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REGISTERED NUMBER: 11271025 (England and Wales)


















Financial Statements

for the Year Ended 31 March 2023

for

The Walter Group Limited
Trading as
The Little Bears Nursery

The Walter Group Limited (Registered number: 11271025)
Trading as The Little Bears Nursery






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

The Walter Group Limited
Trading as The Little Bears Nursery

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J C Walter
Mrs C L Walter





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





BUSINESS ADDRESS: The Little Bears Nursery
Maldon Road
Hatfield Peveral
Essex
CM3 2HS





REGISTERED NUMBER: 11271025 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

The Walter Group Limited (Registered number: 11271025)
Trading as The Little Bears Nursery

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,659 24,534

CURRENT ASSETS
Debtors 5 5,353 4,081
Cash at bank 59,698 56,951
65,051 61,032
CREDITORS
Amounts falling due within one year 6 61,582 72,751
NET CURRENT ASSETS/(LIABILITIES) 3,469 (11,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,128

12,815

PROVISIONS FOR LIABILITIES 2,754 3,387
NET ASSETS 21,374 9,428

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 21,274 9,328
SHAREHOLDERS' FUNDS 21,374 9,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 profit or loss 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 Walter Group Limited (Registered number: 11271025)
Trading as The Little Bears Nursery

Balance Sheet - continued
31 March 2023


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 18 August 2023 and were signed on its behalf by:





J C Walter - Director


The Walter Group Limited (Registered number: 11271025)
Trading as The Little Bears Nursery

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Walter Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 represents the fair value for the provision of childcare to parents and grants for children entitled to free nursery education. Parents are invoiced monthly in advance based on future anticipated attendance by the child. Income paid in advance of the service is deferred and released once the revenue recognition criteria is met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the period of the lease
Plant and machinery etc - 33% on reducing balance

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions have been met and the grants will be received.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The benefits of lease incentives are recognised in the profit and loss account over the lease period.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Walter Group Limited (Registered number: 11271025)
Trading as The Little Bears Nursery

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 19,559 30,174 49,733
Additions - 2,254 2,254
At 31 March 2023 19,559 32,428 51,987
DEPRECIATION
At 1 April 2022 4,654 20,545 25,199
Charge for year 2,207 3,922 6,129
At 31 March 2023 6,861 24,467 31,328
NET BOOK VALUE
At 31 March 2023 12,698 7,961 20,659
At 31 March 2022 14,905 9,629 24,534

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,101 2,421
Other debtors 1,252 1,660
5,353 4,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 180 769
Taxation and social security 13,841 11,731
Other creditors 47,561 60,251
61,582 72,751

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

The Walter Group Limited (Registered number: 11271025)
Trading as The Little Bears Nursery

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. OTHER FINANCIAL COMMITMENTS

At 31 March 2023, the company had operating lease commitments over the remaining life of those leases totalling £172,500 (2021 - £202,500).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Walter Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Walter Group Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Walter Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Walter Group Limited and state those matters that we have agreed to state to the Board of Directors of The Walter Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Walter Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Walter Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Walter Group Limited. You consider that The Walter Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Walter Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


18 August 2023