TORMEAD 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

Standalone (parent only)

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During the year, the school provided means-tested Entrance Bursaries for 38 pupils whose parents could not afford the full fees, with 9 pupils receiving support of 100% of fees. An additional 4 pupils received some additional financial assistance for part of the year, with means-tested bursary funding totaling £552k.”
• “Tormead received a single donation of £30K, as a leaving gift to support the Sports and Music departments.”
• “This year saw the completion of two major developments, both of which delivered exponential improvements to the school. The Urnfield Sports Ground development gives us a 400m running track, state-of-the-art hockey pitch, a hammer cage and Javelin track as well as a new artificial cricket wicket with outdoor nets.”
• “Harris House, the conversion of a residential house into an extension to the ever-growing Prep School, comprises two YR5 classrooms, a Library, a Food Technology classroom, office space, a staff room, and an enclosed landscaped garden.”
• “On 24 February 2025 the school announced that it planned to conduct a charitable merger with Rydes Hill School Guildford, a local prep school. The merger completed on the 1 September 2025. The merger of the two charities will see the retention of both schools under a single Board of Governors a single executive structure and Tormead Limited being the continued legal entity. As part of the merger, Tormead Limited had advanced Rydes Hill £321,450 to allow capital works to take place.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

4

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

  +3.9%

  £14,739,039 → £15,314,530

• Cash

  -70.4%

  £5,857,230 → £1,734,848

• Net assets

  +0.2%

  £19,113,259 → £19,156,062

• Employees

  +5%

  140 → 147

• Wages

  +4.9%

  £6,619,224 → £6,941,683

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