Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-015750truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04258049 2023-10-01 2024-09-30 04258049 2022-10-01 2023-09-30 04258049 2024-09-30 04258049 2023-09-30 04258049 c:Director1 2023-10-01 2024-09-30 04258049 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 04258049 d:Buildings d:ShortLeaseholdAssets 2024-09-30 04258049 d:Buildings d:ShortLeaseholdAssets 2023-09-30 04258049 d:FurnitureFittings 2023-10-01 2024-09-30 04258049 d:FurnitureFittings 2024-09-30 04258049 d:FurnitureFittings 2023-09-30 04258049 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04258049 d:ComputerEquipment 2023-10-01 2024-09-30 04258049 d:ComputerEquipment 2024-09-30 04258049 d:ComputerEquipment 2023-09-30 04258049 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04258049 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04258049 d:Goodwill 2024-09-30 04258049 d:Goodwill 2023-09-30 04258049 d:CurrentFinancialInstruments 2024-09-30 04258049 d:CurrentFinancialInstruments 2023-09-30 04258049 d:Non-currentFinancialInstruments 2024-09-30 04258049 d:Non-currentFinancialInstruments 2023-09-30 04258049 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04258049 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04258049 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04258049 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04258049 d:ShareCapital 2024-09-30 04258049 d:ShareCapital 2023-09-30 04258049 d:RetainedEarningsAccumulatedLosses 2024-09-30 04258049 d:RetainedEarningsAccumulatedLosses 2023-09-30 04258049 c:FRS102 2023-10-01 2024-09-30 04258049 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04258049 c:FullAccounts 2023-10-01 2024-09-30 04258049 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04258049 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 04258049










LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
REGISTERED NUMBER: 04258049

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
-
-

Tangible assets
 6 
91,855
75,031

  
91,855
75,031

Current assets
  

Debtors: amounts falling due after more than one year
 7 
17,875
30,875

Debtors: amounts falling due within one year
 7 
111,281
138,636

Cash at bank and in hand
 8 
192,256
87,838

  
321,412
257,349

Creditors: amounts falling due within one year
 9 
(239,957)
(169,121)

Net current assets
  
 
 
81,455
 
 
88,228

Total assets less current liabilities
  
173,310
163,259

Creditors: amounts falling due after more than one year
  
(170,000)
(150,367)

  

Net assets
  
3,310
12,892


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
2,310
11,892

  
3,310
12,892


Page 1

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
REGISTERED NUMBER: 04258049
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N W Meyrick
Director

Date: 4 June 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Little Angels Day Nursery and Pre-School is a private company limited by share capital, incorporated in England and Wales, registration number 04258049. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the period of the lease
Fixtures and fittings
-
20% reducing balance
Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

 
2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term 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.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

Page 4

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 October 2022 to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 5

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.13

Financial instruments


The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 57 (2023 - 50).


4.


Other operating income

2024
2023
£
£

Grants receivable
2,162
3,477


Page 7

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
50,000



At 30 September 2024

50,000



Amortisation


At 1 October 2023
50,000



At 30 September 2024

50,000



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 8

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost 


At 1 October 2023
95,757
262,108
25,779
383,644


Additions
13,241
22,681
160
36,082


Disposals
-
(7,954)
-
(7,954)



At 30 September 2024

108,998
276,835
25,939
411,772



Depreciation


At 1 October 2023
95,757
197,758
15,099
308,614


Charge for the year on owned assets
1,324
14,864
1,194
17,382


Disposals
-
(6,079)
-
(6,079)



At 30 September 2024

97,081
206,543
16,293
319,917



Net book value



At 30 September 2024
11,917
70,292
9,646
91,855



At 30 September 2023
-
64,350
10,681
75,031

Page 9

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
17,875
30,875


2024
2023
£
£

Due within one year

Trade debtors
587
6,620

Other debtors
68,000
105,000

Prepayments and accrued income
42,694
27,016

111,281
138,636



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
192,256
87,838



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
29,152
24,331

Corporation tax
45,145
23,251

Other taxation and social security
19,370
17,447

Other creditors
137,478
97,450

Accruals and deferred income
8,812
6,642

239,957
169,121


Page 10

 
LITTLE ANGELS DAY NURSERY AND PRE-SCHOOL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
170,000
150,367

170,000
150,367



11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £17,445 (2023: £15,597). Contributions totalling £2,535 (2023 - £1,898) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases



The company has operating lease commitments of £1,369,698 (2023: £860,000), with the last payment being in June 2034.


13.


Transactions with directors

At the year end the directors owed the company £55,000 (2023: £95,000). 


14.


Related party transactions

During the year, dividends were paid to the shareholders amounting to £130,000 (2023: £90,000).
Included within other debtors is an amount of £Nil (2023: £10,000) owed by a connected company. This amount was interest free and repayable on demand.

 
Page 11