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REGISTERED NUMBER: 04615869 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

RYDAL DAY NURSERY LTD

RYDAL DAY NURSERY LTD (REGISTERED NUMBER: 04615869)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RYDAL DAY NURSERY LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: H J House





REGISTERED OFFICE: Bath House
6-8 Bath Street
Redcliffe
Bristol
BS1 6HL





REGISTERED NUMBER: 04615869 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

RYDAL DAY NURSERY LTD (REGISTERED NUMBER: 04615869)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 736,185 733,861
736,185 733,861

CURRENT ASSETS
Debtors 6 22,309 15,833
Cash at bank and in hand 39,466 37,297
61,775 53,130
CREDITORS
Amounts falling due within one year 7 (375,594 ) (344,741 )
NET CURRENT LIABILITIES (313,819 ) (291,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,366

442,250

CREDITORS
Amounts falling due after more than one
year

8

(295,937

)

(325,948

)
NET ASSETS 126,429 116,302

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 126,329 116,202
SHAREHOLDERS' FUNDS 126,429 116,302

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 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.

RYDAL DAY NURSERY LTD (REGISTERED NUMBER: 04615869)

Balance Sheet - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





H J House - Director


RYDAL DAY NURSERY LTD (REGISTERED NUMBER: 04615869)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. COMPANY INFORMATION

Rydal Day Nursery Ltd 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 company's principal activities and nature of its operations was that of a day nursery.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 20% on cost

Government grants
Government grants are recognised in the profit and loss account over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Those grants which become receivable for expenses or losses already incurred or for the purpose of giving
immediate financial support to the entity with no future related costs are recognised in income in the period in
which it becomes receivable.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

RYDAL DAY NURSERY LTD (REGISTERED NUMBER: 04615869)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 28 (2022 - 26 ) .

RYDAL DAY NURSERY LTD (REGISTERED NUMBER: 04615869)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 20,000
AMORTISATION
At 1 January 2023
and 31 December 2023 20,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 847,792 11,068 1,004 859,864
Additions - 24,130 1,646 25,776
Disposals - (620 ) - (620 )
At 31 December 2023 847,792 34,578 2,650 885,020
DEPRECIATION
At 1 January 2023 114,921 10,680 402 126,003
Charge for year 16,956 5,966 530 23,452
Eliminated on disposal - (620 ) - (620 )
At 31 December 2023 131,877 16,026 932 148,835
NET BOOK VALUE
At 31 December 2023 715,915 18,552 1,718 736,185
At 31 December 2022 732,871 388 602 733,861

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,260 11,771
Other debtors 1,600 1,750
Prepayments 2,449 2,312
22,309 15,833

RYDAL DAY NURSERY LTD (REGISTERED NUMBER: 04615869)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 39,278 39,614
Trade creditors 1,597 2,035
Tax 1,497 570
Social security and other taxes 911 2,723
Other creditors 179,738 165,656
Directors' current accounts 1,454 4,582
Accruals and deferred income 151,119 129,561
375,594 344,741

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 295,937 325,948

Included within creditors: amounts falling due after more than one year is an amount of £171,996 (2022 £192,607) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 335,215 365,562

The bank loans are secured by a floating charge over the land and buildings.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

11. RELATED PARTY DISCLOSURES

H J House is the sole director of Winash Limited. At the year end the company owed Winash Limited £178,487 (2022: £164,792), this is included in other creditors. The loan is interest free and has no set date of repayment.