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REGISTERED NUMBER: 05189270 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PLAYSCHOOL NURSERY LIMITED

PLAYSCHOOL NURSERY LIMITED (REGISTERED NUMBER: 05189270)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PLAYSCHOOL NURSERY LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mr D A Goes
Mr K R Shah





SECRETARY: Mr K R Shah





REGISTERED OFFICE: Playschool House
Alma Road
St Albans
Hertfordshire
AL1 3AR





REGISTERED NUMBER: 05189270 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

PLAYSCHOOL NURSERY LIMITED (REGISTERED NUMBER: 05189270)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 49,920 62,400
Tangible assets 5 126,532 135,797
176,452 198,197

CURRENT ASSETS
Debtors 628,886 410,712
Cash at bank and in hand 130,889 154,515
759,775 565,227
CREDITORS
Amounts falling due within one year 821,740 1,042,888
NET CURRENT LIABILITIES (61,965 ) (477,661 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,487

(279,464

)

CREDITORS
Amounts falling due after more than one
year

11,665

21,666
NET ASSETS/(LIABILITIES) 102,822 (301,130 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 101,822 (302,130 )
SHAREHOLDERS' FUNDS 102,822 (301,130 )

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

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

The directors acknowledge their 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.

PLAYSCHOOL NURSERY LIMITED (REGISTERED NUMBER: 05189270)

ABRIDGED BALANCE SHEET - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





Mr K R Shah - Director


PLAYSCHOOL NURSERY LIMITED (REGISTERED NUMBER: 05189270)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Playschool 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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

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

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Improvements to property are not being amortised as the property is let to the business by the shareholders. There are no formal leasing arrangements and therefore, the duration of the lease is deemed indefinite and no amortisation rate could be established.

Government grants
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

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.


PLAYSCHOOL NURSERY LIMITED (REGISTERED NUMBER: 05189270)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2023 - 75 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 78,000
AMORTISATION
At 1 April 2023 15,600
Amortisation for year 12,480
At 31 March 2024 28,080
NET BOOK VALUE

At 31 March 2024 49,920
At 31 March 2023 62,400

PLAYSCHOOL NURSERY LIMITED (REGISTERED NUMBER: 05189270)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 239,566
Additions 2,765
At 31 March 2024 242,331
DEPRECIATION
At 1 April 2023 103,769
Charge for year 12,030
At 31 March 2024 115,799
NET BOOK VALUE
At 31 March 2024 126,532
At 31 March 2023 135,797

6. RELATED PARTY DISCLOSURES

During the year, the company paid rent of £636,250 (2023: £477,000) to House of Detention Limited, a company connected by common control. At the balance sheet date, the company was owed £617,556 (2023: £405,506) by House of Detention Limited.

During the year, the company charged management fees of £526,089 (2023: £829,137) to Playschool Nursery (Welwyn GC) LLP, a partnership in which the controlling shareholders of the company are designated members. At the balance sheet date, the company also owed £12,172 (2023: £290,989) to Playschool Nursery (Welwyn GC) LLP.

At the balance sheet date,the company owed £494,019 (2023 - £228,543) to the director, Mr D A Goes.