REGISTERED NUMBER: 10941399 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

New Cross Day Nursery Limited

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Statement of Financial Position

5

Notes to the Financial Statements

7

DIRECTOR:

J Vuka

REGISTERED OFFICE:

296 Queens Road

New Cross

London

SE14 5JN

REGISTERED NUMBER:

10941399 (England and Wales)

ACCOUNTANTS:

PB Partners LLP

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of provision of a registered nursery facility.

DIRECTOR

J Vuka held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J Vuka - Director

30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of New Cross Day Nursery Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of New Cross Day Nursery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Cross Day Nursery Limited and state those matters that we have agreed to state to the director of New Cross Day Nursery Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Cross Day Nursery Limited and its director for our work or for this report.

It is your duty to ensure that New Cross Day Nursery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of New Cross Day Nursery Limited. You consider that New Cross Day Nursery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of New Cross Day Nursery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PB Partners LLP

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

30 September 2025

TURNOVER

1,423,517

1,253,485

Cost of sales

941,753

864,091

GROSS PROFIT

481,764

389,394

Administrative expenses

193,820

161,755

287,944

227,639

Other operating income

16,509

9,925

OPERATING PROFIT

4

304,453

237,564

Interest payable and similar expenses

5

5,693

5,707

PROFIT BEFORE TAXATION

298,760

231,857

Tax on profit

80,560

57,194

PROFIT FOR THE FINANCIAL YEAR

218,200

174,663

FIXED ASSETS

Intangible assets

6

-

-

Tangible assets

7

88,461

81,941

88,461

81,941

CURRENT ASSETS

Debtors

8

253,683

409,420

Cash at bank

222,631

63,815

476,314

473,235

CREDITORS

Amounts falling due within one year

9

207,133

142,473

NET CURRENT ASSETS

269,181

330,762

TOTAL ASSETS LESS CURRENT LIABILITIES

357,642

412,703

CREDITORS

Amounts falling due after more than one year

10

(30,208

)

(44,708

)

PROVISIONS FOR LIABILITIES

(16,807

)

(15,568

)

NET ASSETS

310,627

352,427

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

310,626

352,426

310,627

352,427

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

J Vuka - Director

1.	STATUTORY INFORMATION

New Cross Day Nursery 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Licences are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets

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

Improvements to property

-

over the period of the lease

Fixtures and fittings

-

15% per annum on reducing balance

Computer equipment

-

25% per annum on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 37 (2023 - 32 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

11,264

10,054

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Bank loan interest

5,693

5,707

6.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

31,800

AMORTISATION

At 1 January 2024

and 31 December 2024

31,800

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

7.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

117,655

20,352

5,604

143,611

Additions

17,784

-

-

17,784

At 31 December 2024

135,439

20,352

5,604

161,395

DEPRECIATION

At 1 January 2024

47,062

12,038

2,570

61,670

Charge for year

9,029

1,247

988

11,264

At 31 December 2024

56,091

13,285

3,558

72,934

NET BOOK VALUE

At 31 December 2024

79,348

7,067

2,046

88,461

At 31 December 2023

70,593

8,314

3,034

81,941

8.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Amounts owed by participating interests

232,683

388,420

Amounts falling due after more than one year:

Other debtors

21,000

21,000

Aggregate amounts

253,683

409,420

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

14,500

14,500

Trade creditors

1,396

1,377

Amounts owed to participating interests

10,000

1,254

Corporation tax

79,321

58,670

Social security and other taxes

-

11,052

Other creditors

2,386

1,792

Accruals and deferred income

99,530

53,828

207,133

142,473

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

30,208

44,708

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

44,708

59,208

HSBC Bank plc has a fixed and floating charge over all assets held within the company dated 15 January 2018.

The director has also provided personal guarantees on the HSBC bank loan of £145,000 and in respect of the lease on the premises.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Vuka.