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REGISTERED NUMBER: 04018123 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Child First Limited

Child First Limited (Registered number: 04018123)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Child First Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: T Goble
G Kelly
Ms A J Ryan





REGISTERED OFFICE: 62 The Street
Rustington
West Sussex
BN16 3NR





REGISTERED NUMBER: 04018123 (England and Wales)





ACCOUNTANTS: Hills & Peeks
Accountants, Business & Tax Advisers
62 The Street
Rustington
West Sussex
BN16 3NR

Child First Limited (Registered number: 04018123)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,938,461 3,916,496

CURRENT ASSETS
Debtors 5 504,851 200,644
Cash at bank and in hand 270,396 309,176
775,247 509,820
CREDITORS
Amounts falling due within one year 6 (894,455 ) (806,211 )
NET CURRENT LIABILITIES (119,208 ) (296,391 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,819,253

3,620,105

CREDITORS
Amounts falling due after more than one
year

7

(2,293,846

)

(2,480,684

)
NET ASSETS 1,525,407 1,139,421

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,525,404 1,139,418
SHAREHOLDERS' FUNDS 1,525,407 1,139,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Child First Limited (Registered number: 04018123)

Balance Sheet - continued
30 June 2024


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 21 January 2025 and were signed on its behalf by:




Ms A J Ryan - Director



T Goble - Director


Child First Limited (Registered number: 04018123)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Child First 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on reducing balance and 25% 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.

Child First Limited (Registered number: 04018123)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


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 25 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 3,878,084 127,778 4,005,862
Additions - 38,975 38,975
Disposals - (5,350 ) (5,350 )
At 30 June 2024 3,878,084 161,403 4,039,487
DEPRECIATION
At 1 July 2023 - 89,366 89,366
Charge for year - 12,998 12,998
Eliminated on disposal - (1,338 ) (1,338 )
At 30 June 2024 - 101,026 101,026
NET BOOK VALUE
At 30 June 2024 3,878,084 60,377 3,938,461
At 30 June 2023 3,878,084 38,412 3,916,496

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 137,431 -
Other debtors 367,420 200,644
504,851 200,644

Child First Limited (Registered number: 04018123)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 170,000 158,500
Taxation and social security 254,448 197,990
Other creditors 470,007 449,721
894,455 806,211

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 2,293,846 2,480,684

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 1,508,846 1,722,612

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 2,463,846 2,639,184

The nature of the security is a first charge and unlimited debenture over the company's freehold properties and assets .

Child First Limited (Registered number: 04018123)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
T Goble
Balance outstanding at start of year - -
Amounts advanced 22,161 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,161 -

G Kelly
Balance outstanding at start of year - -
Amounts advanced 83,806 -
Amounts repaid (62,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,806 -

Ms A J Ryan
Balance outstanding at start of year (44,506 ) (9,284 )
Amounts advanced 157,065 99,778
Amounts repaid (45,000 ) (135,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,559 (44,506 )

10. RELATED PARTY DISCLOSURES

During the year the company received rent of £48,000 (2023 - £48,000) from Seadown House Limited, a company 100% controlled by the directors, on normal commercial terms.

During the year the company paid rent of £4,200 (2023: £NIL) to First Propertys Limited, a company 100% controlled by the directors, on normal commercial terms.

11. POST BALANCE SHEET EVENTS

On the 17 July 2024 the company purchased a further freehold property for £1,200,000. The purchase was part funded via a mortgage of £1,111,000.