Company registration number 14849650 (England and Wales)
THE LEARNING TREE GROUP LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
THE LEARNING TREE GROUP LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
THE LEARNING TREE GROUP LTD
BALANCE SHEET
- 1 -
2024
Notes
£
£
Fixed assets
Investments
3
200
Current assets
Debtors
4
45,016
Investments
6
26,000
71,016
Creditors: amounts falling due within one year
7
(70,966)
Net current assets
50
Net assets
250
Capital and reserves
Called up share capital
8
100
Profit and loss reserves
150
Total equity
250
For the financial period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 5 March 2025
Mr C J Baker
Director
Company registration number 14849650 (England and Wales)
THE LEARNING TREE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information
The Learning Tree Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Eastmoors Road, Ocean Park, Cardiff, CF24 5XH.
1.1
Reporting period
The period covered by these financial statements is 64 weeks due to the accounting period being extended from 31 May 2024 to 31 July 2024 to be in line with subsidiaries.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors and creditors with no stated interest rate, receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
THE LEARNING TREE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
1
3
Fixed asset investments
2024
£
Other investments other than loans
200
THE LEARNING TREE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 5 May 2023
-
Additions
200
At 31 July 2024
200
Carrying amount
At 31 July 2024
200
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
44,866
2024
Amounts falling due after more than one year:
£
Deferred tax asset
150
Total debtors
45,016
5
Subsidiaries
Details of the company's subsidiaries at 31 July 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
The Learning Tree Day Nurseries Ltd
East Moors Road, Ocean Park, Cardiff, CF24 5XH, Wales
Ordinary
100.00
Little Darlings Nursery Limited
East Moors Road, Ocean Park, Cardiff, CF24 5XH, Wales
Ordinary
100.00
6
Current asset investments
2024
£
Other investments
26,000
THE LEARNING TREE GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 5 -
7
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings
70,366
Other creditors
600
70,966
8
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary of £1 each
75
75
Ordinary A of £1 each
25
25
100
100
During the year 75 ordinary shares of £1 each were issued and fully paid.
During the year 25 ordinary A shares of £1 each were issued and fully paid.
9
Related party transactions
During the year, the company loaned money from The Learning Tree Day Nurseries Ltd. At the year end, the amount owed to The Learning Tree Day Nurseries Ltd was £56,816 this amount is included in creditors: amounts falling due within one year.
During the year, the company loaned money from Little Darlings Nursery Wales Limited. At the year end, the amount owed to Little Darlings Nursery Wales Limited was £13,550 this amount is included in Debtors: amounts falling due within one year.
10
Directors' transactions
Dividends totalling £39,938 were paid in the period in respect of shares held by the company's directors.
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Directors' Loan
-
-
44,866
44,866
-
44,866
44,866