REGISTERED NUMBER: 07886335 (England and Wales)

NICOLL ROAD NURSERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Intangible assets

4

-

(17,926

)

Tangible assets

5

477,347

451,119

477,347

433,193

CURRENT ASSETS

Debtors

6

870,126

816,996

Cash at bank and in hand

96,823

106,404

966,949

923,400

CREDITORS

Amounts falling due within one year

7

(280,846

)

(231,717

)

NET CURRENT ASSETS

686,103

691,683

TOTAL ASSETS LESS CURRENT LIABILITIES

1,163,450

1,124,876

CREDITORS

Amounts falling due after more than one year

8

(44,630

)

(57,336

)

PROVISIONS FOR LIABILITIES

(20,226

)

(16,091

)

NET ASSETS

1,098,594

1,051,449

CAPITAL AND RESERVES

Called up share capital

9

3

3

Retained earnings

10

1,098,591

1,051,446

SHAREHOLDERS' FUNDS

1,098,594

1,051,449

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 24 September 2025 and were signed on its behalf by:

Dr K Ratnasingham - Director

1.	STATUTORY INFORMATION

Nicoll Road Nursery Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07886335 and registered office address is Unit 3, Ilex House, 94 Holly Road, Twickenham, England, TW1 4HF

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods and services are recognised when goods and services are delivered, and legal title has passed.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

Over 15 years

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Tangible fixed assets held for the company's own use are stated at the cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Leasing

Rental payable under operating leases are charged against income on straight line basis over

the lease term.

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 55 (2023 - 50 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

700,000

AMORTISATION

At 1 January 2024

717,926

Charge for year

(17,926

)

At 31 December 2024

700,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

(17,926

)

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

542,677

248,486

791,163

Additions

48,812

36,846

85,658

At 31 December 2024

591,489

285,332

876,821

DEPRECIATION

At 1 January 2024

159,099

180,945

340,044

Charge for year

38,552

20,878

59,430

At 31 December 2024

197,651

201,823

399,474

NET BOOK VALUE

At 31 December 2024

393,838

83,509

477,347

At 31 December 2023

383,578

67,541

451,119

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

12,150

21,513

Other debtors

857,976

795,483

870,126

816,996

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

44,485

34,170

Taxation and social security

82,266

94,260

Other creditors

154,095

103,287

280,846

231,717

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

44,630

57,336

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

3

Ordinary

£1

3

3

10.

RESERVES

Retained

earnings

£

At 1 January 2024

1,051,446

Profit for the year

47,145

At 31 December 2024

1,098,591

11.	CAPITAL COMMITMENTS

2024

2023

£

£

Contracted but not provided for in the

financial statements

1,090,222

1,188,000

Capital commitment related to three leases.

Lease 1 : £453,250 ( 2023 - £518,000)

Lease 2 : £231,972 (2023- £220,000)

Lease 3 : £405,000 (2023- £450,000)

12.	SECURED CREDITORS

The loan is secured by a fixed and floating charge over the assets of the company.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Dr K Ratnasingham and Dr M Sivanandan

Balance outstanding at start of year

185,112

180,397

Amounts advanced

34,003

63,962

Amounts repaid

(12,905

)

(59,247

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

206,210

185,112