Silverfin false 30/11/2022 01/12/2021 30/11/2022 Mrs A E Rowcliffe 05/12/2006 Mrs A R Williams 05/12/2006 10 October 2023 The principal activity of the Company during the financial year was running day care nurseries for children. 06002939 2022-11-30 06002939 bus:Director1 2022-11-30 06002939 bus:Director2 2022-11-30 06002939 2021-11-30 06002939 core:CurrentFinancialInstruments 2022-11-30 06002939 core:CurrentFinancialInstruments 2021-11-30 06002939 core:Non-currentFinancialInstruments 2022-11-30 06002939 core:Non-currentFinancialInstruments 2021-11-30 06002939 core:ShareCapital 2022-11-30 06002939 core:ShareCapital 2021-11-30 06002939 core:RetainedEarningsAccumulatedLosses 2022-11-30 06002939 core:RetainedEarningsAccumulatedLosses 2021-11-30 06002939 core:LandBuildings 2021-11-30 06002939 core:PlantMachinery 2021-11-30 06002939 core:Vehicles 2021-11-30 06002939 core:FurnitureFittings 2021-11-30 06002939 core:OfficeEquipment 2021-11-30 06002939 core:LandBuildings 2022-11-30 06002939 core:PlantMachinery 2022-11-30 06002939 core:Vehicles 2022-11-30 06002939 core:FurnitureFittings 2022-11-30 06002939 core:OfficeEquipment 2022-11-30 06002939 core:MoreThanFiveYears 2022-11-30 06002939 core:MoreThanFiveYears 2021-11-30 06002939 bus:OrdinaryShareClass1 2022-11-30 06002939 2021-12-01 2022-11-30 06002939 bus:FullAccounts 2021-12-01 2022-11-30 06002939 bus:SmallEntities 2021-12-01 2022-11-30 06002939 bus:AuditExemptWithAccountantsReport 2021-12-01 2022-11-30 06002939 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 06002939 bus:Director1 2021-12-01 2022-11-30 06002939 bus:Director2 2021-12-01 2022-11-30 06002939 core:LandBuildings core:TopRangeValue 2021-12-01 2022-11-30 06002939 core:PlantMachinery 2021-12-01 2022-11-30 06002939 core:Vehicles 2021-12-01 2022-11-30 06002939 core:FurnitureFittings 2021-12-01 2022-11-30 06002939 core:OfficeEquipment core:TopRangeValue 2021-12-01 2022-11-30 06002939 2020-12-01 2021-11-30 06002939 core:LandBuildings 2021-12-01 2022-11-30 06002939 core:OfficeEquipment 2021-12-01 2022-11-30 06002939 core:CurrentFinancialInstruments 2021-12-01 2022-11-30 06002939 core:Non-currentFinancialInstruments 2021-12-01 2022-11-30 06002939 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 06002939 bus:OrdinaryShareClass1 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06002939 (England and Wales)

OTTERTOTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2022
Pages for filing with the registrar

OTTERTOTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2022

Contents

OTTERTOTS LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2022
OTTERTOTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2022
DIRECTORS Mrs A E Rowcliffe
Mrs A R Williams
SECRETARY Mrs A E Rowcliffe
REGISTERED OFFICE East Hill
Ottery St Mary
EX11 1QH
United Kingdom
COMPANY NUMBER 06002939 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
OTTERTOTS LIMITED

BALANCE SHEET

As at 30 November 2022
OTTERTOTS LIMITED

BALANCE SHEET (continued)

As at 30 November 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 1,955,747 1,927,887
1,955,747 1,927,887
Current assets
Stocks 1,628 1,480
Debtors 4 216,763 247,222
Cash at bank and in hand 160,776 207,427
379,167 456,129
Creditors: amounts falling due within one year 5 ( 267,154) ( 295,250)
Net current assets 112,013 160,879
Total assets less current liabilities 2,067,760 2,088,766
Creditors: amounts falling due after more than one year 6 ( 439,910) ( 522,151)
Provision for liabilities ( 42,800) ( 44,500)
Net assets 1,585,050 1,522,115
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 1,585,048 1,522,113
Total shareholders' funds 1,585,050 1,522,115

For the financial year ending 30 November 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ottertots Limited (registered number: 06002939) were approved and authorised for issue by the Board of Directors on 10 October 2023. They were signed on its behalf by:

Mrs A R Williams
Director
OTTERTOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2022
OTTERTOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ottertots Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is East Hill, Ottery St Mary, EX11 1QH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

There are no material departures from FRS 102.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 25 % reducing balance
Vehicles 20 % reducing balance
Fixtures and fittings 20 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

During the year, the company received cash grant of £6,399 (2021 - £62,034) under the Coronavirus Job Retention Scheme.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 80 80

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 December 2021 1,989,879 297,750 50,405 66,761 10,763 2,415,558
Additions 0 39,855 67,699 0 0 107,554
Disposals 0 ( 360) ( 36,058) 0 0 ( 36,418)
At 30 November 2022 1,989,879 337,245 82,046 66,761 10,763 2,486,694
Accumulated depreciation
At 01 December 2021 170,773 230,261 31,421 46,018 9,198 487,671
Charge for the financial year 24,349 26,773 15,824 4,144 772 71,862
Disposals 0 ( 90) ( 28,496) 0 0 ( 28,586)
At 30 November 2022 195,122 256,944 18,749 50,162 9,970 530,947
Net book value
At 30 November 2022 1,794,757 80,301 63,297 16,599 793 1,955,747
At 30 November 2021 1,819,106 67,489 18,984 20,743 1,565 1,927,887

4. Debtors

2022 2021
£ £
Amounts owed by directors 136,849 206,293
Prepayments 18,739 9,128
Other debtors 61,175 31,801
216,763 247,222

5. Creditors: amounts falling due within one year

2022 2021
£ £
Bank loans 84,778 81,423
Trade creditors 0 6,349
Other loans 0 26,426
Accruals 10,421 10,160
Taxation and social security 168,843 169,494
Other creditors 3,112 1,398
267,154 295,250

Included in the total bank borrowings due within one year at the period end is £84,778 (2021 - £81,423) on which the following security has been provided:

A legal charge over the company freehold property.

An unlimited company debenture.

6. Creditors: amounts falling due after more than one year

2022 2021
£ £
Bank loans 439,910 522,151

Included in the total bank borrowings due after more than one year at the period end is £439,910 (2021 - £522,151) on which the following security has been provided:

A legal charge over the company freehold property.

An unlimited company debenture.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2022 2021
£ £
Bank loans 95,208 179,323

7. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

8. Related party transactions

Transactions with the entity's directors

2022 2021
£ £
Balance owed by Director 1 103,897 145,911
Balance owed by Director 2 32,952 60,382

During the year, £32,447 (2021: £97,575) was advanced to Director 1 and £74,461 (2021: £777) was repaid.

During the year £46,024 (2021: £60,382) was advanced to Director 2 and £73,454 (2021: £Nil) was repaid.

The maximum overdrawn balances in the year were: -

Director 1 - £152,892
Director 2 - £60,382

Loans to directors are repayable on demand and interest is charged at 2.0%.