ROSE GARDEN EARLY YEARS CENTRE CIC

Company Registration Number:
09500565 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

ROSE GARDEN EARLY YEARS CENTRE CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ROSE GARDEN EARLY YEARS CENTRE CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 176 235
Total fixed assets: 176 235
Current assets
Cash at bank and in hand: 219 505
Total current assets: 219 505
Creditors: amounts falling due within one year: 4 ( 16,299 ) ( 15,574 )
Net current assets (liabilities): (16,080) (15,069)
Total assets less current liabilities: (15,904) ( 14,834)
Total net assets (liabilities): (15,904) (14,834)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (15,906 ) (14,836 )
Total Shareholders' funds: ( 15,904 ) (14,834)

The notes form part of these financial statements

ROSE GARDEN EARLY YEARS CENTRE CIC

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 May 2025
and signed on behalf of the board by:

Name: Gemma Coleman
Status: Director

The notes form part of these financial statements

ROSE GARDEN EARLY YEARS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Office equipment 25% reducing balance basis Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

    Other accounting policies

    Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). Basis of preparation These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Going concern The financial statements have been prepared on a going concern basis. The directors believe the use of the going concern basis is appropriate based on the continued financial support provided to the company by the parent charity, St Luke's Trust (Berkshire). Debtors Trade debtors are amounts due from customers for the provision of services in the ordinary course of business. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Share capital Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Defined contribution pension obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Other operating income Recharge of employee payroll costs to parent charity (caretaker role) 2024 £6,000 (2023 £6,000) Recharge of emergency repairs to parent charity 2024 £0 (2023 £130) Donation of funds from parent charity 2024 £7,950 (2023 £18,150) Total 2024 £13,950 (2023 £24,280) Donation of funds from parent charity includes the actual transfer of funds and write off of the balance owed to the parent charity to the extent that it exceeded £12,000.

ROSE GARDEN EARLY YEARS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

ROSE GARDEN EARLY YEARS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 851 851
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 851 851
Depreciation
At 1 September 2023 616 616
Charge for year 59 59
On disposals
Other adjustments
At 31 August 2024 675 675
Net book value
At 31 August 2024 176 176
At 31 August 2023 235 235

ROSE GARDEN EARLY YEARS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,566 180
Taxation and social security 1,203 1,684
Other creditors 13,530 13,710
Total 16,299 15,574

ROSE GARDEN EARLY YEARS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Financial Commitments

Related party transactions Summary of transactions with parent An interest free loan totalling £12,000 (2023: £12,000) was owed to St Luke's Trust Berkshire) at the period end. During the period Rose Garden Early Years Centre CIC recharged employee payroll costs totalling £6,000 (2023: £6,000) to St Luke's Trust (Berkshire). The company is a wholly owned subsidiary of St Luke's Trust (Berkshire). The trustees of St Luke's Trust (Berkshire) are S C Brown and M A Webb. Neither trustee of St Luke's Trust (Berkshire) is paid a salary by Rose Garden Early Years Centre CIC.

COMMUNITY INTEREST ANNUAL REPORT

ROSE GARDEN EARLY YEARS CENTRE CIC

Company Number: 09500565 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

THE COMPANY PROVIDES PRE-PRIMARY EDUCATION FROM ITS PREMISES AT 5 CHRISTCHURCH GARDENS, READING, BERKSHIRE.

Consultation with stakeholders

THE COMPANY IS A WHOLLY OWNED SUBSIDIARY OF ST LUKE’S TRUST (BERKSHIRE), CHARITY NO. 309076. THE TRUSTEES ARE MARCUS WEBB AND STUART BROWN. STUART BROWN IS ALSO A DIRECTOR OF ROSE GARDEN EARLY YEARS CENTRE CIC.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 May 2025

And signed on behalf of the board by:
Name: Gemma Coleman
Status: Director