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REGISTERED NUMBER: 07441333 (England and Wales)















Financial Statements for the Year Ended 20 December 2022

for

Top Class Nursery Holdings Limited

Top Class Nursery Holdings Limited (Registered number: 07441333)






Contents of the Financial Statements
for the Year Ended 20 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Top Class Nursery Holdings Limited

Company Information
for the Year Ended 20 December 2022







DIRECTORS: Mrs E Ludden
T Ludden
Miss K H Ludden





REGISTERED OFFICE: Dukes and Duchesses Private Day Nursery
Dukes Terrace
Duke Street
Liverpool
Merseyside
L1 4JS





REGISTERED NUMBER: 07441333 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Top Class Nursery Holdings Limited (Registered number: 07441333)

Balance Sheet
20 December 2022

20.12.22 20.12.21
Notes £    £    £    £   
FIXED ASSETS
Investments 4 960,000 960,000
Investment property 5 1,000,000 1,000,000
1,960,000 1,960,000

CURRENT ASSETS
Debtors 6 588,986 432,657
Cash at bank 149,727 155,327
738,713 587,984
CREDITORS
Amounts falling due within one year 7 202,611 211,157
NET CURRENT ASSETS 536,102 376,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,496,102

2,336,827

CREDITORS
Amounts falling due after more than one
year

8

(434,055

)

(478,746

)

PROVISIONS FOR LIABILITIES (264,852 ) (264,852 )
NET ASSETS 1,797,195 1,593,229

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,797,095 1,593,129
SHAREHOLDERS' FUNDS 1,797,195 1,593,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 20 December 2022 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.

Top Class Nursery Holdings Limited (Registered number: 07441333)

Balance Sheet - continued
20 December 2022


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 1 November 2023 and were signed on its behalf by:





T Ludden - Director


Top Class Nursery Holdings Limited (Registered number: 07441333)

Notes to the Financial Statements
for the Year Ended 20 December 2022

1. STATUTORY INFORMATION

Top Class Nursery Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on net rental income, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised as the rents become due.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
The investment property is measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise.

Deferred tax is charged to the profit and loss if the fair value of investment properties is higher than cost.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Top Class Nursery Holdings Limited (Registered number: 07441333)

Notes to the Financial Statements - continued
for the Year Ended 20 December 2022

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 21 December 2021
and 20 December 2022 960,000
NET BOOK VALUE
At 20 December 2022 960,000
At 20 December 2021 960,000

Cost or valuation at 20 December 2022 is represented by:

Shares in
group
undertakings
£   
Valuation in 2016 870,000
Cost 90,000
960,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 21 December 2021
and 20 December 2022 1,000,000
NET BOOK VALUE
At 20 December 2022 1,000,000
At 20 December 2021 1,000,000

Top Class Nursery Holdings Limited (Registered number: 07441333)

Notes to the Financial Statements - continued
for the Year Ended 20 December 2022

5. INVESTMENT PROPERTY - continued

Fair value at 20 December 2022 is represented by:
£   
Valuation in 2016 454,261
Cost 545,739
1,000,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.12.22 20.12.21
£    £   
Amounts owed by associates 12,017 5,307
Other debtors 576,969 427,350
588,986 432,657

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.12.22 20.12.21
£    £   
Bank loans and overdrafts 28,882 15,217
Amounts owed to group undertakings 123,023 142,427
Taxation and social security 48,205 50,614
Other creditors 2,501 2,899
202,611 211,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
20.12.22 20.12.21
£    £   
Bank loans 434,055 478,746

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 302,983 414,395

9. SECURED DEBTS

The following secured debts are included within creditors:

20.12.22 20.12.21
£    £   
Bank loans 452,188 480,213

A fixed charge over the assets of the company is held by Assetz Capital Trust Company Limited.

Top Class Nursery Holdings Limited (Registered number: 07441333)

Notes to the Financial Statements - continued
for the Year Ended 20 December 2022

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate a current account to which transactions of a private nature are posted. As at the year end an amount of £396,508 (2021 £318,765) and £75,944, (2021 £57,462) was included in other debtors, in respect of Mrs E Ludden and Mr T Ludden.

Interest has been charged at 2%.

11. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £123,023, (2021 £142,427) owed to Top Class Day Nursery Limited, a company under the control of Mrs E Ludden.

Included within other debtors is an amount of £8,517, (2021 £2,307), owing from APFS Limited, a company under the control of Mr T Ludden.

Included within other debtors is an amount of £3,500, (2021 £3,000), owing from 44 Olive Lane Management Company Limited, a company under the control of Mr T Ludden.

All loans are interest free and repayable on demand.