ST.NEOTS(EVERSLEY)LIMITED

• ⚠

  Material uncertainty over going concern

  Note 2.2 of the financial statements which explains the charity's intention to merge with Lord Wandswoth College within the next 12 months resulting in the legal entity ceasing to exist. As the activities of the School will be transferred within twelve months of the date of approval of these accounts they are prepared on a basis other than Going Concern.

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Note 2.2 of the financial statements which explains the charity's intention to merge with Lord Wandswoth College within the next 12 months resulting in the legal entity ceasing to exist. As the activities of the School will be transferred within twelve months of the date of approval of these accounts they are prepared on a basis other than Going Concern.”

Significant events

• “The School entered into a formal collaboration with Lord Wandsworth College (LWC) in 2021. Since this time St Neot's has gone from strength to strength meeting the conditions to enter into a full merge with LWC.”
• “Both Governing Boards have agreed to start the formal process to legally merge on 1 September 2025. The Heads of Terms for this project were agreed by both Governing Boards on the 8 October 2024.”
• “On 30 October 2024, the Chancellor of the Exchequer presented the Autumn Budget to Parliament, which included an increase to the National Minimum Wage, and an increase to Employer's National Insurance, both of which will lead to increased costs to St. Neot's School from April 2025.”
• “In addition, the Budget confirmed the implementation of VAT on private school fees at the standard rate of 20% from 1 January 2025.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  +21.4%

  £4,152,146 → £5,039,085

• Cash

  +204.1%

  £358,549 → £1,090,472

• Net assets

  +2.2%

  £3,717,021 → £3,800,352

• Employees

  +13.6%

  66 → 75

• Wages

  +14.6%

  £2,067,796 → £2,369,540

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