EXETER SCHOOL

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

Simpkins Edwards Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the Governors have a reasonable expectation that Exeter School has adequate resources to continue in operational existence for the foreseeable future. Thus the Governors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. EXETER SCHOOL · parent
   1. Yew Tree Hall Limited 100% · Exeter, Devon
   2. 1633 Enterprises Limited 100% · Exeter, Devon

Significant events

• “In April 2024, the school commissioned a review of governance by the association of governing bodies in independent schools (AGBIS). At the full board meeting in June, the recommendations of the review were accepted, and with effect from September 2024, the existing six committees have been reduced to four.”
• “In 2023, the school completed the first and most significant item identified in its 2018 site masterplan, the pedestrianisation of the site.”
• “During the summer of 2024, the school completed an improvement and extension of the sixth form centre to include the addition of a new café.”
• “In September 2019, the cost of TPS contributions for teachers' pensions rose from 16.48% to 23.68%. This rate rose again in April 2024 to 28.68%. As a result, the school has closed membership of the TPS to new staff with effect from 1 January 2024.”
• “The school has spent a great deal of time and money planning for the implementation of VAT on school fees from January 2025.”

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

Filings

2

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

  +8.6%

  £14,814,784 → £16,082,834

• Cash

  +142%

  £3,578,618 → £8,660,086

• Net assets

  +3.2%

  £26,422,324 → £27,257,053

• Employees

  +4.3%

  232 → 242

• Wages

  +7.5%

  £7,212,171 → £7,750,254

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