Company registration number 09738366 (England and Wales)
BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 9
BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
5
267,494
265,006
Current assets
Trade and other receivables
6
1,171,018
1,434,138
Cash and cash equivalents
1,134,282
1,005,166
2,305,300
2,439,304
Current liabilities
7
(458,726)
(768,842)
Net current assets
1,846,574
1,670,462
Total assets less current liabilities
2,114,068
1,935,468
Provisions for liabilities
(50,503)
(52,932)
Net assets
2,063,565
1,882,536
Equity
Called up share capital
1
1
Retained earnings
2,063,564
1,882,535
Total equity
2,063,565
1,882,536

The notes on pages 2 to 9 form part of these financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 August 2026 and are signed on its behalf by:
F Knipe
Director
Company registration number 09738366 (England and Wales)
BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Bassetsbury Manor School Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Clyde & Co Llp, St Botolph Building, 138 Houndsditch, London, United Kingdom, EC3A 7AR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

When preparing these Financial Statements, the Directors have assessed the Company's ability to continue as a going concern. The Directors have made their assessment based on the preparation of a long-term cash flow projection, consideration of the impact key sensitivities on the cash flow and any appropriate mitigations, regular review of management accounts and the availability of various funding sources available to the Company. true

The Directors are of the opinion that no material uncertainty exists in relation to the Company's ability to continue as a going concern for a period of 12 months from the date of approving these financial statements and therefore the accounts are prepared on a going concern basis. The company also has the support of other group companies.

1.3
Revenue

Tuition fees are recognised at the fair value of the consideration received or receivable for services provided in the normal course of business when the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Amounts invoiced in advance are deferred and carried forward within other payables, whilst amounts due but not yet received in the year are shown within other receivables.

Other income is recognised in the period it is receivable and to the extent the company has provided the goods or services.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

1.5
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
6.67% straight line
Office equipment
20% straight line
Motor vehicles
10% straight line
Other assets
20% straight line
IT equipment
25% straight line
Furniture
10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

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

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

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

BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

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

Classification of financial liabilities

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

Basic financial liabilities

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

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

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

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

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

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

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

1.12
Retirement benefits

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

2
Judgements and key sources of estimation uncertainty

The preparation of the Company’s financial statements requires management to make judgements, estimates and assumptions. The judgements, estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the next financial year are detailed below.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Useful economic life of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimates of useful economic lives and residual values of assets. The useful economic lives are reviewed annually and amended where necessary.

Impairment of debtors

The Company makes an estimate of the recoverable value of trade and other debtors. When assessing

impairment of trade and other debtors, management considers factors including the ageing profile of debtors, relationship with the debtors and historical experience.

BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
3
Employees

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

2025
2024
Number
Number
Total
30
29
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024 and 31 August 2025
657,638
Amortisation and impairment
At 1 September 2024 and 31 August 2025
657,638
Carrying amount
At 31 August 2025
-
0
At 31 August 2024
-
0
BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
5
Property, plant and equipment
Fixtures and fittings
Office equipment
Motor vehicles
Other assets
IT equipment
Furniture
Total
£
£
£
£
£
£
£
Cost
At 1 September 2024
215,280
161,332
21,739
4,298
120,932
9,431
533,012
Additions
34,730
-
0
-
0
926
15,260
-
50,916
At 31 August 2025
250,010
161,332
21,739
5,224
136,192
9,431
583,928
Depreciation and impairment
At 1 September 2024
26,351
160,726
9,964
1,281
68,465
1,219
268,006
Depreciation charged in the year
15,646
259
2,174
950
28,455
944
48,428
At 31 August 2025
41,997
160,985
12,138
2,231
96,920
2,163
316,434
Carrying amount
At 31 August 2025
208,013
347
9,601
2,993
39,272
7,268
267,494
At 31 August 2024
188,929
606
11,775
3,017
52,467
8,212
265,006
BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 8 -
6
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
93,713
321,080
Amounts owed by group undertakings
1,009,651
1,053,122
Other receivables
67,654
59,936
1,171,018
1,434,138
7
Current liabilities
2025
2024
£
£
Trade payables
23,219
55,720
Taxation and social security
57,680
31,777
Other payables
377,827
681,345
458,726
768,842

Legal charges were created on 25 October 2019 and 30 November 2022 by Investec Bank PLC by means of fixed and floating charges over all the property and undertakings of the company. These charges were satisfied on 6 January 2025.

8
Audit report information

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

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

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its 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.

Senior Statutory Auditor:
James Reilly ACCA
Statutory Auditor:
Azets Audit Services
Date of audit report:
4 August 2026
BASSETSBURY MANOR SCHOOL LIMITED
T/A CROWN HOUSE SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 9 -
9
Parent company

The parent company of Bassetsbury Manor School Limited is Chatsworth Opco 1 Limited and the ultimate parent is Synova Capital Fund III LP. The registered office address of the ultimate parent is 3rd Floor, 45 Mortimer Street, London, United Kingdom, W1W 8HJ.

Consolidated group accounts are prepared by Chatsworth Topco Limited and are available upon request from the company at C/O Clyde & Co Llp, St Botolph Building, 138 Houndsditch, London, United Kingdom, EC3A 7AR.

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