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Registration number: 12070458

Little Orchard Montessori (Holdings) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Little Orchard Montessori (Holdings) Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Little Orchard Montessori (Holdings) Limited

(Registration number: 12070458)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

206,379

209,979

Investments

5

100

100

 

206,479

210,079

Current assets

 

Debtors

6

1,000

-

Cash at bank and in hand

 

70,270

65,402

 

71,270

65,402

Creditors: Amounts falling due within one year

7

(131,818)

(122,906)

Net current liabilities

 

(60,548)

(57,504)

Total assets less current liabilities

 

145,931

152,575

Creditors: Amounts falling due after more than one year

7

(138,230)

(151,274)

Net assets

 

7,701

1,301

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

7,601

1,201

Shareholders' funds

 

7,701

1,301

 

Little Orchard Montessori (Holdings) Limited

(Registration number: 12070458)
Statement of Financial Position as at 31 March 2024 (continued)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 


Mrs C Lucas
Director


Mrs T Bruce
Director

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Mrs C Lucas
Director

.........................................
Mrs T Bruce
Director

 
     
 

Little Orchard Montessori (Holdings) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The Old School Room
Sparkwell
Plymouth
Devon
PL7 5DB

Principal activity

The principal activity of the company is that of a holding company.

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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 financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

These financial statements have been prepared on the basis that the company is a going concern on the continuing support of the directors who have indicated their willingness to do so.

 

Little Orchard Montessori (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long leasehold property

2% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Little Orchard Montessori (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Freehold property
£

Total
£

Cost or valuation

At 1 April 2023

220,779

220,779

At 31 March 2024

220,779

220,779

Depreciation

At 1 April 2023

10,800

10,800

Charge for the year

3,600

3,600

At 31 March 2024

14,400

14,400

Carrying amount

At 31 March 2024

206,379

206,379

At 31 March 2023

209,979

209,979

 

Little Orchard Montessori (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Little Orchard Montessori (Holdings) Limited owns 100% issued share capital of Little Orchard Montessori Nurseries Limited, a company incorporated in England.

Subsidiaries

£

Cost or valuation

At 1 April 2023

100

Provision

Carrying amount

At 31 March 2024

100

At 31 March 2023

100

6

Debtors

2024
£

2023
£

Other debtors

1,000

-

1,000

-

 

Little Orchard Montessori (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Loans and borrowings

12,632

12,299

Accruals and deferred income

942

876

Other creditors

118,244

109,731

131,818

122,906

The bank loans are secured.

Creditors: amounts falling due after more than one year

2024
£

2023
£

Loans and borrowings

138,230

151,274

The bank loans are secured.

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Little Orchard Montessori (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

9

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

Directors

(5,500)

6,000

500

Directors

(5,500)

6,000

500

 

(11,000)

12,000

1,000

     

 

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Directors

(12,000)

6,500

(5,500)

Directors

(12,000)

6,500

(5,500)

(24,000)

13,000

(11,000)

 

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.

Summary of transactions with other related parties

The company's freehold property is utilised rent free by it's subsidiary, Little Orchard Montessori Nurseries Limited.