33 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 5889370 2023-04-01 2024-03-31 5889370 2024-03-31 5889370 2023-03-31 5889370 2022-04-01 2023-03-31 5889370 2023-03-31 5889370 2022-03-31 5889370 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 5889370 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 5889370 bus:Director1 2023-04-01 2024-03-31 5889370 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 5889370 core:FurnitureFittingsToolsEquipment 2023-03-31 5889370 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 5889370 core:FurnitureFittingsToolsEquipment 2024-03-31 5889370 core:WithinOneYear 2024-03-31 5889370 core:WithinOneYear 2023-03-31 5889370 core:ShareCapital 2024-03-31 5889370 core:ShareCapital 2023-03-31 5889370 core:RetainedEarningsAccumulatedLosses 2024-03-31 5889370 core:RetainedEarningsAccumulatedLosses 2023-03-31 5889370 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 5889370 core:FurnitureFittingsToolsEquipment 2023-03-31 5889370 bus:SmallEntities 2023-04-01 2024-03-31 5889370 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 5889370 bus:FullAccounts 2023-04-01 2024-03-31 5889370 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 5889370 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Company registration number: 5889370
Budbrooke House Children's Nurseries (Warwick) Limited
Unaudited filleted financial statements
31 March 2024
Budbrooke House Children's Nurseries (Warwick) Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 54,020 27,052
_______ _______
54,020 27,052
Current assets
Stocks 650 650
Debtors 6 182,752 264,500
Cash at bank and in hand 214,675 119,340
_______ _______
398,077 384,490
Creditors: amounts falling due
within one year 7 ( 103,041) ( 71,969)
_______ _______
Net current assets 295,036 312,521
_______ _______
Total assets less current liabilities 349,056 339,573
Provisions for liabilities ( 10,827) ( 2,591)
_______ _______
Net assets 338,229 336,982
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 338,227 336,980
_______ _______
Shareholders funds 338,229 336,982
_______ _______
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
A Hemming
Director
Company registration number: 5889370
Budbrooke House Children's Nurseries (Warwick) Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Huxley House, 11 William Street, Redditch, B97 4AJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis unless otherwise specified within these accounting policies.
Turnover
Turnover is recognised at the fair value of childcare services provided during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - 10 % straight line
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are valued at cost.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
Trade debtors
Trade debtors are measured at transaction value, less any impairment for doubtful debts.
Trade creditors
Trade creditors are measured at transaction value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 33 (2023: 32 ).
5. Tangible assets
Long leasehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 April 2023 156,016 106,792 262,808
Additions - 41,935 41,935
_______ _______ _______
At 31 March 2024 156,016 148,727 304,743
_______ _______ _______
Depreciation
At 1 April 2023 140,163 95,592 235,755
Charge for the year 5,142 9,826 14,968
_______ _______ _______
At 31 March 2024 145,305 105,418 250,723
_______ _______ _______
Carrying amount
At 31 March 2024 10,711 43,309 54,020
_______ _______ _______
At 31 March 2023 15,853 11,200 27,053
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors - 3,335
Amounts owed by group undertakings and undertakings in which the company has a participating interest 180,688 254,088
Other debtors 2,064 7,077
_______ _______
182,752 264,500
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 2,629 990
Amounts owed to group undertakings and undertakings in which the company has a participating interest 47,065 21,752
Social security and other taxes 42,159 41,781
Other creditors 11,188 7,446
_______ _______
103,041 71,969
_______ _______
8. Controlling party
The company is a subsidiary of Claverdon Montessori Nursery Ltd. The Registered Office address is: Huxley House, 11 William Street, Redditch B97 4AJ.