Greenwood Childcare (Hackney) Ltd 14700663 false 2023-03-02 2024-03-31 2024-03-31 The principal activity of the company is child day-care activities Digita Accounts Production Advanced 6.30.9574.0 true true 14700663 2023-03-02 2024-03-31 14700663 2024-03-31 14700663 bus:OrdinaryShareClass1 2024-03-31 14700663 core:CurrentFinancialInstruments 2024-03-31 14700663 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14700663 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 14700663 core:FurnitureFittingsToolsEquipment 2024-03-31 14700663 core:LandBuildings 2024-03-31 14700663 bus:SmallEntities 2023-03-02 2024-03-31 14700663 bus:AuditExemptWithAccountantsReport 2023-03-02 2024-03-31 14700663 bus:FullAccounts 2023-03-02 2024-03-31 14700663 bus:SmallCompaniesRegimeForAccounts 2023-03-02 2024-03-31 14700663 bus:RegisteredOffice 2023-03-02 2024-03-31 14700663 bus:Director1 2023-03-02 2024-03-31 14700663 bus:Director2 2023-03-02 2024-03-31 14700663 bus:Director3 2023-03-02 2024-03-31 14700663 bus:OrdinaryShareClass1 2023-03-02 2024-03-31 14700663 bus:PrivateLimitedCompanyLtd 2023-03-02 2024-03-31 14700663 core:FurnitureFittingsToolsEquipment 2023-03-02 2024-03-31 14700663 core:LandBuildings 2023-03-02 2024-03-31 14700663 countries:EnglandWales 2023-03-02 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14700663

Greenwood Childcare (Hackney) Ltd

Unaudited Filleted Financial Statements

for the Period from 2 March 2023 to 31 March 2024

 

Greenwood Childcare (Hackney) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Greenwood Childcare (Hackney) Ltd

Company Information

Directors

C C L Prior

R Weltch

E C L Prior

Registered office

15 Perrers Road
London
W6 0EY

Accountants

EJBC Chartered Accountants
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

 

Greenwood Childcare (Hackney) Ltd

(Registration number: 14700663)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

3

216,627

Current assets

 

Debtors

28,316

Creditors: Amounts falling due within one year

(20,287)

Net current assets

 

8,029

Total assets less current liabilities

 

224,656

Creditors: Amounts falling due after more than one year

(299,266)

Net liabilities

 

(74,610)

Capital and reserves

 

Called up share capital

4

10,000

Retained earnings

(84,610)

Shareholders' deficit

 

(74,610)

For the financial period 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 period 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.

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

.........................................
C C L Prior
Director

 

Greenwood Childcare (Hackney) Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2023 to 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 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet 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

Fixtures and equipment

not charged in this period

Leasehold

not charged in this period

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Greenwood Childcare (Hackney) Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2023 to 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 profit and loss account 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5.

 

Greenwood Childcare (Hackney) Ltd

Notes to the Unaudited Financial Statements for the Period from 2 March 2023 to 31 March 2024

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

131,436

85,191

216,627

At 31 March 2024

131,436

85,191

216,627

Depreciation

Carrying amount

At 31 March 2024

131,436

85,191

216,627

Included within the net book value of land and buildings above is £131,436 in respect of short leasehold land and buildings.
 

4

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary shares of £1 each

10,000

10,000