WEST LOTHIAN EDUCATION LIMITED

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -28%

  -£4,990,309 → -£6,388,063

  lowest in 3 filed years

• Employees

  —

  Not reported

• Profit before tax

  -443.3%

  -£257,253 → -£1,397,754

  lowest in 3 filed years

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

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.

1. WEST LOTHIAN EDUCATION LIMITED 2007-01-03 → present
2. MORRISON EDUCATION WEST LOTHIAN LIMITED 2001-05-08 → 2007-01-03

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis notwithstanding net liabilities of £6,388,063 and net current liabilities of £3,530,100 (2023: £4,990,309 and £2,132,346) which the directors believe to be appropriate for the following reasons. Cash flow forecasts are prepared for the underlying investment looking over the expected life of the asset and so including the 12 month period from the date the financial statements are signed. In drawing up these forecasts, the directors have made assumptions based upon their view of the current and future economic conditions that will prevail over the forecast period. The Company is in a net liability position which is a result of capitalisation of subordinated debt interest resulting in higher finance costs, and the intercompany balance with Elbon Holdings (1) Limited. On 29 June 2021, a loan agreement was executed between West Lothian Education Limited and Elbon Holdings (1) Limited. This agreement confirmed that the outstanding intercompany balance has no fixed repayment date, other than the repayment of capital in 2032, and the directors may make repayments at their discretion. The Company's cash flows are dependent on the performance of its investment. After reviewing the performance of the investment, which is done on a regular basis, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The directors of the subsidiary company have prepared cash-flow forecast for the concession period. These forecasts indicate that the banking covenant ratios will be met in all future periods. In light of this, the directors continue to adopt the going concern basis of accounting in preparing the Company's annual financial statements.”

Group structure

1. WEST LOTHIAN EDUCATION LIMITED · parent
   1. Alpha Schools (West Lothian) Holdings Limited 100%
   2. Alpha Schools (West Lothian) Limited 100%

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

0

last 12 months

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