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REGISTERED NUMBER: 07441333 (England and Wales)















Financial Statements for the Year Ended 20 December 2023

for

Top Class Nursery Holdings Limited

Top Class Nursery Holdings Limited (Registered number: 07441333)






Contents of the Financial Statements
for the Year Ended 20 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Top Class Nursery Holdings Limited

Company Information
for the Year Ended 20 December 2023







DIRECTORS: Mrs E Ludden
T Ludden
Miss K H Ludden





REGISTERED OFFICE: Dukes and Duchesses Private Day Nursery
Dukes Terrace
Duke Street
Liverpool
Merseyside
L1 4JS





REGISTERED NUMBER: 07441333 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Top Class Nursery Holdings Limited (Registered number: 07441333)

Balance Sheet
20 December 2023

20.12.23 20.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 960,000 960,000
Investment property 5 1,160,000 1,000,000
2,120,000 1,960,000

CURRENT ASSETS
Debtors 6 679,958 576,242
Cash at bank 20,300 149,727
700,258 725,969
CREDITORS
Amounts falling due within one year 7 276,393 190,139
NET CURRENT ASSETS 423,865 535,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,543,865

2,495,830

CREDITORS
Amounts falling due after more than
one year

8

(405,174

)

(434,055

)

PROVISIONS FOR LIABILITIES (331,065 ) (264,852 )
NET ASSETS 1,807,626 1,796,923

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,807,526 1,796,823
SHAREHOLDERS' FUNDS 1,807,626 1,796,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 20 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.

Top Class Nursery Holdings Limited (Registered number: 07441333)

Balance Sheet - continued
20 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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





T Ludden - Director


Top Class Nursery Holdings Limited (Registered number: 07441333)

Notes to the Financial Statements
for the Year Ended 20 December 2023

1. STATUTORY INFORMATION

Top Class Nursery Holdings 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on net rental income, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised as the rents become due.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
The investment property is measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise.

Deferred tax is charged to the profit and loss if the fair value of investment properties is higher than cost.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.

Top Class Nursery Holdings Limited (Registered number: 07441333)

Notes to the Financial Statements - continued
for the Year Ended 20 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 21 December 2022
and 20 December 2023 960,000
NET BOOK VALUE
At 20 December 2023 960,000
At 20 December 2022 960,000

Cost or valuation at 20 December 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2016 870,000
Cost 90,000
960,000

Top Class Nursery Holdings Limited (Registered number: 07441333)

Notes to the Financial Statements - continued
for the Year Ended 20 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 21 December 2022 1,000,000
Additions 124,586
Revaluations 35,414
At 20 December 2023 1,160,000
NET BOOK VALUE
At 20 December 2023 1,160,000
At 20 December 2022 1,000,000

Fair value at 20 December 2023 is represented by:
£   
Valuation in 2016 454,261
Valuation in 2023 35,414
Cost 670,325
1,160,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.12.23 20.12.22
£    £   
Amounts owed by associates 22,438 19,538
Other debtors 657,520 556,704
679,958 576,242

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.12.23 20.12.22
£    £   
Bank loans and overdrafts 28,882 28,882
Amounts owed to group undertakings 137,998 110,616
Taxation and social security 106,495 48,141
Other creditors 3,018 2,500
276,393 190,139

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20.12.23 20.12.22
£    £   
Bank loans 405,174 434,055

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 277,102 302,983

Top Class Nursery Holdings Limited (Registered number: 07441333)

Notes to the Financial Statements - continued
for the Year Ended 20 December 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

20.12.23 20.12.22
£    £   
Bank loans 426,306 452,188

A fixed charge over the assets of the company is held by Assetz Capital Trust Company Limited.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate a current account to which transactions of a private nature are posted. As at the year end an amount of £425,019, (2022 £377,262) and £76,585, (2022 £65,975) was included in other debtors, in respect of Mrs E Ludden and Mr T Ludden.

Interest has been charged at 2.25%.

11. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £137,998, (2022 £110,616) owed to Top Class Day Nursery Limited, a company under the control of Mrs E Ludden.

Included within other debtors is an amount of £17,737, (2022 £,16,038), owing from APFS Limited, a company under the control of Mr T Ludden.

Included within other debtors is an amount of £4,700, (2022 £3,500), owing from 44 Olive Lane Management Company Limited, a company under the control of Mr T Ludden.

All loans are interest free and repayable on demand.