Hopscotch Day Nurseries (Titchfield) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06314837 (England and Wales)

HOPSCOTCH DAY NURSERIES (TITCHFIELD) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss F J Derrick

SECRETARY:

I Thornley

REGISTERED OFFICE:

9 Fielder Drive

Fareham

Hampshire

PO14 1JE

REGISTERED NUMBER:

06314837 (England and Wales)

ACCOUNTANTS:

Hopper Williams & Bell Limited

Chartered Accountants

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

FIXED ASSETS

Tangible assets

4

736,133

738,030

CURRENT ASSETS

Debtors

5

304,725

168,447

Cash at bank and in hand

20,775

15,272

325,500

183,719

CREDITORS

Amounts falling due within one year

6

(839,602

)

(699,719

)

NET CURRENT LIABILITIES

(514,102

)

(516,000

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

222,031

222,030

CAPITAL AND RESERVES

Called up share capital

100

Share premium

8

109,961

Non-distributable profit & loss

8

111,964

Retained earnings

8

6

5

222,031

222,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2025 and were signed by:

Miss F J Derrick - Director

1.	STATUTORY INFORMATION

Hopscotch Day Nurseries (Titchfield) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

Hopscotch Day Nurseries Group Ltd, the company's parent, has confirmed its willingness to provide financial support to the company if it may be required.

The Directors are satisfied that the company is a going concern for at least 12 months following the signing of these financial statements. Accordingly, the Directors have prepared these financial statements on this basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% Straight line

Plant and machinery

-

25% Reducing balance

Fixtures and fittings

-

25% Reducing balance

Computer equipment

-

Straight line over 4 years

Depreciation is not charged on freehold land and buildings as it is deemed that the asset is still valued at it's original cost.

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 recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Improvements

Plant and

property

to property

machinery

£

COST OR VALUATION

At 1 January 2024

675,000

279,951

28,106

Additions

-

1,361

1,032

At 31 December 2024

675,000

281,312

29,138

DEPRECIATION

At 1 January 2024

-

223,454

26,797

Charge for year

-

4,538

453

At 31 December 2024

-

227,992

27,250

NET BOOK VALUE

At 31 December 2024

675,000

53,320

1,888

At 31 December 2023

675,000

56,497

1,309

Fixtures

and

Computer

fittings

equipment

Totals

£

COST OR VALUATION

At 1 January 2024

19,495

6,894

1,009,446

Additions

189

2,196

4,778

At 31 December 2024

19,684

9,090

1,014,224

DEPRECIATION

At 1 January 2024

15,070

6,095

271,416

Charge for year

1,152

532

6,675

At 31 December 2024

16,222

6,627

278,091

NET BOOK VALUE

At 31 December 2024

3,462

2,463

736,133

At 31 December 2023

4,425

799

738,030

Cost or valuation at 31 December 2024 is represented by:

Freehold

Improvements

Plant and

property

to property

machinery

£

Valuation in 2016

4,904

-

Cost

670,096

281,312

29,138

675,000

281,312

29,138

Fixtures

and

Computer

fittings

equipment

Totals

£

Valuation in 2016

-

4,904

Cost

19,684

9,090

1,009,320

19,684

9,090

1,014,224

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,202

1,918

Amounts owed by group undertakings

285,171

148,201

Prepayments and accrued income

18,352

18,328

304,725

168,447

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

15,934

15,357

Amounts owed to group undertakings

707,392

566,084

Social security and other taxes

15,103

17,816

Other creditors

99,563

92,350

Accruals and deferred income

1,610

8,112

839,602

699,719

7.	SECURED DEBTS

There is a fixed and floating charge with Santander over the company's current and future assets.

8.

RESERVES

Non-distributable

Retained

Share

profit &

earnings

premium

loss

Totals

£

At 1 January 2024

5

109,961

111,964

221,930

Profit for the year

312,424

-

312,424

Dividends

(312,423

)

-

(312,423

)

At 31 December 2024

6

109,961

111,964

221,931

The accounts include a share premium account of £109,961. The share premium has arisen due to a purchase of shares at a premium in 2010.

The non-distributable reserve represents the unrealised gain arising on the revaluation of the freehold property.

There is no effect on tax as a result of this restatement of comparatives.

9.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future commitments under operating leases which totalled £NIL (2023: £897).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss F J Derrick.

The ultimate parent undertaking to be Hopscotch Day Nurseries Group Ltd.

The registered office of Hopscotch Day Nurseries Group Ltd is:

9 Fielder Drive

Fareham

Hampshire

PO14 1JE