ELEPHANT & CASTLE DAY NURSERY LIMITED

Company Registration Number:
06347659 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

ELEPHANT & CASTLE DAY NURSERY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ELEPHANT & CASTLE DAY NURSERY LIMITED

Company Information

for the Period Ended 31 March 2023




Director: MIOARA ISTRATE
Secretary: MIRON ISTRATE
Registered office: 15
Hampton Street
London
SE17 3AN
Company Registration Number: 06347659 (England and Wales)

ELEPHANT & CASTLE DAY NURSERY LIMITED

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

Providing childcare services in greater London for children aged 6 months to 5 years.

Political and charitable donations

There were no political or charitable donations.

Company policy on the employment of disabled persons

The company policy is to employ people whenever practical. One full time manager is registered disable.

Additional information

The Directors provided the company with a Directors Loan of £1,185,157.00 through private funding to buy the land and the nursery premises from Southwark Council in 2011. They continue to support financially the company business with refurbishment and extension of the nursery continuously from 2011 to 2022 by the means of more loans totalling at 31/03/2023 the amount of £1,408,264. The Directors age in 2023 is 70 so they both retired from the business by closing the nursery on 16/12/2022 and making redundant a number of 14 employees out of the 18 existing ones. The Directors and two managers continued to work in maintaining the safety of the premises and searching for different options of selling or leasing the nursery and this change of use will be reflected after 01/04/2023.

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
MIOARA ISTRATE

Secretary
MIRON ISTRATE

This report was approved by the board of directors on 9 November 2023
And Signed On Behalf Of The Board By:

Name: MIOARA ISTRATE
Status: Director

ELEPHANT & CASTLE DAY NURSERY LIMITED

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 254,735 402,231
Income from coronavirus (COVID-19) business support grants 0 8,550
Operating Profit or (Loss) 254,735 410,781
Profit or (Loss) Before Tax 254,735 410,781
Profit or (Loss) for Period 254,735 410,781

The notes form part of these financial statements

ELEPHANT & CASTLE DAY NURSERY LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,379,946 1,383,006
Total fixed assets: 1,379,946 1,383,006
Current assets
Cash at bank and in hand: 3,859 10,324
Total current assets: 3,859 10,324
Creditors: amounts falling due within one year: ( 1,412,123 ) ( 1,317,735 )
Net current assets (liabilities): ( 1,408,264 ) ( 1,307,411 )
Total assets less current liabilities: ( 28,318 ) 75,595
Total net assets (liabilities): ( 28,318 ) 75,595

The notes form part of these financial statements

ELEPHANT & CASTLE DAY NURSERY LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 28,418 ) 75,495
Shareholders funds: ( 28,318 ) 75,595

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 9 November 2023
And Signed On Behalf Of The Board By:

Name: MIOARA ISTRATE
Status: Director

The notes form part of these financial statements

ELEPHANT & CASTLE DAY NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts received for services of childcare from parents (parents fees) and there is not VAT on this service.

ELEPHANT & CASTLE DAY NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 16 18

    The company closed down its childcare services due to pension time of the Directors on 16/12/2022 and a4 of the 18 employees were made redundant/

ELEPHANT & CASTLE DAY NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

ELEPHANT & CASTLE DAY NURSERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 1,392,186
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2023 1,392,186
Depreciation
At 01 April 2022 9,180
Charge for year 3,060
On disposals -
Other adjustments -
At 31 March 2023 12,240
Net book value
At 31 March 2023 1,379,946
At 31 March 2022 1,383,006