Company No:
Contents
| Directors | S C Crocker |
| E A Crocker |
| Registered office | Springfield House |
| Springfield Road | |
| Horsham | |
| West Sussex | |
| RH12 2RG | |
| United Kingdom |
| Company number | 08316263 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| Springfield House | |
| Springfield Road | |
| Horsham | |
| West Sussex | |
| RH12 2RG |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
|
|
|
| Investment property | 4 |
|
|
|
| Investments | 5 |
|
|
|
| 1,083,853 | 897,126 | |||
| Current assets | ||||
| Debtors | ||||
| - due within one year | 6 |
|
|
|
| - due after more than one year | 6 |
|
|
|
| Cash at bank and in hand |
|
|
||
| 2,084,854 | 1,845,550 | |||
| Creditors: amounts falling due within one year | 7 | (
|
(
|
|
| Net current assets | 2,060,168 | 1,822,774 | ||
| Total assets less current liabilities | 3,144,021 | 2,719,900 | ||
| Provision for liabilities | 8 | (
|
(
|
|
| Net assets |
|
|
||
| Capital and reserves | ||||
| Called-up share capital |
|
|
||
| Profit and loss account |
|
|
||
| Total shareholders' funds |
|
|
Directors' responsibilities:
The financial statements of Night Garden Limited (registered number:
|
S C Crocker
Director |
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.
Night Garden Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, 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 £1.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings 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.
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.
| Land and buildings |
|
| Plant and machinery |
|
| Vehicles |
|
| Office equipment |
|
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.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
|
|
| Land and buildings | Plant and machinery | Vehicles | Office equipment | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost | |||||||||
| At 01 January 2024 |
|
|
|
|
|
||||
| Additions |
|
|
|
|
|
||||
| At 31 December 2024 |
|
|
|
|
|
||||
| Accumulated depreciation | |||||||||
| At 01 January 2024 |
|
|
|
|
|
||||
| Charge for the financial year |
|
|
|
|
|
||||
| At 31 December 2024 |
|
|
|
|
|
||||
| Net book value | |||||||||
| At 31 December 2024 | 111,181 | 63,882 | 57,838 | 2,806 | 235,707 | ||||
| At 31 December 2023 | 123,887 | 80,278 | 78,339 | 4,188 | 286,692 |
| Investment property | |
| £ | |
| Valuation | |
| As at 01 January 2024 |
|
| Additions | 134,034 |
| As at 31 December 2024 |
|
Historic cost
If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:
| 2024 | 2023 | ||
| £ | £ | ||
| Historic cost | 134,034 | 0 |
| Investments in associates | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 January 2024 |
|
|
|
| Additions |
|
|
|
| At 31 December 2024 |
|
|
|
| Carrying value at 31 December 2024 |
|
|
|
| Carrying value at 31 December 2023 |
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Debtors: amounts falling due within one year | |||
| Amounts owed by directors |
|
|
|
| Prepayments and accrued income |
|
|
|
| VAT recoverable |
|
|
|
| Other debtors |
|
|
|
|
|
|
||
| Debtors: amounts falling due after more than one year | |||
| Amounts owed by connected companies |
|
|
|
| Other debtors |
|
|
|
|
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
|
|
|
| Accruals |
|
|
|
| Corporation tax |
|
|
|
| Other taxation and social security |
|
|
|
| Other creditors |
|
|
|
|
|
|
| 2024 | 2023 | ||
| £ | £ | ||
| At the beginning of financial year | (
|
(
|
|
| Credited/(charged) to the Statement of Income and Retained Earnings |
|
(
|
|
| At the end of financial year | (
|
(
|
The deferred taxation balance is made up as follows:
| 2024 | 2023 | ||
| £ | £ | ||
| Accelerated capital allowances | (
|
(
|
Pensions
The Company operates a defined contribution pension scheme for the directors and employees. 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 £1,634 (2023 - £608). Contributions totalling £3,022 (2023 - £2,490) were payable to the fund at the balance sheet date and are included in creditors.
Transactions with the entity's directors
| 2024 | 2023 | ||
| £ | £ | ||
| S C Crocker & E A Crocker | 53,874 | 13,871 |
During the year the company provided an additional loan to the directors. Interest at 2.25% is being charged on the loan. The loan is repayable on demand.