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RAND FARM PARK DAY NURSERY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2024






RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

RAND FARM PARK DAY NURSERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: P R Sharp
R J Waring
J R Waring
Mrs S R Elliott





REGISTERED OFFICE: Whitehouse Farm
Rand
Lincoln
Lincolnshire
LN8 5NJ





REGISTERED NUMBER: 11540437 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 181,183 199,776
181,183 199,776

CURRENT ASSETS
Debtors 6 40,496 31,573
Cash at bank 73,306 79,220
113,802 110,793
CREDITORS
Amounts falling due within one year 7 213,602 389,496
NET CURRENT LIABILITIES (99,800 ) (278,703 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,383

(78,927

)

CREDITORS
Amounts falling due after more than one
year

8

(12,257

)

(22,482

)

PROVISIONS FOR LIABILITIES (1,593 ) (3,970 )
NET ASSETS/(LIABILITIES) 67,533 (105,379 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,433 (105,479 )
67,533 (105,379 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

BALANCE SHEET - continued
31ST JULY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th April 2025 and were signed on its behalf by:





P R Sharp - Director


RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Rand Farm Park Day Nursery Ltd 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.

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

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

Turnover
Turnover represents amounts derived from the provision of nursery care and services provided.

Any income received in advance is deferred and included in current liabilities.

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 three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over lease term
Nursery Equipment - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

The directors policy is to only capitalise assets costing £500 or more in value. Items below this value
are treated as revenue expenditure.

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.


RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st August 2023
and 31st July 2024 8,316
AMORTISATION
At 1st August 2023
and 31st July 2024 8,316
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Nursery and Computer
leasehold Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 216,081 8,607 28,026 3,183 255,897
Additions 4,698 - - - 4,698
At 31st July 2024 220,779 8,607 28,026 3,183 260,595
DEPRECIATION
At 1st August 2023 30,833 2,487 22,252 549 56,121
Charge for year 15,139 1,753 5,604 795 23,291
At 31st July 2024 45,972 4,240 27,856 1,344 79,412
NET BOOK VALUE
At 31st July 2024 174,807 4,367 170 1,839 181,183
At 31st July 2023 185,248 6,120 5,774 2,634 199,776

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,595 17,315
Doubtful debt provision (3,031 ) -
Amounts owed by participating interests 700 700
Other debtors 2,169 2,751
Prepayments and accrued income 11,063 10,807
40,496 31,573

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 9,973
Trade creditors 28,005 43,400
Amounts owed to participating interests - 343
Amounts owed to joint ventures 47,452 248,253
Corporation tax 35,761 -
Social security and other taxes 9,140 3,378
Other creditors 2,808 2,975
Net wages outstanding 53,038 49,630
Directors' current accounts 7,101 7,101
Accruals and deferred income 20,072 24,443
213,602 389,496

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,257 22,482

RAND FARM PARK DAY NURSERY LTD (REGISTERED NUMBER: 11540437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 50,061 50,061
Between one and five years 200,246 200,246
In more than five years 254,480 304,541
504,787 554,848

10. RELATED PARTY DISCLOSURES

Included within creditors falling due within one year are the following amounts due to the joint venture investors and their related parties:

2024 2023
£ £

Farm Day Nurseries Limited 26,972 147,773
Wartton Limited 20,480 100,480

These loans are currently free of interest.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RAND FARM PARK DAY NURSERY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rand Farm Park Day Nursery Ltd for the year ended 31st July 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rand Farm Park Day Nursery Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rand Farm Park Day Nursery Ltd and state those matters that we have agreed to state to the Board of Directors of Rand Farm Park Day Nursery Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rand Farm Park Day Nursery Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rand Farm Park Day Nursery Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rand Farm Park Day Nursery Ltd. You consider that Rand Farm Park Day Nursery Ltd 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 financial statements of Rand Farm Park Day Nursery Ltd. 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 financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


25th April 2025