26 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 10391701 2023-01-01 2023-12-31 10391701 2023-12-31 10391701 2022-12-31 10391701 2022-01-01 2022-12-31 10391701 2022-12-31 10391701 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10391701 core:FurnitureFittings 2023-01-01 2023-12-31 10391701 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10391701 bus:Director1 2023-01-01 2023-12-31 10391701 core:WithinOneYear 2023-12-31 10391701 core:WithinOneYear 2022-12-31 10391701 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 10391701 core:FurnitureFittings 2022-12-31 10391701 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 10391701 core:FurnitureFittings 2023-12-31 10391701 core:AfterOneYear 2023-12-31 10391701 core:AfterOneYear 2022-12-31 10391701 core:ShareCapital 2023-12-31 10391701 core:ShareCapital 2022-12-31 10391701 core:RetainedEarningsAccumulatedLosses 2023-12-31 10391701 core:RetainedEarningsAccumulatedLosses 2022-12-31 10391701 core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10391701 core:AcceleratedTaxDepreciationDeferredTax 2022-12-31 10391701 core:TaxLossesCarry-forwardsDeferredTax 2022-12-31 10391701 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 10391701 core:FurnitureFittings 2022-12-31 10391701 bus:SmallEntities 2023-01-01 2023-12-31 10391701 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10391701 bus:FullAccounts 2023-01-01 2023-12-31 10391701 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10391701 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10391701 bus:OrdinaryShareClass1 2023-12-31 10391701 bus:OrdinaryShareClass1 2022-12-31 10391701 core:ComputerEquipment 2023-01-01 2023-12-31 10391701 core:ComputerEquipment 2022-12-31 10391701 core:ComputerEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 10391701
HOLLY HOUSE NURSERY DONCASTER LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
HOLLY HOUSE NURSERY DONCASTER LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Contents
Page
Balance sheet 1
Notes to the financial statements 2
HOLLY HOUSE NURSERY DONCASTER LIMITED
BALANCE SHEET
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
850,781
862,160
Current assets
Debtors
6
1,714
12,203
Cash at bank and in hand
73,160
73,309
------------
------------
74,874
85,512
Creditors: amounts falling due within one year
7
( 410,531)
( 586,056)
------------
------------
Net current liabilities
( 335,657)
( 500,544)
------------
------------
Total assets less current liabilities
515,124
361,616
Creditors: amounts falling due after more than one year
8
( 367,992)
( 387,369)
Provisions
( 30,669)
------------
------------
Net assets/(liabilities)
116,463
( 25,753)
------------
------------
Capital and reserves
Called up share capital
10
1
1
Profit and loss account
116,462
( 25,754)
------------
------------
Shareholders funds/(deficit)
116,463
( 25,753)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 March 2024 , and are signed on behalf of the board by:
J Woodhead
Director
Company registration number: 10391701
HOLLY HOUSE NURSERY DONCASTER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Scrooby Road, Bircotes, Doncaster, DN11 8AE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Fixtures and fittings
-
15% reducing balance
Equipment
-
33% straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 26 (2022: 16 ).
5. Tangible assets
Freehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 January 2023
830,659
51,157
3,804
885,620
Additions
1,380
9,539
2,431
13,350
Disposals
( 2,048)
( 2,048)
------------
------------
------------
------------
At 31 December 2023
832,039
58,648
6,235
896,922
------------
------------
------------
------------
Depreciation
At 1 January 2023
14,795
7,363
1,302
23,460
Charge for the year
15,141
6,771
1,325
23,237
Disposals
( 556)
( 556)
------------
------------
------------
------------
At 31 December 2023
29,936
13,578
2,627
46,141
------------
------------
------------
------------
Carrying amount
At 31 December 2023
802,103
45,070
3,608
850,781
------------
------------
------------
------------
At 31 December 2022
815,864
43,794
2,502
862,160
------------
------------
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
1,522
1,723
Deferred tax asset
10,303
Prepayments and accrued income
192
177
------------
------------
1,714
12,203
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
17,411
8,059
Trade creditors
1,020
Accruals and deferred income
11,067
32,721
Corporation tax
1,540
Social security and other taxes
6,681
3,578
Directors' loan account
372,820
539,951
Other creditors
1,012
727
------------
------------
410,531
586,056
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
367,992
387,369
------------
------------
Included within creditors: amounts falling due after more than one year is an amount of £324,347 (2022: £349,410) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
9. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in debtors (note 6)
10,303
Included in provisions
( 30,669)
------------
------------
( 30,669)
10,303
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
30,669
21,546
Unused tax losses
( 31,849)
------------
------------
30,669
(10,303)
------------
------------
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 0.01 each
100
1
100
1
------------
------------
------------
------------
11. Related party transactions
The directors' loan account in the amount of £372,820 (2022: £539,951) included in creditors is unsecured, interest free and repayable on demand. The company is controlled by the directors.