La Maternelle LTD.
Company Registration No. 03937869 (England And Wales)
Unaudited Financial Statements
Year Ended 31 March 2024
LA MATERNELLE LTD.
La Maternelle LTD.
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
LA MATERNELLE LTD.
La Maternelle LTD.
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,307,398
1,296,917
Current assets
Debtors
5
3,455
2,101
Cash at bank and in hand
175,407
130,720
178,862
132,821
Creditors: amounts falling due within one year
6
(436,735)
(303,483)
Net current liabilities
(257,873)
(170,662)
Total assets less current liabilities
1,049,525
1,126,255
Creditors: amounts falling due after more than one year
7
(830,112)
(879,288)
Provisions for liabilities
(53,933)
(49,410)
Net assets
165,480
197,557
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
165,280
197,357
Total equity
165,480
197,557
LA MATERNELLE LTD.
La Maternelle LTD.
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 June 2024 and are signed on its behalf by:
Mrs C M Brown
Director
Company Registration No. 03937869
LA MATERNELLE LTD.
La Maternelle LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

La Maternelle LTD. is a private company limited by shares incorporated in England and Wales. The registered office is La Maternelle, 1 Dalton Court, Sandbach, Cheshire, CW11 1YD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown gross of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

LA MATERNELLE LTD.
La Maternelle LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
no depreciation
Improvements to property
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
15% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

LA MATERNELLE LTD.
La Maternelle LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
83
79
LA MATERNELLE LTD.
La Maternelle LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Tangible fixed assets
Freehold land and buildings
Improvements to property
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2023
1,053,529
173,731
493,594
44,498
10,872
1,776,224
Additions
-
0
-
0
58,655
2,943
-
0
61,598
Disposals
-
0
-
0
-
0
(17,596)
(10,872)
(28,468)
At 31 March 2024
1,053,529
173,731
552,249
29,845
-
0
1,809,354
Depreciation and impairment
At 1 April 2023
-
0
112,733
322,655
33,047
10,872
479,307
Depreciation charged in the year
-
0
9,150
34,439
1,212
-
0
44,801
Eliminated in respect of disposals
-
0
-
0
-
0
(11,280)
(10,872)
(22,152)
At 31 March 2024
-
0
121,883
357,094
22,979
-
0
501,956
Carrying amount
At 31 March 2024
1,053,529
51,848
195,155
6,866
-
0
1,307,398
At 31 March 2023
1,053,529
60,998
170,939
11,451
-
0
1,296,917
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,455
2,101
LA MATERNELLE LTD.
La Maternelle LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
57,090
64,608
Trade creditors
-
0
18,314
Corporation tax
55,989
31,837
Other taxation and social security
20,877
11,925
Other creditors
302,779
176,799
436,735
303,483
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
830,112
879,288
8
Creditors: amounts due over 5 years

Included in bank loans and overdrafts is £585,554 (2023 : £580,859) which is due for repayment after 5 years.

9
Secured debts

Bank loans of £887,203 (2023: £943,896) are secured by fixed and floating charges over the assets of the company.

 

 

 

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