MIDLOTHIAN SCHOOLS 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

  +4.6%

  £3,205,675 → £3,353,465

  highest in 3 filed years

• Cash

  +14.1%

  £5,449,615 → £6,217,822

  highest in 3 filed years

• Net assets

  +90%

  -£938,982 → -£94,307

  highest in 3 filed years

• Employees

  —

  Not reported

• Operating profit

  +9.9%

  £310,499 → £341,241

• Profit before tax

  +18.6%

  £420,585 → £498,930

  highest 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

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.

1. MIDLOTHIAN SCHOOLS LIMITED 2006-05-02 → present
2. PACIFIC SHELF 1355 LIMITED 2006-01-31 → 2006-05-02

Accounting basis

FRS 102 §1A

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 £94,307 (2023: £ 938,982) which the directors believe to be appropriate for the following reasons. The directors acknowledge that the Company is in net liabilities, however this is a result of the interest rate swap, which is significantly out of the money, being included on the Statement of Financial Position. It is not the Company's intention to close these instruments before the maturity date on 30 September 2036, therefore there is no impact on the Company's ability to meet its liabilities as they fall due. The Company prepares cash flow forecasts covering 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. Based on these forecasts the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In light of this, the Directors continue to adopt the going concern basis of accounting in preparing the Company's annual financial statements.”

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.