REGISTERED NUMBER: 04864383 (England and Wales)

THE WILLOWS NURSERY SCHOOL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S J Jones

REGISTERED OFFICE:

232 Hall Street

Warrington

Cheshire

WA1 2BW

REGISTERED NUMBER:

04864383 (England and Wales)

AUDITORS:

Murray Smith LLP

Chartered Accountants

Statutory Auditors

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

FIXED ASSETS

Tangible assets

4

1,502,316

1,251,158

CURRENT ASSETS

Debtors

5

13,656

23,667

Cash at bank and in hand

27,712

26,921

41,368

50,588

CREDITORS

Amounts falling due within one year

6

104,805

92,029

NET CURRENT LIABILITIES

(63,437

)

(41,441

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,438,879

1,209,717

CREDITORS

Amounts falling due after more than one year

7

(157,663

)

(192,053

)

PROVISIONS FOR LIABILITIES

(210,559

)

(144,931

)

NET ASSETS

1,070,657

872,733

CAPITAL AND RESERVES

Called up share capital

9

30,000

30,000

Revaluation reserve

898,177

689,677

Profit and loss account

142,480

153,056

SHAREHOLDERS' FUNDS

1,070,657

872,733

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 director and authorised for issue on 26 September 2025 and were signed by:

Mrs S J Jones - Director

1.	STATUTORY INFORMATION

The Willows Nursery School Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on cost

Freehold property is included at fair value at the date of the most recent valuation, less any subsequent accumulated depreciation. Gains are recognised in other comprehensive income and accumulated in the revaluation reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial assets and liabilities are initially recognised at the transaction price unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future payments discounted at a market rate of interest.

Such assets and liabilities are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

1,300,000

6,697

1,306,697

Additions

-

189

189

Revaluations

200,000

-

200,000

At 31 December 2024

1,500,000

6,886

1,506,886

DEPRECIATION

At 1 January 2024

52,000

3,539

55,539

Charge for year

26,000

1,031

27,031

Revaluation adjustments

(78,000

)

-

(78,000

)

At 31 December 2024

-

4,570

4,570

NET BOOK VALUE

At 31 December 2024

1,500,000

2,316

1,502,316

At 31 December 2023

1,248,000

3,158

1,251,158

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2016

163,066

-

163,066

Valuation in 2017

420,000

-

420,000

Valuation in 2021

190,000

-

190,000

Valuation in 2025

200,000

-

200,000

Cost

526,934

6,886

533,820

1,500,000

6,886

1,506,886

Freehold property was valued on an open market basis on 25 April 2025 by Morgans of Cheshire .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,652

12,583

Prepayments

10,004

11,084

13,656

23,667

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

33,111

31,832

Trade creditors

4,497

13,443

Amounts owed to group undertakings

23,628

6,132

Corporation tax

933

2,342

Social security and other taxes

6,140

6,543

Other creditors

442

442

Accruals and deferred income

36,054

31,295

104,805

92,029

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans due in 1 to 5 years

101,975

106,857

Bank loans due more than 5 yrs

55,688

85,196

157,663

192,053

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due more than 5 yrs

55,688

85,196

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

171,244

194,355

The bank holds a first legal charge over the property owned by the company, together with fixed and floating charges over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

30,000

Ordinary

£1

30,000

30,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Williams (Senior Statutory Auditor)

for and on behalf of Murray Smith LLP

11.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Helium Miracle 157 Limited. The registered office and principal place of business of the parent company is 232 Hall Street, Warrington, Cheshire, WA1 2BW.