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RAND FARM PARK DAY NURSERY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2023






RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAND FARM PARK DAY NURSERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: P R Sharp
R J Waring
J R Waring
Mrs S R Elliott





REGISTERED OFFICE: C/O Thrift Farm
Buckingham Road
Whaddon
Milton Keynes
Buckinghamshire
MK17 0EQ





REGISTERED NUMBER: 11540437 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

BALANCE SHEET
31ST JULY 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 199,776 99,192
199,776 99,192

CURRENT ASSETS
Debtors 6 31,573 47,582
Cash at bank 79,220 20,568
110,793 68,150
CREDITORS
Amounts falling due within one year 7 389,496 264,192
NET CURRENT LIABILITIES (278,703 ) (196,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(78,927

)

(96,850

)

CREDITORS
Amounts falling due after more than one
year

8

(22,482

)

(32,455

)

PROVISIONS FOR LIABILITIES (3,970 ) (3,815 )
NET LIABILITIES (105,379 ) (133,120 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (105,479 ) (133,220 )
(105,379 ) (133,120 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

BALANCE SHEET - continued
31ST JULY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th February 2024 and were signed on its behalf by:





P R Sharp - Director


RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Rand Farm Park Day Nursery Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts derived from the provision of nursery care and services provided.

Any income received in advance is deferred and included in current liabilities.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over lease term
Nursery Equipment - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

The directors policy is to only capitalise assets costing £500 or more in value. Items below this value
are treated as revenue expenditure.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st August 2022
and 31st July 2023 8,316
AMORTISATION
At 1st August 2022
and 31st July 2023 8,316
NET BOOK VALUE
At 31st July 2023 -
At 31st July 2022 -

RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short Nursery and Computer
leasehold Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1st August 2022 96,877 7,963 28,026 1,598 134,464
Additions 119,204 644 - 1,585 121,433
At 31st July 2023 216,081 8,607 28,026 3,183 255,897
DEPRECIATION
At 1st August 2022 17,794 814 16,648 16 35,272
Charge for year 13,039 1,673 5,604 533 20,849
At 31st July 2023 30,833 2,487 22,252 549 56,121
NET BOOK VALUE
At 31st July 2023 185,248 6,120 5,774 2,634 199,776
At 31st July 2022 79,083 7,149 11,378 1,582 99,192

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 17,315 46,357
Amounts owed by participating interests 700 700
Other debtors 2,751 50
Prepayments and accrued income 10,807 475
31,573 47,582

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 9,973 9,727
Other loans - Rollers UK Ltd - 56,507
Trade creditors 43,400 84,009
Amounts owed to participating interests 343 333
Amounts owed to joint ventures 248,253 41,480
Social security and other taxes 3,378 7,646
Other creditors 2,975 1,615
Directors' current accounts 7,101 7,101
Accruals and deferred income 74,073 55,774
389,496 264,192

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 22,482 32,455

RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 50,061 50,061
Between one and five years 200,246 200,246
In more than five years 304,541 354,602
554,848 604,909

10. RELATED PARTY DISCLOSURES

Included within creditors falling due within one year are the following amounts due to the joint venture investors and their related parties:

2023 2022
£ £
Rollers UK Limited - 56,507
Farm Day Nurseries Limited 147,773 -
Wartton Limited 100,480 41,480

These loans are currently free of interest.