Company registration number 11217111 (England and Wales)
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
COMPANY INFORMATION
Director
Mrs P Sandhu-Knott
Company number
11217111
Registered office
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
Accountants
Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
BALANCE SHEET
AS AT 30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
39,990
68,218
Tangible assets
4
15,051
16,698
55,041
84,916
Current assets
Debtors
5
13,682
17,478
Cash at bank and in hand
53,777
62,276
67,459
79,754
Creditors: amounts falling due within one year
6
(47,279)
(74,001)
Net current assets
20,180
5,753
Total assets less current liabilities
75,221
90,669
Creditors: amounts falling due after more than one year
7
(75,000)
(105,753)
Provisions for liabilities
(2,771)
(1,369)
Net liabilities
(2,550)
(16,453)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(2,650)
(16,553)
Total equity
(2,550)
(16,453)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023
30 April 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 16 November 2023
Mrs P Sandhu-Knott
Director
Company Registration No. 11217111
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
1
Accounting policies
Company information

Honey Pot House Day Nursery (Knowle) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, United Kingdom, B44 8LS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a 'going concern basis', which places reliance on the continued support of the company's parent company. The director has received assurances that this support will continue to be provided, and that the parent company will not seek repayment of the amount due to them until such time as the company is able to do so without detriment to its ability to meet its liabilities to external creditors as and when they fall due. No provision has been made for the difference between asset values appearing in the balance sheet and their realisable values should the company be wound up, nor for any costs of liquidation.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

1.4
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% on straight line
Fixtures and fittings
15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.8
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 will be met and the grants will be received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
10
10
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2022 and 30 April 2023
141,140
Amortisation and impairment
At 1 May 2022
72,922
Amortisation charged for the year
28,228
At 30 April 2023
101,150
Carrying amount
At 30 April 2023
39,990
At 30 April 2022
68,218
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 5 -
4
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2022
6,187
17,667
23,854
Additions
-
0
859
859
At 30 April 2023
6,187
18,526
24,713
Depreciation and impairment
At 1 May 2022
1,600
5,556
7,156
Depreciation charged in the year
619
1,887
2,506
At 30 April 2023
2,219
7,443
9,662
Carrying amount
At 30 April 2023
3,968
11,083
15,051
At 30 April 2022
4,587
12,111
16,698
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5,576
4,577
Other debtors
8,106
12,901
13,682
17,478
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
-
0
10,080
Trade creditors
600
14,251
Amounts owed to group undertakings
23,667
23,667
Taxation and social security
10,840
18,807
Other creditors
12,172
7,196
47,279
74,001

The bank loan is underwritten by the Government under the Bounce Back Loan Scheme.

HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
-
0
30,753
Amounts owed to group undertakings
75,000
75,000
75,000
105,753

The bank loan is underwritten by the Government under the Bounce Back Loan Scheme.

8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
Within one year
39,996
39,996
Between two and five years
159,984
159,984
In over five years
56,661
96,657
256,641
296,637
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