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REGISTERED NUMBER: 03162423















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Northumbrian Trust Day Nurseries Limited

Northumbrian Trust Day Nurseries Limited (Registered number: 03162423)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Northumbrian Trust Day Nurseries Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Director
J P Gould
E Gould
J J Gould
T Gould





REGISTERED OFFICE: 301 Chillingham Road
Heaton
Newcastle upon Tyne
NE6 5SB





REGISTERED NUMBER: 03162423

Northumbrian Trust Day Nurseries Limited (Registered number: 03162423)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 2,106,613 2,108,318
2,106,613 2,108,318

CURRENT ASSETS
Debtors 7 162,900 225,944
Cash at bank and in hand 18,347 20,888
181,247 246,832
CREDITORS
Amounts falling due within one year 8 125,624 177,280
NET CURRENT ASSETS 55,623 69,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,162,236

2,177,870

CREDITORS
Amounts falling due after more than
one year

9

(185,643

)

(231,398

)

PROVISIONS FOR LIABILITIES 11 (385,905 ) (171,354 )

ACCRUALS AND DEFERRED INCOME (61,006 ) -
NET ASSETS 1,529,682 1,775,118

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Fair value reserve 710,000 710,000
Retained earnings 789,682 1,035,118
SHAREHOLDERS' FUNDS 1,529,682 1,775,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Northumbrian Trust Day Nurseries Limited (Registered number: 03162423)

Balance Sheet - continued
31 December 2023


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 5 September 2024 and were signed on its behalf by:





J P Gould - Director


Northumbrian Trust Day Nurseries Limited (Registered number: 03162423)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Northumbrian Trust Day Nurseries Ltd is a private company, limited by shares, registered in England and Wales. The company's registration number is 03162423 and registered office address is 301 Chillingham Road, Heaton, Newcastle upon Tyne, NE6 5SB.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements are prepared in sterling, which the functioning currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

Turnover
Turnover represents invoiced Nursery Fee income.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Tangible assets are initially measured at cost ans subsequently stated at cost less accumulated depreciation and impairment losses.

Financial instruments
Financial instruments are classified and accounted for according to th substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it's liabilities.

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.

Northumbrian Trust Day Nurseries Limited (Registered number: 03162423)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Operating leases
Lease payments are recognised as an expense over the lease term on a straight line basis. The aggregate benefit of lease incentives is recognised as reduction to expense ove the lease term on a straight line basis.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2022 - 47 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 162,499
AMORTISATION
At 1 January 2023
and 31 December 2023 162,499
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 2,100,000 489,450 2,589,450
Additions - 1,537 1,537
At 31 December 2023 2,100,000 490,987 2,590,987
DEPRECIATION
At 1 January 2023 - 481,132 481,132
Charge for year - 3,242 3,242
At 31 December 2023 - 484,374 484,374
NET BOOK VALUE
At 31 December 2023 2,100,000 6,613 2,106,613
At 31 December 2022 2,100,000 8,318 2,108,318

The company's freehold properties were revalued to the amount of £2,100,000 by the directors as at 31 December 2021. The directors consider these valuations accurately reflect the open market value of the properties.


Northumbrian Trust Day Nurseries Limited (Registered number: 03162423)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 129,387 129,519

Amounts falling due after more than one year:
Intercompany account Northumbrian
Trust

33,513

96,425

Aggregate amounts 162,900 225,944

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 10)
72,500

72,500
Trade creditors 4,573 4,991
Taxation and social security 44,915 16,130
Other creditors 3,636 83,659
125,624 177,280

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 10) 77,500 150,000
Other creditors 108,143 81,398
185,643 231,398

10. LOANS

The company has taken advantage of 2 business loans at a low rate of interest.

11. PROVISIONS FOR LIABILITIES

Deferred tax is calculated on the value of the Nursery properties.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Director
Balance outstanding at start of year 126,670 46,469
Amounts advanced 132,586 127,842
Amounts repaid (132,978 ) (47,641 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 126,278 126,670