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REGISTERED NUMBER: 09774714 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Patterdale Lodge Day Nursery Limited

Patterdale Lodge Day Nursery Limited (Registered number: 09774714)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Patterdale Lodge Day Nursery Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs H P M Wilson
Miss C L Lee





REGISTERED OFFICE: 116 Duke Street Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 09774714 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Patterdale Lodge Day Nursery Limited (Registered number: 09774714)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,439 40,871

CURRENT ASSETS
Debtors 5 53,562 31,469
Cash at bank and in hand 129,108 145,833
182,670 177,302
CREDITORS
Amounts falling due within one year 6 64,751 72,059
NET CURRENT ASSETS 117,919 105,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,358

146,114

PROVISIONS FOR LIABILITIES 6,179 3,123
NET ASSETS 158,179 142,991

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,079 142,891
158,179 142,991

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:



Miss C L Lee - Director


Patterdale Lodge Day Nursery Limited (Registered number: 09774714)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Patterdale Lodge Day Nursery Limited 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration from nursery fees which are exempt from value added tax and are recognised when the fees are receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost, 10% on cost and 10% on reducing balance

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Patterdale Lodge Day Nursery Limited (Registered number: 09774714)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 51,255
Additions 15,922
At 31 May 2023 67,177
DEPRECIATION
At 1 June 2022 10,384
Charge for year 10,354
At 31 May 2023 20,738
NET BOOK VALUE
At 31 May 2023 46,439
At 31 May 2022 40,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 6,761 8,469
Amounts owed by group undertakings 34,204 23,000
Other debtors 12,597 -
53,562 31,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed to group undertakings 16,338 16,338
Taxation and social security 9,772 21,212
Other creditors 38,641 34,509
64,751 72,059

Patterdale Lodge Day Nursery Limited (Registered number: 09774714)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. RELATED PARTY DISCLOSURES

Miss C Lee is also a director of Linden House Holdings Limited.

Included in debtors as at 31st May 2023 is £31,704 (2022 £23,000) owing from Linden House Holdings Limited.

Both Miss C Lee and Mrs H P M Wilson are also directors of Mere House Day Nursery Limited and Linden House Day Nursery Limited.

Included in debtors as at 31st May 2023 is £2,500 owing from Mere House Day Nursery Limited

Included in creditors as at 31st May 2023 is £16,338 (2022 £16,338) owing to Linden House Day Nursery Limited.

These loans are interest free and repayable on demand.