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REGISTERED NUMBER: 07860587 (England and Wales)















CREATIVE MINDS NURSERIES NETWORK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CREATIVE MINDS NURSERIES NETWORK LTD (REGISTERED NUMBER: 07860587)






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


CREATIVE MINDS NURSERIES NETWORK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Ms E C Chilton





SECRETARY: Mrs W O'Mahony





REGISTERED OFFICE: 25 Stanhope Road
Deal
Kent
CT14 6AD





REGISTERED NUMBER: 07860587 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

CREATIVE MINDS NURSERIES NETWORK LTD (REGISTERED NUMBER: 07860587)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 353,673 355,316

CURRENT ASSETS
Debtors 5 26,334 20,803
Cash at bank and in hand 401 17,511
26,735 38,314
CREDITORS
Amounts falling due within one year 6 154,999 125,799
NET CURRENT LIABILITIES (128,264 ) (87,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,409

267,831

CREDITORS
Amounts falling due after more than one
year

7

74,800

79,747
NET ASSETS 150,609 188,084

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 125,447 125,447
Retained earnings 25,062 62,537
SHAREHOLDERS' FUNDS 150,609 188,084

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 director acknowledges her 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.

CREATIVE MINDS NURSERIES NETWORK LTD (REGISTERED NUMBER: 07860587)

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 director and authorised for issue on 9 July 2024 and were signed by:





Ms E C Chilton - Director


CREATIVE MINDS NURSERIES NETWORK LTD (REGISTERED NUMBER: 07860587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Creative Minds Nurseries Network Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross invoiced sales of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture & Fittings - 15% on reducing balance
Computer equipment - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 39 ) .

CREATIVE MINDS NURSERIES NETWORK LTD (REGISTERED NUMBER: 07860587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Fixture & Computer
property property Fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 256,444 89,143 35,574 2,811 383,972
DEPRECIATION
At 1 April 2023 - - 27,691 965 28,656
Charge for year - - 1,182 461 1,643
At 31 March 2024 - - 28,873 1,426 30,299
NET BOOK VALUE
At 31 March 2024 256,444 89,143 6,701 1,385 353,673
At 31 March 2023 256,444 89,143 7,883 1,846 355,316

Cost or valuation at 31 March 2024 is represented by:

Improvements
Freehold to Fixture & Computer
property property Fittings equipment Totals
£    £    £    £    £   
Valuation in 2016 125,447 - - - 125,447
Valuation in 2018 - - 289 - 289
Valuation in 2019 - - 434 689 1,123
Valuation in 2022 - - 362 - 362
Valuation in 2023 - - 1,209 1,856 3,065
Cost 130,997 89,143 33,280 266 253,686
256,444 89,143 35,574 2,811 383,972

If the freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 130,997 130,997

The freehold property was valued on an open market basis on 31 March 2016 by the Director of the company. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,530 5,646
Other debtors 15,804 15,157
26,334 20,803

CREATIVE MINDS NURSERIES NETWORK LTD (REGISTERED NUMBER: 07860587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,295 11,677
Taxation and social security 5,713 5,889
Other creditors 117,991 108,233
154,999 125,799

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 74,800 79,747

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 125,447

9. RELATED PARTY DISCLOSURES

Esme Chilton is the sole director of Creative Minds Nurseries Network Ltd. Esme got paid £12,793 through the company in the year via her own consultancy business.