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REGISTERED NUMBER: 10095217 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Littlest Elf Limited

Littlest Elf Limited (Registered number: 10095217)

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


Littlest Elf Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: Ms H M BelchiorPereiraLopes
Ms A K Horsfall Turner





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA





REGISTERED NUMBER: 10095217 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Littlest Elf Limited (Registered number: 10095217)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 963,868 968,351
Investments 5 500 500
Investment property 6 2,058,188 2,058,188
3,022,556 3,027,039

CURRENT ASSETS
Debtors 7 9,707 29,423
Cash at bank and in hand 1,450,539 916,037
1,460,246 945,460
CREDITORS
Amounts falling due within one year 8 1,032,291 522,621
NET CURRENT ASSETS 427,955 422,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,450,511

3,449,878

CREDITORS
Amounts falling due after more than one
year

9

(1,015,000

)

(1,015,000

)

PROVISIONS FOR LIABILITIES (916 ) (6,214 )
NET ASSETS 2,434,595 2,428,664

Littlest Elf Limited (Registered number: 10095217)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 210 210
Retained earnings 2,434,385 2,428,454
2,434,595 2,428,664

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 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.

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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Ms A K Horsfall Turner - Director


Littlest Elf Limited (Registered number: 10095217)

Notes to the Financial Statements
for the year ended 31 July 2024


1. STATUTORY INFORMATION

Littlest Elf 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Littlest Elf Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

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 - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Littlest Elf Limited (Registered number: 10095217)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant,these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


Littlest Elf Limited (Registered number: 10095217)

Notes to the Financial Statements - continued
for the year ended 31 July 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 912,022 - 4,514
Additions - 28,887 -
Disposals - - -
At 31 July 2024 912,022 28,887 4,514
DEPRECIATION
At 1 August 2023 - - 3,753
Charge for year - 278 190
Eliminated on disposal - - -
At 31 July 2024 - 278 3,943
NET BOOK VALUE
At 31 July 2024 912,022 28,609 571
At 31 July 2023 912,022 - 761

Littlest Elf Limited (Registered number: 10095217)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2023 32,568 49,450 998,554
Additions - - 28,887
Disposals - (49,450 ) (49,450 )
At 31 July 2024 32,568 - 977,991
DEPRECIATION
At 1 August 2023 4,236 22,214 30,203
Charge for year 5,666 - 6,134
Eliminated on disposal - (22,214 ) (22,214 )
At 31 July 2024 9,902 - 14,123
NET BOOK VALUE
At 31 July 2024 22,666 - 963,868
At 31 July 2023 28,332 27,236 968,351

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 August 2023
and 31 July 2024 500
NET BOOK VALUE
At 31 July 2024 500
At 31 July 2023 500

Littlest Elf Limited (Registered number: 10095217)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


5. FIXED ASSET INVESTMENTS - continued

Nursery Days Ltd
Registered office: Kenton House, Oxford Street, Moreton-in-Marsh, GL56 0LA
Nature of business: Childrens Nursery

Class of shares: %
Ordinary holding
100.00

31.7.24 31.7.23
£    £   
Aggregate capital and reserves 325,052 324,595

Profit for the year
1,139,6
25


796,274

Jabberwocky Childrens Nursery Limited
Registered office: Kenton House, Oxford Street, Moreton-in-Marsh, GL56 0LA
Nature of business: Childrens Nursery

Class of shares: %
Ordinary holding
100.00

31.7.24 31.7.23
£    £   
Aggregate capital and reserves 116,245 113,398
Profit for the year 683,926 377,699
Orchidale Childrens Nursery Limited
Registered office: Kenton House, Oxford Street, Moreton-in-Marsh, GL56 0LA
Nature of business: Childrens Nursery

Class of shares: %
Ordinary holding
100.00

31.7.24 31.7.23
£    £   
Aggregate capital and reserves 229,466 218,699
Profit for the year 498,797 430,479
Toddlers Inn Ltd
Registered office: Kenton House, Oxford Street, Moreton-in-Marsh, GL56 0LA
Nature of business: Childrens Nursery

Class of shares: %
Ordinary holding
100.00

Littlest Elf Limited (Registered number: 10095217)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


5. FIXED ASSET INVESTMENTS - continued

31.7.24 31.7.23
£    £   
Aggregate capital and reserves 122,409 119,913
Profit for the year 443,530 391,820
The Country Mouse Ltd
Registered office: Kenton House, Oxford Street, Moreton-in-Marsh, GL56 0LA
Nature of business: Childrens Nursery

Class of shares: %
Ordinary holding
100.00

31.7.24 31.7.23
£    £   
Aggregate capital and reserves 987 7,264
Profit for the year 43,822 50,983

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 2,058,188
NET BOOK VALUE
At 31 July 2024 2,058,188
At 31 July 2023 2,058,188

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 19,932
Other debtors 9,707 9,491
9,707 29,423

Littlest Elf Limited (Registered number: 10095217)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,517 1,266
Amounts owed to group undertakings 1,010,602 506,673
Other creditors 11,172 14,682
1,032,291 522,621

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,015,000 1,015,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,015,000 1,015,000

10. SECURED DEBTS

On 22 September 2016, Lloyds Bank Plc created a statutory fixed and floating charge over the undertaking and all assets of the company.

On 17 December 2020, Lendco Limited created a statutory charge on the freehold property, 48 Owlstone Road, Cambridge.

Littlest Elf Limited (Registered number: 10095217)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


11. RELATED PARTY DISCLOSURES

At the balance sheet date, a loan existed between the holding company and its subsidiary, Nursery Days Limited. The amount owed to the subsidiary was £314,973 (2023: £96,832). The loan was interest free and not repayable on demand.

During the year, the holding company received management charges of £9,000 (2023: £9,000) and dividends of £850,000 (2023: £645,000) from the subsidiary company.

At the balance sheet date, a loan existed between the holding company and its subsidiary, Jabberwocky Childrens Nursery Limited. The amount owed to the subsidiary was £206,513 (2023: £94,727). The loan was interest free and not repayable on demand.

During the year, the holding company received management charges of £9,000 (2023: £9,000) and dividends of £520,000 (2023: £285,000) from the subsidiary company.

At the balance sheet date, a loan existed between the holding company and its subsidiary, Orchidale Childrens Nursery Limited. The amount owed to the subsidiary was £276,575 (2023: £197,188). The loan was interest free and not repayable on demand.

During the year, the holding company received management charges of £9,000 (2023: £9,000) and dividends of £360,000 (2023: £340,000) from the subsidiary company.

At the balance sheet date, a loan existed between the holding company and its subsidiary, Toddlers Inn Limited. The amount owed to the subsidiary was £204,603 (2023: £117,926). The loan was interest free and not repayable on demand.

During the year, the holding company received management charges of £9,000 (2023: £9,000) and dividends of £330,000 (2023: £305,000) from the subsidiary company.

At the balance sheet date, a loan existed between the holding company and its subsidiary, The Country Mouse Limited. The amount owed to the subsidiary was £7,936 (2023: £19,932 debtor). The loan was interest free and not repayable on demand.

During the year, the holding company received management charges of £9,000 (2023: £9,000) and dividends of £38,000 (2023: £nil) from the subsidiary company.

At the balance sheet date there was a loan account from the directors in the sum of £245 (2023: £7,962), which was interest free and had no fixed date of repayment.