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Registered number: 08139506










PIONEER CHILDCARE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
PIONEER CHILDCARE LIMITED
REGISTERED NUMBER: 08139506

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

30 June
As restated
31 August
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
18,505
20,424

Current assets
  

Stocks
  
-
800

Debtors
 6 
510,213
35,490

Cash at bank and in hand
  
624,090
519,991

  
1,134,303
556,281

Creditors: amounts falling due within one year
 7 
(305,555)
(260,827)

Net current assets
  
 
 
828,748
 
 
295,454

Net assets
  
847,253
315,878


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
847,153
315,778

  
847,253
315,878


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 comprehensive income 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 by: 




................................................
M Clare
Director

Date: 21 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 1

 
PIONEER CHILDCARE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2022 (as previously stated)
100
447,572
447,672

Prior year adjustment - correction of error
-
(251,174)
(251,174)


At 1 September 2022 (as restated)
100
196,398
196,498



Profit for the year (as restated)
-
388,980
388,980

Dividends
-
(269,600)
(269,600)



At 1 September 2023
100
315,778
315,878



Profit for the period
-
531,375
531,375


At 30 June 2024
100
847,153
847,253


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PIONEER CHILDCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Pioneer Childcare Limited is a private company, limited by shares, and incorporated in England and Wales. The Company's registered number is 08139506 and registered office address is 2 Delaware Road, Haywards Heath, England, RH16 3UX.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

 
2.3

Going concern

The company has net current assets of £828,748 (2023: £295,454, net current assets) and total net assets of £847,253 (2023: £315,878 total net assets restated) at the Statement of Financial Position date. The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the annual budget, forecast future cash flows, continued profitability, and the impact of subsequent events in making their assessment. 
Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the directors' report and accounts.

 
2.4

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.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Page 3

 
PIONEER CHILDCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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 reporting date in the countries where the Company operates and generates income.

  
2.9

Intangible fixed assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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 bases:

Fixtures, fittings, tools and equipment
-
over 5 years
Motor vehicles
-
over 3 - 10 years

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.

Page 4

 
PIONEER CHILDCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.13

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.14

Creditors

Short-term creditors are measured at the transaction price.

  
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.16

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 period was 216 (year ended 31 August 2023: 140).

Page 5

 
PIONEER CHILDCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

4.


Intangible assets






Goodwill

£



Cost


At 1 September 2023 (as previously stated)
395,252


Prior Year Adjustment (see note 8)
(395,252)


At 1 September 2023 (as restated)
-



Accumulated amortisation


At 1 September 2023 (as previously stated)
(111,643)


Prior Year Adjustment (see note 8)
111,643


At 1 September 2023 (as restated)
-



Net book value



At 30 June 2024
-



At 31 August 2023 (as restated)
-



Page 6

 
PIONEER CHILDCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Tangible fixed assets







Fixtures, fittings, tools and equipment
Motor vehicles
Total

£
£
£



Cost


At 1 September 2023
40,147
8,852
48,999


Additions
3,244
-
3,244



At 30 June 2024

43,391
8,852
52,243



Depreciation


At 1 September 2023
25,035
3,540
28,575


Charge for the period
3,801
1,362
5,163



At 30 June 2024

28,836
4,902
33,738



Net book value



At 30 June 2024
14,555
3,950
18,505



At 31 August 2023
15,112
5,312
20,424


6.


Debtors

30 June
31 August
2024
2023
£
£

Amounts owed by group undertakings
501,834
-

Other debtors
8,379
35,490

510,213
35,490


Amounts owed by group undertakings are interest free, and payable on demand.

Page 7

 
PIONEER CHILDCARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

7.


Creditors: amounts falling due within one year

30 June
31 August
2024
2023
£
£

Trade creditors
2,656
-

Corporation tax
15,954
114,892

Other taxation and social security
14,079
17,068

Other creditors
56,297
4,568

Accruals and deferred income
216,569
124,299

305,555
260,827



8.


Prior year adjustment

The 2023 balances have been restated. An intangible asset balance of £283,609 had been recognised in respect of an investment in Class of Their Own Limited. This balance was in relation to the investment made by the Company in Class of Their Own Limited which has subsequently been liquidated. The prior period financial information has been adjusted to remove this intangible asset from the Stateemnt of Financial Position as it no longer existed following the liquidiation of Class of Their Own Limited. 
The effect of this adjustment on the 31 August 2023 financial information is to reduce intangible assets by £283,609, increase administration expenses by £32,435 and to reduce the brought forward retained earnings in equity by £251,174.


9.


Controlling party

The Company's immediate parent company is JAG UK Bidco Limited, a company incorporated in England and Wales.
The Company's ultimate parent company is Panther Topco Pty Ltd, a company incorporated in Australia. Its registered office address is 126-130 Phillip Street, Sydney, New South Wales, Australia.
There is no ultimate controlling party.


10.


Auditors' information

The auditors' report on the financial statements for the period ended 30 June 2024 was unqualified.

The audit report was signed on 24 March 2025 by Michael Crowson (Senior Statutory Auditor) on behalf of HaysMac LLP.

Page 8