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REGISTERED NUMBER: 07880806 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

LAKESIDE NURSERY LIMITED

LAKESIDE NURSERY LIMITED (REGISTERED NUMBER: 07880806)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAKESIDE NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: S Cuffaro





SECRETARY: N Cuffaro





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 07880806 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

LAKESIDE NURSERY LIMITED (REGISTERED NUMBER: 07880806)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,397,417 1,362,840

CURRENT ASSETS
Debtors 5 25,661 17,261
Cash at bank 79,741 69,884
105,402 87,145
CREDITORS
Amounts falling due within one year 6 379,748 358,875
NET CURRENT LIABILITIES (274,346 ) (271,730 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,123,071 1,091,110

CREDITORS
Amounts falling due after more than one
year

7

(454,891

)

(478,903

)

PROVISIONS FOR LIABILITIES 9 (65,197 ) (57,165 )
NET ASSETS 602,983 555,042

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 602,882 554,941
SHAREHOLDERS' FUNDS 602,983 555,042

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LAKESIDE NURSERY LIMITED (REGISTERED NUMBER: 07880806)

BALANCE SHEET - continued
31ST DECEMBER 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 director and authorised for issue on 7th August 2024 and were signed by:





S Cuffaro - Director


LAKESIDE NURSERY LIMITED (REGISTERED NUMBER: 07880806)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Lakeside Nursery 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

LAKESIDE NURSERY LIMITED (REGISTERED NUMBER: 07880806)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 1,198,977 701,790 1,900,767
Additions 17,846 90,618 108,464
At 31st December 2023 1,216,823 792,408 2,009,231
DEPRECIATION
At 1st January 2023 83,722 454,205 537,927
Charge for year 11,990 61,897 73,887
At 31st December 2023 95,712 516,102 611,814
NET BOOK VALUE
At 31st December 2023 1,121,111 276,306 1,397,417
At 31st December 2022 1,115,255 247,585 1,362,840

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 25,661 17,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 52,320 41,127
Trade creditors 61,214 1,329
Taxation and social security 26,365 62,369
Other creditors 239,849 254,050
379,748 358,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 454,891 478,903

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 245,612 314,396

LAKESIDE NURSERY LIMITED (REGISTERED NUMBER: 07880806)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 507,211 520,030

The bank loan is secured on the freehold property held by the company.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 65,197 57,165

Deferred
tax
£   
Balance at 1st January 2023 57,165
Charge to Income Statement during year 8,032
Balance at 31st December 2023 65,197

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
97 A Ordinary £1 97 97
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
1 E Ordinary £1 1 1
101 101

The A Ordinary, B Ordinary, C Ordinary, D Ordinary and E Ordinary shares are non redeemable voting shares. They are entitled to receive such dividends as are declared and participate in a distribution of capital on liquidation.