OLD BUCKENHAM HALL(BRETTENHAM)EDUCATIONAL TRUST LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 in the financial statements, which indicates that the Business has net current liabilities of £1,780,374 as a result of substantial deferred income and the bank loan being due within one year due to a covenant breach, and the loans expiration in September 2025. In addition, there are significant risks inherent in the Business' forecast cashflows as a result of current political and economic factors, along with the requirement to undertake Heritage works, to which these potential downside scenarios or additional cash outflows could place significant strain on existing working capital facilities. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Business' ability to continue as a going concern.

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

Larking Gowen LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 in the financial statements, which indicates that the Business has net current liabilities of £1,780,374 as a result of substantial deferred income and the bank loan being due within one year due to a covenant breach, and the loans expiration in September 2025. In addition, there are significant risks inherent in the Business' forecast cashflows as a result of current political and economic factors, along with the requirement to undertake Heritage works, to which these potential downside scenarios or additional cash outflows could place significant strain on existing working capital facilities. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Business' ability to continue as a going concern.”

Significant events

• “The 2023/24 academic year was a hugely successful one for Old Buckenham Hall. There was significant change throughout the Senior Management Team, including a new Headmaster and various role changes, but these brought with them widespread improvement across the school.”
• “The year concluded with a very successful ISI inspection that highlighted what a special experience OBH pupils have at the school. Inspectors commented that they had rarely seen such positive parent and pupil feedback, which was a rewarding way to round off the year.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +676.5%

  -£29,905 → £172,392

  highest in 4 filed years

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers