THE SCHOOL TRAVEL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
The School Travel Group L:imited is a private company limited by shares and incorporated in England. Its registered office is 3rd Floor, Queensberry House,106 Queens Road, Brighton BN1 3XF.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Amounts owed by group undertakings
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The immediate parent company of the entity is Equity Inspiring Learning Limited, a company incorporated in England and Wales. The largest group of undertakings for which consolidated financial statements are prepared, to include the results of this Company, is headed by Morel Investment Management Limited whch is registered in England and Wales.The smallest group of undertakings for which consolidated financial statements are prepared, to include the results of this Company, is headed by Equity Inspiring Learning Limited.
The ultimate holding undertaking is Taumarunui Investment LLP with its registered office at Create Business Hubb, Ground Floor, 5 Rayleigh Road, Hutton, Brentwood, Essex CM13 1AB under registered number OC420366.
The director considers that the ultimate controlling party is Mr Bryan Green by virtue of his controlling interest in the parent undertaking Taumarunui Investment LLP.
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