REGISTERED NUMBER: SC114653 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

ACORN PARK NURSERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Ms V McDonald

Mrs M McDonald

SECRETARY:

Mr A S McDonald

REGISTERED OFFICE:

Beresford House, 6 Claremont Terrace,

Glasgow

G3 7XR

REGISTERED NUMBER:

SC114653 (Scotland)

ACCOUNTANTS:

McAllisters

Paxton House

11 Woodside Crescent

Charing Cross

Glasgow

G3 7UL

FIXED ASSETS

Tangible assets

4

272,436

274,098

CURRENT ASSETS

Debtors

5

22,726

28,311

Cash at bank and in hand

312,658

410,584

335,384

438,895

CREDITORS

Amounts falling due within one year

6

98,502

126,399

NET CURRENT ASSETS

236,882

312,496

TOTAL ASSETS LESS CURRENT LIABILITIES

509,318

586,594

CREDITORS

Amounts falling due after more than one year

7

(9,125

)

(19,125

)

PROVISIONS FOR LIABILITIES

(4,778

)

(3,909

)

NET ASSETS

495,415

563,560

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

495,315

563,460

SHAREHOLDERS' FUNDS

495,415

563,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Ms V McDonald - Director

1.	STATUTORY INFORMATION

Acorn Park Nursery Limited is a private company, limited by shares , registered in Scotland. 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.

Significant judgements and estimates

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates or judgements used in the preparation of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received of receivable, net of discount and value added taxes. Turnover includes revenue earned from the rendering of childcare services.

Turnover from the rendering of services is recognised by reference to the obligation of the service. The stage of obligation is measured once the childcare services have been mandated. This is usually at the point that the customer has paid for the services.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged to profit or loss over the estimated useful economic lives, as follows:

Plant & Machinery - 25% reducing balance basis.

Fixtures & Fittings - 25% reducing balance basis.

Computer equipment - 25% reducing balance basis.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use.

Any impairment loss is recognised immediately as an expense within profit or loss

Financial instruments

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents comprise cash balances and call deposits

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 55 (2023 - 54 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 December 2023

253,525

16,314

112,795

-

382,634

Additions

-

276

3,963

403

4,642

At 30 November 2024

253,525

16,590

116,758

403

387,276

DEPRECIATION

At 1 December 2023

-

16,314

92,222

-

108,536

Charge for year

-

69

6,134

101

6,304

At 30 November 2024

-

16,383

98,356

101

114,840

NET BOOK VALUE

At 30 November 2024

253,525

207

18,402

302

272,436

At 30 November 2023

253,525

-

20,573

-

274,098

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

5,321

16,311

Prepayments and accrued income

17,405

12,000

22,726

28,311

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts (see note 8)

10,000

10,000

Trade creditors

-

15,149

Tax

49,810

66,494

Social security and other taxes

14,698

16,515

Other creditors

6,914

6,002

Directors' current accounts

1,227

64

Accrued expenses

15,853

12,175

98,502

126,399

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans (see note 8)

9,125

19,125

8.

LOANS

An analysis of the maturity of loans is given below:

30.11.24

30.11.23

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,125

19,125

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.11.24

30.11.23

£

£

Within one year

172,800

172,800

Between one and five years

691,200

691,200

In more than five years

2,073,600

2,246,400

2,937,600

3,110,400

10.

RESERVES

Retained

earnings

£

At 1 December 2023

563,460

Profit for the year

148,855

Dividends

(217,000

)

At 30 November 2024

495,315

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24

30.11.23

£

£

Ms V McDonald

Balance outstanding at start of year

(64

)

-

Amounts advanced

62,952

-

Amounts repaid

(63,000

)

(64

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(112

)

(64

)

Mrs M McDonald

Balance outstanding at start of year

-

-

Amounts advanced

152,884

-

Amounts repaid

(154,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,116

)

-

Interest of 2.25% was charged on any overdrawn balances over £10k throughout the year. This loan has no fixed date for repayment.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £173,000 were proposed and payable to the directors.

Directors remuneration including pensions amounted to £141,114.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acorn Park Nursery Limited for the year ended 30 November 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Acorn Park Nursery Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acorn Park Nursery Limited and state those matters that we have agreed to state to the Board of Directors of Acorn Park Nursery Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acorn Park 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 Acorn Park Nursery Limited. You consider that Acorn Park 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 Acorn Park 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.

McAllisters

Paxton House

11 Woodside Crescent

Charing Cross

Glasgow

G3 7UL

26 September 2025