Company registration number 04322075 (England and Wales)
THE HOLLIES NURSERY LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
THE HOLLIES NURSERY LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 13
THE HOLLIES NURSERY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
31 December 2023
30 November 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
230,052
261,093
Current assets
Debtors
5
20,327
61,193
Cash at bank and in hand
32,104
14,896
52,431
76,089
Creditors: amounts falling due within one year
6
(84,287)
(108,261)
Net current liabilities
(31,856)
(32,172)
Total assets less current liabilities
198,196
228,921
Creditors: amounts falling due after more than one year
7
(1,203)
(33,759)
Provisions for liabilities
8
(21,390)
(3,419)
Net assets
175,603
191,743
Capital and reserves
Called up share capital
104
104
Profit and loss reserves
175,499
191,639
Total equity
175,603
191,743
The notes on pages 3 to 13 form part of these financial statements.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
The financial statements were approved by the board of directors and authorised for issue on 21 January 2025 and are signed on its behalf by:
T Kilby
Director
Company Registration No. 04322075
THE HOLLIES NURSERY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 December 2021
104
179,451
179,555
Year ended 30 November 2022:
Profit and total comprehensive income for the year
-
103,648
103,648
Dividends
-
(91,460)
(91,460)
Balance at 30 November 2022
104
191,639
191,743
Period ended 31 December 2023:
Profit and total comprehensive income for the period
-
21,135
21,135
Dividends
-
(37,275)
(37,275)
Balance at 31 December 2023
104
175,499
175,603
The notes on pages 3 to 13 form part of these financial statements.
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information
The Hollies Nursery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Sanatorium Road, Canton, Cardiff, United Kingdom, CF11 8DG.
1.1
Reporting period
The prior reported period was for 12 months from 1 December 2021 to 30 November 2022. The reason for the change in the reporting period was to align the period end with that of the group. The current period is for more than 12 months from 1 December 2022 to year ended 31 December 2023. The two periods are therefore not necessarily comparable.
1.2
Accounting convention
Basis of preparation
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.
Exemption from preparing consolidated financial statements
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company is therefore exempt from the requirement to prepare consolidated financial statements.
The Hollies Nursery Limited is a wholly owned subsidiary of Happy Days Day Nurseries Limited and the results of The Hollies Nursery Limited are included in the consolidated financial statements of Pittshanger Holdco Ltd which are available from Happy Days Nuseries Chapel Town Business Park, Summercourt, Newquay, England, TR8 5YA.
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.3
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The Company is part of the Happy Days Nursery Group of companies, headed by Pittshanger Holdco Limited. The Company, through the Group has access to finance facilities provided by the owner Zetland Capital, which can be drawn down to support the Group’s acquisition strategy and to fund working capital needs. These facilities have a final repayment date of July 2027.
The Company has received a commitment from the parent company that it will continue to provide financial support to the company, if required for a period of at least 12 months from the approval of these financial statements. In addition, confirmation has been received that intercompany loan balances will not be recalled unless sufficient liquidity exists.
As at the reporting date the Company had net current liabilities of £31,856 (2022: net current liabilities of £32,172), including £5,940 (2022: £Nil) due to Group undertakings. As part of their assessment, the directors have reviewed the financial projections and facilities available to satisfy themselves that there is sufficient cash and headroom on loan covenants to support the going concern basis.
Based on this review the Directors believe that it remains appropriate to prepare the financial statements on a going concern basis.
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. Revenue is recognised in the period to which it relates.
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 improvements
Straight line over the life of the lease
Fixtures and fittings
Between 10% and 33% straight line
IT Equipment
33% straight line
Motor vehicles
25% straight line
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.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Tangible fixed assets also comprise assets in the course of construction which are held at cost. Depreciation is due to commence when the assets are fully operational.
1.6
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in statement of comprehensive income, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in statement of comprehensive income, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.7
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
1.8
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through statement of comprehensive income, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in statement of comprehensive income.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in statement of comprehensive income.
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
1.9
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.10
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 7 -
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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.11
Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
1.12
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.13
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.14
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to statement of comprehensive income so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to statement of comprehensive income 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.
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 8 -
1.15
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
1.16
The company has taken advantage of the exemption available 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 members within the group.
1.17
Finance costs are charged to the statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
1.18
Exceptional costs are disclosed separately in the financial statements where it is necessary to do so to provide further understanding of the financial performance of the company. They are costs that are material either because of their size or their nature, and are considered nonrecurring. These items are presented within the line items to which they best relate and reported separately as exceptional costs.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The directors consider there to be no critical accounting estimates or judgements that are material to the company.
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Useful economic life of assets
The useful economic life of assets are determined based on management's judgement, considering the specific circumstances of the tangible assets and the expected period over which the assets will contribute to the entity's cash flows.
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
2
Judgements and key sources of estimation uncertainty
(Continued)
- 9 -
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Dilapidation provision
The company has assessed whether at the reporting date, a provision is required in respect of the obligation stated in the lease to return a property to the original condition. The provision is based on an estimate of the cost required considering the condition and size of the property. The estimate of the provision is revisited at each reporting date.
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
40
37
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
IT Equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2022
515,534
46,350
11,499
573,383
Additions
1,434
5,462
3,292
10,188
Disposals
(6,127)
(6,127)
Transfers
5,402
(19,327)
13,925
At 31 December 2023
522,370
26,358
17,217
11,499
577,444
Depreciation and impairment
At 1 December 2022
278,982
31,552
1,756
312,290
Depreciation charged in the period
30,159
7,377
579
3,114
41,229
Eliminated in respect of disposals
(6,127)
(6,127)
Transfers
5,402
(11,716)
6,314
At 31 December 2023
314,543
21,086
6,893
4,870
347,392
Carrying amount
At 31 December 2023
207,827
5,272
10,324
6,629
230,052
At 30 November 2022
236,552
14,798
9,743
261,093
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 10 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
6,509
1,161
Other debtors
54,500
Prepayments and accrued income
13,818
5,532
20,327
61,193
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 11 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
24,263
Trade creditors
13,867
4,730
Amounts owed to group undertakings
5,940
Corporation tax
10,178
30,399
Other taxation and social security
8,609
6,984
Other creditors
45,693
41,885
84,287
108,261
Other creditors due within one year includes an amount of £1,708 (2022: £1,766) relating to assets held under hire purchase contracts. Amounts are secured against the assets they relate to.
Bank loans due within one year of £Nil (2022: £24,263) were contracted on 18 June 2013 with Barclays Bank Plc. Amounts were secured with a fixed and floating charge over all assets of the company.
Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
29,167
Other creditors
1,203
4,592
1,203
33,759
Other creditors falling due after more than one year of £1,203 (2022: £4,592) relates to assets held under hire purchase contracts. Amounts are secured against the assets they relate to.
Bank loans due within one year of £Nil (2022: £29,167) were contracted on 18 June 2013 with Barclays Bank Plc. Amounts were secured with a fixed and floating charge over all assets of the company.
8
Provisions for liabilities
2023
2022
£
£
Dilapidations
17,971
-
Deferred tax liabilities
3,419
3,419
21,390
3,419
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
8
Provisions for liabilities
(Continued)
- 12 -
Movements on provisions apart from deferred tax liabilities:
Dilapidations
£
Additional provisions in the year
17,971
The directors have estimated the cost of restoration where the lease contains an obligation to return the property to its original condition.
9
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
The senior statutory auditor was Gary Tamkin.
The auditor was Azets Audit Services.
10
Financial commitments, guarantees and contingent liabilities
The company is party to cross guarantees given in respect of a group debt facilitiy agreement between H. Days Holdings Limited and Pittshanger Bidco Limited, providing access to an amount of £60,000,000 (2022: £60,000,000) which, at the period end, the total capital drawn and interest accrued amounted to £6,831,542 (2022: £Nil). This guarantee is secured by fixed and floating charges over the undertaking, all property and all assets present and future including land, shares and securities, assigned contracts, assigned insurances and assigned accounts of the company.
The company is party to cross guarantees given in respect of certain bank borrowings between H. Days Holdings Limited and Santander UK PLC, providing access to a senior loan facility of £6,000,000 and a growth capital facility of £1,000,00, which at the period end amounted to £6,004,504 (2022: £5,807,843). This guarantee is secured by fixed and floating charges over the undertaking, all property and assets present and future including land, shares and securities, intellectual property, investments, monetary claims, plant and equipment, goodwill, uncalled capital, assigned contracts and assigned insurances of the company.
11
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2023
2022
£
£
1,308,130
264,254
12
Related party transactions
THE HOLLIES NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
12
Related party transactions
(Continued)
- 13 -
Rougemont Limited was a company under common ownership and directorship.
In the year ended 31 December 2023 and whilst the company was deemed related, the company advanced £nil (2022: £4,500), repaid £4,035(2022: £16,750) and recharged net costs of £4,035 (2022: £12,250).
On 04/05/2024, the current debtor balance associated with Rougemont Limited was deemed irrecoverable during a group restructure and therefore and amount of £54,500 has been recognised as a cost to the company in the current year, reducing the profit for the financial year (note ).
As at 31 December 2023, and amount of £Nil (2022: £54,500) was due from Rougemont Limited and was included within other debtors due within one year (note 5).
13
Ultimate controlling party
The immediate parent company is Happy Days Day Nurseries Limited, a company registered in England and Wales. The registered office is Happy Days Nurseries Chapel Town, Summercourt, Newquay, Cornwall, TR8 5YA.
The ultimate parent company is Pittshanger Holdco Limited, company registered in England and Wales. The registered office is Happy Days Nurseries Chapel Town Business Park, Summercourt, Newquay, England, TR8 5YA. Pittshanger Holdco Limited is the smallest and largest group to consolidate these financial statements. Copies of the consolidated financial statements can be obtained from the registered office.
The directors of Pittshanger Holdco Limited consider the ultimate controlling entity to be Zetland Special Situations Fund II SICAV-RAIF. registered in Luxembourg.
2023-12-312022-12-01false21 January 2025CCH SoftwareCCH Accounts Production 2024.210No description of principal activityThis audit opinion is unqualifiedD HutchingsF BlackwellI SandersK HerbertK HiggsL CronkM BeadleM ViccarsMrs T Kilbyfalsefalse043220752022-12-012023-12-31043220752023-12-31043220752022-11-3004322075core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-12-3104322075core:PlantMachinery2023-12-3104322075core:ComputerEquipment2023-12-3104322075core:MotorVehicles2023-12-3104322075core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-11-3004322075core:PlantMachinery2022-11-3004322075core:ComputerEquipment2022-11-3004322075core:MotorVehicles2022-11-3004322075core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3104322075core:CurrentFinancialInstrumentscore:WithinOneYear2022-11-3004322075core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3104322075core:Non-currentFinancialInstrumentscore:AfterOneYear2022-11-3004322075core:CurrentFinancialInstruments2023-12-3104322075core:CurrentFinancialInstruments2022-11-3004322075core:Non-currentFinancialInstruments2023-12-3104322075core:Non-currentFinancialInstruments2022-11-3004322075core:ShareCapital2023-12-3104322075core:ShareCapital2022-11-3004322075core:RetainedEarningsAccumulatedLosses2023-12-3104322075core:RetainedEarningsAccumulatedLosses2022-11-3004322075core:ShareCapital2021-11-3004322075core:RetainedEarningsAccumulatedLosses2021-11-3004322075bus:Director92022-12-012023-12-3104322075core:RetainedEarningsAccumulatedLosses2021-12-012022-11-30043220752021-12-012022-11-3004322075core:RetainedEarningsAccumulatedLosses2022-12-012023-12-3104322075core:LandBuildingscore:LongLeaseholdAssets2022-12-012023-12-3104322075core:PlantMachinery2022-12-012023-12-3104322075core:ComputerEquipment2022-12-012023-12-3104322075core:MotorVehicles2022-12-012023-12-3104322075core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-11-3004322075core:PlantMachinery2022-11-3004322075core:ComputerEquipment2022-11-3004322075core:MotorVehicles2022-11-30043220752022-11-3004322075core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-012023-12-3104322075bus:PrivateLimitedCompanyLtd2022-12-012023-12-3104322075bus:SmallCompaniesRegimeForAccounts2022-12-012023-12-3104322075bus:FRS1022022-12-012023-12-3104322075bus:Audited2022-12-012023-12-3104322075bus:Director12022-12-012023-12-3104322075bus:Director22022-12-012023-12-3104322075bus:Director32022-12-012023-12-3104322075bus:Director42022-12-012023-12-3104322075bus:Director52022-12-012023-12-3104322075bus:Director62022-12-012023-12-3104322075bus:Director72022-12-012023-12-3104322075bus:Director82022-12-012023-12-3104322075bus:FullAccounts2022-12-012023-12-31xbrli:purexbrli:sharesiso4217:GBP