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Registered number: 07632681









LITTLE ELMS DAYCARE NURSERY CROFTON LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
LITTLE ELMS DAYCARE NURSERY CROFTON LIMITED
REGISTERED NUMBER: 07632681

BALANCE SHEET
AS AT 31 MAY 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
203,373
231,729

Current assets
  

Debtors: amounts falling due within one year
 5 
1,203,743
1,173,022

Cash at bank and in hand
 6 
150,517
77,444

  
1,354,260
1,250,466

Creditors: amounts falling due within one year
 7 
(1,299,477)
(1,414,488)

Net current assets/(liabilities)
  
 
 
54,783
 
 
(164,022)

  

Net assets
  
258,156
67,707


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
258,056
67,607

  
258,156
67,707


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 22 February 2025.




M Lancaster
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

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

1.


General information

Little Elms Daycare Nursery Crofton Limited is a private company, limited by shares, registered in England and Wales. Its registered office address is 29 Beckenham Road, Beckenham, Kent, BR3 4PR. Its principal activity is 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

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.

Page 2

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

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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:

Improvements to property
-
5%
Plant and machinery
-
20%
Fixtures and fittings
-
20%
Furniture and equipment
-
20%

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

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

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

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

2.Accounting policies (continued)

 
2.9

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 66 (2023 - 58).


4.


Tangible fixed assets





Improvements to property
Fixtures and fittings
Furniture and equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
443,174
35,073
128,767
607,014


Additions
-
529
2,552
3,081



At 31 May 2024

443,174
35,602
131,319
610,095



Depreciation


At 1 June 2023
236,021
27,098
112,166
375,285


Charge for the year on owned assets
22,159
2,444
6,834
31,437



At 31 May 2024

258,180
29,542
119,000
406,722



Net book value



At 31 May 2024
184,994
6,060
12,319
203,373



At 31 May 2023
207,153
7,975
16,601
231,729

Page 5

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

5.


Debtors

2024
2023
£
£


Trade debtors
15,535
16,680

Amounts owed by group undertakings
608,039
100,967

Other debtors
546,522
1,016,633

Prepayments and accrued income
33,647
38,742

1,203,743
1,173,022



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
150,517
77,444



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
53,587
45,679

Amounts owed to group undertakings
299,865
335,360

Other taxation and social security
11,448
11,333

Other creditors
764,710
825,619

Accruals and deferred income
169,867
196,497

1,299,477
1,414,488



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, the parent company. 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 CROFTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Reserves

Profit and loss account

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


11.


Prior year adjustment

The comparative figures for the year ended 31 May 2023 and 31 May 2022 have been restated to account for depreciation on leasehold improvements. The effect of the adjustment is a decrease in retained earnings and fixed assets by £236,021.


12.


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 £12,732 (2023 - £11,334). Contributions totalling £2,761 (2023 - £2,737) were payable to the fund at the balance sheet date.


13.


Related party transactions

The Company has taken advantage of the exemption, under FRS 102 paragraph 1.12 and paragraph 33.1A from disclosing transactions with key management and from disclosing other related party transactions as they are with other companies that are wholly owned within the group.
During the year, the Company was charged rent of £189,521 
(2023 - £154,092) from the directors. 
At the year end, included within other debtors, are amounts of £540,511 
(2023 - £1,010,622) due from companies under common control.
At the year end, included within other creditors, are amounts of £698,408 
(2023 - £762,080) due to companies under common control.


14.


Controlling party

The ultimate controlling party is M Lancaster and S Lancaster.
The ultimate parent company is Little Elms Daycare Nurseries Property Holding Company Limited. Its registered office is 29 Beckenham Road, Beckenham, Kent, England, BR3 4PR.

Page 7

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

15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 May 2024 was unqualified.

The audit report was signed on 24 February 2025 by Adam Dodds (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 8