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REGISTERED NUMBER: 10356049 (England and Wales)















MERRYVALE DAY NURSERY LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






MERRYVALE DAY NURSERY LIMITED (REGISTERED NUMBER: 10356049)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MERRYVALE DAY NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A Rupal
Mrs R Rupal





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 10356049 (England and Wales)

MERRYVALE DAY NURSERY LIMITED (REGISTERED NUMBER: 10356049)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 325,000 350,000
Tangible assets 5 27,505 26,608
352,505 376,608

CURRENT ASSETS
Debtors 6 2,780 2,729
Cash at bank and in hand 15,247 33,712
18,027 36,441
CREDITORS
Amounts falling due within one year 7 369,532 412,049
NET CURRENT LIABILITIES (351,505 ) (375,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000

1,000

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
SHAREHOLDERS' FUNDS 1,000 1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 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 29 August 2024 and were signed on its behalf by:




Mrs R Rupal - Director


MERRYVALE DAY NURSERY LIMITED (REGISTERED NUMBER: 10356049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Merryvale 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, 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.

Business Information are being amortised evenly over their estimated useful life of twenty years.

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 - 10% on reducing balance
Computer equipment - 15% on reducing balance

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.

MERRYVALE DAY NURSERY LIMITED (REGISTERED NUMBER: 10356049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

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 17 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Business
Goodwill Information Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 450,000 50,000 500,000
AMORTISATION
At 1 December 2022 135,000 15,000 150,000
Amortisation for year 22,500 2,500 25,000
At 30 November 2023 157,500 17,500 175,000
NET BOOK VALUE
At 30 November 2023 292,500 32,500 325,000
At 30 November 2022 315,000 35,000 350,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 36,929 2,055 38,984
Additions 3,288 781 4,069
At 30 November 2023 40,217 2,836 43,053
DEPRECIATION
At 1 December 2022 11,623 753 12,376
Charge for year 2,860 312 3,172
At 30 November 2023 14,483 1,065 15,548
NET BOOK VALUE
At 30 November 2023 25,734 1,771 27,505
At 30 November 2022 25,306 1,302 26,608

MERRYVALE DAY NURSERY LIMITED (REGISTERED NUMBER: 10356049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Other debtors 1,000 1,000
Prepayments 1,780 1,729
2,780 2,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 10,394 5,223
Tax 345 13,194
Social security and other taxes 5,843 5,663
Other creditors 6,033 6,033
Intercompany 341,075 378,827
Nest pensions 1,540 1,056
Credit Card 70 -
Directors' current accounts 2,474 415
Accrued expenses 1,758 1,638
369,532 412,049

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

Profit for the year 4,248
Dividends (4,248 )
At 30 November 2023 -

10. ULTIMATE CONTROLLING PARTY

The controlling party is Tinkerbells Nursery & Pre Schoollimited.

Tinkerbells Nursery & Pre School Limited is regarded by the directors as being the company's ultimate controlling company.