Registered number
04434439
North Harrow Nursery Limited
Filleted Accounts
31 March 2023
North Harrow Nursery Limited
Registered number: 04434439
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 11,000
Tangible assets 4 2,041,941 2,052,688
2,041,941 2,063,688
Current assets
Debtors 5 7,517 3,666
Cash at bank and in hand 647,624 610,761
655,141 614,427
Creditors: amounts falling due within one year 6 (342,740) (300,824)
Net current assets 312,401 313,603
Total assets less current liabilities 2,354,342 2,377,291
Creditors: amounts falling due after more than one year 7 (952,171) (1,061,426)
Provisions for liabilities (4,078) (7,436)
Net assets 1,398,093 1,308,429
Capital and reserves
Called up share capital 340 340
Share premium 159,680 159,680
Profit and loss account 1,238,073 1,148,409
Shareholders' funds 1,398,093 1,308,429
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.
M H Kanji
Director
Approved by the board on 4 October 2023
North Harrow Nursery Limited
Notes to the Accounts
for the year ended 31 March 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).

The accounts are presented in Sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned in respect of nursery services. 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.
Government grants
Grants are accounted under the accruals model as permitted by FRS 102. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the profit and loss account in the same period as the related expenditure
Intangible fixed assets
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life.
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:
Freehold buildings 1% Straight line
Plant and machinery 20% 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.
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.
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.
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.
Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
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.
Financial instruments
The Company only enters into basic financial instruments 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.
Dividends
Equity dividends are recognised when they become legally payable.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 41 46
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 220,000
At 31 March 2023 220,000
Amortisation
At 1 April 2022 209,000
Provided during the year 11,000
At 31 March 2023 220,000
Net book value
At 31 March 2023 -
At 31 March 2022 11,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 2,100,950 161,804 2,262,754
Additions - 4,170 4,170
At 31 March 2023 2,100,950 165,974 2,266,924
Depreciation
At 1 April 2022 66,059 144,007 210,066
Charge for the year 11,010 3,907 14,917
At 31 March 2023 77,069 147,914 224,983
Net book value
At 31 March 2023 2,023,881 18,060 2,041,941
At 31 March 2022 2,034,891 17,797 2,052,688
Freehold land and buildings: 2023 2022
£ £
Historical cost 2,100,950 2,100,950
Cumulative depreciation based on historical cost (77,069) (66,059)
2,178,019 2,167,009
5 Debtors 2023 2022
£ £
Trade debtors - 900
Other debtors - 30
Prepayments and accrued income 7,517 2,736
7,517 3,666
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 110,632 110,632
Trade creditors 4,819 1,762
Taxation and social security costs 155,758 141,283
Other creditors 21,190 24,377
Accruals and deferred income 50,341 22,770
342,740 300,824
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 952,171 1,061,426
8 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 482,139 591,394
Secured bank loans 1,062,803 1,172,058
The above represents a loan which are secured on the property of the company by a 1st charge over freehold premises at 42-44 Gloucester Road, North Harrow, Middlesex, HA1 4PW and a debenture from North Harrow Nursery Ltd.
9 Share capital Nominal 2023 2023 2022
value Number £ £
£1.00 each 340 340 340
10 Share premium 2023 2022
£ £
At 1 April 2022 159,680 159,680
At 31 March 2023 159,680 159,680
11 Pension commitments
The company operates a defined contributions 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 £15,348 (2022 - £13,055). Contributions totalling £3,576 (2022 - £2,906) were payable to the fund at the reporting date and are included in other creditors.
12 Controlling party
In the opinion of the directors, there is no one controlling party.
13 Other information
North Harrow Nursery Limited is a private company limited by shares and incorporated in England. Its registered office is:
38 Station Road
North Harrow
Middlesex
HA2 7SE
The principal place of business is:
42-44 Gloucester Road
North Harrow
Middlesex
HA1 4PW
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