Circle of Friends Day Nursery Limited Liability Partnership Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC310328

Circle of Friends Day Nursery Limited Liability Partnership

Filleted Unaudited Financial Statements

5 April 2025

Circle of Friends Day Nursery Limited Liability Partnership

Statement of Financial Position

5 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		67,767	79,879

Current assets

Debtors	6	1,759	–
Cash at bank and in hand		218,993	150,119
		--------	--------
		220,752	150,119

Prepayments and accrued income	3,948		4,119

Creditors: amounts falling due within one year	7	143,143		98,387
		--------		--------
Net current assets			81,557	55,851
			--------	--------
Total assets less current liabilities			149,324	135,730

Creditors: amounts falling due after more than one year	8		37,606	46,282

Accruals and deferred income	3,216	4,151
	--------	--------
Net assets	108,502	85,297
	--------	--------

Represented by:

Loans and other debts due to members

Other amounts	9	108,502	85,297
		--------	-------

Members' other interests

Other reserves	–	–
	--------	-------
	108,502	85,297
	--------	-------

Total members' interests

Loans and other debts due to members	9	108,502	85,297
Members' other interests		–	–
		--------	-------
		108,502	85,297
		--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' 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 (as applied to LLPs), the statement of comprehensive income has not been delivered.

For the year ending 5 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

Circle of Friends Day Nursery Limited Liability Partnership

Statement of Financial Position (continued)

5 April 2025

These financial statements were approved by the members and authorised for issue on 16 September 2025 , and are signed on their behalf by:

F.E. McCranor

Designated Member

Registered number: OC310328

Circle of Friends Day Nursery Limited Liability Partnership

Notes to the Financial Statements

Year ended 5 April 2025

1.	General information

The LLP is registered and trading in England and Wales with company number OC310328 . The address of the registered office is Lady Lane, Coventry, CV6 6AZ.

2.	Statement of compliance

The 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 United Kingdom and Republic of Ireland' ('FRS 102') and Companies Act 2006.

3.	Accounting policies

Basis of preparation

The financial statements have been prepare on 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 LLP and rounded to the nearest £.

Judgements and key sources of estimation uncertainty

In preparing these financial statements the members have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

Revenue recognition

Turnover, which is attributable to one continuing activity, represents amounts invoiced, excluding value added tax, in respect of the sale of goods and services.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Leasehold Property	-	4% straight line
Plant & Machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The LLP only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and other debtors. These are initially recorded at cost on the date they originate, the LLP considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as social security and other taxes, accruals and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the LLP considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and 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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 23 (2024: 21 ).

5.	Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 6 April 2024	44,646	53,315	87,969	185,930
Additions	–	3,904	–	3,904
	-------	-------	-------	--------
At 5 April 2025	44,646	57,219	87,969	189,834
	-------	-------	-------	--------
Depreciation
At 6 April 2024	26,633	38,870	40,548	106,051
Charge for the year	1,786	2,375	11,855	16,016
	-------	-------	-------	--------
At 5 April 2025	28,419	41,245	52,403	122,067
	-------	-------	-------	--------
Carrying amount
At 5 April 2025	16,227	15,974	35,566	67,767
	-------	-------	-------	--------
At 5 April 2024	18,013	14,445	47,421	79,879
	-------	-------	-------	--------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 5 April 2025	35,566
	-------
At 5 April 2024	47,421
	-------

6.	Debtors

	2025	2024
	£	£
Other debtors	1,759	–
	------	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	143,143	98,387
	--------	-------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	37,606	46,282
	-------	-------

9.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	108,502	85,297
	--------	-------

10.	Related party transactions

The LLP was under the control of E. L. Rainsley and F. E. McCranor during the current and previous period.