-term debt to meet liabilities when due. Forward forecasting and variance analysis is carried out on a regular basis.
VAT
The Management Team acknowledges that VAT being imposed on School fees will happen and are planning accordingly. Barnardiston Hall is in the fortunate position of not being a charitable trust and, therefore, is not at as a great risk as some other independent schools.

Future developments
The Independent Schools' sector has faced several challenges over the last five ears, with the restriction on travel, Brexit, the current cost of living crisis and now VAT implications. That said, with increasing numbers in the Pre-Prep Department at Barnardiston Hall, and the repayment of all CBILS loans (as a result of the pandemic), we will continue to hold our own.
The Broadlands Group has been significantly strengthened by DfE's agreement to double its number of day pupils; these pupils are not dependent on a fragile economy but offer a resource to Local Authorities for special needs' places which they cannot source elsewhere. The demand is significant and continuous.

This report was approved by the board and signed on its behalf.

K A Boulter

Director

Date: 29 May 2026

Page 3

BARNARDISTON HALL PREPARATORY SCHOOL 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' responsibilities statement

The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the Group and of the profit or loss of the Group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £656,350 (2024 - loss £532,989).

Details of dividends are shown in note 12.

Directors

The directors who served during the year were:

K A Boulter

R A Richardson

Future developments

Future developments are included in the Strategic Report.

Page 4

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Group since the year end.

Auditors

The auditors, Whitings LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

K A Boulter

Director

Date: 29 May 2026

Page 5

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

Opinion

We have audited the financial statements of Barnardiston Hall Preparatory School Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 August 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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 Group's and of the parent Company's affairs as at 31 August 2025 and of the Group's profit 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.

Material uncertainty related to going concern

We draw attention to note 2.3 in the financial statements, which indicates that the company’s principal bankers have issued a reservation of rights letter following a covenant breach by the company. As stated in note 2.3, these events or conditions, along with the other matters as set out in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 6

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BARNARDISTON HALL PREPARATORY SCHOOL LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group Strategic Report and the 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 the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent Company 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.

Page 7

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BARNARDISTON HALL PREPARATORY SCHOOL LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement 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 Group's and the parent 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 Group or the parent Company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 Auditors' 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 Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

∙Enquiry of management about any known or suspected instances of non-compliance with laws and regulations, accidents in the workplace, and fraud;

∙Enquiry of management around actual and potential litigation and claims;

∙Reviewing compliance with certain laws and regulations including with regulators ISI and Ofsted;

∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

∙Challenging assumptions and judgements made by management in their significant accounting estimates, such as those identified in note 3; and

∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside of the course of normal business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditors' Report.

Page 8

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BARNARDISTON HALL PREPARATORY SCHOOL 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 Auditors' 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.

Jonathan Moore ACCA (Senior Statutory Auditor)

for and on behalf of

Whitings LLP

Chartered Accountants

Statutory Auditor

Greenwood House

Greenwood Court

Skyliner Way

Bury St Edmunds

Suffolk

IP32 7GY

29 May 2026

Page 9

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 AUGUST 2025

	2025	2024
Note	£	£


Turnover	4	8,877,429	8,139,727
Cost of sales		(693,563)	(642,812)
Gross profit		8,183,866	7,496,915
Administrative expenses		(7,039,033)	(6,905,252)
Other operating income	5	23,611	14,237
Exceptional other operating charges	13	(126,876)	(754,000)
Operating profit/(loss)		1,041,568	(148,100)
Interest receivable and similar income	9	497	-
Interest payable and similar expenses	10	(230,644)	(270,872)
Profit/(loss) before taxation		811,421	(418,972)
Tax on profit/(loss)	11	(155,071)	(114,017)
Profit/(loss) for the financial year		656,350	(532,989)

Profit/(loss) for the year attributable to:
Owners of the parent Company	656,350	(532,989)
	656,350	(532,989)

There were no recognised gains and losses for 2025 or 2024 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 19 to 39 form part of these financial statements.

Page 10

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

REGISTERED NUMBER: 03005470

CONSOLIDATED BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	15		8,332,082		8,054,402
			8,332,082		8,054,402
Current assets
Stocks	17	17,837		18,422
Debtors: amounts falling due within one year	18	898,670		545,963
Cash at bank and in hand	19	424,849		143,069
		1,341,356		707,454
Creditors: amounts falling due within one year	20	(7,108,395)		(6,738,814)
Net current liabilities			(5,767,039)		(6,031,360)
Total assets less current liabilities			2,565,043		2,023,042
Creditors: amounts falling due after more than one year	21		(125,129)		(216,703)
Provisions for liabilities
Deferred taxation	24	(189,440)		(176,179)
			(189,440)		(176,179)
Net assets			2,250,474		1,630,160

Capital and reserves
Called up share capital	25	2,002	2,002
Share premium account	26	998	998
Profit and loss account	26	2,247,474	1,627,160
		2,250,474	1,630,160

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

K A Boulter

Director

Date: 29 May 2026

The notes on pages 19 to 39 form part of these financial statements.

Page 11

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

REGISTERED NUMBER: 03005470

COMPANY BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	15		3,982,427		4,062,768
Investments	16		1		1
			3,982,428		4,062,769
Current assets
Stocks	17	14,287		14,872
Debtors: amounts falling due within one year	18	460,270		227,017
Cash at bank and in hand	19	2,015		34,032
		476,572		275,921
Creditors: amounts falling due within one year	20	(4,356,238)		(4,197,770)
Net current liabilities			(3,879,666)		(3,921,849)
Total assets less current liabilities			102,762		140,920

Creditors: amounts falling due after more than one year	21		(10,292)		(49,806)
Provisions for liabilities
Deferred taxation	24	(85,731)		(87,453)
			(85,731)		(87,453)
Net assets			6,739		3,661

Page 12

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

REGISTERED NUMBER: 03005470

COMPANY BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2025

	2025	2024
Note	£	£

Capital and reserves
Called up share capital	25		2,002		2,002
Share premium account	26		998		998
Profit and loss account brought forward		661		10,416
Profit for the year		39,114		158,413
Dividends paid		(36,036)		(168,168)
Profit and loss account carried forward			3,739		661
			6,739		3,661

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

K A Boulter

Director

Date: 29 May 2026

The notes on pages 19 to 39 form part of these financial statements.

Page 13

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 September 2023	2,002	998	2,328,317	2,331,317

Loss for the year	-	-	(532,989)	(532,989)
Dividends: Equity capital	-	-	(168,168)	(168,168)

At 1 September 2024	2,002	998	1,627,160	1,630,160

Profit for the year	-	-	656,350	656,350
Dividends: Equity capital	-	-	(36,036)	(36,036)
At 31 August 2025	2,002	998	2,247,474	2,250,474

The notes on pages 19 to 39 form part of these financial statements.

Page 14

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 AUGUST 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 September 2023	2,002	998	10,416	13,416

Profit for the year	-	-	158,413	158,413
Dividends: Equity capital	-	-	(168,168)	(168,168)

At 1 September 2024	2,002	998	661	3,661

Profit for the year	-	-	39,114	39,114
Dividends: Equity capital	-	-	(36,036)	(36,036)
At 31 August 2025	2,002	998	3,739	6,739

The notes on pages 19 to 39 form part of these financial statements.

Page 15

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit/(loss) for the financial year	656,350	(532,989)
Adjustments for:
Depreciation of tangible assets	194,922	231,049
Impairments of fixed assets	126,876	754,000
Loss on disposal of tangible assets	-	1,845
Interest paid	230,644	270,872
Interest received	(497)	-
Taxation charge	155,071	114,017
Decrease in stocks	585	-
(Increase) in debtors	(352,708)	(145,431)
Increase in creditors	484,609	1,349,884
Net cash generated from operating activities	1,495,852	2,043,247

Cash flows from investing activities
Purchase of tangible fixed assets	(599,478)	(860,603)
Sale of tangible fixed assets	-	970
Interest received	497	-
Hire Purchase interest paid	(2,151)	(13,733)
Net cash from investing activities	(601,132)	(873,366)
Cash flows from financing activities
Repayment of loans	(95,821)	(382,611)
Other new loans	-	200,000
Repayment of other loans	(35,041)	(271,450)
Repayment of/new finance leases	(94,657)	(73,245)
Dividends paid	(36,036)	(168,168)
Interest paid	(228,493)	(257,139)
Net cash used in financing activities	(490,048)	(952,613)

Page 16

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

		2025	2024
		£	£


Net increase in cash and cash equivalents	404,672	217,268
Cash and cash equivalents at beginning of year	(289,957)	(507,225)
Cash and cash equivalents at the end of year	114,715	(289,957)

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	424,849	143,069
Bank overdrafts	(310,134)	(433,026)
	114,715	(289,957)

The notes on pages 19 to 39 form part of these financial statements.

Page 17

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

CONSOLIDATED ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 31 AUGUST 2025


At 1 September 2024	Cash flows	At 31 August 2025
£	£	£

Cash at bank and in hand	143,069	281,780	424,849
Bank overdrafts	(433,026)	122,892	(310,134)
Debt due after 1 year	(161,623)	46,786	(114,837)
Debt due within 1 year	(2,199,853)	(15,989)	(2,215,842)
Hire Purchase and finance leases	(150,297)	94,657	(55,640)
	(2,801,730)	530,126	(2,271,604)

The notes on pages 19 to 39 form part of these financial statements.

Page 18

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

The company is a private company limited by share capital, registered in England and Wales. The address of the registered office is Barnardiston Hall, Hall Road, Barnardiston, Haverhill, Suffolk, CB9 7TG. The principal activity is provision of education.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

Page 19

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.3

Going concern

The group has reclassified certain loans as falling due within one year. The group breached an interest cover covenant in respect of the financial statements for the year ended 31 August 2024. The group’s principal banker subsequently issued a reservation of rights letter to the company in respect of its borrowings. As at the time of approval of these financial statements this had not been rectified. The principal banker, at the time of approval of these financial statements, has not taken any further action. Based the group’s results for the year ended 31 August 2025, the group is likely to breach the interest cover covenant.
The group has reported a profit before tax of £811,421 including exceptional impairment losses (2024 - loss before tax £418,972). At that date, the group had net current liabilities of £5,767,039 (2024 - £6,031,360).
The directors have prepared cash flow forecasts which have provided the directors with sufficient comfort that the financial statements should be prepared on the going concern basis but this is reliant on the ongoing support of the group’s principal banker and other lenders, and that no action is taken as a result of the covenant breaches. The directors recognise that due the above circumstances, the existence of a material uncertainty which may cast significant doubt over the group’s ability to continue as a going concern exists.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Group will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 20

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Consolidated Statement of Comprehensive Income in the same period as the related expenditure.

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.10

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Group in independently administered funds.

Multi-employer pension plan

The Group is a member of a multi-employer plan. Where it is not possible for the Group to obtain sufficient information to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

Page 21

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.12

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Group but are presented separately due to their size or incidence.

2.13

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 22

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.13

Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Buildings with an economic life less than 50 years	-	5%	to 10% straight line
Plant and machinery	-	15%	reducing balance/15% to 33% straight line
Motor vehicles	-	15%	to 25% reducing balance
Fixtures and fittings	-	15%	reducing balance/15% to 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.14

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

2.15

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.16

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 23

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.17

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.18

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.19

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.20

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.21

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Group's Balance Sheet when the Group 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Page 24

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.21

Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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 Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.

2.22

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 25

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations and future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related results. The estimates and assumptions that have significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.
Impairment of tangible assets
The company conducts an annual impairment review of tangible fixed assets to asses whether the carrying value exceeds the realisable value or value in use.
Impairment of debtors
The company makes estimates of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the financial circumstances of the debtor, the ageing profile of debtors and historical experience.
Going concern
Further details regarding this can be found in note 2.3.

Turnover

					2025	2024
					£	£

	Educational services	8,877,429	8,139,727

All turnover arose within the United Kingdom.

5.	Other operating income
		2025	2024
		£	£

Other operating income	-	552
Government grants receivable	23,611	13,685
	23,611	14,237

Page 26

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements

23,000

22,000

7.	Employees
	Staff costs, including directors' remuneration, were as follows:

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Wages and salaries	4,372,328	4,074,192	1,950,752	1,909,270
Social security costs	474,647	376,354	206,872	182,317
Cost of defined contribution scheme	357,075	318,403	252,823	238,529
	5,204,050	4,768,949	2,410,447	2,330,116

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Administration and support	10	10
Other departments	154	151

	164	161

The Company had an average monthly number of employees, including directors, during the year of 70 (2024 - 70).

Page 27

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

8.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	26,021	42,333
Group contributions to defined contribution pension schemes	7,295	10,649
	33,316	52,982

During the year retirement benefits were accruing to 1 director (2024 - 1) in respect of defined contribution pension schemes.

9.	Interest receivable
		2025	2024
		£	£

Other interest receivable

497

10.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	182,911	222,809
Other loan interest payable	45,582	10,116
Finance leases and hire purchase contracts	2,151	13,733
Other interest payable	-	24,214
	230,644	270,872

Page 28

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Corporation tax
Current tax on profits for the year	244,824	102,833
Adjustments in respect of previous periods	(103,014)	(13,865)

Total current tax	141,810	88,968

Deferred tax
Origination and reversal of timing differences	13,261	25,049
Total deferred tax	13,261	25,049


	Tax on profit/(loss)	155,071	114,017

Profit/(loss) on ordinary activities before tax

811,420

(418,972)

Profit/(loss) on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	202,855	(104,743)
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	55,230	232,625
Adjustments to tax charge in respect of prior periods	(103,014)	(13,865)
Total tax charge for the year	155,071	114,017

12.	Dividends
		2025	2024
		£	£

Dividends paid

36,036

168,168

Page 29

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

13.	Exceptional items
		2025	2024
		£	£

Impairment loss in respect of tangible fixed assets

126,876

754,000

14.	Parent company profit for the year

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The profit after tax of the parent Company for the year was £39,114 (2024 - £158,413).

Page 30

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

15.	Tangible fixed assets
	Group

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 September 2024	9,877,063	2,389,356	324,083	928,576	13,519,078
Additions	452,821	82,367	14,100	50,190	599,478
At 31 August 2025	10,329,884	2,471,723	338,183	978,766	14,118,556
Depreciation
At 1 September 2024	2,609,685	1,930,377	171,822	752,792	5,464,676
Charge for the year	43,466	93,175	36,292	21,989	194,922
Impairment charge	126,876	-	-	-	126,876
At 31 August 2025	2,780,027	2,023,552	208,114	774,781	5,786,474
Net book value
At 31 August 2025	7,549,857	448,171	130,069	203,985	8,332,082
At 31 August 2024	7,267,378	458,979	152,261	175,784	8,054,402

Included in freehold property is non depreciable land and buildings with a net book value of £6,986,089 (2024 - £6,986,089). Impairment losses of £1,610,960 (2024 - £1,484,084) have been provided for in calculating the net book value of freehold property.

The net book value of assets held under finance leases or hire purchase contracts, included are £163,086 (2024 - £206,430).

Page 31

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

15.Tangible fixed assets (continued)

	Company

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 September 2024	6,006,661	1,662,088	241,244	665,208	8,575,201
Additions	114,727	16,567	7,800	15,732	154,826
At 31 August 2025	6,121,388	1,678,655	249,044	680,940	8,730,027
Depreciation
At 1 September 2024	2,341,490	1,471,840	131,195	567,908	4,512,433
Charge for the year	15,813	48,861	28,204	15,413	108,291
Impairment charge	126,876	-	-	-	126,876
At 31 August 2025	2,484,179	1,520,701	159,399	583,321	4,747,600
Net book value
At 31 August 2025	3,637,209	157,954	89,645	97,619	3,982,427
At 31 August 2024	3,665,171	190,248	110,049	97,300	4,062,768

Included in freehold property is non depreciable land and buildings with a net book value of £3,949,942 (2024 - £3,949,942). Impairment losses of £1,610,960 (2024 - £1,484,084) have been provided for in calculating the net book value of freehold property.
The net book value of assets held under finance leases or hire purchase contracts, included are £81,515 (2024 - £110,463).

Page 32

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

16.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 September 2024	1
	At 31 August 2025	1

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Principal activity	Class of shares	Holding

Broadlands Hall Limited

Greenwood House, Greenwood Court, Skyliner Way, Bury St Edmunds, Suffolk

Provision of children's care homes

Ordinary

100%

17.	Stocks
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

	Consumables	17,837	18,422	14,287	14,872

Page 33

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

18.

Debtors

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Trade debtors	796,015	452,136	394,875	155,398
Other debtors	37,080	8,634	19,903	5,641
Prepayments and accrued income	57,779	77,397	37,696	58,182
Tax recoverable	7,796	7,796	7,796	7,796
	898,670	545,963	460,270	227,017

19.	Cash and cash equivalents
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Cash at bank and in hand	424,849	143,069	2,015	34,032
Less: bank overdrafts	(310,134)	(433,026)	(310,134)	(433,026)
	114,715	(289,957)	(308,119)	(398,994)

20.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank overdrafts	310,134	433,026	310,134	433,026
Bank loans	1,824,251	1,873,286	754,610	867,099
Other loans	49,451	84,491	4,500	9,500
Trade creditors	373,235	664,458	171,420	288,191
Amounts owed to group undertakings	-	-	1,079,867	410,022
Corporation tax	244,823	103,014	-	-
Other taxation and social security	612,961	539,455	226,256	280,979
Obligations under finance lease and hire purchase contracts	45,348	95,216	38,199	52,206
Other creditors	792,507	294,194	389,357	280,016
Accruals and deferred income	2,855,685	2,651,674	1,381,895	1,576,731
	7,108,395	6,738,814	4,356,238	4,197,770

Page 34

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

21.	Creditors: Amounts falling due after more than one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Other loans	114,837	161,623	-	-
Net obligations under finance leases and hire purchase contracts	10,292	55,080	10,292	49,806
	125,129	216,703	10,292	49,806

Bank loans and overdrafts are secured by first or second legal charges over the group's freehold properties, together with a fixed and floating charge over the assets and undertakings of the group. Other loans are secured by a first legal charge over one of the group's freehold properties. The borrowings have terms of between 12 and 180 months. The loans are repayable by monthly installments. Interest is charged at rates between 2.88% and 18.01%.
Hire purchase and finance leases are secured on the assets concerned.
A director has provided a personal guarantee in respect of certain borrowings.

Page 35

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

22.	Loans
	Analysis of the maturity of loans is given below:
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Amounts falling due within one year
Bank loans	1,824,251	1,873,286	754,610	867,099
Other loans	49,451	84,491	4,500	9,500
	1,873,702	1,957,777	759,110	876,599
Amounts falling due 1-2 years
Other loans	114,837	161,623	-	-
	1,988,539	2,119,400	759,110	876,599

The group has reclassified certain loans as falling due within 1 year. The group breached an interest cover covenant in respect of the financial statements for the year ended 31 August 2024. The group’s principal banker has subsequently issued a reservation of rights letter to the group companies in respect of its borrowings.
Due to this breach of the covenants, the bank is contractually entitled to request for immediate repayment of all balances. The outstanding loan amount plus overdrafts as at 31 August 2025 for the company is £1,064,744 (2024 - £1,300,125).The outstanding loan amount plus overdrafts as at 31 August 2025 for the group is £2,134,385 (2024 - £2,306,312).

23.	Hire purchase and finance leases
	Minimum lease payments under hire purchase fall due as follows:
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Within one year	47,944	101,772	42,323	53,099
Between 1-5 years	10,461	58,406	10,461	52,784
	58,405	160,178	52,784	105,883

Page 36

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

24.	Deferred taxation
	Group

	2025	2024
	£	£

At beginning of year	(176,179)	(151,130)
Charged to profit or loss	(13,261)	(25,049)
At end of year	(189,440)	(176,179)

Company

	2025	2024
	£	£

At beginning of year	(87,453)	(87,453)
Charged to profit or loss	1,722	-
At end of year	(85,731)	(87,453)

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£

Accelerated capital allowances	(196,975)	(176,179)	(90,758)	(87,453)
Short term timing differences	7,535	-	5,027	-
	(189,440)	(176,179)	(85,731)	(87,453)

25.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

2,002 (2024 - 2,002) Ordinary shares of £1.00 each	2,002	2,002

Page 37

BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

26.

Reserves

Share premium account

This reserve has arisen from amounts paid for ordinary shares in excess of their nominal value.

Profit and loss account

This reserve comprises all current and prior period distributable retained profits and losses.

27.	Contingent liabilities

Amounts not provided for in the company balance sheet
The total amount of contingencies not included in the company balance sheet is £1,069,641 (2024 - £1,006,186). A contingent liability exists under a guarantee provided in support of group companies in respect of bank borrowings.

28.	Pension commitments

The group operates a defined contribution pension scheme and a defined benefit scheme that is accounted for as a defined contribution scheme in line with the policy at note 2.10. The assets of the schemes are held separately from those of the group in an independently administered funds. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £357,075 (2024 - £318,403). Contributions totalling £40,608 (2024 - £42,248) were payable to the scheme at the end of the year and are included in creditors.

29.	Commitments under operating leases
	At 31 August 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Not later than 1 year	5,205	5,615	4,145	2,436
Later than 1 year and not later than 5 years	3,888	1,872	3,888	812
	9,093	7,487	8,033	3,248

Group lease payments of £41,417 (2024 - £47,263) were recognised as an expense during the year.
Lease payments for the company of £20,883 (2024 - £22,825) were recognised as an expense during the year.

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BARNARDISTON HALL PREPARATORY SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

30.	Related party transactions
	Key management personnel, which includes the directors and members of the senior management team, received compensation of £516,135 (2024 - £479,567). Included in creditors are balances due to directors of £342,140 (2024 - £242,076). During the year the company paid dividends to directors of £36,036 (2024 - £168,168).

31.	Controlling party

The ultimate controlling party is K Boulter by way of his 100% shareholding in the parent company.

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