QUEENSWOOD SCHOOL LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis, which assumes the company will continue in operational existence for the foreseeable future. The Governors have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the Company to continue as a going concern. The governors have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the governors have considered and challenged the charitable group's forecasts and projections, including cash flows, pupil projections and the likely impact of pressures on fee income. The economic outlook remains uncertain and continues to be impacted by inflation, energy costs and changes to government taxation policy, specifically the implementation of VAT and removal of mandatory charitable tax relief on business rates. The governors are confident that the measures that the school has taken in relation to fees and spending priorities will mitigate the risk of the pupil roll dropping. This is further supported through the number of registrations that we have seen. After making enquiries the detailed review undertaken by the governors and the ongoing measures, they have put in place have led them to conclude that there is reasonable expectation that the charitable group has adequate resources to continue in operational existence and meet its ongoing liabilities for the foreseeable future. The charitable group therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. QUEENSWOOD SCHOOL LIMITED · parent
   1. QUEENSWOOD ENTERPRISES LIMITED 100% · England and Wales · Management of the letting of Queenswood School Ltd's facilities to external clients.

Significant events

• “The government took a decision to apply VAT to Independent School Fees from 1 January 2025. In order to try and protect our school community and reduce the impact of this the school took a decision to reduce fees by 10-12%, dependant on package and year. This mid-year change clearly makes historical comparisons difficult.”
• “Any situation which would give rise to a significant decline in pupil roll and School revenues; this includes the direct and indirect impact of VAT, a recession, excessive inflation, higher interest rates and higher energy costs”
• “The removal of charitable status for independent schools”
• “Changes in the UK economy or an overseas economy from which the School recruits”
• “Legislative or fiscal changes, either within the Education sector generally or the independent schools sector more specifically”
• “Competition from other providers of independent school education”
• “A significant cyber-attack which involves the loss of personal data and significantly impacts the operation and reputation of the school”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -0.2%

  £14,442,851 → £14,409,843

• Cash

  -16.4%

  £1,665,806 → £1,392,815

• Net assets

  +1.9%

  £21,280,463 → £21,692,262

• Employees

  +1.1%

  189 → 191

• Operating profit

  -81.1%

  £1,928,786 → £364,535

• Profit before tax

  -81.1%

  £1,928,786 → £364,535

• Wages

  +5.2%

  £7,463,377 → £7,851,154

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers