REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 17 MAY 2023 TO 31 AUGUST 2024 |
FOR |
ORCHARD DAY NURSERY HOLDINGS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 17 MAY 2023 TO 31 AUGUST 2024 |
FOR |
ORCHARD DAY NURSERY HOLDINGS LIMITED |
ORCHARD DAY NURSERY HOLDINGS LIMITED (REGISTERED NUMBER: 14875737) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Period 17 May 2023 to 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ORCHARD DAY NURSERY HOLDINGS LIMITED |
COMPANY INFORMATION |
For The Period 17 May 2023 to 31 August 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
1 Rushmills |
Bedford Road |
Northampton |
Northamptonshire |
NN4 7YB |
ORCHARD DAY NURSERY HOLDINGS LIMITED (REGISTERED NUMBER: 14875737) |
BALANCE SHEET |
31 August 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The financial statements were approved by the Board of Directors and authorised for issue on |
ORCHARD DAY NURSERY HOLDINGS LIMITED (REGISTERED NUMBER: 14875737) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Period 17 May 2023 to 31 August 2024 |
1. | STATUTORY INFORMATION |
Orchard Day Nursery Holdings 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. |
The presentation currency of the financial statements is the Pound Sterling (£). |
The business address is as follows: |
11 Brooklands Court |
Kettering |
NN15 6FD |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There were no material departures from this standard. |
Preparation of consolidated financial statements |
The financial statements contain information about Orchard Day Nursery Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Kindred Education Limited, 1 Rushmills, Bedford Road, Northampton, Northamptonshire, NN4 7YB. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less provision for impairment. |
Financial instruments |
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method. |
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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 profit or loss. |
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. |
Basic financial liabilities, including trade and other payables, and loans from fellow group companies, 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
ORCHARD DAY NURSERY HOLDINGS LIMITED (REGISTERED NUMBER: 14875737) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 17 May 2023 to 31 August 2024 |
2. | ACCOUNTING POLICIES - continued |
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
Financial assets and liabilities are offset and 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 period 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 period 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. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Going concern |
As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time. |
The company is able to receive financial support from its parent entity Kindred Education Limited. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
ORCHARD DAY NURSERY HOLDINGS LIMITED (REGISTERED NUMBER: 14875737) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 17 May 2023 to 31 August 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
COST |
Additions |
Disposals | ( |
) |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 1 Rushmills, Northampton, NN4 7YB |
Nature of business: |
% |
Class of shares: | holding |
The entity disposed of its shares in Laura Alana Properties Limited during the financial period. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Accrued expenses |
6. | SECURED DEBTS |
Santander UK PLC hold a fixed and floating charge over the assets within the group in relation to a loan in Kindred Education Limited. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 50 |
On 17 May 2023 the entity was incorporated with 1 Ordinary A share of £1 each. |
Then the following shares were allotted and fully paid for cash at par on 25 May 2023: |
49 Ordinary A shares of £1 each. |
50 Ordinary B shares of £1 each. |
On 5 December 2023 50 Ordinary B shares of £1 each were cancelled. |
On 5 December 2023 the remaining 50 Ordinary A shares were re-designated into 50 Ordinary shares of £1 each. |
ORCHARD DAY NURSERY HOLDINGS LIMITED (REGISTERED NUMBER: 14875737) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 17 May 2023 to 31 August 2024 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling parent is Kindred Education Limited. |
The ultimate parent entity is Eduko Education Holdco Sarl. A company registered in Luxembourg. |
The ultimate controlling party at the period end is Unigestion Direct Opportunities, a company registered in Luxembourg. The ultimate controlling party at the date of signing is Livingbridge Group LLP, a company registered in the United Kingdom. |
Kindred Education Limited prepares group financial statements and copies can be obtained from 1Rushmills, Bedford Road, Northampton, Northamptonshire, United Kingdom, NN4 7YB. |