Registered number
05723427
Immanuel Childcare Limited
Filleted Accounts
29 February 2024
Immanuel Childcare Limited
Registered number: 05723427
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,040,000 1,040,000
Current assets
Cash at bank and in hand 201 4,520
Creditors: amounts falling due within one year 4 (9,312) 2,933
Net current (liabilities)/assets (9,111) 7,453
Total assets less current liabilities 1,030,889 1,047,453
Creditors: amounts falling due after more than one year 5 (787,831) (814,591)
Net assets 243,058 232,862
Capital and reserves
Called up share capital 2 2
Revaluation reserve 6 236,278 236,278
Profit and loss account 6,778 (3,418)
Shareholder's funds 243,058 232,862
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Theodora Adebanjo
Director
Approved by the board on 29 November 2024
Immanuel Childcare Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% Reducing balancing; 100% in year of purchase
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 15
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 1,040,000 58,743 1,098,743
At 29 February 2024 1,040,000 58,743 1,098,743
Depreciation
At 1 March 2023 - 58,743 58,743
At 29 February 2024 - 58,743 58,743
Net book value
At 29 February 2024 1,040,000 - 1,040,000
At 28 February 2023 1,040,000 - 1,040,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 9,312 (2,933)
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 522,085 457,835
Director account 265,746 356,756
787,831 814,591
6 Revaluation reserve 2024 2023
£ £
At 1 March 2023 236,278 236,278
At 29 February 2024 236,278 236,278
7 Other information
Immanuel Childcare Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Haling Park Road
South Croydon
Surrey
CR2 6NG
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