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ADVENTURE FARM DAY NURSERY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2023






ADVENTURE FARM DAY NURSERY LTD (REGISTERED NUMBER: 12446146)






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

Accountants' Report 8

ADVENTURE FARM DAY NURSERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: P R Sharp
T I Robinson
I J Robinson
Mrs S R Elliott





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





REGISTERED NUMBER: 12446146 (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

ADVENTURE FARM DAY NURSERY LTD (REGISTERED NUMBER: 12446146)

BALANCE SHEET
31ST JULY 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,537 4,851
Tangible assets 5 214,611 184,525
217,148 189,376

CURRENT ASSETS
Debtors 6 16,916 3,319
Cash at bank 127,692 18,988
144,608 22,307
CREDITORS
Amounts falling due within one year 7 437,453 358,619
NET CURRENT LIABILITIES (292,845 ) (336,312 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(75,697

)

(146,936

)

CREDITORS
Amounts falling due after more than one
year

8

6,660

-
NET LIABILITIES (82,357 ) (146,936 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (82,457 ) (147,036 )
(82,357 ) (146,936 )

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.

ADVENTURE FARM DAY NURSERY LTD (REGISTERED NUMBER: 12446146)

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 12th February 2024 and were signed on its behalf by:





P R Sharp - Director


ADVENTURE FARM DAY NURSERY LTD (REGISTERED NUMBER: 12446146)

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

1. STATUTORY INFORMATION

Adventure Farm 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as the services are 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.

Website 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.
Improvements to property - straight line over lease term
Nursery equipment - 10% on cost
Equipment - 10% on cost
Computer equipment - 33% 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.


ADVENTURE FARM DAY NURSERY LTD (REGISTERED NUMBER: 12446146)

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.

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 33 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1st August 2022
and 31st July 2023 6,940
AMORTISATION
At 1st August 2022 2,089
Amortisation for year 2,314
At 31st July 2023 4,403
NET BOOK VALUE
At 31st July 2023 2,537
At 31st July 2022 4,851

ADVENTURE FARM DAY NURSERY LTD (REGISTERED NUMBER: 12446146)

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

5. TANGIBLE FIXED ASSETS
Improvements
Short to Nursery
leasehold property equipment
£    £    £   
COST
At 1st August 2022 - 160,966 29,156
Additions 5,139 17,934 3,857
At 31st July 2023 5,139 178,900 33,013
DEPRECIATION
At 1st August 2022 - 9,920 2,437
Charge for year 367 11,602 3,180
At 31st July 2023 367 21,522 5,617
NET BOOK VALUE
At 31st July 2023 4,772 157,378 27,396
At 31st July 2022 - 151,046 26,719

Computer
Equipment equipment Totals
£    £    £   
COST
At 1st August 2022 4,719 3,018 197,859
Additions 20,970 188 48,088
At 31st July 2023 25,689 3,206 245,947
DEPRECIATION
At 1st August 2022 321 656 13,334
Charge for year 2,087 766 18,002
At 31st July 2023 2,408 1,422 31,336
NET BOOK VALUE
At 31st July 2023 23,281 1,784 214,611
At 31st July 2022 4,398 2,362 184,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 7,208 16
Doubtful debt provision (532 ) -
Amounts owed by participating interests 333 333
Other debtors 4,633 2,495
Prepayments and accrued income 5,274 475
16,916 3,319

ADVENTURE FARM DAY NURSERY LTD (REGISTERED NUMBER: 12446146)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Hire purchase contracts (see note 9) 4,234 -
Trade creditors 42,039 100,016
Amounts owed to joint ventures 309,770 204,900
Social security and other taxes 6,523 5,153
Other creditors 1,592 989
Accruals and deferred income 73,295 47,561
437,453 358,619

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Hire purchase contracts (see note 9) 6,660 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
as restated
£    £   
Net obligations repayable:
Within one year 4,234 -
Between one and five years 6,660 -
10,894 -

Non-cancellable operating leases
2023 2022
as restated
£    £   
Within one year 57,000 43,680
Between one and five years 228,000 174,720
In more than five years 456,000 393,120
741,000 611,520

Operating lease commitments relate to rent due on company premises.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ADVENTURE FARM DAY NURSERY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adventure Farm Day Nursery Ltd for the year ended 31st July 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Adventure Farm Day Nursery Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adventure Farm Day Nursery Ltd and state those matters that we have agreed to state to the Board of Directors of Adventure Farm Day Nursery Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adventure Farm Day Nursery Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Adventure Farm Day Nursery Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Adventure Farm Day Nursery Ltd. You consider that Adventure Farm Day Nursery Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Adventure Farm Day Nursery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






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


12th February 2024