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REGISTERED NUMBER: 05715171 (England and Wales)










Financial Statements

for the Year Ended

31 March 2023

for

Chessgrove Park Day Nursery Limited

Chessgrove Park Day Nursery Limited (Registered number: 05715171)






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


Chessgrove Park Day Nursery Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs G Keenan





REGISTERED OFFICE: Bellway House
7 Worcester Road
Bromsgrove
Worcester
Worcstershire
B61 7DL





REGISTERED NUMBER: 05715171 (England and Wales)





ACCOUNTANTS: Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Chessgrove Park Day Nursery Limited (Registered number: 05715171)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 174,098 196,657
174,098 196,657

CURRENT ASSETS
Stocks 6 110 110
Debtors 7 457,271 537,038
Cash at bank and in hand 37,590 54,059
494,971 591,207
CREDITORS
Amounts falling due within one year 8 210,691 252,613
NET CURRENT ASSETS 284,280 338,594
TOTAL ASSETS LESS CURRENT LIABILITIES 458,378 535,251

CREDITORS
Amounts falling due after more than one year 9 (130,000 ) (193,250 )

PROVISIONS FOR LIABILITIES 10 (29,523 ) (34,804 )
NET ASSETS 298,855 307,197

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 298,854 307,196
SHAREHOLDERS' FUNDS 298,855 307,197

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 director acknowledges her 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.

Chessgrove Park Day Nursery Limited (Registered number: 05715171)

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 director and authorised for issue on 7 November 2023 and were signed by:





Mrs G Keenan - Director


Chessgrove Park Day Nursery Limited (Registered number: 05715171)

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

1. STATUTORY INFORMATION

Chessgrove Park Day Nursery 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvement - 10% straight line
Fixtures & Fittings - 25% on reducing balance
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Chessgrove Park Day Nursery Limited (Registered number: 05715171)

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 51 (2022 - 50 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1,793
AMORTISATION
At 1 April 2022
and 31 March 2023 1,793
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 23,685 537,009 42,887 603,581
Additions - 35,537 - 35,537
At 31 March 2023 23,685 572,546 42,887 639,118
DEPRECIATION
At 1 April 2022 20,602 343,435 42,887 406,924
Charge for year 2,368 55,728 - 58,096
At 31 March 2023 22,970 399,163 42,887 465,020
NET BOOK VALUE
At 31 March 2023 715 173,383 - 174,098
At 31 March 2022 3,083 193,574 - 196,657

6. STOCKS
2023 2022
£    £   
Stocks 110 110

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,048 5,593
Other debtors 442,973 497,057
Directors' current accounts - 26,138
Prepayments 8,250 8,250
457,271 537,038

Chessgrove Park Day Nursery Limited (Registered number: 05715171)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 63,250 57,000
Trade creditors 41,816 62,042
Tax 7,087 2,943
Social security and other taxes 10,622 14,160
Other creditors 68,409 61,064
Directors' current accounts 2 -
Accruals and deferred income 19,505 55,404
210,691 252,613

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-5 years 130,000 193,250

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 29,523 34,804

Deferred
tax
£   
Balance at 1 April 2022 34,804
Provided during year (5,281 )
Balance at 31 March 2023 29,523

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company paid dividends of £20,000 (2022:£40,000) in the year.

At the year end the director was owed £2 (2022:£(26138)) The loan in the prior year was repaid in full by 30th November 2022.

During the year the company was repaid by School House Private Day Nursery Ltd, a company in which Mrs G Keenan is a director and shareholder. At the year end the company was owed £nil (2022:£34,084).

During the year the company recharged £nil to Woodland House Private Day Nursery Ltd, a company in which Mrs G Keenan is a director and shareholder. At the year end the company owed £49,351(2022:£49,351).

During the year the company was repaid £20,000 by Tudor Hall Private Day Nursery, a company in which Mrs G Keenan is a director and shareholder. At the year end the company was owed £442,973 (2022:£462,973)

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs G Keenan.