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REGISTERED NUMBER: 04862256 (England and Wales)










FAIRWAYS CHILDCARE CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






FAIRWAYS CHILDCARE CENTRE LIMITED (REGISTERED NUMBER: 04862256)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAIRWAYS CHILDCARE CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: F.E. Spalding
C.F. Spalding





SECRETARY: F.E. Spalding





REGISTERED OFFICE: 137, Station Road,
Chingford,
London
E4 6AG





REGISTERED NUMBER: 04862256 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
t/as Findlay Wetherfield Scott & Co.
Chartered Accountants
137, Station Road
Chingford,
London
E4 6AG

FAIRWAYS CHILDCARE CENTRE LIMITED (REGISTERED NUMBER: 04862256)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Stocks 3,850 4,125
Debtors 5 28,923 33,868
Cash at bank - 1,494
32,773 39,487
CREDITORS
Amounts falling due within one year 6 (40,651 ) (49,101 )
NET CURRENT LIABILITIES (7,878 ) (9,614 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,877

)

(9,613

)

CREDITORS
Amounts falling due after more than one
year

7

(13,795

)

(16,452

)
NET LIABILITIES (21,672 ) (26,065 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (22,672 ) (27,065 )
SHAREHOLDERS' FUNDS (21,672 ) (26,065 )

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

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

FAIRWAYS CHILDCARE CENTRE LIMITED (REGISTERED NUMBER: 04862256)

BALANCE SHEET - continued
31ST 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 20th May 2025 and were signed on its behalf by:




F.E. Spalding - Director



C.F. Spalding - Director


FAIRWAYS CHILDCARE CENTRE LIMITED (REGISTERED NUMBER: 04862256)

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

1. STATUTORY INFORMATION

Fairways Childcare Centre 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.

Turnover
Turnover represents the value of services provided in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - Straight line over 6 years
Fixtures and fittings - Straight line over 6 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 6 (2023 - 6 ) .

FAIRWAYS CHILDCARE CENTRE LIMITED (REGISTERED NUMBER: 04862256)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
equipment fittings Totals
£    £    £   
COST
At 1st September 2023
and 31st August 2024 14,693 6,812 21,505
DEPRECIATION
At 1st September 2023
and 31st August 2024 14,693 6,811 21,504
NET BOOK VALUE
At 31st August 2024 - 1 1
At 31st August 2023 - 1 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 20,710 27,111
Corporation tax 8,213 6,757
28,923 33,868

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,440 19,124
Corporation tax 3,592 -
Social security and other taxes 926 770
Other creditors 8,434 10,538
Accrued expenses 8,259 18,669
40,651 49,101

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 13,268 12,595
Bank loans more 5 yr by instal 527 3,857
13,795 16,452

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 527 3,857

FAIRWAYS CHILDCARE CENTRE LIMITED (REGISTERED NUMBER: 04862256)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed by the directors to the company at the balance sheet date was £20,710 (previous year - £27,111 owed by the directors).

9. ULTIMATE CONTROLLING PARTY

The controlling parties are F.E.Spalding and C.F.Spalding by virtue of their ownership of the whole of the company's issued share capital.