Registered number
11687469
Grove Villa Childcare Limited
Filleted Accounts
30 November 2023
Grove Villa Childcare Limited
Registered number: 11687469
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 665,058 75,255
Investments 4 100 -
665,158 75,255
Current assets
Debtors 5 193,432 3,975
Cash at bank and in hand 96,330 120,929
289,762 124,904
Creditors: amounts falling due within one year 6 (129,747) (65,636)
Net current assets 160,015 59,268
Total assets less current liabilities 825,173 134,523
Creditors: amounts falling due after more than one year 7 (648,515) (10,450)
Provisions for liabilities (1,701) (1,807)
Net assets 174,957 122,266
Capital and reserves
Called up share capital 100 100
Profit and loss account 174,857 122,166
Shareholders' funds 174,957 122,266
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Wolstenholme
Director
Approved by the board on 6 February 2024
Grove Villa Childcare Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over 10 years
Fixtures, fittings, tools and equipment over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investment properties are included in the balance sheet at fair value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 7
3 Tangible fixed assets
Leasehold Land and buildings Plant and machinery etc Investment property Total
£ £ £ £
Cost
At 1 December 2022 98,601 10,485 - 109,086
Additions - 2,112 599,250 601,362
At 30 November 2023 98,601 12,597 599,250 710,448
Depreciation
At 1 December 2022 25,557 8,274 - 33,831
Charge for the year 9,860 1,699 - 11,559
At 30 November 2023 35,417 9,973 - 45,390
Net book value
At 30 November 2023 63,184 2,624 599,250 665,058
At 30 November 2022 73,044 2,211 - 75,255
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 100
At 30 November 2023 100
The company's investments at the Balance Sheet date in the share capital of companies include the following:
Abberley House Nursery Limited
Registered Office: Suite 3a Kings Hall, St Ives Business Park, Parsons Green, St Ives, Cambridgeshire, PE27 4WY.
%
Class of shares: Holding
Ordinary 100
5 Debtors 2023 2022
£ £
Trade debtors 2,087 3,975
Other debtors 191,345 -
193,432 3,975
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 16,658 3,800
Taxation and social security costs 57,405 30,819
Other creditors 55,684 31,017
129,747 65,636
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 648,515 10,450
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 654,722 -
The bank loan is secured on the investment property, a first ranking debenture from the company and a personal guarantee from the shareholders.
9 Other information
Grove Villa Childcare Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 3a Kings Hall, St Ives Business Park
Parsons Green
St Ives
Cambridgeshire
PE27 4WY
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