REGISTERED NUMBER: 16040823 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

25 OCTOBER 2024 TO 31 AUGUST 2025

FOR

INDIE EDUCATION

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C M Bruce

Mr H Fowler

Ms K L Knight

Mr S N Orton

Mr P S Stone

REGISTERED OFFICE:

Creative Mill

64 Mansfield Street

Leicester

Leicestershire

LE1 3DL

REGISTERED NUMBER:

16040823 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,657

CURRENT ASSETS

Debtors

5

66,289

Cash at bank

321,380

387,669

CREDITORS

Amounts falling due within one year

6

178,279

NET CURRENT ASSETS

209,390

TOTAL ASSETS LESS CURRENT LIABILITIES

211,047

CREDITORS

Amounts falling due after more than one year

7

(484,300

)

PROVISIONS FOR LIABILITIES

8

(414

)

NET LIABILITIES

(273,667

)

RESERVES

Income and expenditure account

9

(273,667

)

(273,667

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by:

Mr C M Bruce - Director

1.	STATUTORY INFORMATION

Indie Education is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised in the accounting period in which the company obtains the rights to consideration in exchange for its performance.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the 31 August 2025. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

Creditors

Short term trade 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.

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding the company's negative retained earnings at the year end. This position was anticipated, as the school commenced operations in September 2025 and the losses incurred relate primarily to pre-opening and set-up costs.

The directors have undertaken an assessment of the company's current financial position and its expected trading performance for at least 12 months from the date of approval of these financial statements. Based on this review, the directors are satisfied that the company has sufficient resources to continue in operational existence and to meet its liabilities as they fall due with support from Indie Education ACN and expected growth in local authority funded placements.

Accordingly, the directors consider it appropriate to adopt the going concern basis in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

1,709

At 31 August 2025

1,709

DEPRECIATION

Charge for period

52

At 31 August 2025

52

NET BOOK VALUE

At 31 August 2025

1,657

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

66,289

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

29,854

Taxation and social security

6,170

Other creditors

142,255

178,279

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

484,300

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

484,300

On 27th January 2025, the company entered into a loan agreement under which it received funds of $1,000,000.00 from Indie Education ACN. The loan bears interest at a rate of 5% per annum. The loan is repayable in full on 1 February 2035.

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

414

Deferred

tax

£

Provided during period

414

Balance at 31 August 2025

414

9.

RESERVES

Income

and

expenditure

account

£

Deficit for the period

(273,667

)

At 31 August 2025

(273,667

)

10.	LIMITED BY GUARANTEE

The company is incorporated as a company limited by guarantee and does not have a share capital.

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme is held separately from those of the company within administered funds. The total contributions paid in the period amounted to £40,152. Contributions of £40,152 were unpaid at the year end.