Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseProviding childcare for infants and young children.120108truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03948398 2022-04-01 2023-03-31 03948398 2021-04-01 2022-03-31 03948398 2023-03-31 03948398 2022-03-31 03948398 2021-04-01 03948398 c:Director1 2022-04-01 2023-03-31 03948398 d:Buildings 2022-04-01 2023-03-31 03948398 d:Buildings 2023-03-31 03948398 d:Buildings 2022-03-31 03948398 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03948398 d:Buildings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03948398 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 03948398 d:MotorVehicles 2022-04-01 2023-03-31 03948398 d:MotorVehicles 2023-03-31 03948398 d:MotorVehicles 2022-03-31 03948398 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03948398 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03948398 d:FurnitureFittings 2022-04-01 2023-03-31 03948398 d:FurnitureFittings 2023-03-31 03948398 d:FurnitureFittings 2022-03-31 03948398 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03948398 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03948398 d:OfficeEquipment 2022-04-01 2023-03-31 03948398 d:OfficeEquipment 2023-03-31 03948398 d:OfficeEquipment 2022-03-31 03948398 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03948398 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03948398 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03948398 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03948398 d:Goodwill 2023-03-31 03948398 d:Goodwill 2022-03-31 03948398 d:CurrentFinancialInstruments 2023-03-31 03948398 d:CurrentFinancialInstruments 2022-03-31 03948398 d:Non-currentFinancialInstruments 2023-03-31 03948398 d:Non-currentFinancialInstruments 2022-03-31 03948398 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03948398 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03948398 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03948398 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03948398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03948398 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 03948398 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03948398 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 03948398 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 03948398 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 03948398 d:ShareCapital 2023-03-31 03948398 d:ShareCapital 2022-03-31 03948398 d:RetainedEarningsAccumulatedLosses 2023-03-31 03948398 d:RetainedEarningsAccumulatedLosses 2022-03-31 03948398 c:OrdinaryShareClass1 2022-04-01 2023-03-31 03948398 c:OrdinaryShareClass1 2023-03-31 03948398 c:OrdinaryShareClass2 2022-04-01 2023-03-31 03948398 c:OrdinaryShareClass2 2023-03-31 03948398 c:OrdinaryShareClass3 2022-04-01 2023-03-31 03948398 c:OrdinaryShareClass3 2023-03-31 03948398 c:OrdinaryShareClass4 2022-04-01 2023-03-31 03948398 c:OrdinaryShareClass4 2023-03-31 03948398 c:OrdinaryShareClass5 2022-04-01 2023-03-31 03948398 c:OrdinaryShareClass5 2023-03-31 03948398 c:FRS102 2022-04-01 2023-03-31 03948398 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03948398 c:FullAccounts 2022-04-01 2023-03-31 03948398 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03948398 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03948398 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 03948398 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 03948398 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 03948398 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-03-31 03948398 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-03-31 03948398 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-03-31 03948398 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2022-03-31 03948398 d:LeasedAssetsHeldAsLessee 2023-03-31 03948398 d:LeasedAssetsHeldAsLessee 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03948398









TREEHOUSE NURSERY SCHOOL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
TREEHOUSE NURSERY SCHOOL LIMITED
REGISTERED NUMBER: 03948398

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,636,068
3,774,450

  
3,636,068
3,774,450

Current assets
  

Debtors: amounts falling due within one year
 6 
399,461
349,366

Cash at bank and in hand
 7 
897,735
719,400

  
1,297,196
1,068,766

Creditors: amounts falling due within one year
 8 
(1,993,740)
(1,910,496)

Net current liabilities
  
 
 
(696,544)
 
 
(841,730)

Total assets less current liabilities
  
2,939,524
2,932,720

Creditors: amounts falling due after more than one year
 9 
(915,830)
(994,266)

Provisions for liabilities
  

Deferred tax
 11 
(105,063)
(118,739)

  
 
 
(105,063)
 
 
(118,739)

Net assets
  
1,918,631
1,819,715


Capital and reserves
  

Called up share capital 
 12 
10,000
10,000

Profit and loss account
  
1,908,631
1,809,715

  
1,918,631
1,819,715


Page 1

 
TREEHOUSE NURSERY SCHOOL LIMITED
REGISTERED NUMBER: 03948398
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 February 2024.




M R Sanchez
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
TREEHOUSE NURSERY SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Treehouse Nursery School Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 35 Woodbine Place, Wanstead, London, E11 2RH. The principal activity of the company during the year has been that of providing childcare for infants and young children.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
TREEHOUSE NURSERY SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a combination of the straight line and the reducing balance basis.

Depreciation is provided on the following bases:

Freehold buildings
-
50 years straight line
Leasehold buildings
-
10 years straight line
Motor vehicles
-
15% reducing balance
Fixtures & fittings
-
15% reducing balance
Office equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
TREEHOUSE NURSERY SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 120 (2022 - 108).

Page 5

 
TREEHOUSE NURSERY SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
45,797



At 31 March 2023

45,797



Amortisation


At 1 April 2022
45,797



At 31 March 2023

45,797



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 6

 
TREEHOUSE NURSERY SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Land and buildings
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
3,751,021
47,439
903,022
192,501
4,893,983


Additions
-
-
7,560
-
7,560



At 31 March 2023

3,751,021
47,439
910,582
192,501
4,901,543



Depreciation


At 1 April 2022
529,802
9,636
520,968
59,127
1,119,533


Charge for the year on owned assets
76,655
-
38,058
15,679
130,392


Charge for the year on financed assets
-
5,670
5,553
4,327
15,550



At 31 March 2023

606,457
15,306
564,579
79,133
1,265,475



Net book value



At 31 March 2023
3,144,564
32,133
346,003
113,368
3,636,068



At 31 March 2022
3,221,219
37,803
382,054
133,374
3,774,450

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
32,132
37,803

Furniture, fittings and equipment
31,467
37,019

Office equipment
24,520
28,846

88,119
103,668

Page 7

 
TREEHOUSE NURSERY SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
29,446
25,154

Other debtors
364,264
315,151

Prepayments and accrued income
5,751
9,061

399,461
349,366



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
897,735
719,400

Less: bank overdrafts
(539)
(539)

897,196
718,861



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
539
539

Bank loans
511,724
521,677

Trade creditors
196,529
160,064

Corporation tax
234,516
207,605

Other taxation and social security
37,078
36,231

Obligations under finance lease and hire purchase contracts
12,776
28,114

Other creditors
586,216
535,960

Accruals and deferred income
414,362
420,306

1,993,740
1,910,496


Page 8

 
TREEHOUSE NURSERY SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
915,830
994,266

915,830
994,266


Secured loans
The long-term loans are secured by way of legal charges and debenture over the company's assets and property owned by the director.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
511,724
521,677

Amounts falling due 1-2 years

Bank loans
88,246
85,961

Amounts falling due 2-5 years

Bank loans
295,465
282,544

Amounts falling due after more than 5 years

Bank loans
532,119
625,761

1,427,554
1,515,943


Page 9

 
TREEHOUSE NURSERY SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Deferred taxation




2023
2022


£

£






At beginning of year
(118,739)
(88,060)


Charged to profit or loss
13,676
(30,679)



At end of year
(105,063)
(118,739)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(105,063)
(118,739)

(105,063)
(118,739)


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



6,800 Ordinary £1 shares of £1.00 each
6,800
6,800
800 Ordinary B £1 shares of £1.00 each
800
800
800 Ordinary C £1 shares of £1.00 each
800
800
800 Ordinary D £1 shares of £1.00 each
800
800
800 Ordinary E £1 shares of £1.00 each
800
800

10,000

10,000


Page 10

 
TREEHOUSE NURSERY SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


13.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £98,159 (2022: £61,802). Contributions totalling £6,031 (2022: £6,031) were payable to the fund at the balance sheet date. 


14.


Transactions with directors

At the year end the company is owed from the director £251,031 (2021: £164,758). This amount is included within other debtors due within one year. The balance at 31 March 2023 was maximum balance owed during the year. The balance was cleared by dividend after the year end.  

 
Page 11