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Registration number: 04940112

Prepared for the registrar

Tiny Treasures Day Nursery Ltd

Annual Report and Financial Statements

for the Period from 1 April 2024 to 30 September 2024

 

Tiny Treasures Day Nursery Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Tiny Treasures Day Nursery Ltd

Company Information

Directors

S Blyth

J Tully

Registered office

Windsor House
Bayshill Road
Cheltenham
GL50 3AT

Auditors

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

Tiny Treasures Day Nursery Ltd

(Registration number: 04940112)
Balance Sheet as at 30 September 2024

Note

30 September
2024
£

Unaudited
31 March
2024
£

Fixed assets

 

Tangible assets

5

30,226

3,333

Current assets

 

Debtors

6

615,149

-

Cash at bank and in hand

 

33,385

797,191

 

648,534

797,191

Creditors: Amounts falling due within one year

7

(179,720)

(142,414)

Net current assets

 

468,814

654,777

Total assets less current liabilities

 

499,040

658,110

Deferred tax liabilities

(7,557)

-

Net assets

 

491,483

658,110

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

491,383

658,010

Shareholders' funds

 

491,483

658,110

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 March 2025 and signed on its behalf by:
 


S Blyth
Director

 

Tiny Treasures Day Nursery Ltd

Notes to the Financial Statements for the Period from 1 April 2024 to 30 September 2024

 

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:
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of Toots Day Nursery Holdings Limited.

The financial statements of Toots Day Nursery Holdings Limited may be obtained from Companies House.

Disclosure of long or short period

The financial statements cover a period of 183 days. The accounting period has been shortened to bring the year end in line with that of its ultimate parent undertaking, Toots Day Nursery Holdings Limited.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

 

Tiny Treasures Day Nursery Ltd

Notes to the Financial Statements for the Period from 1 April 2024 to 30 September 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet 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, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

20% reducing balance

Plant and machinery

20% reducing balance

Fixtures and fittings

15% reducing balance

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 services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. 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 debtors.

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 all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

Tiny Treasures Day Nursery Ltd

Notes to the Financial Statements for the Period from 1 April 2024 to 30 September 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

Tiny Treasures Day Nursery Ltd

Notes to the Financial Statements for the Period from 1 April 2024 to 30 September 2024

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was as follows:

 

5

Tangible assets

Leasehold improvements
£

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 April 2024

24,871

54,210

79,081

Additions

-

29,432

29,432

At 30 September 2024

24,871

83,642

108,513

Depreciation

At 1 April 2024

24,837

50,911

75,748

Charge for the period

34

2,505

2,539

At 30 September 2024

24,871

53,416

78,287

Carrying amount

At 30 September 2024

-

30,226

30,226

At 31 March 2024

34

3,299

3,333

 

6

Debtors

30 September
2024
£

Unaudited
31 March
2024
£

Trade debtors

-

-

Amounts owed by group undertakings

599,293

-

Prepayments

7,522

-

Other debtors

8,334

-

615,149

-

 

Tiny Treasures Day Nursery Ltd

Notes to the Financial Statements for the Period from 1 April 2024 to 30 September 2024

 

7

Creditors

30 September 2024
£

Unaudited
31 March 2024
£

Due within one year

Trade creditors

27,660

-

Social security and other taxes

9,632

10,293

Outstanding defined contribution pension costs

-

422

Other creditors

69,671

38,189

Accruals

20,065

-

Corporation tax liability

52,692

48,107

Deferred income

-

45,403

179,720

142,414

 

8

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £4,610 (2024 - £6,083).

Contributions totalling £Nil (2024 - £422) were payable to the scheme at the end of the period and are included in creditors.

 

9

Share capital

Allotted, called up and fully paid shares

 

30 September 2024

Unaudited
31 March 2024

 

No.

£

No.

£

Ordinary shares of £1 each

98

98

98

98

Ordinary A shares of £1 each

2

2

2

2

 

100

100

100

100

Rights, preferences and restrictions

The different classes of share referred to above carry separate rights to dividends but, in all other significant respects, rank pari passu.

 

10

Dividends

30 September 2024
 £

Unaudited
31 March 2024
 £

Dividends paid

150,000

-

 

11

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of operating lease commitments not included in the balance sheet is £1,292,991 (2024 - £Nil).

The company is bound by an intra-group guarantee in respect of bank debt with other members of the group headed by its ultimate parent undertaking, Toots Day Nursery Holdings Limited.The total amount guaranteed as at 30 September 2024 is £7,928,824 (2024 - £Nil).

 

Tiny Treasures Day Nursery Ltd

Notes to the Financial Statements for the Period from 1 April 2024 to 30 September 2024

 

12

Parent and ultimate parent undertaking

Until 7 June 2024, the company was controlled by C J Clegg and T L Clemence.

Between 7 June 2024 and 21 October 2024, the immediate parent was Toots Day Nursery Opco Limited, incorporated in England and Wales.

Since 21 October 2024, the company's immediate parent is Toots South Opco Limited, incorporated in England and Wales.

Since 7 June 2024, the ultimate parent is Toots Day Nursery Holdings Limited, incorporated in England and Wales.

Since 7 June 2024, the ultimate controlling party was Melrose Row Limited.

The most senior parent entity producing publicly available financial statements is Toots Day Nursery Holdings Limited. These financial statements are available upon request from Companies House.

 

13

Disclosure under Section 444 (5B) CA 2006

As permitted by Section 444 CA 2006, these accounts do not contain a copy of the company's Profit and Loss account or a copy of the Directors' Report. Accordingly, the Independent Auditors' Report has also been omitted.

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 March 2025 was Simon Worsley, who signed for and on behalf of Hazlewoods LLP.