Registration number: 03162423

Northumbrian Trust Day Nurseries Limited

(Registration number: 03162423)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	1,528,209	2,106,613
Current assets
Debtors	6	195,838	162,899
Cash at bank and in hand		160,086	18,348
		355,924	181,247
Creditors: Amounts falling due within one year	7	(399,550)	(294,774)
Net current liabilities		(43,626)	(113,527)
Total assets less current liabilities		1,484,583	1,993,086
Creditors: Amounts falling due after more than one year	7	(19,388)	(77,500)
Provisions for liabilities		(210,905)	(385,905)
Net assets		1,254,290	1,529,681
Capital and reserves
Called up share capital		30,000	30,000
Revaluation reserve		110,000	710,000
Retained earnings		1,114,290	789,681
Shareholders' funds		1,254,290	1,529,681

Northumbrian Trust Day Nurseries Limited

(Registration number: 03162423)
Statement of Financial Position as at 31 December 2024

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:
 

......................................... T Gould Director

......................................... Mr J J Gould Director

Northumbrian Trust Day Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Floor 4 Room 7
Arden House
Gosforth
NE3 3PF

These financial statements were authorised for issue by the Board on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Northumbrian Trust Day Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Northumbrian Trust Day Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 52 (2023 - 49).

Northumbrian Trust Day Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	162,499	3,878	166,377
Disposals	(38,499)	(3,878)	(42,377)
At 31 December 2024	124,000	-	124,000
Amortisation
At 1 January 2024	162,499	3,878	166,377
Amortisation eliminated on disposals	(38,499)	(3,878)	(42,377)
At 31 December 2024	124,000	-	124,000
Carrying amount
At 31 December 2024	-	-	-

Northumbrian Trust Day Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Land and buildings £	Long leasehold land and buildings £	Fixtures and fittings £	Office equipment £
Cost or valuation
At 1 January 2024	2,100,000	86,557	241,377	108,685
Revaluations	(600,000)	-	-	-
Additions	-	-	1,174	160
Disposals	-	(2,762)	(40,609)	(104,327)
At 31 December 2024	1,500,000	83,795	201,942	4,518
Depreciation
At 1 January 2024	-	86,370	240,313	107,764
Charge for the year	-	187	545	294
Eliminated on disposal	-	(2,762)	(40,609)	(104,327)
At 31 December 2024	-	83,795	200,249	3,731
Carrying amount
At 31 December 2024	1,500,000	-	1,693	787
At 31 December 2023	2,100,000	187	1,064	921

Northumbrian Trust Day Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	50,490	2,587,109
Revaluations	-	(600,000)
Additions	29,394	30,728
Disposals	(14,531)	(162,229)
At 31 December 2024	65,353	1,855,608
Depreciation
At 1 January 2024	46,049	480,496
Charge for the year	7,761	8,787
Eliminated on disposal	(14,186)	(161,884)
At 31 December 2024	39,624	327,399
Carrying amount
At 31 December 2024	25,729	1,528,209
At 31 December 2023	4,441	2,106,613

Included within the net book value of land and buildings above is £1,500,000 (2023 - £2,100,000) in respect of freehold land and buildings and £Nil (2023 - £187) in respect of long leasehold land and buildings.
 

6

Debtors

Current	2024 £	2023 £
Prepayments	18,628	2,807
Other debtors	177,210	160,092
	195,838	162,899

Northumbrian Trust Day Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	77,131	72,500
Trade creditors		16,888	4,574
Taxation and social security		100,753	44,915
Accruals and deferred income		91,690	61,006
Other creditors		113,088	111,779
		399,550	294,774

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	19,388	77,500

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	(600,000)	(600,000)

Northumbrian Trust Day Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	19,388	77,500

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	77,131	72,500

10	Related party transactions

Northumbrian Trust Day Nurseries Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Compensation for loss of office	626	200