Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3191false2023-02-01falseOther amusement and recreation activities not elsewhere classified54falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12422451 2023-02-01 2023-12-31 12422451 2022-02-01 2023-01-31 12422451 2023-12-31 12422451 2023-01-31 12422451 1 2023-02-01 2023-12-31 12422451 d:Director1 2023-02-01 2023-12-31 12422451 d:Director2 2023-02-01 2023-12-31 12422451 d:RegisteredOffice 2023-02-01 2023-12-31 12422451 c:Buildings c:LongLeaseholdAssets 2023-02-01 2023-12-31 12422451 c:Buildings c:LongLeaseholdAssets 2023-12-31 12422451 c:Buildings c:LongLeaseholdAssets 2023-01-31 12422451 c:PlantMachinery 2023-02-01 2023-12-31 12422451 c:PlantMachinery 2023-12-31 12422451 c:PlantMachinery 2023-01-31 12422451 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-02-01 2023-12-31 12422451 c:OfficeEquipment 2023-02-01 2023-12-31 12422451 c:OfficeEquipment 2023-12-31 12422451 c:OfficeEquipment 2023-01-31 12422451 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-02-01 2023-12-31 12422451 c:ComputerEquipment 2023-02-01 2023-12-31 12422451 c:ComputerEquipment 2023-12-31 12422451 c:ComputerEquipment 2023-01-31 12422451 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-02-01 2023-12-31 12422451 c:OwnedOrFreeholdAssets 2023-02-01 2023-12-31 12422451 c:Goodwill 2023-02-01 2023-12-31 12422451 c:Goodwill 2023-12-31 12422451 c:Goodwill 2023-01-31 12422451 c:CurrentFinancialInstruments 2023-12-31 12422451 c:CurrentFinancialInstruments 2023-01-31 12422451 c:Non-currentFinancialInstruments 2023-12-31 12422451 c:Non-currentFinancialInstruments 2023-01-31 12422451 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 12422451 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 12422451 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 12422451 c:Non-currentFinancialInstruments c:AfterOneYear 2023-01-31 12422451 c:ShareCapital 2023-12-31 12422451 c:ShareCapital 2023-01-31 12422451 c:RetainedEarningsAccumulatedLosses 2023-12-31 12422451 c:RetainedEarningsAccumulatedLosses 2023-01-31 12422451 d:OrdinaryShareClass1 2023-02-01 2023-12-31 12422451 d:OrdinaryShareClass1 2023-12-31 12422451 d:OrdinaryShareClass1 2023-01-31 12422451 d:FRS102 2023-02-01 2023-12-31 12422451 d:AuditExemptWithAccountantsReport 2023-02-01 2023-12-31 12422451 d:FullAccounts 2023-02-01 2023-12-31 12422451 d:PrivateLimitedCompanyLtd 2023-02-01 2023-12-31 12422451 c:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-12-31 12422451 c:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-01-31 12422451 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:WithinOneYear 2023-12-31 12422451 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:WithinOneYear 2023-01-31 12422451 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:BetweenOneFiveYears 2023-12-31 12422451 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:BetweenOneFiveYears 2023-01-31 12422451 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:MoreThanFiveYears 2023-12-31 12422451 c:PlantEquipmentOtherAssetsUnderOperatingLeases c:MoreThanFiveYears 2023-01-31 12422451 c:Goodwill c:ExternallyAcquiredIntangibleAssets 2023-02-01 2023-12-31 12422451 c:Goodwill c:OwnedIntangibleAssets 2023-02-01 2023-12-31 12422451 e:PoundSterling 2023-02-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12422451









LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
COMPANY INFORMATION


Directors
L A Filer 
T J Filer 




Registered number
12422451



Registered office
Family Adventures Group Wells Road

Latcham

Wedmore

BS28 4SA




Accountants
Grant Thornton UK LLP
Chartered Accountants

Victoria House

199 Avebury Boulevard

Milton Keynes

MK9 1AU





 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 

CONTENTS



Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 12


  
  img0582.png
Report to the directors on the preparation of the unaudited statutory financial statements of Little Adventures Nurseries Limited for the period ended 31 December 2023 

We have compiled the accompanying financial statements of Little Adventures Nurseries Limited (the ‘Company’)  based on the information you have provided. These financial statements comprise the Balance Sheet of Little Adventures Nurseries Limited as at 31 December 2023 and a summary of significant accounting policies and other explanatory information. 

We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), 'Compilation Engagements'.

We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with applicable law and United Kingdom Accounting Standardsincluding Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). As a member firm of the Institute of Chartered Accountants in England and Waleswe are subject to its ethical and other professional requirements which are detailed at www.icaew.com

These financial statements and the accuracy and completeness of the information used to compile them are your responsibility.

Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice.

This report is made solely to the Company's directors, as a body,  in accordance with the terms of our engagement letter dated 13 June 2024Our work has been undertaken solely to prepare for your approval the financial statements of the Company and state those matters that we have agreed to state to the Company's directors, as a body,  in this report in accordance with our engagement letter dated 13 June 2024. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its directors, as a body,  for our work or for this report.




Grant Thornton UK LLP
 
Chartered Accountants
  
Milton Keynes

30 September 2024
Page 1

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
REGISTERED NUMBER:12422451

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
31 January
2023
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
42,778
15,252

Tangible assets
 5 
259,031
129,637

  
301,809
144,889

Current assets
  

Debtors
 6 
331,397
198,676

Cash at bank and in hand
  
-
62,875

  
331,397
261,551

Creditors: amounts falling due within one year
 7 
(678,834)
(393,894)

Net current liabilities
  
 
 
(347,437)
 
 
(132,343)

Total assets less current liabilities
  
(45,628)
12,546

Creditors: amounts falling due after more than one year
 8 
(79,687)
(54,260)

  

Net liabilities
  
(125,315)
(41,714)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
(125,317)
(41,716)

  
(125,315)
(41,714)


Page 2

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
REGISTERED NUMBER:12422451
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T J Filer
Director

Date: 30 September 2024

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Little Adventures Nurseries Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Family Adventures Group Wells Road, Latcham, Wedmore, England, BS28 4SA and its registered number is 12422451.
The financial year end has been shortened to align the year end with other group companies, with the current financial statements presenting the 11 month period from 1 February 2023 to 31 December 2023. Therefore the comparative amounts presented in the financial statements are not entirely comparable.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed the Company’s ability to operate as a going concern for at least 12 months from the date of signing the financial statements. The directors will offer their financial support to the entity when required, accordingly they believe that it remains appropriate to continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Turnover

Revenue is recognised in relation to nursery income to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 5

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
10%
Plant & machinery
-
10%
Office equipment
-
10%
Computer equipment
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 91 (2023: 54).

Page 7

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Intangible assets






Goodwill

£



Cost


At 1 February 2023
19,065


Additions
75,000


Disposals
(9,065)



At 31 December 2023

85,000



Amortisation


At 1 February 2023
3,813


Charge for the Period on owned assets
38,409



At 31 December 2023

42,222



Net book value



At 31 December 2023
42,778



At 31 January 2023
15,252



Page 8

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Tangible fixed assets







Leasehold Improvements
Plant & machinery
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2023
-
-
150,420
-
150,420


Additions
73,533
1,229
72,400
2,536
149,698



At 31 December 2023

73,533
1,229
222,820
2,536
300,118



Depreciation


At 1 February 2023
-
-
20,783
-
20,783


Charge for the Period on owned assets
5,345
89
14,686
184
20,304



At 31 December 2023

5,345
89
35,469
184
41,087



Net book value



At 31 December 2023
68,188
1,140
187,351
2,352
259,031



At 31 January 2023
-
-
129,637
-
129,637

Page 9

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Debtors

31 December
31 January
2023
2023
£
£

Due after more than one year

Other debtors
148,622
146,391

148,622
146,391

Due within one year

Trade debtors
116,180
10,558

Amounts owed by group undertakings
25,189
-

Other debtors
11,570
26,021

Prepayments and accrued income
29,836
15,706

331,397
198,676



7.


Creditors: amounts falling due within one year

31 December
31 January
2023
2023
£
£

Bank overdrafts
44,381
-

Bank loans
120,926
123,192

Other loans
-
12,860

Trade creditors
75,519
43,049

Other taxation and social security
98,847
82,831

Other creditors
31,162
123,766

Accruals and deferred income
307,999
8,196

678,834
393,894


Page 10

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

31 December
31 January
2023
2023
£
£

Bank loans
79,687
54,260

79,687
54,260


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

31 December
31 January
2023
2023
£
£


Repayable by instalments
7,410
-

Liabilities repayable in more than 5 years after the balance sheet date relate to the HSBC Bounce Back Loan. The loan attracts interest at 2.5% and the final instalment is due on 25 June 2030.


9.


Share capital

31 December
31 January
2023
2023
£
£
Allotted, called up and fully paid



2 (2023: 2) Ordinary A shares of £1.00 each
2
2



10.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 December
31 January
2023
2023

£
£


Not later than 1 year
96,080
84,900

Later than 1 year and not later than 5 years
458,500
339,600

Later than 5 years
382,907
215,354

937,487
639,854

Page 11

 
LITTLE ADVENTURES NURSERIES LTD (FORMERLY KNOWN AS ROLE PLAY ADVENTURES LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

11.


Related party transactions

Related party transactions conducted under normal market conditions have not been disclosed in accordance with Section 1A  of FRS 102.

At 31 December 2023, the Company owed £26,998 to its directors. This amount has no fixed repayment date, is interest free and repayable on demand.
Little Town Adventures Limited, Ocean Adventurers Limited and Family Adventures Group Limited have provided a cross corporate guarantee in the amount of £54,800 (2023: £54,800) to Little Adventures Nurseries Limited, in respect of a loan from Capify.

12.


Post balance sheet events

On 25 January 2024, all ordinary shares were transferred to Family Adventures Group Limited who subsequently became the controlling party.


13.


Controlling Party

At 31 December 2023 the Company was under ownership of the directors T J Filer and L A Filer. After the year end the Company's shares were transferred to Family Adventures Group Limited who became the Company's immediate and ultimate parent undertaking from 25 January 2024.
Family Adventures Group Limited, a company incorporated in England and Wales, is the ultimate parent company. Family Adventures Groups Limited registered address is Wells Road, Latcham, Wedmore, England, BS28 4SA and its registered number is 12402040.

Page 12