Company registration number 11217111 (England and Wales)
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
COMPANY INFORMATION
Director
Mrs P Sandhu-Knott
Company number
11217111
Registered office
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
Accountants
Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
11,762
39,990
Tangible assets
4
13,967
15,051
25,729
55,041
Current assets
Debtors
5
59,374
13,682
Cash at bank and in hand
48,546
53,777
107,920
67,459
Creditors: amounts falling due within one year
6
(55,997)
(47,279)
Net current assets
51,923
20,180
Total assets less current liabilities
77,652
75,221
Creditors: amounts falling due after more than one year
7
(75,000)
(75,000)
Provisions for liabilities
(2,655)
(2,771)
Net liabilities
(3)
(2,550)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(103)
(2,650)
Total equity
(3)
(2,550)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 9 January 2025
Mrs P Sandhu-Knott
Director
Company registration number 11217111 (England and Wales)
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information
Honey Pot House Day Nursery (Knowle) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, United Kingdom, B44 8LS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The financial statements have been prepared on a 'going concern basis', which places reliance on the continued support of the company's parent company. The director has received assurances that this support will continue to be provided, and that the parent company will not seek repayment of the amount due to them until such time as the company is able to do so without detriment to its ability to meet its liabilities to external creditors as and when they fall due. No provision has been made for the difference between asset values appearing in the balance sheet and their realisable values should the company be wound up, nor for any costs of liquidation.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
1.4
Intangible fixed assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
10% on straight line
Fixtures and fittings
15% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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.
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
11
10
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
141,140
Amortisation and impairment
At 1 May 2023
101,150
Amortisation charged for the year
28,228
At 30 April 2024
129,378
Carrying amount
At 30 April 2024
11,762
At 30 April 2023
39,990
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
4
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2023
6,187
18,526
24,713
Additions
1,272
1,272
At 30 April 2024
6,187
19,798
25,985
Depreciation and impairment
At 1 May 2023
2,219
7,443
9,662
Depreciation charged in the year
619
1,737
2,356
At 30 April 2024
2,838
9,180
12,018
Carrying amount
At 30 April 2024
3,349
10,618
13,967
At 30 April 2023
3,968
11,083
15,051
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
18,222
5,576
Other debtors
41,152
8,106
59,374
13,682
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
475
600
Amounts owed to group undertakings
17,667
23,667
Taxation and social security
9,744
10,840
Other creditors
28,111
12,172
55,997
47,279
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
75,000
75,000
HONEY POT HOUSE DAY NURSERY (KNOWLE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
Within one year
39,996
39,996
Between two and five years
159,984
159,984
In over five years
16,665
56,661
216,645
256,641