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REGISTERED NUMBER: 04839288 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Orchard Garden Private Day Nursery
Limited

Orchard Garden Private Day Nursery
Limited (Registered number: 04839288)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orchard Garden Private Day Nursery
Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Ms H K Athwal





SECRETARY: H. S. Lakhan





REGISTERED OFFICE: 87 Green Lane
Derby
Derbyshire
DE1 1RX





REGISTERED NUMBER: 04839288 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
50 Osmaston Road
Derby
DE1 2HU

Orchard Garden Private Day Nursery
Limited (Registered number: 04839288)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 427,752 447,985
427,752 447,985

CURRENT ASSETS
Stocks 1,000 1,300
Debtors 6 10,099 8,710
Cash at bank and in hand 90,706 45,229
101,805 55,239
CREDITORS
Amounts falling due within one year 7 339,582 341,581
NET CURRENT LIABILITIES (237,777 ) (286,342 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,975

161,643

CREDITORS
Amounts falling due after more than one
year

8

274,487

290,362
NET LIABILITIES (84,512 ) (128,719 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (84,513 ) (128,720 )
SHAREHOLDERS' DEFICIT (84,512 ) (128,719 )

Orchard Garden Private Day Nursery
Limited (Registered number: 04839288)

Balance Sheet - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2025 and were signed by:





Ms H K Athwal - Director


Orchard Garden Private Day Nursery
Limited (Registered number: 04839288)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Orchard Garden Private Day Nursery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The Company made a profit before taxation for the year of £58,093 (2023: loss £28,919) and notwithstanding the net liabilities at 31 July 2024 of £84,512 (2023: £128,719) the directors have prepared the financial statements on the going concern basis which assumes that the company will continue to trade for the foreseeable future. The validity of the assumption is based on the directors' assessment of future cash flows and revenue projections and for the reasons set out below.

Cost of living and economic uncertainty in the UK
The directors believe that from the date of approval of these financial statements the company will have sufficient funds to meet its liabilities as they fall due for the following twelve months.

The following mitigating actions have been undertaken by the company;

A significant element of the company's cost base relates to wages and salaries. Where possible, and subject to regulations, staffing levels and the hours of operation could be reduced.

Essential expenditure to ensure the health and safety of children and staff will continue as necessary.

The directors have considered all variable expenditure, reducing it where possible and have been able to delay and/or cancel expenditure in several areas.

Were the company to require access to further liquidity this could be sought through cash injections from the parent undertaking and/or an extension of further lending facilities. Given the company's history of cash generation we would expect to be able to raise such funds as were necessary, however there is no guarantee that such funds will be available.

The director believes that it remains appropriate to prepare the financial statements on a going concern basis. However, these circumstances represent a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern and, therefore, to continue realising its assets and discharging its liabilities in the normal course of business. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

Related party exemption
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.

Orchard Garden Private Day Nursery
Limited (Registered number: 04839288)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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

Goodwill
Goodwill arising on business combinations is capitalized, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill was 10 years.

Provision is made for any impairment.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property and improvements - 2% on cost
Fixtures and fittings - 15% on cost
Office equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Orchard Garden Private Day Nursery
Limited (Registered number: 04839288)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Income from government grants, whether capital grants or revenue grants, is recognised when the company has entitlement to the funds, any performance conditions attached to the grant have been met, it is probable that the income will be received and the amount can be measured reliably.

Where entitlements occur before the income is received, the income is accrued. Where income is received in advance of the company having entitlement to the funds, the income is deferred.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and 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.

Loans and Borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amoritised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 330,000
AMORTISATION
At 1 August 2023
and 31 July 2024 330,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Orchard Garden Private Day Nursery
Limited (Registered number: 04839288)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Freehold
property Fixtures
and and Office
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 1,026,545 52,941 18,610 1,098,096
Additions - 489 200 689
At 31 July 2024 1,026,545 53,430 18,810 1,098,785
DEPRECIATION
At 1 August 2023 579,035 52,602 18,474 650,111
Charge for year 20,531 193 198 20,922
At 31 July 2024 599,566 52,795 18,672 671,033
NET BOOK VALUE
At 31 July 2024 426,979 635 138 427,752
At 31 July 2023 447,510 339 136 447,985

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,260 5,910
Prepayments 2,839 2,800
10,099 8,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 27,213 25,040
Trade creditors 378 6,735
Amounts owed to group undertakings 187,170 206,768
Corporation tax 13,886 -
Social security and other taxes 53,779 47,489
Other creditors 30,319 26,805
Accruals 26,837 28,744
339,582 341,581

Orchard Garden Private Day Nursery
Limited (Registered number: 04839288)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 27,213 25,040
Other loans - 2-5 years 81,638 75,121
Other loans more 5yrs instal 165,636 190,201
274,487 290,362

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 165,636 190,201

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 301,700 315,402

The loan is secured by a fixed charge on the property at 87 Green Lane, Derby.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

11. ULTIMATE CONTROLLING PARTY

Village Day Nurseries Limited is the parent company of which Mrs A Athwal and Mr H Lakhan have
ultimate control. The registered office of the parent is: Priestley House Priestley Gardens, Chadwell
Heath, Romford, Essex, England, RM6 4SN