Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseNo description of principal activity22truetruefalse 09712057 2023-06-01 2024-05-31 09712057 2022-06-01 2023-05-31 09712057 2024-05-31 09712057 2023-05-31 09712057 c:Director1 2023-06-01 2024-05-31 09712057 d:LeaseholdInvestmentProperty 2024-05-31 09712057 d:LeaseholdInvestmentProperty 2023-05-31 09712057 d:LeaseholdInvestmentProperty 2 2023-06-01 2024-05-31 09712057 d:CurrentFinancialInstruments 2024-05-31 09712057 d:CurrentFinancialInstruments 2023-05-31 09712057 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09712057 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09712057 d:ShareCapital 2024-05-31 09712057 d:ShareCapital 2023-05-31 09712057 d:RevaluationReserve 2023-06-01 2024-05-31 09712057 d:RevaluationReserve 2024-05-31 09712057 d:RevaluationReserve 2023-05-31 09712057 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 09712057 d:RetainedEarningsAccumulatedLosses 2024-05-31 09712057 d:RetainedEarningsAccumulatedLosses 2023-05-31 09712057 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 09712057 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 09712057 c:OrdinaryShareClass1 2023-06-01 2024-05-31 09712057 c:OrdinaryShareClass1 2024-05-31 09712057 c:OrdinaryShareClass1 2023-05-31 09712057 c:FRS102 2023-06-01 2024-05-31 09712057 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09712057 c:FullAccounts 2023-06-01 2024-05-31 09712057 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09712057 6 2023-06-01 2024-05-31 09712057 f:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09712057









LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY GREENWICH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY GREENWICH LIMITED
REGISTERED NUMBER: 09712057

BALANCE SHEET
AS AT 31 MAY 2024

As restated
2024
2023
                                                         Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
  
1,680,000
508,119

  
1,680,100
508,219

Current assets
  

Debtors: amounts falling due within one year
 6 
422,452
90,704

Cash at bank and in hand
 7 
66
132

  
422,518
90,836

Creditors: amounts falling due within one year
 8 
(824,373)
(343,716)

Net current liabilities
  
 
 
(401,855)
 
 
(252,880)

Total assets less current liabilities
  
1,278,245
255,339

Provisions for liabilities
  

Deferred tax
  
(292,970)
-

  
 
 
(292,970)
 
 
-

Net assets
  
985,275
255,339


Capital and reserves
  

Called up share capital 
  
202
202

Revaluation reserve
  
878,911
-

Profit and loss account
  
106,162
255,137

  
985,275
255,339


Page 1

 
LITTLE ELMS DAYCARE NURSERY PROPERTY HOLDING COMPANY GREENWICH LIMITED
REGISTERED NUMBER: 09712057
    
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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

Little Elms Daycare Nursery Property Holding Company Greenwich Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office address 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
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.

 
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

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 4

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

2.Accounting policies (continued)

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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 subsidiary companies

£



Cost or valuation


At 1 June 2023
100



At 31 May 2024
100




Page 5

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

5.


Investment property


Investment property

£



Valuation


At 1 June 2023
508,119


Surplus on revaluation
1,171,881



At 31 May 2024
1,680,000

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
331,748
-

Other debtors
90,704
90,704

422,452
90,704



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
66
132



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
326,175

Other taxation and social security
3,264
3,248

Other creditors
817,109
14,293

Accruals and deferred income
4,000
-

824,373
343,716


Page 6

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

9.


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.


10.


Deferred taxation




2024


£






Charged to profit or loss
292,970



At end of year
292,970

The deferred taxation balance is made up as follows:

2024
2023
£
£


Deferred tax on revaluation of investment property
292,970
-

Page 7

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

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



202 (2023 - 202) Ordinary shares of £1.00 each
202
202



12.


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 acount represents cumulative distributable profits and losses net of dividends and other adjustments.


13.


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.


14.


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 within other debtors at the year end is a balance of £90,500 
(2023 - £90,500) from a company under the control of the directors. 
Included within other creditors at the year end is a balance of £800,100 
(2023 - £100) to a company under the control of the directors.


15.


Controlling party

The ultimate controlling party is M Lancaster and S Lancaster.

 
Page 8