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Registered number: 14015790
Nara Nurseries Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants (Loughborough) Ltd
FMAAT
95 Ashby Road
Loughborough
Leicestershire
LE11 3AB
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14015790
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 500 833
Tangible Assets 5 464,099 62,584
464,599 63,417
CURRENT ASSETS
Debtors 6 (11,836 ) 12,445
Cash at bank and in hand 112,143 63,231
100,307 75,676
Creditors: Amounts Falling Due Within One Year 7 (615,494 ) (216,976 )
NET CURRENT ASSETS (LIABILITIES) (515,187 ) (141,300 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,588 ) (77,883 )
NET LIABILITIES (50,588 ) (77,883 )
CAPITAL AND RESERVES
Called up share capital 8 6 6
Profit and Loss Account (50,594 ) (77,889 )
SHAREHOLDERS' FUNDS (50,588) (77,883)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs G M Medhurst
Director
13 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nara Nurseries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14015790 . The registered office is C/O Hcr Hewitsons, 50/60 Station Road, Cambridge, CB1 2JH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from nursery fees. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It is amortised to profit and loss account over its estimated economic life of three years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the term of the lease 10 and 25 years
Fixtures & Fittings 4 years SL
Computer Equipment 3 years SL
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2023: 15)
31 15
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 1,000
As at 31 March 2024 1,000
Amortisation
As at 1 April 2023 167
Provided during the period 333
As at 31 March 2024 500
Net Book Value
As at 31 March 2024 500
As at 1 April 2023 833
Page 3
Page 4
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 32,869 27,966 4,420 65,255
Additions 387,823 38,383 5,222 431,428
As at 31 March 2024 420,692 66,349 9,642 496,683
Depreciation
As at 1 April 2023 825 1,302 544 2,671
Provided during the period 16,178 11,757 1,978 29,913
As at 31 March 2024 17,003 13,059 2,522 32,584
Net Book Value
As at 31 March 2024 403,689 53,290 7,120 464,099
As at 1 April 2023 32,044 26,664 3,876 62,584
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors (31,231 ) 1,664
Prepayments and accrued income 19,395 4,554
Other debtors - 6,227
(11,836 ) 12,445
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,643 9,033
Other loans 507,500 160,000
Other taxes and social security 11,994 6,577
Other creditors 11,000 21,272
Accruals and deferred income 43,357 5,094
Director's loan account 15,000 15,000
615,494 216,976
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 4
Page 5
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 40,000 -
Later than one year and not later than five years 526,904 -
566,904 -
Page 5