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Registered number: 10747738









LITTLE ELMS DAYCARE NURSERY PENINSULA LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
LITTLE ELMS DAYCARE NURSERY PENINSULA LIMITED
REGISTERED NUMBER: 10747738

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
40,720
48,054

Current assets
  

Debtors: amounts falling due within one year
 4 
801,825
638,060

Cash at bank and in hand
 5 
111,468
126,477

  
913,293
764,537

Creditors: amounts falling due within one year
 6 
(616,793)
(513,093)

Net current assets
  
 
 
296,500
 
 
251,444

  

Net assets
  
337,220
299,498


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
337,120
299,398

  
337,220
299,498


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 2 to 7 form part of these financial statements.

Page 1

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

1.


General information

Little Elms Daycare Nursery Peninsula 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

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.

Page 2

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.


Page 3

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

2.Accounting policies (continued)

 
2.6

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%
straight-line
Short-term leasehold property
-
5%
straight-line
Furniture and equipment
-
20%
straight-line
Fixtures and fittings
-
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.

 
2.7

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.

 
2.8

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.

 
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.

Page 4

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

3.


Tangible fixed assets





Improvements to property
Fixtures and fittings
Furniture and equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
54,113
6,747
59,468
120,328


Additions
-
1,752
440
2,192


Disposals
-
-
(226)
(226)



At 31 May 2024

54,113
8,499
59,682
122,294



Depreciation


At 1 June 2023
28,730
3,170
40,374
72,274


Charge for the year on owned assets
2,706
1,113
5,481
9,300



At 31 May 2024

31,436
4,283
45,855
81,574



Net book value



At 31 May 2024
22,677
4,216
13,827
40,720



At 31 May 2023
25,383
3,577
19,094
48,054


4.


Debtors

2024
2023
£
£


Trade debtors
9,515
4,694

Amounts owed by group undertakings
540,868
393,132

Other debtors
213,753
201,716

Prepayments and accrued income
37,689
38,518

801,825
638,060


Page 5

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

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
111,468
126,477



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
37,584
43,741

Amounts owed to group undertakings
368,921
285,522

Other taxation and social security
10,020
8,941

Other creditors
29,291
40,030

Accruals and deferred income
170,977
134,859

616,793
513,093



7.


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.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



9.


Reserves

Profit and loss account

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

Page 6

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

10.


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 £7,044 (2023 - £7,434). Contributions totalling £1,474 (2023 - £1,297) were payable to the fund at the balance sheet date.


11.


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.
At the year end, included within other debtors, are amounts of £182,962 
(2023 - £170,925) due from companies under common control.
At the year end, included within other creditors, are amounts of £42 
(2023 - £6,539) due to companies under common control.


12.


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.


13.


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 7