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REGISTERED NUMBER: SC298646 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 August 2024

for

Papillon Private Nursery Limited

Papillon Private Nursery Limited (Registered number: SC298646)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Papillon Private Nursery Limited

Company Information
For The Year Ended 31 August 2024







DIRECTORS: D S Joyce
K P Mckay
R A J Waddell
Mrs F Leggat





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC298646 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Papillon Private Nursery Limited (Registered number: SC298646)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 19,465 31,413

CURRENT ASSETS
Debtors 5 153,315 637,824
Cash at bank and in hand 123,765 154,992
277,080 792,816
CREDITORS
Amounts falling due within one year 6 246,375 389,716
NET CURRENT ASSETS 30,705 403,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,170

434,513

CREDITORS
Amounts falling due after more than one year 7 (42,500 ) (72,500 )

PROVISIONS FOR LIABILITIES 8 (3,698 ) (5,015 )
NET ASSETS 3,972 356,998

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,872 356,898
SHAREHOLDERS' FUNDS 3,972 356,998

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

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

Papillon Private Nursery Limited (Registered number: SC298646)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





R A J Waddell - Director


Papillon Private Nursery Limited (Registered number: SC298646)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

Papillon Private Nursery Limited is a private company, limited by shares , registered in Scotland. 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


Papillon Private Nursery Limited (Registered number: SC298646)

Notes to the Financial Statements - continued
For The Year Ended 31 August 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 53 (2023 - 53 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 226,060 84,892 8,435 319,387
Additions - - 100 100
At 31 August 2024 226,060 84,892 8,535 319,487
DEPRECIATION
At 1 September 2023 221,042 63,469 3,463 287,974
Charge for year 5,018 5,356 1,674 12,048
At 31 August 2024 226,060 68,825 5,137 300,022
NET BOOK VALUE
At 31 August 2024 - 16,067 3,398 19,465
At 31 August 2023 5,018 21,423 4,972 31,413

Papillon Private Nursery Limited (Registered number: SC298646)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 19,239 11,645
Amounts owed by associates 118,578 -
Other debtors 15,498 626,179
153,315 637,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 9,211 11,497
Taxation and social security 12,917 111,114
Other creditors 194,247 237,105
246,375 389,716

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 42,500 72,500

8. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 3,698 5,015

Deferred
tax
£   
Balance at 1 September 2023 5,015
Provided during year (1,317 )
Balance at 31 August 2024 3,698