REGISTERED NUMBER: 06117419 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NETSTAR 9 CHILDCARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S M Birchall

REGISTERED OFFICE:

2A Manor House Lane

Preston

Lancashire

PR1 6HL

REGISTERED NUMBER:

06117419 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

36,250

51,250

Tangible assets

5

798,113

802,609

834,363

853,859

CURRENT ASSETS

Debtors

6

1,858

2,458

Cash at bank and in hand

284,463

170,136

286,321

172,594

CREDITORS

Amounts falling due within one year

7

148,476

69,023

NET CURRENT ASSETS

137,845

103,571

TOTAL ASSETS LESS CURRENT LIABILITIES

972,208

957,430

CREDITORS

Amounts falling due after more than one year

8

(507,789

)

(565,216

)

PROVISIONS FOR LIABILITIES

(27,052

)

(27,594

)

NET ASSETS

437,367

364,620

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

106,151

106,151

Retained earnings

331,116

258,369

SHAREHOLDERS' FUNDS

437,367

364,620

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 director acknowledges his 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 director and authorised for issue on 29 August 2025 and were signed by:

S M Birchall - Director

1.	STATUTORY INFORMATION

Netstar 9 Childcare 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 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty 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

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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

Freehold property

- not provided

Fixtures and fittings

- 25% on cost

Freehold property held by the company is not subject to depreciation. This is a departure from the Companies Act 2006, stating that all tangible fixed assets should be depreciated over the useful economic life of the asset. Any depreciation charge on the asset would not, in the opinion of the directors, be material since the property is maintained to a high standard.

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

Going concern

The director believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the Going Concern basis of accounting in preparing the annual financial statements has been adopted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

300,000

AMORTISATION

At 1 January 2024

248,750

Charge for year

15,000

At 31 December 2024

263,750

NET BOOK VALUE

At 31 December 2024

36,250

At 31 December 2023

51,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

789,120

56,671

845,791

DEPRECIATION

At 1 January 2024

-

43,182

43,182

Charge for year

-

4,496

4,496

At 31 December 2024

-

47,678

47,678

NET BOOK VALUE

At 31 December 2024

789,120

8,993

798,113

At 31 December 2023

789,120

13,489

802,609

It is the company's practice to maintain its freehold properties in a continual state of sound repair and to make improvements thereto from time to time, and accordingly, the directors consider that, given the long life of these assets and their high residual values, based on prices prevailing at the time of revaluation, depreciation is insignificant. It is the company's policy to make provision as appropriate in the profit and loss account in respect of any permanent diminution in any property value.

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2010

106,151

-

106,151

Cost

682,969

56,671

739,640

789,120

56,671

845,791

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31/12/24

31/12/23

£

£

Cost

682,969

682,969

Freehold land and buildings were valued on an open market basis on 31 December 2010 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Prepayments

1,858

2,458

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

9,856

2,538

Tax

34,547

6,262

Social security and other taxes

2,632

1,830

Other creditors

15,119

13,659

Accrued expenses

86,322

44,734

148,476

69,023

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Other creditors

507,789

565,216

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

106,151

10.	RELATED PARTY DISCLOSURES

S M Birchall, director of the company, is also a director of NS9 Childcare Limited, a company registered in England and Wales. During the year a management charge of £10,000 (2023: £10,000) was invoiced from NS9 Childcare Limited. Included within other creditors at 31 December 2024, was a balance due of £507,789 (2023: £565,216). No interest was charged on the loan.