Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-11-01falseNo description of principal activity9398truefalse 04300363 2023-11-01 2024-10-31 04300363 2022-11-01 2023-10-31 04300363 2024-10-31 04300363 2023-10-31 04300363 c:Director1 2023-11-01 2024-10-31 04300363 d:Buildings 2023-11-01 2024-10-31 04300363 d:Buildings 2024-10-31 04300363 d:Buildings 2023-10-31 04300363 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04300363 d:Buildings d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04300363 d:LandBuildings 2024-10-31 04300363 d:LandBuildings 2023-10-31 04300363 d:MotorVehicles 2023-11-01 2024-10-31 04300363 d:MotorVehicles 2024-10-31 04300363 d:MotorVehicles 2023-10-31 04300363 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04300363 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04300363 d:FurnitureFittings 2023-11-01 2024-10-31 04300363 d:FurnitureFittings 2024-10-31 04300363 d:FurnitureFittings 2023-10-31 04300363 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04300363 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04300363 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04300363 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04300363 d:CurrentFinancialInstruments 2024-10-31 04300363 d:CurrentFinancialInstruments 2023-10-31 04300363 d:Non-currentFinancialInstruments 2024-10-31 04300363 d:Non-currentFinancialInstruments 2023-10-31 04300363 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04300363 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04300363 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 04300363 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04300363 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 04300363 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 04300363 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 04300363 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 04300363 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 04300363 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 04300363 d:ShareCapital 2024-10-31 04300363 d:ShareCapital 2023-10-31 04300363 d:RetainedEarningsAccumulatedLosses 2024-10-31 04300363 d:RetainedEarningsAccumulatedLosses 2023-10-31 04300363 c:FRS102 2023-11-01 2024-10-31 04300363 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04300363 c:FullAccounts 2023-11-01 2024-10-31 04300363 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04300363 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 04300363 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 04300363 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 04300363 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 04300363 d:HirePurchaseContracts d:MoreThanFiveYears 2024-10-31 04300363 d:HirePurchaseContracts d:MoreThanFiveYears 2023-10-31 04300363 6 2023-11-01 2024-10-31 04300363 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 04300363









OLD MACDONALDS DAY NURSERY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
OLD MACDONALDS DAY NURSERY LTD
REGISTERED NUMBER: 04300363

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,714,793
2,823,794

Investments
 5 
56,689
70,157

  
2,771,482
2,893,951

Current assets
  

Debtors: amounts falling due within one year
 6 
906,713
628,465

Cash at bank and in hand
 7 
54,114
27,528

  
960,827
655,993

Creditors: amounts falling due within one year
 8 
(1,034,546)
(984,189)

Net current liabilities
  
 
 
(73,719)
 
 
(328,196)

Total assets less current liabilities
  
2,697,763
2,565,755

Creditors: amounts falling due after more than one year
 9 
(1,950,830)
(1,844,565)

  

Net assets
  
746,933
721,190


Capital and reserves
  

Called up share capital 
  
700,002
700,002

Profit and loss account
  
46,931
21,188

  
746,933
721,190


Page 1

 
OLD MACDONALDS DAY NURSERY LTD
REGISTERED NUMBER: 04300363
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 statement of comprehensive income 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 on 26 August 2025.




................................................
D. Selwood
Director

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

Page 2

 
OLD MACDONALDS DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

The entity is a private company limited by share capital, registered in England and Wales and the registered address is situated at Darley Ash Farm, Chipperfield Road, Bovingdon, Hertfordshire HP3 0JW.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
OLD MACDONALDS DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

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.

Page 4

 
OLD MACDONALDS DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Motor vehicles
-
20%
Reducing balance
Fixtures and fittings
-
25%

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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
OLD MACDONALDS DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 93 (2023 - 98).


4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 November 2023
3,005,931
-
519,208
3,525,139


Additions
-
79,123
-
79,123


Disposals
-
-
(68,399)
(68,399)



At 31 October 2024

3,005,931
79,123
450,809
3,535,863



Depreciation


At 1 November 2023
479,295
-
222,049
701,344


Charge for the year on owned assets
60,119
-
112,702
172,821


Charge for the year on financed assets
-
15,304
-
15,304


Disposals
-
-
(68,399)
(68,399)



At 31 October 2024

539,414
15,304
266,352
821,070



Net book value



At 31 October 2024
2,466,517
63,819
184,457
2,714,793



At 31 October 2023
2,526,636
-
297,158
2,823,794

Page 6

 
OLD MACDONALDS DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
2,466,517
2,526,636

2,466,517
2,526,636



5.


Fixed asset investments





Investment in joint ventures

£



Cost or valuation


At 1 November 2023
70,157


Additions
(150,000)


Share of profit/(loss)
136,532



At 31 October 2024
56,689





6.


Debtors

2024
2023
£
£


Other debtors
906,713
628,465

906,713
628,465


Page 7

 
OLD MACDONALDS DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
54,114
27,528

Less: bank overdrafts
-
(28,712)

54,114
(1,184)



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
28,712

Bank loans
458,826
531,520

Corporation tax
231,755
151,041

Other taxation and social security
70,144
77,187

Obligations under finance lease and hire purchase contracts
5,791
-

Other creditors
37,213
32,929

Accruals and deferred income
230,817
162,800

1,034,546
984,189


The following liabilities were secured:

2024
2023
£
£



Bank Loans
458,826
531,520

458,826
531,520

Details of security provided:

The bank loans are secured by way of mortgages on the land and buildings and by way of fixed and floating charges against all assets of the comany.

Page 8

 
OLD MACDONALDS DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,880,263
1,844,565

Net obligations under finance leases and hire purchase contracts
70,567
-

1,950,830
1,844,565


The following liabilities were secured:

2024
2023
£
£



Bank Loans
1,807,654
1,844,565

1,807,654
1,844,565

Details of security provided:

The bank loans are secured by way of mortgages on the land and buildings and by way of fixed and floating charges against all assets of the comany.

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2024
2023
£
£


Repayable by instalments
495,188
568,315

495,188
568,315

The remining terms of the loans ranges from 4 to 12 years and the rates of interests are a mixture of fixed and variable.

Page 9

 
OLD MACDONALDS DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
458,826
531,520


458,826
531,520

Amounts falling due 1-2 years

Bank loans
435,492
531,520


435,492
531,520

Amounts falling due 2-5 years

Bank loans
876,975
744,731


876,975
744,731

Amounts falling due after more than 5 years

Bank loans
567,797
568,315

567,797
568,315

2,339,090
2,376,086



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,791
-

Between 1-5 years
8,685
-

Over 5 years
61,882
-

76,358
-

Page 10

 
OLD MACDONALDS DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

12.


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 £71,861 (2023 - £65,725). Contributions totalling £37,213 (2023 - £31,749) were payable to the fund at the reporting date and are included in creditors.

 
Page 11