LEICESTERSHIRE INDEPENDENT EDUCATIONAL TRUST

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Taking account of interest in the school remaining strong, continued adjustments to the cost base of the business and that the CBILS loan will be repaid in full in August 2026, prudent forecasts have been prepared that show that the Charity has adequate reserves to meet in full the Charity's financial obligations as they fall due. Our Bank has also indicated its willingness to put in place short-term overdraft arrangements if required. Accordingly, the Directors believe it appropriate to adopt the going concern basis of accounting in preparing these financial statements.”

Significant events

• “Introduction of VAT on school fees and the loss of charitable business rates mid-academic year.”
• “Withdrawal from the Teachers' Pension Scheme (TPS), effective 31 August 2023.”
• “Significant inflationary pressures due to COVID-19 and other global events.”
• “During the 2024-25 year, significant site improvements were made, which included; a new dedicated music block, an expanded and refurbished Sixth Form House, a refurbished Science and Home Economics laboratories, a new front entrance to the Senior Site, and some play equipment in the form of a Pirate Ship at the Junior Site.”
• “The sale of some land in the previous year that was not being used by the school, nor was in the future plans of the school, which was under a farming business tenancy agreement. It was sold to reinvest the proceeds in the long-term strategic development of the school site.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  +4.7%

  £5,960,288 → £6,239,968

• Cash

  -9.8%

  £2,516,330 → £2,270,014

• Net assets

  +13.8%

  £2,865,655 → £3,260,648

• Employees

  +6.1%

  82 → 87

• Profit before tax

  -28.6%

  £553,095 → £394,993

• Wages

  +9.5%

  £3,423,746 → £3,750,598

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