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REGISTERED NUMBER: 09403806 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LITTLE BEAR'S DAY-CARE LIMITED

LITTLE BEAR'S DAY-CARE LIMITED (REGISTERED NUMBER: 09403806)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LITTLE BEAR'S DAY-CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms A M Collman
Miss K King





REGISTERED OFFICE: Thameside House
Hurst Road
East Molesey
Surrey
KT8 9AY





REGISTERED NUMBER: 09403806 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Riverside House
40-46 High Street
Maidstone
Kent
ME14 1JH

LITTLE BEAR'S DAY-CARE LIMITED (REGISTERED NUMBER: 09403806)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 126,741 151,384
Tangible assets 5 39,758 25,980
166,499 177,364

CURRENT ASSETS
Debtors 6 15,660 22,964
Cash at bank and in hand 552 488
16,212 23,452
CREDITORS
Amounts falling due within one year 7 140,398 123,983
NET CURRENT LIABILITIES (124,186 ) (100,531 )
TOTAL ASSETS LESS CURRENT LIABILITIES 42,313 76,833

CREDITORS
Amounts falling due after more than one year 8 (14,167 ) (24,167 )

PROVISIONS FOR LIABILITIES (9,979 ) (6,862 )
NET ASSETS 18,167 45,804

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 18,067 45,704
SHAREHOLDERS' FUNDS 18,167 45,804

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 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 and authorised for issue by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Miss K King - Director


LITTLE BEAR'S DAY-CARE LIMITED (REGISTERED NUMBER: 09403806)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Little Bear's Day-Care 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.

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.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves and cash balances. It also has the support of the directors via a creditor which is subject to common control. The creditor has confirmed it will not demand repayment of amounts owing to it to the detriment of the company's ability to meet its liabilities as they fall due for the foreseeable future. The directors confirm financial facilities will remain available to the company for at least the next 12 months.

Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Income comprises fees in relation to the provision of childcare and is recognised over the period in which the services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of seven 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.

Computer software is being amortised at various rates evenly over its useful economic life of one to three 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 - at varying rates on cost
Fixtures and fittings - 33% on cost
Office equipment - 33% on cost

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.

LITTLE BEAR'S DAY-CARE LIMITED (REGISTERED NUMBER: 09403806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and 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 accounts of cash with no significant risk of change in value.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial
statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 164,986 2,994 167,980
AMORTISATION
At 1 January 2023 16,404 192 16,596
Amortisation for year 23,569 1,074 24,643
At 31 December 2023 39,973 1,266 41,239
NET BOOK VALUE
At 31 December 2023 125,013 1,728 126,741
At 31 December 2022 148,582 2,802 151,384

LITTLE BEAR'S DAY-CARE LIMITED (REGISTERED NUMBER: 09403806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 58,391 29,894 6,653 94,938
Additions 906 29,316 - 30,222
At 31 December 2023 59,297 59,210 6,653 125,160
DEPRECIATION
At 1 January 2023 53,955 13,122 1,881 68,958
Charge for year 1,848 12,444 2,152 16,444
At 31 December 2023 55,803 25,566 4,033 85,402
NET BOOK VALUE
At 31 December 2023 3,494 33,644 2,620 39,758
At 31 December 2022 4,436 16,772 4,772 25,980

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,470 8,721
Prepayments and accrued income 13,190 14,243
15,660 22,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 14,704 28,518
Corporation tax 4,705 1,514
Social security and other taxes 15,690 9,053
Other creditors 69,187 53,196
Accrued expenses 26,112 21,702
140,398 123,983

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167

The company has an existing Bounce Back Loan of £50,000 repayable over 6 years in 60 monthly instalments commencing 13 months after drawdown date. The first 12 months interest is paid by the Government. The loan is secured by a Government backed guarantee. Interest is charged on the loan at 2.5% per annumn. At the balance sheet date, the balance of the loan was £24,167 (2022: £34,167).

LITTLE BEAR'S DAY-CARE LIMITED (REGISTERED NUMBER: 09403806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 69,875 70,235
Between one and five years 275,180 276,260
In more than five years 13,965 82,760
359,020 429,255

The company has two rent commitments with third parties which are due to last until January 2029 and July 2029.

Also included within the companies commitments is the lease of an interactive table which expires in November 2024.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 January 2023 45,704
Deficit for the year (27,637 )
At 31 December 2023 18,067

12. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,749 (2022: £5,678). Included in other creditors is the balance outstanding to the fund as at the year end £1,787 (2022: £1,466).

13. RELATED PARTY DISCLOSURES

Montreux Group Overseas Limited
Common control

During the year the company received loan advancements from Montreux Group Overseas Limited of £249,165 (2022: £356,577). Due to repayments of £239,594 the net balance due as at 31 December 2023 was £65,785 (2022: £51,631). Interest on the loan is charged at 12% per annum, £4,583 (2022: £2,311).

Montreux Group (Holdings) Limited
Common control

During the year, the company made net loan advances to Montreux Group (Holdings) Limited of £29,854. These were settled or transferred to Montreux Group Overseas Limited by the year end.

14. CONTROLLING PARTY

The controlling party is the director A M Collman by virtue of their majority shareholding.