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REGISTERED NUMBER: 13806592 (England and Wales)








THE NURSERY SCHOOL COMPANY HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






THE NURSERY SCHOOL COMPANY HOLDINGS LTD (REGISTERED NUMBER: 13806592)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

THE NURSERY SCHOOL COMPANY HOLDINGS LTD

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: O J Potton
C Potton





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: 13806592 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

THE NURSERY SCHOOL COMPANY HOLDINGS LTD (REGISTERED NUMBER: 13806592)

BALANCE SHEET
31 January 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 249,543 278,643
Tangible assets 5 545,789 415,903
795,332 694,546

CURRENT ASSETS
Debtors 6 53,232 21,222
Cash in hand 750 750
53,982 21,972
CREDITORS
Amounts falling due within one year 7 (244,770 ) (253,114 )
NET CURRENT LIABILITIES (190,788 ) (231,142 )
TOTAL ASSETS LESS CURRENT LIABILITIES 604,544 463,404

CREDITORS
Amounts falling due after more than one year 8 (628,921 ) (542,313 )
NET LIABILITIES (24,377 ) (78,909 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24,477 ) (79,009 )
(24,377 ) (78,909 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 NURSERY SCHOOL COMPANY HOLDINGS LTD (REGISTERED NUMBER: 13806592)

BALANCE SHEET - continued
31 January 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 Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:




O J Potton - Director



C Potton - Director


THE NURSERY SCHOOL COMPANY HOLDINGS LTD (REGISTERED NUMBER: 13806592)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024


1. STATUTORY INFORMATION

The Nursery School Company Holdings 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 place of business is Charlwood Road, Lowfield Heath, Crawley, RH11 0QA.

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
The directors consider that the company remains a going concern and are committed to financially supporting the business in the initial establishment and growth phase. The financial statements have therefore, been prepared on a going concern basis.

Turnover
Turnover represents the fair value of consideration receivable from the provision of nursery school daycare and early education in the ordinary course of business.

Turnover comprises of the following:

Turnover from nursery school daycare and early education represents the fees received from children who attend the nursery for full or half day sessions over the course of the child's nursery attendance.
A fee is incurred as soon as a child is registered at the nursery to reflect the up front administrative costs for registering the child.

Turnover from local authorities relates to revenue grants receivable which are accounted for under the accruals model, recognised when the company is entitled to the income and the grant can be reliably estimated.

Goodwill
Goodwill purchased on business combinations and acquisitions is the excess of the cost of the acquisition over the interest in the net fair value of identifiable assets and liabilities acquired, and is capitalised as an asset on the balance sheet and is recognised as an intangible fixed asset.

Goodwill is amortised over its estimated useful life of 10 years and the amortisation charge is included in administrative expenses. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that the carrying value may not be recoverable.

THE NURSERY SCHOOL COMPANY HOLDINGS LTD (REGISTERED NUMBER: 13806592)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at their cost price less accumulated depreciation. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its estimated useful life, as follows:

Freehold improvements - 15 years, straight line
Plant & machinery - 5/10 years, straight line
Computer equipment - 3 years, straight line

On disposal, the difference between net proceeds and the carrying amount of the asset is recognised in the profit and loss account and is included within administrative expenses.

Financial instruments
Financial instruments are classified by the directors as basic or non-basic, following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest rate method. The company has no non-basic financial instruments.

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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 32 (2023 - 12 ) .

THE NURSERY SCHOOL COMPANY HOLDINGS LTD (REGISTERED NUMBER: 13806592)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 February 2023
and 31 January 2024 291,001
AMORTISATION
At 1 February 2023 12,358
Charge for year 29,100
At 31 January 2024 41,458
NET BOOK VALUE
At 31 January 2024 249,543
At 31 January 2023 278,643

5. TANGIBLE FIXED ASSETS
Improvements Plant and Computer
to property machinery equipment Totals
£ £ £ £
COST
At 1 February 2023 328,744 96,348 3,480 428,572
Additions 168,519 6,046 738 175,303
At 31 January 2024 497,263 102,394 4,218 603,875
DEPRECIATION
At 1 February 2023 5,847 5,895 927 12,669
Charge for year 31,671 12,577 1,169 45,417
At 31 January 2024 37,518 18,472 2,096 58,086
NET BOOK VALUE
At 31 January 2024 459,745 83,922 2,122 545,789
At 31 January 2023 322,897 90,453 2,553 415,903

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 39,371 -
Other debtors 13,861 21,222
53,232 21,222

THE NURSERY SCHOOL COMPANY HOLDINGS LTD (REGISTERED NUMBER: 13806592)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 62,786
Taxation and social security 18,075 -
Other creditors 226,695 190,328
244,770 253,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 628,921 542,313

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 71,972 73,963
Between one and five years 264,000 269,972
In more than five years 572,000 638,000
907,972 981,935

10. DEFERRED TAX

Included within other debtors is a deferred tax asset of £4,266 (2023: £20,160). This is made up of capital allowances of £49,280 (2023: £33,840) offset by £53,546 (2023: £54,000) of taxable losses.

11. RELATED PARTY DISCLOSURES

Included within other creditors due after more than one year is an amount of £628,921 (2023: £542,313) payable to The Nursery School Company Limited which has a director in common. Interest is charged at 7.5% per annum and the loan is repayable in more than one year.

Included within other creditors is an amount of £22,352 (2023: £22,352) payable to Cortona Property Group Limited which has a director in common. No interest is charged and the loan is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE NURSERY SCHOOL COMPANY HOLDINGS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Nursery School Company Holdings Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Nursery School Company Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Nursery School Company Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of The Nursery School Company Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Nursery School Company Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Nursery School Company Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Nursery School Company Holdings Ltd. You consider that The Nursery School Company Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Nursery School Company Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Director, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


24 October 2024