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REGISTERED NUMBER: 05744937 (England and Wales)






College Grove Nursery Limited

Financial Statements

for the Year Ended 28 February 2024






College Grove Nursery Limited (Registered number: 05744937)

Contents of the Financial Statements
for the year ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


College Grove Nursery Limited

Company Information
for the year ended 28 February 2024







DIRECTORS: Mrs C B Cody-Owen
Mrs G L Lamport





REGISTERED OFFICE: 43 Philip Garth
Outwood
Wakefield
West Yorkshire
WF1 2LS





REGISTERED NUMBER: 05744937 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

College Grove Nursery Limited (Registered number: 05744937)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,624 6,925

CURRENT ASSETS
Debtors 5 366,793 356,550
Cash at bank 13,136 55,373
379,929 411,923
CREDITORS
Amounts falling due within one year 6 216,947 267,029
NET CURRENT ASSETS 162,982 144,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,606

151,819

PROVISIONS FOR LIABILITIES 7,692 726
NET ASSETS 200,914 151,093

College Grove Nursery Limited (Registered number: 05744937)

Balance Sheet - continued
28 February 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings 200,911 151,090
SHAREHOLDERS' FUNDS 200,914 151,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 17 December 2024 and were signed on its behalf by:





Mrs C B Cody-Owen - Director


College Grove Nursery Limited (Registered number: 05744937)

Notes to the Financial Statements
for the year ended 28 February 2024


1. STATUTORY INFORMATION

College Grove Nursery Limited is a private limited 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. The company's principal place of business is College Grove Sports Ground, 9 Eastmoor Road,Wakefield, WF1 3RZ

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 represents amounts invoiced during the year for child day-care services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Fixed assets are initially recorded at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


College Grove Nursery Limited (Registered number: 05744937)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


2. ACCOUNTING POLICIES - continued
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.

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 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2023 2,326 5,939 8,265
Additions 2,777 50,350 53,127
Disposals (715 ) - (715 )
At 28 February 2024 4,388 56,289 60,677
DEPRECIATION
At 1 March 2023 582 758 1,340
Charge for year 993 12,899 13,892
Eliminated on disposal (179 ) - (179 )
At 28 February 2024 1,396 13,657 15,053
NET BOOK VALUE
At 28 February 2024 2,992 42,632 45,624
At 28 February 2023 1,744 5,181 6,925

College Grove Nursery Limited (Registered number: 05744937)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,176 1,402
Amounts owed by group undertakings 360,110 354,214
Other debtors 2,041 -
Prepayments 1,466 934
366,793 356,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,407 10,423
Amounts owed to group undertakings - 13,306
Amounts owed to participating interests 157,538 178,698
Tax 15,289 13,008
Social security and other taxes - 3,714
Other creditors 10,159 9,893
Accruals and deferred income 21,554 37,987
216,947 267,029

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2024 and 28 February 2023:

2024 2023
£    £   
Ms M D Harrison
Balance outstanding at start of year - 42,947
Amounts repaid - (42,947 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

College Grove Nursery Limited (Registered number: 05744937)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


9. RELATED PARTY DISCLOSURES

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.

The company is a wholly owned subsidiary of College Grove Holdings Limited, and its ultimate parent company is Future Einsteins (College Grove) Limited, a company registered in England & Wales, whose registered office is:

43 Philip Garth
Outwood
Wakefield
West Yorkshire
WF1 2LS