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REGISTERED NUMBER: 06921209 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Utopia Childrens Services Limited

Utopia Childrens Services Limited (Registered number: 06921209)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Utopia Childrens Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss S J Gilkes
Mr L A Stuart-Kelso





REGISTERED OFFICE: 9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ





REGISTERED NUMBER: 06921209 (England and Wales)





ACCOUNTANTS: Stanbridge Accountancy Services Limited
9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ

Utopia Childrens Services Limited (Registered number: 06921209)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,478,187 1,562,423

CURRENT ASSETS
Debtors 5 127,439 125,780
Cash at bank and in hand 207,287 351,393
334,726 477,173
CREDITORS
Amounts falling due within one year 6 333,513 201,135
NET CURRENT ASSETS 1,213 276,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,479,400

1,838,461

CREDITORS
Amounts falling due after more than
one year

7

995,560

401,468
NET ASSETS 1,483,840 1,436,993

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 10 1,483,540 1,436,693
SHAREHOLDERS' FUNDS 1,483,840 1,436,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Utopia Childrens Services Limited (Registered number: 06921209)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Mr L A Stuart-Kelso - Director


Utopia Childrens Services Limited (Registered number: 06921209)

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

1. STATUTORY INFORMATION

Utopia Childrens Services 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.

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.
Freehold property - in accordance with the property
Fixtures and fittings - 15% on cost
Motor vehicles - 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.

Utopia Childrens Services Limited (Registered number: 06921209)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 43 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 1,657,671 62,612 57,458 1,777,741
Additions 938,854 1,186 10,750 950,790
At 31 March 2024 2,596,525 63,798 68,208 2,728,531
DEPRECIATION
At 1 April 2023 117,136 58,221 39,961 215,318
Charge for year 25,965 2,000 7,061 35,026
At 31 March 2024 143,101 60,221 47,022 250,344
NET BOOK VALUE
At 31 March 2024 2,453,424 3,577 21,186 2,478,187
At 31 March 2023 1,540,535 4,391 17,497 1,562,423

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 114,002 103,800
Directors' current accounts - 491
Deferred tax asset 6,205 4,070
Prepayments and accrued income 7,232 17,419
127,439 125,780

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 122,577 68,627
Tax 112,373 101,574
Social security and other taxes 20,425 20,542
Other creditors 4,060 4,232
Directors' current accounts 66,521 253
Accrued expenses 7,557 5,907
333,513 201,135

Utopia Childrens Services Limited (Registered number: 06921209)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans more 5 yr by instal 995,560 401,468

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 995,560 401,468

8. DEFERRED TAX
£   
Balance at 1 April 2023 (4,070 )
Credit to Income Statement during year (2,135 )
Balance at 31 March 2024 (6,205 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
178 Ordinary A £1 178 178
119 Ordinary B £1 119 120
1 Ordinary C £1 1 1
298 299

Mrs T Lane owns 1 Ordinary D share of £1 each.

During the year an Ordinary B share was reclassified as an Ordinary E share and it was transferred from Miss S J Gilkes to Mr L James.

10. RESERVES
Retained
earnings
£   

At 1 April 2023 1,436,693
Profit for the year 309,889
Dividends (263,042 )
At 31 March 2024 1,483,540

Utopia Childrens Services Limited (Registered number: 06921209)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Miss S J Gilkes
Balance outstanding at start of year (251 ) 931
Amounts advanced 67,470 -
Amounts repaid (113,849 ) (1,182 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (46,630 ) (251 )

Mr L A Stuart-Kelso
Balance outstanding at start of year 491 1,046
Amounts advanced 172,207 -
Amounts repaid (192,589 ) (555 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,891 ) 491

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L A Stuart-Kelso.

The ultimate controlling party is Mr L A Stuart-Kelso.