Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31false2023-06-01falseNo description of principal activity6072falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07211714 2023-06-01 2024-05-31 07211714 2022-06-01 2023-05-31 07211714 2024-05-31 07211714 2023-05-31 07211714 c:Director2 2023-06-01 2024-05-31 07211714 d:FurnitureFittings 2023-06-01 2024-05-31 07211714 d:FurnitureFittings 2024-05-31 07211714 d:FurnitureFittings 2023-05-31 07211714 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07211714 d:OfficeEquipment 2023-06-01 2024-05-31 07211714 d:OfficeEquipment 2024-05-31 07211714 d:OfficeEquipment 2023-05-31 07211714 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07211714 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07211714 d:CurrentFinancialInstruments 2024-05-31 07211714 d:CurrentFinancialInstruments 2023-05-31 07211714 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07211714 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07211714 d:ShareCapital 2024-05-31 07211714 d:ShareCapital 2023-05-31 07211714 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 07211714 d:RetainedEarningsAccumulatedLosses 2024-05-31 07211714 d:RetainedEarningsAccumulatedLosses 2023-05-31 07211714 c:OrdinaryShareClass1 2023-06-01 2024-05-31 07211714 c:OrdinaryShareClass1 2024-05-31 07211714 c:OrdinaryShareClass1 2023-05-31 07211714 c:FRS102 2023-06-01 2024-05-31 07211714 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07211714 c:FullAccounts 2023-06-01 2024-05-31 07211714 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07211714 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07211714









LITTLE ELMS DAYCARE NURSERY LEE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
LITTLE ELMS DAYCARE NURSERY LEE LIMITED
REGISTERED NUMBER: 07211714

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
                                                                      Note
£
£

Fixed assets
  

Tangible assets
 4 
61,892
56,961

  
61,892
56,961

Current assets
  

Debtors: amounts falling due within one year
 5 
3,742,063
3,502,706

Cash at bank and in hand
 6 
184,117
151,323

  
3,926,180
3,654,029

Creditors: amounts falling due within one year
 7 
(1,210,506)
(1,121,205)

Net current assets
  
 
 
2,715,674
 
 
2,532,824

Total assets less current liabilities
  
2,777,566
2,589,785

  

Net assets
  
2,777,566
2,589,785


Capital and reserves
  

Called up share capital 
  
600,002
600,002

Profit and loss account
  
2,177,564
1,989,783

  
2,777,566
2,589,785


Page 1

 
LITTLE ELMS DAYCARE NURSERY LEE LIMITED
REGISTERED NUMBER: 07211714
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 February 2025.




S Lancaster
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LITTLE ELMS DAYCARE NURSERY LEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Little Elms Daycare Nursery Lee Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered office is 29 Beckenham Road, Kent, England, BR3 4PR. The company's principal activity during the year was that of providing childcare services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss 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.

Page 3

 
LITTLE ELMS DAYCARE NURSERY LEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight-line
Plant and equipment
-
20%
Straight-line

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 4

 
LITTLE ELMS DAYCARE NURSERY LEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

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. 

 
2.10

Creditors

Short-term creditors are measured at the transaction price. 

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 60 (2023 - 72).


4.


Tangible fixed assets





Fixtures and fittings
Plant and equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
88,601
150,767
239,368


Additions
10,010
20,960
30,970



At 31 May 2024

98,611
171,727
270,338



Depreciation


At 1 June 2023
63,449
118,958
182,407


Charge for the year on owned assets
10,494
15,545
26,039



At 31 May 2024

73,943
134,503
208,446



Net book value



At 31 May 2024
24,668
37,224
61,892



At 31 May 2023
25,152
31,809
56,961

Page 5

 
LITTLE ELMS DAYCARE NURSERY LEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
31,814
17,486

Amounts owed by group undertakings
2,327,322
2,339,998

Other debtors
1,344,173
1,109,062

Prepayments and accrued income
38,754
36,160

3,742,063
3,502,706



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
184,117
151,323



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
56,454
59,258

Other taxation and social security
15,561
21,392

Other creditors
738,303
682,024

Accruals and deferred income
400,188
358,531

1,210,506
1,121,205



8.


Secured debts

At the balance sheet date the company had entered into a group guarantee in relation to bank loans held by Little Elms Daycare Nurseries Property Holding Company Limited, a company under common control. The loan is secured by way of a fixed charge over property, other debts, chattels, goodwill and uncalled capital and a floating charge over all assets.

Page 6

 
LITTLE ELMS DAYCARE NURSERY LEE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



600,002 (2023 - 600,002) Ordinary shares of £1.00 each
600,002
600,002



10.


Reserves

Profit and loss account

The profit and loss account represents cumulative distributable profits and losses net of dividends and other adjustments.


11.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,726 (2023 - £13,004). Contributions totalling £2,914 (2023 - £2,687) were payable to the fund at the balance sheet date.


12.


Related party transactions

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.
At the year end, included within other debtors, are amounts of £1,343,207 
(2023 - £1,113,488) due from companies under common control.
At the year end, included within other creditors, are amounts of £585,396 
(2023 - £517,203) due to companies under common control.


13.


Controlling party

The ultimate controlling party is M Lancaster and S Lancaster.
The ultimate parent company is Lancaster Property & Maintenance Services Limited. Its registered office is 29 Beckenham Road, Beckenham, Kent, England, BR3 4PR.

 
Page 7