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Registration number: 14685056

Little Pearls Nursery Limited
Unaudited Filleted Financial Statements
for the Period from 29 February 2024 to 28 February 2025

Little Pearls Nursery Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Little Pearls Nursery Limited

Company Information

Director | Lydia Natasha Wright

Company secretary | John Bickham

Registered office | Discovery House Pynes Hill, Rydon Lane Exeter Devon EX2 5AZ

Accountants | Thompson Jenner LLP Chartered Accountant 28 Alexandra Terrace Exmouth Devon EX8 1BD

Little Pearls Nursery Limited

(Registration number: 14685056)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 28,545 | 31,332
Current assets |  |  |
Debtors | 5 | 24,670 | 11,844
Cash at bank and in hand |  | 143,777 | 135,126
|  | 168,447 | 146,970
Creditors: Amounts falling due within one year | 6 | (27,941) | (46,202)
Net current assets |  | 140,506 | 100,768
Total assets less current liabilities |  | 169,051 | 132,100
Provisions for liabilities |  | (7,136) | (5,953)
Net assets |  | 161,915 | 126,147
Capital and reserves |  |  |
Retained earnings |  | 161,915 | 126,147
Shareholders' funds |  | 161,915 | 126,147

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Little Pearls Nursery Limited

(Registration number: 14685056)
Balance Sheet as at 28 February 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2025

......................................... Lydia Natasha Wright Director

Little Pearls Nursery Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Discovery House
Pynes Hill, Rydon Lane
Exeter
Devon
EX2 5AZ

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Little Pearls Nursery Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% Straight line method
Leasehold improvements | 10% Straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Little Pearls Nursery Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 30 (2024 - 28).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 29 February 2024 | 9,963 | 27,956 | 37,919
Additions | - | 4,750 | 4,750
At 28 February 2025 | 9,963 | 32,706 | 42,669
Depreciation
At 29 February 2024 | 996 | 5,591 | 6,587
Charge for the period | 996 | 6,541 | 7,537
At 28 February 2025 | 1,992 | 12,132 | 14,124
Carrying amount
At 28 February 2025 | 7,971 | 20,574 | 28,545
At 28 February 2024 | 8,967 | 22,365 | 31,332

Included within the net book value of land and buildings above is £7,971 (2024 - £8,967) in respect of short leasehold land and buildings.

Little Pearls Nursery Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 24,136 | 11,844
Other debtors | 534 | -
Total current trade and other debtors | 24,670 | 11,844

6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 23,578 | 13,951
Other creditors | 1,863 | 1,748
Accrued expenses | 2,500 | 30,503
| 27,941 | 46,202

7 | Related party transactions

Transactions with the director

2025 | At 29 February 2024 £ | Advances to director £ | At 28 February 2025 £
Interest free loan | - | 534 | 534