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REGISTERED NUMBER: SC380549 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

The New Village Nursery (West Linton)
Limited

The New Village Nursery (West Linton)
Limited (Registered number: SC380549)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The New Village Nursery (West Linton)
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mrs C Dunmur





REGISTERED OFFICE: Western Green
The Loan
West Linton
Peeblesshire
EH46 7HE





REGISTERED NUMBER: SC380549 (Scotland)





ACCOUNTANTS: Helen Lowe Ltd
17/21 East Mayfield
Edinburgh
Lothian
EH9 1SE

The New Village Nursery (West Linton)
Limited (Registered number: SC380549)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 683,232 683,232
683,232 683,232

CURRENT ASSETS
Cash at bank and in hand 58,710 109,020

CREDITORS
Amounts falling due within one year 6 80,636 130,283
NET CURRENT LIABILITIES (21,926 ) (21,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,306

661,969

CREDITORS
Amounts falling due after more than one
year

7

(290,331

)

(345,462

)

PROVISIONS FOR LIABILITIES (6,531 ) (7,058 )
NET ASSETS 364,444 309,449

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 364,344 309,349
SHAREHOLDERS' FUNDS 364,444 309,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

The New Village Nursery (West Linton)
Limited (Registered number: SC380549)

Balance Sheet - continued
30 June 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 24 September 2024 and were signed by:





Mrs C Dunmur - Director


The New Village Nursery (West Linton)
Limited (Registered number: SC380549)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The New Village Nursery (West Linton) Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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 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 22 (2023 - 21 ) .

The New Village Nursery (West Linton)
Limited (Registered number: SC380549)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 13,000
AMORTISATION
At 1 July 2023
and 30 June 2024 13,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 683,232 31,337 714,569
DEPRECIATION
At 1 July 2023
and 30 June 2024 - 31,337 31,337
NET BOOK VALUE
At 30 June 2024 683,232 - 683,232
At 30 June 2023 683,232 - 683,232

The property is stated at original cost; this is deemed by the director to be a fair reflection of its current value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 11,355
Trade creditors 2,636 2,574
Taxation and social security 24,381 21,737
Other creditors 53,619 94,617
80,636 130,283

The New Village Nursery (West Linton)
Limited (Registered number: SC380549)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 55,131
Other creditors 290,331 290,331
290,331 345,462

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 9,711

8. RELATED PARTY DISCLOSURES

Loans from related parties at the year end totalled £343,800 (2023: £384,948). These loans are unsecured and are repayable on demand.