TOAD HALL DAY NURSERY (BICESTER) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
Company Registration Number: 07738135
TOAD HALL DAY NURSERY (BICESTER) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 10
TOAD HALL DAY NURSERY (BICESTER) LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024
DIRECTOR
Ms M Jackson
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ
COMPANY REGISTRATION NUMBER
07738135 England and Wales
TOAD HALL DAY NURSERY (BICESTER) LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
Notes 2024 2023
£ £
FIXED ASSETS
Tangible assets 5 238,284 788,800
CURRENT ASSETS
Debtors 6 746,476 116,992
Cash at bank and in hand 214,506 139,345
960,982 256,337
CREDITORS: Amounts falling due within one year 7 542,742 267,308
NET CURRENT ASSETS / (LIABILITIES) 418,240 (10,971)
TOTAL ASSETS LESS CURRENT LIABILITIES 656,524 777,829
CREDITORS: Amounts falling due after more than one year 8 - 316,453
Provisions for liabilities and charges 45,540 31,746
NET ASSETS 610,984 429,630
CAPITAL AND RESERVES
Called up share capital 101 101
Distributable profit and loss account 610,883 429,529
SHAREHOLDERS' FUNDS 610,984 429,630
TOAD HALL DAY NURSERY (BICESTER) LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board
Ms M Jackson
Director
Date approved by the board: 2 July 2025
TOAD HALL DAY NURSERY (BICESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 GENERAL INFORMATION
Toad Hall Day Nursery (Bicester) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:
Registered office Principal place of business
C9 Glyme Court 232-234 Buckingham Rd
Oxford Office Village Bicester
Langford Lane OX26 4EL
Kidlington
Oxfordshire
OX5 1LQ
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Going concern
The accounts have been drawn up on the going concern basis. The company owes its bank £135,455 which could be required for repayment without notice. The company is therefore dependent upon the continued support of the bank. The director does not consider the support of the bank likely to be withdrawn.
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.
Revenue recognition
Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of nursery and daycare services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
TOAD HALL DAY NURSERY (BICESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Grant Income
Grant income has been recognised under the accrual model, where income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
Land and buildings No depreciation
Plant and machinery 25% Reducing balance
Fixtures, fittings and computer equipment 25% Reducing balance
Leasehold improvements No depreciation
Depreciation has not been provided in respect of land and buildings. The company adopts a policy of fully maintaining these and as such the residual value is so high, and the expected useful life is so long, that the depreciation charge would be immaterial, both in terms of the depreciation charged for the period and the cumulative charge to the balance sheet.
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
TOAD HALL DAY NURSERY (BICESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Current and deferred tax assets and liabilities are not discounted.
TOAD HALL DAY NURSERY (BICESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Pensions
The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the year was:
2024 2023
Average number of employees 42 39
TOAD HALL DAY NURSERY (BICESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
5 TANGIBLE ASSETS Fixtures, fittings and computer equipment
Land and buildings Plant and machinery Leasehold improvements Total
£ £ £ £ £
Cost
At 1 January 2024 605,047 166,880 98,464 64,190 934,581
Additions - 54,707 44,946 40,706 140,359
Assets transferred - - (449) 449 -
Disposals (605,047) - (9,438) (4,997) (619,482)
At 31 December 2024 - 221,587 133,523 100,348 455,458
Accumulated depreciation and impairments
At 1 January 2024 - 102,169 43,612 - 145,781
Charge for year - 36,041 42,989 - 79,030
Disposals - - (7,637) - (7,637)
At 31 December 2024 - 138,210 78,964 - 217,174
Net book value
At 1 January 2024 605,047 64,711 54,852 64,190 788,800
At 31 December 2024 - 83,377 54,559 100,348 238,284
6 DEBTORS
2024 2023
£ £
Trade debtors 380 2,278
Prepayments and accrued income 38,753 8,125
Other debtors 707,343 106,589
746,476 116,992
TOAD HALL DAY NURSERY (BICESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
7 CREDITORS: Amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 135,455 49,924
Trade creditors 9,203 11,113
Taxation and social security 102,226 66,463
Accruals and deferred income 4,397 6,000
Other creditors 291,461 133,808
542,742 267,308
8 CREDITORS: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts - 316,453
9 DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The following director's advances, credits and guarantees took place during the year
Balance at 1 January 2024 Amounts advanced Amounts repaid Amounts written off or waived Balance at 31 December 2024
£ £ £ £ £
Ms M Jackson 81,589 127,195 208,784 - -
Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.
TOAD HALL DAY NURSERY (BICESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10 RELATED PARTY TRANSACTIONS
During the year, the following transactions with related parties took place:
Fast-Track Telecom Limited
Company under control of a close family member 2024 2023
£ £
Amounts due (to)/from related party 1,362 (27,686)
Toad Hall (Property) Ltd
Company under common control 2024 2023
£ £
Amounts due from related party 680,981 -
M Jackson
Director and shareholder 2024 2023
£ £
Amount due to director 152,869 -
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