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REGISTERED NUMBER: 10982821 (England and Wales)






Future Einsteins (Churwell) Limited

Financial Statements

for the Year Ended 30 September 2023






Future Einsteins (Churwell) Limited (Registered number: 10982821)

Contents of the Financial Statements
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Future Einsteins (Churwell) Limited

Company Information
for the year ended 30 September 2023







DIRECTORS: Mrs C B Cody-Owen
Mrs G L Lamport
Mr H J M Cody-Owen
Ms G Cody-Owen





REGISTERED OFFICE: 43 Philip Garth
Outwood
Wakefield
West Yorkshire
WF1 2LS





REGISTERED NUMBER: 10982821 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Future Einsteins (Churwell) Limited (Registered number: 10982821)

Balance Sheet
30 September 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 513,396 527,872

CURRENT ASSETS
Debtors 5 19,328 13,248
Cash at bank 262,006 183,339
281,334 196,587
CREDITORS
Amounts falling due within one year 6 111,706 138,276
NET CURRENT ASSETS 169,628 58,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

683,024

586,183

CREDITORS
Amounts falling due after more than one
year

7

(259,303

)

(269,189

)

PROVISIONS FOR LIABILITIES (9,474 ) (9,676 )
NET ASSETS 414,247 307,318

Future Einsteins (Churwell) Limited (Registered number: 10982821)

Balance Sheet - continued
30 September 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 414,146 307,217
SHAREHOLDERS' FUNDS 414,247 307,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 16 July 2024 and were signed on its behalf by:





Mrs C B Cody-Owen - Director


Future Einsteins (Churwell) Limited (Registered number: 10982821)

Notes to the Financial Statements
for the year ended 30 September 2023


1. STATUTORY INFORMATION

Future Einsteins (Churwell) Limited is a private limited 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 company's principal place of business is All Saints Church, Churwell, Leeds, LS27 7PX.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 represents amounts invoiced during the year for child day-care services.

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 - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Fixed assets are initially recorded at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


Future Einsteins (Churwell) Limited (Registered number: 10982821)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


2. ACCOUNTING POLICIES - continued
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 27 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
COST
At 1 October 2022 572,118 22,449 1,620 596,187
Additions - 141 250 391
Disposals - (2,524 ) - (2,524 )
At 30 September 2023 572,118 20,066 1,870 594,054
DEPRECIATION
At 1 October 2022 55,701 11,719 895 68,315
Charge for year 11,441 2,717 243 14,401
Eliminated on disposal - (2,058 ) - (2,058 )
At 30 September 2023 67,142 12,378 1,138 80,658
NET BOOK VALUE
At 30 September 2023 504,976 7,688 732 513,396
At 30 September 2022 516,417 10,730 725 527,872

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 12,327 4,464
Amounts owed by related undertakings 3,373 2,484
Prepayments 3,628 6,300
19,328 13,248

Future Einsteins (Churwell) Limited (Registered number: 10982821)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 12,181 13,784
Trade creditors 4,881 9,941
Amounts owed to related undertakings 35,689 44,443
Tax 40,922 36,508
Social security and other taxes 4,212 2,704
Other creditors 5,800 9,574
Directors' current accounts 1,286 18,397
Accruals and deferred income 6,735 2,925
111,706 138,276

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans more than 5 yrs 259,303 269,189

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 yrs 259,303 269,189

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 271,484 282,973

The security given is by way of a fixed and floating charge created on 20 December 2017 over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures and fixed plant & machinery.

The mortgage is secured by way of a fixed and floating charge over the property known as All Saints Church, Churwell, Leeds, LS27 7PX.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
94 A Ordinary £1 94 94
1 B Ordinary £1 1 1
6 C Ordinary £1 6 6
101 101