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REGISTERED NUMBER: 05201410 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cornhill Kindergarten Limited

Cornhill Kindergarten Limited (Registered number: 05201410)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Cornhill Kindergarten Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs A R Westrup
Mrs Z Lomas
Mrs S Seabrook





SECRETARY: Mrs Z Lomas





REGISTERED OFFICE: 16 Cornhill Road
Urmston
Manchester
M41 5TJ





REGISTERED NUMBER: 05201410 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Cornhill Kindergarten Limited (Registered number: 05201410)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 633,817 649,861
633,817 649,861

CURRENT ASSETS
Cash at bank - 7,107

CREDITORS
Amounts falling due within one year 6 194,249 198,773
NET CURRENT LIABILITIES (194,249 ) (191,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

439,568

458,195

CREDITORS
Amounts falling due after more than one year 7 (326,637 ) (329,692 )

PROVISIONS FOR LIABILITIES (1,474 ) (1,328 )
NET ASSETS 111,457 127,175

CAPITAL AND RESERVES
Called up share capital 9 99 99
Retained earnings 111,358 127,076
SHAREHOLDERS' FUNDS 111,457 127,175

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.

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 29 August 2024 and were signed on its behalf by:



Mrs A R Westrup - Director



Mrs S Seabrook - Director


Cornhill Kindergarten Limited (Registered number: 05201410)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Cornhill Kindergarten 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. Having reviewed the future cash flows of the business, the director is satisfied that the company will have adequate resources to meet its liabilities as they fall due. On this basis, the director believes it appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill has been written off in equal annual instalments over its estimated useful economic life of 10 years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property- 2% on cost
Fixtures and fittings- 25% on reducing balance
Computer equipment- 33% cost

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 the Income Statement in the period to which they relate.

Share capital
Ordinary A, Ordinary B and Ordinary C shares are classified as equity.

Cornhill Kindergarten Limited (Registered number: 05201410)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 70,000
AMORTISATION
At 1 April 2023
and 31 March 2024 70,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 747,526 70,722 818,248
Additions - 1,364 1,364
At 31 March 2024 747,526 72,086 819,612
DEPRECIATION
At 1 April 2023 104,654 63,733 168,387
Charge for year 14,950 2,458 17,408
At 31 March 2024 119,604 66,191 185,795
NET BOOK VALUE
At 31 March 2024 627,922 5,895 633,817
At 31 March 2023 642,872 6,989 649,861

Cornhill Kindergarten Limited (Registered number: 05201410)

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 11,787 18,117
Taxation and social security 9,003 9,935
Other creditors 173,459 170,721
194,249 198,773

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 326,637 329,692

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years - 251,143

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 329,912 346,369

The bank holds a fixed and floating charge over the company assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
33 Ordinary A £1.00 33 33
33 Ordinary B £1.00 33 33
33 Ordinary C £1.00 33 33
99 99

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cornhill Kindergarten Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cornhill Kindergarten Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cornhill Kindergarten Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cornhill Kindergarten Limited and state those matters that we have agreed to state to the Board of Directors of Cornhill Kindergarten Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cornhill Kindergarten Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cornhill Kindergarten Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cornhill Kindergarten Limited. You consider that Cornhill Kindergarten Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cornhill Kindergarten Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


29 August 2024