Company registration number 11612083 (England and Wales)
BRIGHT LITTLE STARS BARNET LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
BRIGHT LITTLE STARS BARNET LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 11
BRIGHT LITTLE STARS BARNET LIMITED
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
6
4,258,860
4,280,556
Current assets
Debtors
7
1,555,000
893,561
Cash at bank and in hand
148,490
100,302
1,703,490
993,863
Creditors: amounts falling due within one year
8
(1,891,693)
(1,743,092)
Net current liabilities
(188,203)
(749,229)
Total assets less current liabilities
4,070,657
3,531,327
Creditors: amounts falling due after more than one year
9
(2,773,503)
(2,711,785)
Provisions for liabilities
Deferred tax liability
11
105,805
110,541
(105,805)
(110,541)
Net assets
1,191,349
709,001
Capital and reserves
Called up share capital
12
20
20
Revaluation reserve
455,701
455,701
Profit and loss reserves
735,628
253,280
Total equity
1,191,349
709,001

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 September 2025 and are signed on its behalf by:
Mr P Varsani
Director
Company registration number 11612083 (England and Wales)
BRIGHT LITTLE STARS BARNET LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 July 2023
20
122,220
(249,174)
(126,934)
Year ended 30 June 2024:
Profit
-
-
460,438
460,438
Other comprehensive income:
Revaluation of tangible fixed assets
-
297,861
-
297,861
Tax relating to other comprehensive income
-
33,952
-
0
33,952
Total comprehensive income
-
331,813
460,438
792,251
Transfers
-
1,668
(1,668)
-
Other movements
-
-
43,684
43,684
Balance at 30 June 2024
20
455,701
253,280
709,001
Year ended 30 June 2025:
Profit and total comprehensive income
-
-
581,037
581,037
Dividends
-
-
(98,689)
(98,689)
Balance at 30 June 2025
20
455,701
735,628
1,191,349
BRIGHT LITTLE STARS BARNET LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Bright Little Stars Barnet Limited is a private company limited by shares incorporated in England and Wales. The registered office is 177 Leicester Road, Barnet, Hertfordshire, EN5 5EB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial performance of the company is set out in the report of the directors and in the statement of profit true or loss and the other comprehensive income. The financial position of the company is set out in the statement of financial position.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Income represents the value, net of value added tax and discounts, of the following streams:

- Government funding, which is recognised as income when the company becomes entitled to the fund.

- Contract services, including nursery fees and child care vouchers are recognised as income when the service is provided and invoice raised.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold buildings
not depreciated
Plant and equipment
10% Reducing Balance Method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

BRIGHT LITTLE STARS BARNET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BRIGHT LITTLE STARS BARNET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

BRIGHT LITTLE STARS BARNET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12

Comparatives

There were no changes in comparative figures during the year.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Useful lives of property, plant and equipment

Management reviews the useful lives, depreciation methods and residual values of the items of property, plant and equipment. During the financial year the directors determined no significant changes in the useful lives and residual values. The carrying amounts of property, plant and equipment are disclosed in note 9.

Valuation of properties

F reehold properties are carried at fair value based on valuations performed by external independent valuers or the directors. Fair value is ascertained through review of a number of factors and information flows, including market knowledge, recent market movements, recent sales of similar properties and historical experience. There is an inevitable degree of judgement involved and the value can only be reliably tested ultimately in the market itself.

Debtor recoverability

The directors review loans receivable on an annual basis. In determining whether receivables are impaired, the directors make judgement as to whether there is any evidence indicating that there is a measurable decrease in the estimate future cash flows expected.

3
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
5,059
4,920
BRIGHT LITTLE STARS BARNET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Nursery employees
39
46
5
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
117,001
90,722
Deferred tax
Origination and reversal of timing differences
(4,736)
(1,794)
Total tax charge
112,265
88,928

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
693,302
549,366
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
173,326
137,342
Tax effect of expenses that are not deductible in determining taxable profit
492
-
0
Group relief
(54,345)
(37,043)
Permanent capital allowances in excess of depreciation
(2,472)
(9,577)
Deferred tax
(4,736)
(1,794)
Taxation charge for the year
112,265
88,928

In addition to the amount charged to the profit and loss account, the following amounts relating to tax have been recognised directly in other comprehensive income:

2025
2024
£
£
Deferred tax arising on:
Revaluation of property
-
(33,952)
BRIGHT LITTLE STARS BARNET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
6
Tangible fixed assets
Freehold buildings
Plant and equipment
Total
£
£
£
Cost
At 1 July 2024
3,924,193
466,040
4,390,233
Additions
-
0
3,478
3,478
At 30 June 2025
3,924,193
469,518
4,393,711
Depreciation and impairment
At 1 July 2024
-
0
109,677
109,677
Depreciation charged in the year
-
0
25,174
25,174
At 30 June 2025
-
0
134,851
134,851
Carrying amount
At 30 June 2025
3,924,193
334,667
4,258,860
At 30 June 2024
3,924,193
356,363
4,280,556

During the financial year, the directors have evaluated that the residual value of the freehold land and building in the company equal s to the fair value of the property. The property ha s also been maintained at a high standard and it's market value continues to appreciate over the years. Therefore there is no depreciation charge for the current year.

The freehold property was valued at £3,924,193 by Gerald Eve LLP on 20 March 2024 on a fair value basis. In the opinion of the directors, the valuation at the balance sheet date represents the fair value.

7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,555,000
880,000
Other debtors
-
0
5,700
Prepayments and accrued income
-
0
7,861
1,555,000
893,561
BRIGHT LITTLE STARS BARNET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
8
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
10
223,587
82,494
Payments received on account
21,646
18,641
Amounts owed to group undertakings
1,412,997
1,412,998
Corporation tax
71,001
90,722
Other taxation and social security
18,150
12,938
Other creditors
127,949
110,514
Accruals and deferred income
16,363
14,785
1,891,693
1,743,092
9
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
10
2,686,922
2,637,222
Payments received on account
86,581
74,563
2,773,503
2,711,785

The loans are secured by a first charge over the freehold property, 177 Leicester Road, New Barnet, EN5 5EB and by the debenture including fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future.

10
Loans and overdrafts
2025
2024
£
£
Bank loans
2,910,509
2,719,716
Payable within one year
223,587
82,494
Payable after one year
2,686,922
2,637,222
BRIGHT LITTLE STARS BARNET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 10 -
11
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
110,541
144,493
Revaluations
-
(33,952)
Charge for the period
(4,736)
-
105,805
110,541
2025
Movements in the year:
£
Liability at 1 July 2024
110,541
Credit to profit or loss
(4,736)
Liability at 30 June 2025
105,805

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

12
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
16
16
16
16
A Ordinary Shares of £1 each
4
4
4
4
20
20
20
20
13
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

BRIGHT LITTLE STARS BARNET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
13
Audit report information
(Continued)
- 11 -
Senior Statutory Auditor:
Shilpa Chheda
Statutory Auditor:
KLSA LLP
Date of audit report:
30 September 2025
14
Related party transactions

The company has taken advantage of the exemption available in FRS 102 (s33 "Related Party Disclosure"), whereby it has not disclosed transactions with any wholly owned subsidiary undertaking of the group.

15
Ultimate controlling party

The parent company of Bright Little Stars Barnet Limited is Bright Little Stars Group Limited and the registered office is Kinetic Business Centre, Theobald Street, Elstree, Hertfordshire, WD6 4PJ.

In the opinion of the directors, there is no ultimate controlling party.

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