Silverfin false false 31/12/2024 01/01/2024 31/12/2024 L K Bennet 10/10/2000 S Bennet 10/10/2000 D Robertson 11/01/2011 23 June 2025 The principal activity of the Company during the financial year continued to be that of the operation of children's nurseries and out of school clubs. SC211868 2024-12-31 SC211868 bus:Director1 2024-12-31 SC211868 bus:Director2 2024-12-31 SC211868 bus:Director3 2024-12-31 SC211868 2023-12-31 SC211868 core:CurrentFinancialInstruments 2024-12-31 SC211868 core:CurrentFinancialInstruments 2023-12-31 SC211868 core:Non-currentFinancialInstruments 2024-12-31 SC211868 core:Non-currentFinancialInstruments 2023-12-31 SC211868 core:ShareCapital 2024-12-31 SC211868 core:ShareCapital 2023-12-31 SC211868 core:RevaluationReserve 2024-12-31 SC211868 core:RevaluationReserve 2023-12-31 SC211868 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC211868 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC211868 core:Goodwill 2023-12-31 SC211868 core:Goodwill 2024-12-31 SC211868 core:LandBuildings 2023-12-31 SC211868 core:LeaseholdImprovements 2023-12-31 SC211868 core:PlantMachinery 2023-12-31 SC211868 core:FurnitureFittings 2023-12-31 SC211868 core:LandBuildings 2024-12-31 SC211868 core:LeaseholdImprovements 2024-12-31 SC211868 core:PlantMachinery 2024-12-31 SC211868 core:FurnitureFittings 2024-12-31 SC211868 core:CostValuation 2023-12-31 SC211868 core:AdditionsToInvestments 2024-12-31 SC211868 core:CostValuation 2024-12-31 SC211868 2022-12-31 SC211868 bus:OrdinaryShareClass1 2024-12-31 SC211868 bus:PreferenceShareClass1 2024-12-31 SC211868 2024-01-01 2024-12-31 SC211868 bus:FilletedAccounts 2024-01-01 2024-12-31 SC211868 bus:SmallEntities 2024-01-01 2024-12-31 SC211868 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC211868 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC211868 bus:Director1 2024-01-01 2024-12-31 SC211868 bus:Director2 2024-01-01 2024-12-31 SC211868 bus:Director3 2024-01-01 2024-12-31 SC211868 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 SC211868 core:LeaseholdImprovements core:TopRangeValue 2024-01-01 2024-12-31 SC211868 core:PlantMachinery core:TopRangeValue 2024-01-01 2024-12-31 SC211868 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 SC211868 2023-01-01 2023-12-31 SC211868 core:LandBuildings 2024-01-01 2024-12-31 SC211868 core:LeaseholdImprovements 2024-01-01 2024-12-31 SC211868 core:PlantMachinery 2024-01-01 2024-12-31 SC211868 core:FurnitureFittings 2024-01-01 2024-12-31 SC211868 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 SC211868 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 SC211868 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC211868 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC211868 bus:PreferenceShareClass1 2024-01-01 2024-12-31 SC211868 bus:PreferenceShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC211868 (Scotland)

CHERRYTREES CHILDRENS NURSERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

CHERRYTREES CHILDRENS NURSERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

CHERRYTREES CHILDRENS NURSERIES LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
CHERRYTREES CHILDRENS NURSERIES LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 2,155,312 2,174,785
Investments 5 1 0
2,155,313 2,174,785
Current assets
Stocks 1,851 2,634
Debtors 6 1,082,410 562,663
Cash at bank and in hand 201,919 28,887
1,286,180 594,184
Creditors: amounts falling due within one year 7 ( 1,127,323) ( 477,848)
Net current assets 158,857 116,336
Total assets less current liabilities 2,314,170 2,291,121
Creditors: amounts falling due after more than one year 8 ( 544,336) ( 638,136)
Provision for liabilities 9 ( 7,491) 0
Net assets 1,762,343 1,652,985
Capital and reserves
Called-up share capital 10 25,000 25,000
Revaluation reserve 509,964 519,560
Profit and loss account 1,227,379 1,108,425
Total shareholders' funds 1,762,343 1,652,985

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Cherrytrees Childrens Nurseries Limited (registered number: SC211868) were approved and authorised for issue by the Board of Directors on 23 June 2025. They were signed on its behalf by:

S Bennet
Director
CHERRYTREES CHILDRENS NURSERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
CHERRYTREES CHILDRENS NURSERIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cherrytrees Childrens Nurseries Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 3 Abbey Road, Dunbar, EH42 1JP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable for the operation of children's nurseries and out of school clubs.

Revenue from the sale of services is recognised when the service is supplied, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Leasehold improvements 5 years straight line
Plant and machinery 3 years straight line
Fixtures and fittings 4 years straight line

The transfers between the revaluation reserve and the profit and loss reserves, detailed in the statement of changes in equity, relates to the excess depreciation charge written off over the useful economic life of the revalued buildings.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

At each reporting period end date, the Company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs. Cost comprises direct materials.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash with the banks and in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, and bank loans, are recognised at transaction price.Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 102 111

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 450,000 450,000
At 31 December 2024 450,000 450,000
Accumulated amortisation
At 01 January 2024 450,000 450,000
At 31 December 2024 450,000 450,000
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 January 2024 2,443,489 158,035 27,401 287,670 2,916,595
Additions 0 51,213 0 32,283 83,496
Disposals 0 ( 872) 0 ( 26,660) ( 27,532)
At 31 December 2024 2,443,489 208,376 27,401 293,293 2,972,559
Accumulated depreciation
At 01 January 2024 436,293 72,385 23,243 209,889 741,810
Charge for the financial year 35,660 30,049 2,131 35,129 102,969
Disposals 0 ( 872) 0 ( 26,660) ( 27,532)
At 31 December 2024 471,953 101,562 25,374 218,358 817,247
Net book value
At 31 December 2024 1,971,536 106,814 2,027 74,935 2,155,312
At 31 December 2023 2,007,196 85,650 4,158 77,781 2,174,785

Revaluation of tangible assets

The freehold and leasehold land and buildings were professionally valued on an open market basis by Savills, Chartered Surveyors on 2 August 2010. If the revalued assets were stated on a historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

2024 2023
£ £
Historical cost 1,696,330 1,696,330
Accumulated depreciation (614,824) (580,898)
Carrying value 1,081,506 1,115,432

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 0
Additions 1
At 31 December 2024 1
Carrying value at 31 December 2024 1
Carrying value at 31 December 2023 0

6. Debtors

2024 2023
£ £
Trade debtors 546,067 559,709
Corporation tax 135,141 0
Other debtors 401,202 2,954
1,082,410 562,663

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 568,419 204,786
Trade creditors 19,696 29,660
Amounts owed to Group undertakings 1 0
Taxation and social security 237,907 84,965
Other creditors 301,300 158,437
1,127,323 477,848

A floating charge was taken out on 5 October 2016 over the freehold and leasehold property of the Company in favour of HSBC Bank PLC.

A standard security was also taken out on the Dunbar, Edinburgh and Hawick properties in favour of HSBC Bank PLC.

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 544,336 638,136

A floating charge was taken out on 5 October 2016 over the freehold and leasehold property of the Company in favour of HSBC Bank PLC.

A standard security was also taken out on the Dunbar, Edinburgh and Hawick properties in favour of HSBC Bank PLC.

9. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 7,491) 0
At the end of financial year ( 7,491) 0

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
5,000 Ordinary shares shares of £ 1.00 each 5,000 5,000
20,000 Preference shares shares of £ 1.00 each 20,000 20,000
25,000 25,000

11. Financial commitments

Other financial commitments

2024 2023
£ £
Total commitments under non-cancellable operating leases not provided for in the accounts 184,237 212,000

At the reporting date the Company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as outlined above.

12. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Key Management Personnel - loans due from 400,000 0
Key Management Personnel - loans due to 0 1,985

Loans due from the directors increased during the year and have an interest rate applied which tracks the HMRC official rate of interest.

No guarantees have been given or received.