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REGISTERED NUMBER: 05955043 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ARTEMIS CHILDCARE LIMITED

ARTEMIS CHILDCARE LIMITED (REGISTERED NUMBER: 05955043)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 8

ARTEMIS CHILDCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: L M Buggy
E Buggy
D J Buggy





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 05955043 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

ARTEMIS CHILDCARE LIMITED (REGISTERED NUMBER: 05955043)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,585,342 1,589,312

CURRENT ASSETS
Debtors 5 203,587 157,896
Cash at bank 9,169 53,197
212,756 211,093
CREDITORS
Amounts falling due within one year 6 221,707 170,122
NET CURRENT (LIABILITIES)/ASSETS (8,951 ) 40,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,576,391

1,630,283

CREDITORS
Amounts falling due after more than one
year

7

(325,526

)

(428,533

)

PROVISIONS FOR LIABILITIES 9 (176,229 ) (134,396 )
NET ASSETS 1,074,636 1,067,354

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 1,074,627 1,067,345
SHAREHOLDERS' FUNDS 1,074,636 1,067,354

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

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

ARTEMIS CHILDCARE LIMITED (REGISTERED NUMBER: 05955043)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 30 July 2024 and were signed on its behalf by:




E Buggy - Director



L M Buggy - Director


ARTEMIS CHILDCARE LIMITED (REGISTERED NUMBER: 05955043)

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

1. STATUTORY INFORMATION

Artemis Childcare 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.

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.

As at the balance sheet date the balance sheet reflects net current liabilities totalling £8,951.

The Company continues to trade and meet its' liabilities as they fall due. Therefore the going concern basis of preparation has been adopted as the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities for the foreseeable future.

Turnover
Turnover represents net invoiced childcare service fees. Turnover is recognised at the point at which the sales invoice is raised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Property
The cost of the freehold properties purchased in 2007, 2010 and 2014 and the cost of improvements are not being depreciated to give a fair market value.

ARTEMIS CHILDCARE LIMITED (REGISTERED NUMBER: 05955043)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 44 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 November 2022 1,438,824 108,626 67,008
Additions - - 4,960
At 31 October 2023 1,438,824 108,626 71,968
DEPRECIATION
At 1 November 2022 - - 58,685
Charge for year - - 3,321
At 31 October 2023 - - 62,006
NET BOOK VALUE
At 31 October 2023 1,438,824 108,626 9,962
At 31 October 2022 1,438,824 108,626 8,323

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 154,640 17,447 1,786,545
Additions 740 865 6,565
At 31 October 2023 155,380 18,312 1,793,110
DEPRECIATION
At 1 November 2022 123,320 15,228 197,233
Charge for year 4,775 2,439 10,535
At 31 October 2023 128,095 17,667 207,768
NET BOOK VALUE
At 31 October 2023 27,285 645 1,585,342
At 31 October 2022 31,320 2,219 1,589,312

Cost or valuation at 31 October 2023 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2021 577,551 - -
Cost 861,273 108,626 71,968
1,438,824 108,626 71,968

ARTEMIS CHILDCARE LIMITED (REGISTERED NUMBER: 05955043)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Valuation in 2021 - - 577,551
Cost 155,380 18,312 1,215,559
155,380 18,312 1,793,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 64,038 78,873
Other debtors 109,732 61,095
Tax 15,572 7,045
Prepayments 14,245 10,883
203,587 157,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 28,005 28,005
Other loans 18,598 17,296
Trade creditors 36,240 20,795
Tax 115,608 88,069
Social security and other taxes 14,643 11,867
Other creditors 6,597 2,170
Accrued expenses 2,016 1,920
221,707 170,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 30,641 30,641
Bank loans - 2-5 years 91,648 91,648
Bank loans more 5 yr by instal 186,741 244,947
Other loans - 1-2 years 18,598 17,848
Other loans - 2-5 years 33,521 47,716
Other loans more 5yrs instal 10,518 16,609
Directors loan account (46,141 ) (20,876 )
325,526 428,533

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 186,741 244,947
Other loans more 5yrs instal 10,518 16,609
197,259 261,556

ARTEMIS CHILDCARE LIMITED (REGISTERED NUMBER: 05955043)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Mortgages 337,035 395,241

There is a debenture over the company with fixed and floating charges over the undertaking and all property and assets present and future.

There are also three legal mortgages over the company which are secured on 29 Chapel Park Road, St Leonards, 17 Calvert Road, St Leonards and St John's Hall, Hollington which are the three premises from which the company trades.

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 176,229 134,396

Deferred
tax
£   
Balance at 1 November 2022 134,396
Provided during year 41,833
Balance at 31 October 2023 176,229

10. RELATED PARTY DISCLOSURES

During the period Miss E Buggy, a director and shareholder, lived rent free on the top floor on the property from which the nursery is run. This is treated as a benefit in kind to Miss E Buggy.

As at the balance sheet date the directors owed the company £46,141 (2022 - £20,876).
This loan is interest free and has no fixed date for repayment. The balance to the directors is shown as long term directors loan account.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ARTEMIS CHILDCARE 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 Statement of Financial Position. 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 Artemis Childcare Limited for the year ended 31 October 2023 which comprise the Income Statement, Statement of Financial Position 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 Artemis Childcare 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 Artemis Childcare Limited and state those matters that we have agreed to state to the Board of Directors of Artemis Childcare 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 Artemis Childcare Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Artemis Childcare 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 profit of Artemis Childcare Limited. You consider that Artemis Childcare 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 Artemis Childcare 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.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


30 July 2024