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REGISTERED NUMBER: 12090431 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

THE ORCHARD KEW DAY NURSERY LIMITED

THE ORCHARD KEW DAY NURSERY LIMITED (REGISTERED NUMBER: 12090431)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THE ORCHARD KEW DAY NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: A Mehta
Mrs H Lukha





REGISTERED OFFICE: Georgian House
Park Lane
Stanmore
HA7 3HD





REGISTERED NUMBER: 12090431 (England and Wales)





AUDITORS: DSK Partners LLP
Chartered Accountants and Statutory Auditors
D S House
306 High Street
Croydon
Surrey
CR0 1NG

THE ORCHARD KEW DAY NURSERY LIMITED (REGISTERED NUMBER: 12090431)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,330,028 1,334,971

CURRENT ASSETS
Debtors 5 21,110 20,140
Cash at bank and in hand 37,571 35,630
58,681 55,770
CREDITORS
Amounts falling due within one year 6 513,827 560,388
NET CURRENT LIABILITIES (455,146 ) (504,618 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

874,882

830,353

CREDITORS
Amounts falling due after more than one
year

7

(34,463

)

(38,868

)

PROVISIONS FOR LIABILITIES (167,379 ) (127,356 )
NET ASSETS 673,040 664,129

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserve 8 552,719 552,719
Retained earnings 120,320 111,409
SHAREHOLDERS' FUNDS 673,040 664,129

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 31 October 2024 and were signed on its behalf by:





A Mehta - Director


THE ORCHARD KEW DAY NURSERY LIMITED (REGISTERED NUMBER: 12090431)

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


1. STATUTORY INFORMATION

The Orchard Kew Day Nursery 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 (£) rounded to the nearest Pound.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Going concern
As part of the directors assessment of going concern, they have prepared detailed cashflow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold property- 1% straight line
Short & long leasehold- 10% straight line
Fixtures and fittings- 10% straight line
Computer equipment- 10% straight line

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

REVALUATION OF TANGIBLE FIXED ASSETS
Fixed Assets are recognised initially at cost and subsequently at market value based on the amount at which the asset could be exchanged between knowledgeable parties at arm's-length. Land is not depreciated. Properties are revalued according to market conditions at the year-end. Unrealised gains and losses on revaluation is only realised on disposal of the asset.


THE ORCHARD KEW DAY NURSERY LIMITED (REGISTERED NUMBER: 12090431)

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


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 12 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 1,285,089 90,389 1,375,478
Additions 2,976 7,590 10,566
At 31 August 2023 1,288,065 97,979 1,386,044
DEPRECIATION
At 1 September 2022 20,413 20,094 40,507
Charge for year 7,140 8,407 15,547
Charge written back - (38 ) (38 )
At 31 August 2023 27,553 28,463 56,016
NET BOOK VALUE
At 31 August 2023 1,260,512 69,516 1,330,028
At 31 August 2022 1,264,676 70,295 1,334,971

THE ORCHARD KEW DAY NURSERY LIMITED (REGISTERED NUMBER: 12090431)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,201 9,224
Other debtors 15,909 10,916
21,110 20,140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37,993 86,368
Taxation and social security 49,598 14,831
Other creditors 426,236 459,189
513,827 560,388

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 34,463 38,868

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 12,407 12,376

8. RESERVES
Non-distributable
reserve
£   
At 1 September 2022
and 31 August 2023 552,719

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dhirajlal Shah FCA (Senior Statutory Auditor)
for and on behalf of DSK Partners LLP

THE ORCHARD KEW DAY NURSERY LIMITED (REGISTERED NUMBER: 12090431)

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


10. RELATED PARTY TRANSACTIONS

Park Hill School Limited, First Steps (London) Limited, Trade Tower Limited, The Study School Limited, Inspired Learning Group (UK) Limited, Essendene Lodge School Limited, Westbury House School Limited, Grange Park Preparatory School Limited, Oakseal Ltd., Buxlow Preparatory School Limited, St Christopher's School (Private) Limited, Saint Felix School Limited, Rookwood School Limited, Inspired Learning Group (London) (1) Limited, Danesfield Manor School Limited, St Francis College Limited, Inspired Learning Group (London) (2) Limited, and Yateley Manor School London Limited, Wood Wharf Kindergarten Limited are considered related parties by virtue of Mr A Mehta's interest in these entities. The amounts owed by the company to these related parties amount to £176,581 (2022: £338,581). No interest is charged on the balances.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party for the period was Mr A Mehta.

Mr A Mehta controls 100% of the share capital of Inspired Learning Group (London) Limited. which is the ultimate parent company of the group.

The registered office of Inspired Learning Group (London) Limited is Georgian House, Park Lane, Stanmore, England, HA7 3HD.

12. CHARGES

There exists cross guarantees amongst various group companies in favour of its bankers.