Silverfin false false 31/08/2024 01/09/2023 31/08/2024 C Barrow 15/02/2021 M Vadhera 21/04/2020 V Vadhera 07/08/2024 10 April 2025 The principal activity of the company is the provision of nursery care. 12565684 2024-08-31 12565684 bus:Director1 2024-08-31 12565684 bus:Director2 2024-08-31 12565684 bus:Director3 2024-08-31 12565684 2023-08-31 12565684 core:CurrentFinancialInstruments 2024-08-31 12565684 core:CurrentFinancialInstruments 2023-08-31 12565684 core:Non-currentFinancialInstruments 2024-08-31 12565684 core:Non-currentFinancialInstruments 2023-08-31 12565684 core:ShareCapital 2024-08-31 12565684 core:ShareCapital 2023-08-31 12565684 core:RetainedEarningsAccumulatedLosses 2024-08-31 12565684 core:RetainedEarningsAccumulatedLosses 2023-08-31 12565684 core:Goodwill 2023-08-31 12565684 core:Goodwill 2024-08-31 12565684 core:Vehicles 2023-08-31 12565684 core:FurnitureFittings 2023-08-31 12565684 core:ComputerEquipment 2023-08-31 12565684 core:Vehicles 2024-08-31 12565684 core:FurnitureFittings 2024-08-31 12565684 core:ComputerEquipment 2024-08-31 12565684 core:CostValuation 2023-08-31 12565684 core:CostValuation 2024-08-31 12565684 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-08-31 12565684 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-08-31 12565684 core:ImmediateParent core:CurrentFinancialInstruments 2024-08-31 12565684 core:ImmediateParent core:CurrentFinancialInstruments 2023-08-31 12565684 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-08-31 12565684 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-08-31 12565684 core:MoreThanFiveYears 2024-08-31 12565684 core:MoreThanFiveYears 2023-08-31 12565684 2023-09-01 2024-08-31 12565684 bus:FilletedAccounts 2023-09-01 2024-08-31 12565684 bus:SmallEntities 2023-09-01 2024-08-31 12565684 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12565684 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12565684 bus:Director1 2023-09-01 2024-08-31 12565684 bus:Director2 2023-09-01 2024-08-31 12565684 bus:Director3 2023-09-01 2024-08-31 12565684 core:Goodwill core:TopRangeValue 2023-09-01 2024-08-31 12565684 core:Goodwill 2023-09-01 2024-08-31 12565684 core:Vehicles 2023-09-01 2024-08-31 12565684 core:FurnitureFittings core:TopRangeValue 2023-09-01 2024-08-31 12565684 core:ComputerEquipment core:TopRangeValue 2023-09-01 2024-08-31 12565684 2022-09-01 2023-08-31 12565684 core:FurnitureFittings 2023-09-01 2024-08-31 12565684 core:ComputerEquipment 2023-09-01 2024-08-31 12565684 core:Subsidiary1 2023-09-01 2024-08-31 12565684 core:Subsidiary1 1 2023-09-01 2024-08-31 12565684 core:Subsidiary1 1 2022-09-01 2023-08-31 12565684 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 12565684 (England and Wales)

NURSERYTIME LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH THE REGISTRAR

NURSERYTIME LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

Contents

NURSERYTIME LTD

BALANCE SHEET

AS AT 31 AUGUST 2024
NURSERYTIME LTD

BALANCE SHEET (continued)

AS AT 31 AUGUST 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 100,281 115,138
Tangible assets 4 53,700 85,189
Investments 5 589,810 589,810
743,791 790,137
Current assets
Debtors 6 590,503 284,141
Cash at bank and in hand 68,282 60,907
658,785 345,048
Creditors: amounts falling due within one year 7 ( 506,386) ( 290,106)
Net current assets 152,399 54,942
Total assets less current liabilities 896,190 845,079
Creditors: amounts falling due after more than one year 8 ( 634,303) ( 669,828)
Provision for liabilities ( 7,497) ( 11,070)
Net assets 254,390 164,181
Capital and reserves
Called-up share capital 1 1
Profit and loss account 254,389 164,180
Total shareholder's funds 254,390 164,181

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Nurserytime Ltd (registered number: 12565684) were approved and authorised for issue by the Board of Directors on 10 April 2025. They were signed on its behalf by:

M Vadhera
Director
NURSERYTIME LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
NURSERYTIME LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nurserytime Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 125a Kenton Road, Newcastle Upon Tyne, NE3 4NQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 20 % reducing balance
Fixtures and fittings 4 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 55 55

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2023 148,564 148,564
At 31 August 2024 148,564 148,564
Accumulated amortisation
At 01 September 2023 33,426 33,426
Charge for the financial year 14,857 14,857
At 31 August 2024 48,283 48,283
Net book value
At 31 August 2024 100,281 100,281
At 31 August 2023 115,138 115,138

4. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 September 2023 7,258 150,538 1,125 158,921
Additions 0 4,884 3,163 8,047
At 31 August 2024 7,258 155,422 4,288 166,968
Accumulated depreciation
At 01 September 2023 2,904 70,465 363 73,732
Charge for the financial year 1,452 37,663 421 39,536
At 31 August 2024 4,356 108,128 784 113,268
Net book value
At 31 August 2024 2,902 47,294 3,504 53,700
At 31 August 2023 4,354 80,073 762 85,189

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 September 2023 589,810
At 31 August 2024 589,810
Carrying value at 31 August 2024 589,810
Carrying value at 31 August 2023 589,810

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.08.2024
Ownership
31.08.2023
Held
Daypark Limited 125a Kenton Road, Newcastle upon Tyne, United Kingdom, NE3 4NQ The provision of nursery care Ordinary 100.00% 100.00% Direct

6. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 214,498 144,498
Prepayments 7,365 4,643
Other debtors 368,640 135,000
590,503 284,141

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 31,000 26,400
Amounts owed to Parent undertakings 200,033 209,567
Amounts owed to related parties 534 0
Amounts owed to directors 169,670 0
Accruals and deferred income 41,688 6,514
Taxation and social security 59,205 47,625
Other creditors 4,256 0
506,386 290,106

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 634,303 669,828

Creditors include bank loans which are secured of £665,303 (2023: £696,228).

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured / repayable by instalments) 510,303 602,533

9. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 61,817 0