SMALLWOOD MANOR PREPARATORY SCHOOL LIMITED

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  Accounts not prepared on a going-concern basis

  As discussed in more detail in the going concern section of the Accounting Policies, the directors consider that the preparation of the financial statements for Smallwood Manor Preparatory School Limited should be on a basis other than as a going concern. This reflects the fact that the trade of the charitable company and certain business assets (excluding the school land and buildings) were gifted to Denstone College in 2021 and the school land and buildings were sold to an external third party.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

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

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Not a going concern (break-up basis)

“As discussed in more detail in the going concern section of the Accounting Policies, the directors consider that the preparation of the financial statements for Smallwood Manor Preparatory School Limited should be on a basis other than as a going concern. This reflects the fact that the trade of the charitable company and certain business assets (excluding the school land and buildings) were gifted to Denstone College in 2021 and the school land and buildings were sold to an external third party.”

Significant events

• “Following an in-depth review of all aspects of the school, it was agreed that the school would merge with Denstone College from 1st September 2021. The merger went ahead as planned on 1st September 2021 and the school activity was 'gifted' to Denstone College. The land and buildings and the investment properties were sold to a third party on 13th September 2021. All trade attributable to the company and its subsidiary ceased on 31st August 2021.”
• “It is intended that Smallwood Manor Preparatory School Limited will commence the necessary steps to undertake a voluntary winding up, as soon as the Pensions Trust liability can be finalised, or earlier, if possible.”

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

0

last 12 months

Officers resigned

0

last 12 months

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