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Registration number: 13708343

Wood Wharf Kindergarten Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Wood Wharf Kindergarten Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 9

 

Wood Wharf Kindergarten Limited

Company Information

Director

Mrs H Lukha

Registered office

Georgian House
Park Lane
Stanmore
Middlesex
HA7 3HD

Accountants

Innovi Advisors Ltd
Chartered Certified Accountants163 Herne Hill
London
SE24 9LR

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Wood Wharf Kindergarten Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wood Wharf Kindergarten Limited for the year ended 31 October 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Wood Wharf Kindergarten Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Wood Wharf Kindergarten Limited and state those matters that we have agreed to state to the Board of Directors of Wood Wharf Kindergarten Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wood Wharf Kindergarten Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Wood Wharf Kindergarten Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Wood Wharf Kindergarten Limited. You consider that Wood Wharf Kindergarten Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Wood Wharf Kindergarten Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

25 March 2025

 

Wood Wharf Kindergarten Limited

(Registration number: 13708343)
Statement of Financial Position as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

4,559

5,723

Tangible assets

5

910,089

808,757

 

914,648

814,480

Current assets

 

Debtors

6

27,229

75,000

Cash at bank and in hand

 

83,923

16,895

 

111,152

91,895

Creditors: Amounts falling due within one year

7

(764,593)

(311,234)

Net current liabilities

 

(653,441)

(219,339)

Net assets

 

261,207

595,141

Capital and reserves

 

Called up share capital

730

730

Share premium reserve

729,270

729,270

Retained earnings

(468,793)

(134,859)

Shareholders' funds

 

261,207

595,141

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 25 March 2025
 

Mrs H Lukha
Director

   
     
 

Wood Wharf Kindergarten Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Georgian House
Park Lane
Stanmore
Middlesex
HA7 3HD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Wood Wharf Kindergarten Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold Property

1% Straight line method

Plant and Machinery

15% Reducing balance method

Office Equipment

15% Reducing balance method

Computer Equipment

15% Reducing balance method

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

Over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Wood Wharf Kindergarten Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2022 - 4).

 

Wood Wharf Kindergarten Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 November 2022

5,820

5,820

At 31 October 2023

5,820

5,820

Amortisation

At 1 November 2022

97

97

Amortisation charge

1,164

1,164

At 31 October 2023

1,261

1,261

Carrying amount

At 31 October 2023

4,559

4,559

At 31 October 2022

5,723

5,723

 

Wood Wharf Kindergarten Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

5

Tangible assets

Long leasehold property
£

Plant and machinery
£

Office equipment
£

Computer Equipment
£

Total
£

Cost or valuation

At 1 November 2022

207,907

442,244

178,168

1,625

829,944

Additions

38,225

59,619

114,635

624

213,103

At 31 October 2023

246,132

501,863

292,803

2,249

1,043,047

Depreciation

At 1 November 2022

586

16,006

4,541

54

21,187

Charge for the year

2,394

70,188

38,867

322

111,771

At 31 October 2023

2,980

86,194

43,408

376

132,958

Carrying amount

At 31 October 2023

243,152

415,669

249,395

1,873

910,089

At 31 October 2022

207,321

426,238

173,627

1,571

808,757

Included within the net book value of land and buildings above is £243,152 (2022 - £207,321) in respect of long leasehold land and buildings.
 

6

Debtors

2023
£

2022
£

Trade debtors

9,358

-

Prepayments

17,703

-

Other debtors

168

75,000

27,229

75,000

 

Wood Wharf Kindergarten Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

205,967

218,115

Taxation and social security

7,278

4,637

Accruals and deferred income

250,734

78,452

Other creditors

300,614

10,030

764,593

311,234