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Registered number: 04081478
Cliffe House Day Nurseries Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04081478
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 78,001 82,876
Tangible Assets 5 159,271 171,268
237,272 254,144
CURRENT ASSETS
Debtors 6 1,585,794 566,763
Investments 7 136,694 136,694
Cash at bank and in hand 107,623 798,553
1,830,111 1,502,010
Creditors: Amounts Falling Due Within One Year 8 (226,114 ) (200,929 )
NET CURRENT ASSETS (LIABILITIES) 1,603,997 1,301,081
TOTAL ASSETS LESS CURRENT LIABILITIES 1,841,269 1,555,225
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,176 ) (13,858 )
NET ASSETS 1,825,093 1,541,367
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,824,993 1,541,267
SHAREHOLDERS' FUNDS 1,825,093 1,541,367
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Della Stocks
Director
30th July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cliffe House Day Nurseries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04081478 . The registered office is The Woodlands Burley Lane, Menston, Ilkley, West Yorkshire, LS29 6EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 189 (2023: 185)
189 185
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 97,501
As at 31 March 2024 97,501
Amortisation
As at 1 April 2023 14,625
Impairment losses 4,875
As at 31 March 2024 19,500
Net Book Value
As at 31 March 2024 78,001
As at 1 April 2023 82,876
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5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 192,762 10,080 98,241 101,961 403,044
Additions - - 1,748 7,172 8,920
As at 31 March 2024 192,762 10,080 99,989 109,133 411,964
Depreciation
As at 1 April 2023 47,542 4,764 83,874 95,596 231,776
Provided during the period 9,638 1,329 5,222 4,728 20,917
As at 31 March 2024 57,180 6,093 89,096 100,324 252,693
Net Book Value
As at 31 March 2024 135,582 3,987 10,893 8,809 159,271
As at 1 April 2023 145,220 5,316 14,367 6,365 171,268
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 11,776 7,961
Other debtors 20,081 15,442
Directors' loan accounts 1,250,984 -
Amounts owed by subsidiaries - 39,033
Amounts owed by other participating interests 132,732 310,210
1,415,573 372,646
Due after more than one year
Other debtors 170,221 194,117
170,221 194,117
1,585,794 566,763
7. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 136,694 136,694
136,694 136,694
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 28,094
Bank loans and overdrafts 2,174 19,907
Corporation tax 115,026 116,177
Other taxes and social security 44,530 25,190
Net wages 20,000 -
Other creditors 15,557 7,346
Accruals and deferred income 5,132 3,632
Directors' loan accounts - 583
Amounts owed to subsidiaries 23,695 -
226,114 200,929
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
First Steps (Yorkshire) Limited100% Subsidiary of the reporting entity.At the balance sheet date the amount owed to the related party was £23,695 (2023: £39,033 owed by the related party)

First Steps (Yorkshire) Limited

100% Subsidiary of the reporting entity.

At the balance sheet date the amount owed to the related party was £23,695 (2023: £39,033 owed by the related party)

Cliffe House Properties LtdUnder common control.At the balance sheet date the amount owed by the related party was £132,732 (2023: £310,210)

Cliffe House Properties Ltd

Under common control.

At the balance sheet date the amount owed by the related party was £132,732 (2023: £310,210)

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