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REGISTERED NUMBER: 11245713 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ANGELS CHILDCARE OF LONDON LIMITED

ANGELS CHILDCARE OF LONDON LIMITED (REGISTERED NUMBER: 11245713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ANGELS CHILDCARE OF LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Ms M L Davison
M P M King





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 11245713 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

ANGELS CHILDCARE OF LONDON LIMITED (REGISTERED NUMBER: 11245713)

BALANCE SHEET
31 MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,121 250,926

CURRENT ASSETS
Debtors 5 418,991 289,334
Cash at bank 7,316 26,115
426,307 315,449
CREDITORS
Amounts falling due within one year 6 863,913 563,118
NET CURRENT LIABILITIES (437,606 ) (247,669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(219,485

)

3,257

CREDITORS
Amounts falling due after more than one
year

7

8,361

32,889
NET LIABILITIES (227,846 ) (29,632 )

CAPITAL AND RESERVES
Called up share capital 10 453,500 453,500
Retained earnings (681,346 ) (483,132 )
SHAREHOLDERS' FUNDS (227,846 ) (29,632 )

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

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

ANGELS CHILDCARE OF LONDON LIMITED (REGISTERED NUMBER: 11245713)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:




M P M King - Director



Ms M L Davison - Director


ANGELS CHILDCARE OF LONDON LIMITED (REGISTERED NUMBER: 11245713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Angels Childcare of London 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 company trades from its leased property in Hackney, London.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, from the company's trading activities as a children's nursery.

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 10 years
Fixtures and fittings - Straight line over 10 years

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 263,172 64,887 328,059
DEPRECIATION
At 1 April 2022 61,335 15,798 77,133
Charge for year 26,317 6,488 32,805
At 31 March 2023 87,652 22,286 109,938
NET BOOK VALUE
At 31 March 2023 175,520 42,601 218,121
At 31 March 2022 201,837 49,089 250,926

ANGELS CHILDCARE OF LONDON LIMITED (REGISTERED NUMBER: 11245713)

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

5. DEBTORS
2023 2022
as restated
£    £   
Amounts falling due within one year:
Trade debtors 61,325 -
Other debtors 293,586 225,254
354,911 225,254

Amounts falling due after more than one year:
Other debtors 64,080 64,080

Aggregate amounts 418,991 289,334

Other debtors, above, includes £104,303 of unpaid share capital (2022 - £104,303) - please see note 12 for further details.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts - 18,123
Trade creditors 186,979 8,894
Taxation and social security 323,098 236,079
Other creditors 353,836 300,022
863,913 563,118

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans - 6,359
Other creditors 8,361 26,530
8,361 32,889

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 129,660 155,269
Between one and five years 512,640 529,371
In more than five years 384,480 512,640
1,026,780 1,197,280

ANGELS CHILDCARE OF LONDON LIMITED (REGISTERED NUMBER: 11245713)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans - 24,482
Other loans 26,361 44,377
26,361 68,859

The bank loans are secured against the residential properties of the directors and a close family relative of the directors.

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: as
restated
£    £   
453,500 Share capital 1 1 453,500 453,500

When the company issued further shares on 21 May 2019, it did so for 453,500 £1 shares issued at par. This did not properly reflect the intentions of the shareholders at that time as the existing shareholders would have been required to contribute a further £104,303 of capital (in order to maintain their rights). They were never intended to, nor did they do so.

This error came to light during the preparation of the year ended 31 March 2020 accounts. The company's shareholders have all indicated they would be happy for the shares to be addressed via a subsequent, retrospective, Deed of Rectification (which would re-instate the company's capital as it should always have been) although the matter remains ongoing.

Particularly, the company was intended to have issued 98 £1 shares, 77 of which were to be issued for a £349,118 premium.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
as restated
£    £   
M P M King and Ms M L Davison
Balance outstanding at start of year 90,278 87,368
Amounts advanced 66,581 81,269
Amounts repaid (44,964 ) (78,359 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 111,895 90,278

Interest is being charged on these loans at a rate of 2% (2022 - 2%).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ANGELS CHILDCARE OF LONDON LIMITED

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 Income Statement 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 Angels Childcare of London Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet 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 Angels Childcare of London Limited, 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 Angels Childcare of London Limited and state those matters that we have agreed to state to the Board of Directors of Angels Childcare of London Limited, 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 Angels Childcare of London Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Angels Childcare of London Limited 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 loss of Angels Childcare of London Limited. You consider that Angels Childcare of London Limited 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 Angels Childcare of London Limited. 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.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


20 March 2024