Hartpury Annual Report July 2025

Hartpury University Annual Report and Financial Statements > 2024/2025

Notes to the Financial Statements (continued) Year Ended 31 July 2025

Dissolution of Subsidiary Undertaking

On 11 November 2025, the Group completed the formal dissolution of its dormant subsidiary, Limbury Ltd (Company No. 03055621). The subsidiary had no trading activity and no material assets or liabilities at the balance sheet date.

The dissolution occurred after the reporting period and is therefore treated as a non-adjusting event under Section 32 of FRS 102. Accordingly, no adjustments have been made to the consolidated financial statements as a result.

23. US Loans Supplementary Schedule

Hartpury University has students who received loans during the financial year through the Federal Student Aid programmes administered by the U.S. Department of Education (ED). In order to meet its obligations to facilitate students’ access to US federal financial aid, Hartpury University is required by the U.S. Department of Education to present the following Supplementary Schedule in a prescribed format. The amounts presented in the schedules have been: prepared under the historical cost convention; prepared using United Kingdom generally accepted accounting practice, in accordance with Financial Reporting Standard 102 (FRS 102) and the Statement of Recommended Practice: Accounting for Further and Higher Education (2019 edition); and presented in pounds sterling. The schedules set out how each amount disclosed has been extracted from the financial statements. As noted above, the accounting policies used in determining the amounts disclosed are not intended to, and do not, comply with the requirements of accounting principles generally accepted in the United States of America.

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