REGISTERED NUMBER: 11447593 (England and Wales)

HOPSCOTCH DAY NURSERIES GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss F J Derrick

I Thornley

S M Derrick

SECRETARY:

I Thornley

REGISTERED OFFICE:

9 Fielder Drive

Fareham

Hampshire

PO14 1JE

REGISTERED NUMBER:

11447593 (England and Wales)

ACCOUNTANTS:

Hopper Williams & Bell Limited

Chartered Accountants

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

BANKERS:

Santander UK plc

2 Triton Square

Regent's Place

London

NW1 3AN

FIXED ASSETS

Intangible assets

4

6,665

14,663

Tangible assets

5

134,227

152,711

Investments

6

1,067

967

141,959

168,341

CURRENT ASSETS

Debtors

7

3,165,212

2,609,463

Cash at bank and in hand

190

116

3,165,402

2,609,579

CREDITORS

Amounts falling due within one year

8

(860,384

)

(952,416

)

NET CURRENT ASSETS

2,305,018

1,657,163

TOTAL ASSETS LESS CURRENT LIABILITIES

2,446,977

1,825,504

CREDITORS

Amounts falling due after more than one year

9

(2,026,994

)

(1,909,995

)

PROVISIONS FOR LIABILITIES

(151,501

)

-

NET ASSETS/(LIABILITIES)

268,482

(84,491

)

CAPITAL AND RESERVES

Called up share capital

110

110

Share premium

199,990

199,990

Retained earnings

68,382

(284,591

)

268,482

(84,491

)

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

Miss F J Derrick - Director

1.	STATUTORY INFORMATION

Hopscotch Day Nurseries Group 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

The company has no revenues. It provides corporate services to its wholly owned subsidiaries including senior management, finance and accounting, sales and marketing, HR and recruitment, IT and other services of a head office nature. The cost of these services is funded by dividends paid out of the distributable reserves of its wholly owned subsidiaries.

The shareholders have confirmed their willingness to provide financial support to the company if it may be required. In turn, the company has confirmed its willingness to provide financial support to its wholly owned subsidiaries 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Nursery equipment

-

25% Reducing balance

Fixtures and fittings

-

25% Reducing balance

Motor vehicles

-

Straight line over 4 years and Straight line over 3 years to RV

Office equipment

-

Straight line over 4 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Equity settled share-based payment transactions

The company operates an equity-settled EMI share option scheme. The fair value of share entitlements

granted is recognised as staff costs in the profit and loss account with a corresponding increase in equity. Share options granted under the scheme are subject to the Company reaching a predetermined threshold, as well as non-market vesting conditions. These are not taken into account when estimating the fair value of entitlements as at the grant date. The expense is based on the fair value of the total number of entitlements expected to vest and is allocated to accounting periods on a straight line basis over the vesting period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

39,990

AMORTISATION

At 1 January 2024

25,327

Charge for year

7,998

At 31 December 2024

33,325

NET BOOK VALUE

At 31 December 2024

6,665

At 31 December 2023

14,663

5.	TANGIBLE FIXED ASSETS

Fixtures

Nursery

and

Motor

Office

equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

14,937

67,522

119,640

40,818

242,917

Additions

-

6,995

10,000

12,977

29,972

At 31 December 2024

14,937

74,517

129,640

53,795

272,889

DEPRECIATION

At 1 January 2024

7,156

24,063

37,717

21,270

90,206

Charge for year

1,987

12,065

22,965

11,439

48,456

At 31 December 2024

9,143

36,128

60,682

32,709

138,662

NET BOOK VALUE

At 31 December 2024

5,794

38,389

68,958

21,086

134,227

At 31 December 2023

7,781

43,459

81,923

19,548

152,711

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

967

Additions

100

At 31 December 2024

1,067

NET BOOK VALUE

At 31 December 2024

1,067

At 31 December 2023

967

Hopscotch Day Nurseries (Botley) Ltd - 137 ordinary A shares

Hopscotch Day Nurseries (Lee On Solent) Ltd - 130 ordinary A shares

Hopscotch Day Nurseries (Titchfield) Ltd - 100 ordinary A shares

Hopscotch Day Nurseries (Fareham) Ltd - 100 ordinary A shares

Hopscotch Day Nurseries (Gosport) Ltd - 70 ordinary A shares and 30 ordinary B shares

Hopscotch Day Nurseries (Eastleigh) Limited - 100 ordinary shares

Hopscotch Day Nurseries (Regents Park) Limited - 100 ordinary shares

Hopscotch Day Nurseries (Portswood) Limited - 100 ordinary shares

Hopscotch Day Nurseries (Sholing) Ltd - 100 ordinary shares

Hopscotch Day Nurseries (Hill Head) Limited - 100 ordinary shares

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

3,043,904

2,491,603

Other debtors

97,181

117,860

3,141,085

2,609,463

Amounts falling due after more than one year:

Other debtors

24,127

-

Aggregate amounts

3,165,212

2,609,463

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

137,158

379,774

Hire purchase contracts

30,373

51,504

Trade creditors

113,166

79,421

Amounts owed to group undertakings

186,556

179,854

Taxation and social security

65,153

95,391

Other creditors

327,978

166,472

860,384

952,416

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,732,751

1,573,129

Hire purchase contracts

42,540

73,182

Other creditors

251,703

263,684

2,026,994

1,909,995

10.	SECURED DEBTS

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

11.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future commitments under operating leases which totalled £64,594 (2023: £54,619).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £2,281 (2023: £12,304) were made to the company's directors. £14,281 (2023: £2,305) was repaid prior to the year-end. The balance outstanding at the year-end was £25,653 (2023: £37,653). No interest is payable and the advances are repayable on demand.