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REGISTERED NUMBER: 05657736 (England and Wales)










Financial Statements

for the Year Ended 31 December 2021

for

Wheatley Hill Community Nursery Limited

Wheatley Hill Community Nursery Limited (Registered number: 05657736)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wheatley Hill Community Nursery Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: K Alderson
L Coxon
T L Lewis
A F McCormick
I R N Norberg





REGISTERED OFFICE: Wheatley Hill Family Centre
Jack Lawson Terrace
Wheatley Hill
Co. Durham
DH6 3RT





REGISTERED NUMBER: 05657736 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Yoden House
30 Yoden Way
Peterlee
Co. Durham
SR8 1AL

Wheatley Hill Community Nursery Limited (Registered number: 05657736)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 3 392 483
Cash at bank 25,783 32,068
26,175 32,551
CREDITORS
Amounts falling due within one year 4 (26,704 ) (27,461 )
NET CURRENT (LIABILITIES)/ASSETS (529 ) 5,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

(529

)

5,090

RESERVES
Income and expenditure account (529 ) 5,090
(529 ) 5,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2022 and were signed on its behalf by:





T L Lewis - Director


Wheatley Hill Community Nursery Limited (Registered number: 05657736)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GOING CONCERN
The financial statements have been prepared on a going concern basis, the director believes this assumption to be appropriate based on the continuing financial support of the company`s directors.

If the going concern basis was not appropriate, adjustments would have to be made to restate the value of the assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2020 - 13 ) .

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Prepayments 392 483

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Accruals and deferred income 21,997 11,879
Accrued expenses 4,707 15,582
26,704 27,461

Wheatley Hill Community Nursery Limited (Registered number: 05657736)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 25,875 25,875
Between one and five years 77,625 103,500
103,500 129,375