Company registration number 07576927 (England and Wales)
CHILDREN 1ST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
CHILDREN 1ST LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
CHILDREN 1ST LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2023
- 1 -
The directors present their annual report and financial statements for the year ended 31 July 2023.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Hugh Mason
Margaret Mason OBE
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Margaret Mason OBE
Director
8 April 2024
CHILDREN 1ST LIMITED
BALANCE SHEET
AS AT 31 JULY 2023
31 July 2023
- 2 -
2023
2022
Notes
£
£
£
£
Capital and reserves
Called up share capital
3
1,390,001
1,390,001
Profit and loss reserves
(1,390,001)
(1,390,001)
Total equity
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 8 April 2024 and are signed on its behalf by:
Margaret Mason OBE
Director
Company Registration No. 07576927
CHILDREN 1ST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information
Children 1st Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mayfield House, 1 Nottingham Road, Long Eaton, Nottingham, Nottinghamshire, NG10 1HQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Share capital
2023
2022
£
£
Allotted, called up and fully paid
1,390,001 Ordinary of £1 each
1,390,001
1,390,001
CHILDREN 1ST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
4
Ultimate controlling party
The company's immediate parent undertaking is BHCF2 Limited, a company incorporated in the England and Wales.
Following a group reorganisation the company's ultimate parent undertaking is BHCF3 Limited. Copies of BHCF3 Limited's financial statements, which incorporate the results of this company, are available from its registered office.
The ultimate controlling parties are Mr and Mrs Mason.
5
Related party transactions
The company has taken advantage of the exemption available in the Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") from the requirements to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by its ultimate parent company.