85 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 195,000 195,000 xbrli:pure xbrli:shares iso4217:GBP 06396918 2023-12-01 2024-11-30 06396918 2024-11-30 06396918 2023-11-30 06396918 2022-12-01 2023-11-30 06396918 2023-11-30 06396918 2022-11-30 06396918 core:NetGoodwill 2023-12-01 2024-11-30 06396918 core:PlantMachinery 2023-12-01 2024-11-30 06396918 bus:RegisteredOffice 2023-12-01 2024-11-30 06396918 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 06396918 bus:Director1 2023-12-01 2024-11-30 06396918 bus:Director2 2023-12-01 2024-11-30 06396918 bus:Director3 2023-12-01 2024-11-30 06396918 bus:CompanySecretary1 2023-12-01 2024-11-30 06396918 core:NetGoodwill 2024-11-30 06396918 core:LandBuildings 2023-11-30 06396918 core:PlantMachinery 2023-11-30 06396918 core:LandBuildings 2024-11-30 06396918 core:PlantMachinery 2024-11-30 06396918 core:WithinOneYear 2024-11-30 06396918 core:WithinOneYear 2023-11-30 06396918 core:ShareCapital 2024-11-30 06396918 core:ShareCapital 2023-11-30 06396918 core:RetainedEarningsAccumulatedLosses 2024-11-30 06396918 core:RetainedEarningsAccumulatedLosses 2023-11-30 06396918 core:BetweenOneFiveYears 2024-11-30 06396918 core:BetweenOneFiveYears 2023-11-30 06396918 core:MoreThanFiveYears 2024-11-30 06396918 core:MoreThanFiveYears 2023-11-30 06396918 core:LandBuildings 2023-11-30 06396918 core:PlantMachinery 2023-11-30 06396918 bus:SmallEntities 2023-12-01 2024-11-30 06396918 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 06396918 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 06396918 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06396918 bus:FullAccounts 2023-12-01 2024-11-30 06396918 core:OfficeEquipment 2023-12-01 2024-11-30 06396918 core:OfficeEquipment 2023-11-30 06396918 core:OfficeEquipment 2024-11-30
COMPANY REGISTRATION NUMBER: 06396918
HEATH FARM DAY NURSERY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 November 2024
HEATH FARM DAY NURSERY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
HEATH FARM DAY NURSERY LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
T J Wright
A Wright
I L Wright
Company secretary
A Wright
Registered office
The Granary
Heath Road
Dunholme
Lincoln
Lincolnshire
LN2 3QD
Accountants
STREETS LLP
Chartered Accountants
Tower House
Lucy Tower Street
Lincoln
Lincolnshire
LN1 1XW
HEATH FARM DAY NURSERY LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
501,331
491,452
Current assets
Debtors
7
492,807
232,216
Cash at bank and in hand
66,063
195,537
-----------
-----------
558,870
427,753
Creditors: amounts falling due within one year
8
168,046
109,462
-----------
-----------
Net current assets
390,824
318,291
-----------
-----------
Total assets less current liabilities
892,155
809,743
Provisions
Taxation including deferred tax
7,493
6,560
-----------
-----------
Net assets
884,662
803,183
-----------
-----------
HEATH FARM DAY NURSERY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
883,662
802,183
-----------
-----------
Shareholders funds
884,662
803,183
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 August 2025 , and are signed on behalf of the board by:
T J Wright
A Wright
Director
Director
I L Wright
Director
Company registration number: 06396918
HEATH FARM DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Granary, Heath Road, Dunholme, Lincoln, Lincolnshire, LN2 3QD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
25% reducing balance
Nursery Equipment
-
25% reducing balance
Freehold property - not depreciated
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 85 (2023: 85 ).
5. Intangible assets
Goodwill
£
Cost
At 1 December 2023 and 30 November 2024
195,000
-----------
Amortisation
At 1 December 2023 and 30 November 2024
195,000
-----------
Carrying amount
At 30 November 2024
-----------
At 30 November 2023
-----------
6. Tangible assets
Freehold Property
Office Equipment
Nursery Equipment
Total
£
£
£
£
Cost
At 1 December 2023
450,152
10,993
135,792
596,937
Additions
23,734
23,734
-----------
---------
-----------
-----------
At 30 November 2024
450,152
10,993
159,526
620,671
-----------
---------
-----------
-----------
Depreciation
At 1 December 2023
6,427
99,058
105,485
Charge for the year
1,141
12,714
13,855
-----------
---------
-----------
-----------
At 30 November 2024
7,568
111,772
119,340
-----------
---------
-----------
-----------
Carrying amount
At 30 November 2024
450,152
3,425
47,754
501,331
-----------
---------
-----------
-----------
At 30 November 2023
450,152
4,566
36,734
491,452
-----------
---------
-----------
-----------
Freehold property is not depreciated
7. Debtors
2024
2023
£
£
Trade debtors
8
4,505
Amounts owed by group undertakings and undertakings in which the company has a participating interest
431,467
165,458
Other debtors
61,332
62,253
-----------
-----------
492,807
232,216
-----------
-----------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
13,513
20,692
Corporation tax
99,922
60,154
Social security and other taxes
23,046
12,482
Credit card
13,962
6,349
Other creditors
17,603
9,785
-----------
-----------
168,046
109,462
-----------
-----------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
10,794
10,794
Later than 1 year and not later than 5 years
12,096
16,536
Later than 5 years
19,062
25,416
---------
---------
41,952
52,746
---------
---------
10. Related party transactions
Included in other debtors is a balance of £50,158 (2023: £49,290) owed by AWTW Ltd, a company with common directors. Included in other creditors is a balance of £1,172 (2023: £Nil) owed to Park Farm Day Nursery Ltd, a company with common directors. No other transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102.
11. Controlling party
The ultimate controlling party is I L