Registered number
07822736
Early Learners Nursery (Eccleston) Limited
Filleted Accounts
31 December 2024
Early Learners Nursery (Eccleston) Limited
Registered number: 07822736
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,054,907 1,059,379
Current assets
Debtors 4 3,481 3,383
Cash at bank and in hand 11,479 30
14,960 3,413
Creditors: amounts falling due within one year 5 (108,083) (543,310)
Net current liabilities (93,123) (539,897)
Total assets less current liabilities 961,784 519,482
Creditors: amounts falling due after more than one year 6 (532,108) (314,804)
Net assets 429,676 204,678
Capital and reserves
Called up share capital 300 300
Revaluation reserve 8 579,482 579,482
Profit and loss account (150,106) (375,104)
Shareholder's funds 429,676 204,678
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr H McCann
Director
Approved by the board on 1 May 2025
Early Learners Nursery (Eccleston) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 11
3 Tangible fixed assets
Land and buildings Equipment Total
£ £ £
Cost
At 1 January 2024 1,040,000 38,361 1,078,361
Additions - 502 502
At 31 December 2024 1,040,000 38,863 1,078,863
Depreciation
At 1 January 2024 - 18,982 18,982
Charge for the year - 4,974 4,974
At 31 December 2024 - 23,956 23,956
Net book value
At 31 December 2024 1,040,000 14,907 1,054,907
At 31 December 2023 1,040,000 19,379 1,059,379
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,000 3,000
Other debtors 481 383
3,481 3,383
Amounts due after more than one year included above 3,000 3,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,500 39,335
Trade creditors 832 728
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 470,954
Taxation and social security costs 23,853 5,886
Other creditors 75,898 26,407
108,083 543,310
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 324,321 314,804
Amounts owed to group undertakings and undertakings in which the company has a participating interest 207,787 -
532,108 314,804
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 294,321 294,321
Secured bank loans 331,821 339,545
[Give an indication of the nature and form of the security for the bank loans]
8 Revaluation reserve 2024 2023
£ £
At 1 January 2024 579,482 579,482
At 31 December 2024 579,482 579,482
The property at Mill Brow, WA10 4QG was revalued in October 2022 at open market value on a comparable basis by Christie & Co.
9 Other information
Early Learners Nursery (Eccleston) Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BY
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