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REGISTERED NUMBER: 10941399 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

New Cross Day Nursery Limited

New Cross Day Nursery Limited (Registered number: 10941399)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


New Cross Day Nursery Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Vuka





REGISTERED OFFICE: 296 Queens Road
New Cross
London
SE14 5JN





REGISTERED NUMBER: 10941399 (England and Wales)





ACCOUNTANTS: PB Partners LLP
Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
New Cross Day Nursery Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 New Cross Day Nursery Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position 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 director of New Cross Day Nursery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Cross Day Nursery Limited and state those matters that we have agreed to state to the director of New Cross Day Nursery Limited 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 New Cross Day Nursery Limited and its director for our work or for this report.

It is your duty to ensure that New Cross Day Nursery 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 New Cross Day Nursery Limited. You consider that New Cross Day Nursery 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 New Cross Day Nursery 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.






PB Partners LLP
Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY


19 September 2024

New Cross Day Nursery Limited (Registered number: 10941399)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 81,941 89,707
81,941 89,707

CURRENT ASSETS
Debtors 6 409,420 299,070
Cash at bank 63,815 12,625
473,235 311,695
CREDITORS
Amounts falling due within one year 7 142,473 137,386
NET CURRENT ASSETS 330,762 174,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,703

264,016

CREDITORS
Amounts falling due after more than one
year

8

(44,708

)

(59,208

)

PROVISIONS FOR LIABILITIES (15,568 ) (17,044 )
NET ASSETS 352,427 187,764

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 352,426 187,763
352,427 187,764

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 director acknowledges his 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.

New Cross Day Nursery Limited (Registered number: 10941399)

Statement of Financial Position - 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 director and authorised for issue on 19 September 2024 and were signed by:





J Vuka - Director


New Cross Day Nursery Limited (Registered number: 10941399)

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

1. STATUTORY INFORMATION

New Cross Day Nursery 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the period of the lease
Fixtures and fittings - 15% per annum on reducing balance
Computer equipment - 25% per annum on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

New Cross Day Nursery Limited (Registered number: 10941399)

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

2. ACCOUNTING POLICIES - continued

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 32 (2022 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 31,800
AMORTISATION
At 1 January 2023
and 31 December 2023 31,800
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 117,655 20,352 3,316 141,323
Additions - - 2,288 2,288
At 31 December 2023 117,655 20,352 5,604 143,611
DEPRECIATION
At 1 January 2023 39,218 10,571 1,827 51,616
Charge for year 7,844 1,467 743 10,054
At 31 December 2023 47,062 12,038 2,570 61,670
NET BOOK VALUE
At 31 December 2023 70,593 8,314 3,034 81,941
At 31 December 2022 78,437 9,781 1,489 89,707

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by participating interests 388,420 278,070

New Cross Day Nursery Limited (Registered number: 10941399)

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

6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 21,000 21,000

Aggregate amounts 409,420 299,070

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,500 14,500
Trade creditors 1,377 1,521
Amounts owed to participating interests 1,254 16,254
Corporation tax 58,670 37,937
Social security and other taxes 11,052 9,524
Other creditors 1,792 1,574
Accruals and deferred income 53,828 56,076
142,473 137,386

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 44,708 58,000
Bank loans more 5 yr by instal - 1,208
44,708 59,208

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,208

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 59,208 73,708

HSBC Bank plc has a fixed and floating charge over all assets held within the company dated 15 January 2018.

The director has also provided personal guarantees on the HSBC bank loan of £145,000 and in respect of the lease on the premises.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Vuka.