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REGISTERED NUMBER: 07915496 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LITTLE DIAMONDS NURSERY LIMITED

LITTLE DIAMONDS NURSERY LIMITED (REGISTERED NUMBER: 07915496)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


LITTLE DIAMONDS NURSERY LIMITED (REGISTERED NUMBER: 07915496)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,215,452 1,115,105

CURRENT ASSETS
Debtors 5 19,677 25,290
Prepayments and accrued income 3,866 8,520
Cash at bank and in hand 743,530 612,289
767,073 646,099
CREDITORS
Amounts falling due within one year 6 345,954 278,997
NET CURRENT ASSETS 421,119 367,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,636,571

1,482,207

CREDITORS
Amounts falling due after more than one
year

7

(366,182

)

(394,853

)

PROVISIONS FOR LIABILITIES (5,246 ) (2,850 )
NET ASSETS 1,265,143 1,084,504

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 1,265,142 1,084,503
SHAREHOLDERS' FUNDS 1,265,143 1,084,504

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.

LITTLE DIAMONDS NURSERY LIMITED (REGISTERED NUMBER: 07915496)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





A D O'Sullivan - Director


LITTLE DIAMONDS NURSERY LIMITED (REGISTERED NUMBER: 07915496)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Little Diamonds Nursery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07915496

Registered office: 206 Northcote Road
Walthamstow
London
E17 7DH

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

LITTLE DIAMONDS NURSERY LIMITED (REGISTERED NUMBER: 07915496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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 45 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and Computer
property leasehold fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 1,038,065 62,040 52,250 6,594 1,158,949
Additions 65,948 27,568 8,769 3,939 106,224
At 31 January 2024 1,104,013 89,608 61,019 10,533 1,265,173
DEPRECIATION
At 1 February 2023 - - 40,539 3,305 43,844
Charge for year - - 4,431 1,446 5,877
At 31 January 2024 - - 44,970 4,751 49,721
NET BOOK VALUE
At 31 January 2024 1,104,013 89,608 16,049 5,782 1,215,452
At 31 January 2023 1,038,065 62,040 11,711 3,289 1,115,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,733 13,986
Other debtors 9,944 11,304
19,677 25,290

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 44,947 44,947
Trade creditors 31,105 30,178
Taxation and social security 98,878 67,407
Other creditors 171,024 136,465
345,954 278,997

LITTLE DIAMONDS NURSERY LIMITED (REGISTERED NUMBER: 07915496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 366,182 394,853

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 186,394 215,065

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 44,947 44,947

Amounts falling due between one and two years:
Bank loans - 1-2 years 44,947 44,947

Amounts falling due between two and five years:
Bank loans - 2-5 years 134,841 134,841

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 186,394 215,065

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 411,129 439,800

The bank loans are secured by way of a fixed charge over its freehold property at 204 Northcote Road, London, E17 7DH.

The bank loans are repayable over the period until 2030.

LITTLE DIAMONDS NURSERY LIMITED (REGISTERED NUMBER: 07915496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


20242023
£   £   
Amounts owed by/(to) H O'Sullivan (Director)(10,198)(95)