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REGISTERED NUMBER: 11542978 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st August 2024

for

LETS EXPLORE DAY NURSERIES LIMITED

LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978)






Contents of the Financial Statements
for the year ended 31st August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 7

LETS EXPLORE DAY NURSERIES LIMITED

Company Information
for the year ended 31st August 2024







DIRECTORS: J Bayly
R M Parker





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 11542978 (England and Wales)





ACCOUNTANTS: TC Group
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN

LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978)

Statement of Financial Position
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 240,613 293,126

CURRENT ASSETS
Debtors 5 32,229 45,189
Cash at bank 100,794 23,459
133,023 68,648
CREDITORS
Amounts falling due within one year 6 494,554 526,097
NET CURRENT LIABILITIES (361,531 ) (457,449 )
TOTAL ASSETS LESS CURRENT LIABILITIES (120,918 ) (164,323 )

PROVISIONS FOR LIABILITIES 56,232 73,282
NET LIABILITIES (177,150 ) (237,605 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (177,250 ) (237,705 )
(177,150 ) (237,605 )

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.

LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2025 and were signed on its behalf by:





J Bayly - Director


LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978)

Notes to the Financial Statements
for the year ended 31st August 2024

1. STATUTORY INFORMATION

Lets Explore Day Nurseries 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 from a contract to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

- the amount of turnover can be measure reliably
- it is probable that the company will receive the consideration due under the contract; and
- the stage of completion of the service at the end of the reporting period can be measured reliably.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Fixtures and fittings - 20% straight line
Leasehold Improvements - 10% straight line
Computer equipment - 25% straight line
Plant and equipment - 25% straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amounts and are recognised in the Statement of Comprehensive Income.

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 statement of financial position date.


LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978)

Notes to the Financial Statements - continued
for the year ended 31st 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 statement of financial position 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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

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

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 405,446 74,869 39,549 755 520,619
Additions - - 709 - 709
At 31st August 2024 405,446 74,869 40,258 755 521,328
DEPRECIATION
At 1st September 2023 134,329 66,032 26,943 189 227,493
Charge for year 40,545 4,435 8,053 189 53,222
At 31st August 2024 174,874 70,467 34,996 378 280,715
NET BOOK VALUE
At 31st August 2024 230,572 4,402 5,262 377 240,613
At 31st August 2023 271,117 8,837 12,606 566 293,126

LETS EXPLORE DAY NURSERIES LIMITED (REGISTERED NUMBER: 11542978)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 17,364 25,325
Prepayments and accrued income 14,865 19,864
32,229 45,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 213 2,277
Amounts owed to group undertakings 25,840 5,270
Social security and other taxes 10,869 7,323
Other creditors 447,778 496,754
Accruals and deferred income 9,854 14,473
494,554 526,097

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There are no amounts outstanding at the year end.

8. RELATED PARTY DISCLOSURES

Included within other creditors is an amount owed to a shareholder of £444,400 (2023 - £494,400). This amount is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Lets Explore Holdings Limited, a company registered in England and Wales.

Due to the size of the group the parent company is exempt from preparing group accounts.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lets Explore Day Nurseries Limited

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 Statement of Financial Position. 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.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31st August 2024.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.






TC Group
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN


29th May 2025