Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31ABCfalsefalse22023-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2truetrue 09271838 2023-06-01 2024-05-31 09271838 2022-06-01 2023-05-31 09271838 2024-05-31 09271838 2023-05-31 09271838 c:Director2 2023-06-01 2024-05-31 09271838 d:LeaseholdInvestmentProperty 2024-05-31 09271838 d:LeaseholdInvestmentProperty 2023-05-31 09271838 d:LeaseholdInvestmentProperty 2 2023-06-01 2024-05-31 09271838 d:CurrentFinancialInstruments 2024-05-31 09271838 d:CurrentFinancialInstruments 2023-05-31 09271838 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09271838 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09271838 d:ShareCapital 2024-05-31 09271838 d:ShareCapital 2023-05-31 09271838 d:RevaluationReserve 2023-06-01 2024-05-31 09271838 d:RevaluationReserve 2024-05-31 09271838 d:RevaluationReserve 2023-05-31 09271838 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 09271838 d:RetainedEarningsAccumulatedLosses 2024-05-31 09271838 d:RetainedEarningsAccumulatedLosses 2023-05-31 09271838 c:OrdinaryShareClass1 2023-06-01 2024-05-31 09271838 c:OrdinaryShareClass1 2024-05-31 09271838 c:OrdinaryShareClass1 2023-05-31 09271838 c:FRS102 2023-06-01 2024-05-31 09271838 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09271838 c:FullAccounts 2023-06-01 2024-05-31 09271838 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09271838 6 2023-06-01 2024-05-31 09271838 f:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09271838









LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY SHIRLEY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY SHIRLEY LIMITED
REGISTERED NUMBER: 09271838

BALANCE SHEET
AS AT 31 MAY 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
  
930,000
1,163,948

  
930,100
1,164,048

Current assets
  

Debtors: amounts falling due within one year
 6 
134,113
100

  
134,113
100

Creditors: amounts falling due within one year
 7 
(1,041,463)
(848,850)

Net current liabilities
  
 
 
(907,350)
 
 
(848,750)

Total assets less current liabilities
  
22,750
315,298

  

Net assets
  
22,750
315,298


Capital and reserves
  

Called up share capital 
 9 
100
100

Revaluation reserve
  
(233,948)
-

Profit and loss account
  
256,598
315,198

  
22,750
315,298


Page 1

 
LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY SHIRLEY LIMITED
REGISTERED NUMBER: 09271838
    
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 6 form part of these financial statements.

Page 2

 
LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY SHIRLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Little Elms Daycare Nursery Property Holding Company Shirley Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is 29 Beckenham Road, Beckenham, Kent, BR3 4PR. Its principal activity is that of property holding.

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

Exemption from preparing consolidated financial statements

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group. 

 
2.3

Going concern

The company has net current liabilities as at 31 May 2024. The directors have reviewed and considered the company working capital requirements and the directors are of the opinion that the company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. They therefore consider it appropriate to continue to prepare the financial statements on a going concern basis.

 
2.4

Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

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.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY SHIRLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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 2 (2023 - 2).


4.


Fixed asset investments





Investments in group undertaking

£



Cost or valuation


At 1 June 2023
100



At 31 May 2024
100




Page 4

 
LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY SHIRLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
1,163,948


Deficit on revaluation
(233,948)



At 31 May 2024
930,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.







6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
134,013
-

Other debtors
100
100

134,113
100



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
143,985

Other creditors
1,036,663
704,865

Accruals and deferred income
4,800
-

1,041,463
848,850


Page 5

 
LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY SHIRLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

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.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



10.


Reserves

Revaluation reserve

The revaluation reserve comprises of accumulated revaluation gains and losses, net of any deferred tax and other adjustments.

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 correctly reclassify freehold property included within tangible fixed assets, to investment property, in order to comply with the requirements of Financial Reporting Standard FRS102 – Section 1A.


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.
Included in other creditors at the year end are amounts of £1,022,863 
(2023 - £692,863) due to companies under the control of the directors.


13.


Controlling party

The ultimate controlling party is M Lancaster and S Lancaster.

 
Page 6