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Registration number: OC380529

Izzard Day Nurseries LLP

trading as Ashfield House Day Nursery

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Izzard Day Nurseries LLP

trading as Ashfield House Day Nursery

Contents

Financial Statements

1 to 5

Balance Sheet

1

Notes to the Financial Statements

3

 

Izzard Day Nurseries LLP

trading as Ashfield House Day Nursery

(Registration number: OC380529)
Balance Sheet as at 31 March 2024

Note

2024
 £

2023
 £

Fixed assets

 

Tangible assets

3

127,338

137,080

Current assets

 

Debtors

1,780

816

Cash and short-term deposits

 

239,056

252,129

 

240,836

252,945

Creditors: Amounts falling due within one year

5

(84,100)

(88,502)

Net current assets

 

156,736

164,443

Total assets less current liabilities

 

284,074

301,523

Creditors: Amounts falling due after more than one year

6

-

(51,707)

Net assets attributable to members

 

284,074

249,816

Represented by:

 

Total members' interests

 

Equity

 

284,074

249,816

   

284,074

249,816

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Izzard Day Nurseries LLP

trading as Ashfield House Day Nursery

(Registration number: OC380529)
Balance Sheet as at 31 March 2024

The financial statements of Izzard Day Nurseries LLP (registered number OC380529) were approved by the Board and authorised for issue on 16 July 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Rosemary Izzard
Designated member

 

Izzard Day Nurseries LLP

trading as Ashfield House Day Nursery

Notes to the Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Izzard Day Nurseries LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Tangible fixed assets

Tangible fixed assets are stated at cost or fair value, net of depreciation and any provision for impairment.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% straight line basis

Fixtures and fittings

25% reducing balance

Freehold Land and Building

Not depreciated

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 50 (2023 - 46).

 

Izzard Day Nurseries LLP

trading as Ashfield House Day Nursery

Notes to the Financial Statements for the Year Ended 31 March 2024

3

Tangible fixed assets

Freehold land and buildings
£

Fixtures and fittings
 £

Office equipment
 £

Total
£

Cost

At 1 April 2023

64,690

258,001

37,686

360,377

Additions

-

9,146

904

10,050

At 31 March 2024

64,690

267,147

38,590

370,427

Depreciation

At 1 April 2023

-

189,330

33,967

223,297

Charge for the year

-

17,620

2,172

19,792

At 31 March 2024

-

206,950

36,139

243,089

Net book value

At 31 March 2024

64,690

60,197

2,451

127,338

At 31 March 2023

64,690

68,671

3,719

137,080

4

Debtors

2024
 £

2023
 £

Trade debtors

1,780

816

5

Creditors: Amounts falling due within one year

2024
£

2023
£

Bank loans and overdrafts

51,707

66,482

Trade creditors

87

87

Other creditors

2,952

2,587

Accruals and deferred income

17,700

8,974

Taxation and social security

11,654

10,372

84,100

88,502

 

Izzard Day Nurseries LLP

trading as Ashfield House Day Nursery

Notes to the Financial Statements for the Year Ended 31 March 2024

6

Creditors: Amounts falling due after more than one year

2024
£

2023
£

Bank loans and overdrafts

-

51,707