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Registered Number:06372191 ORMISTON FAMILIES ENTERPRISES LIMITED FINANCIAL STATEMENTS PAGES FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 20 MAY 2025
ORMISTON FAMILIES ENTERPRISES LIMITED REGISTERED NUMBER:06372191
BALANCE SHEET AS AT 20 MAY 2025
|  | 20 May |  | 31 March
|  | 2025 |  | 2024
Note |  | £ |  | £
Investments | 6 |  | - |  | -
|  |  | - |  | -
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | - |  | 427 |
Cash at bank and in hand | 8 | - |  | 29,309 |
|  | - |  | 29,736 |
Creditors: amounts falling due within one year | 9 | (173,235) |  | (204,202) |
Net current liabilities |  |  | (173,235) |  | (174,466)
Total assets less current liabilities |  |  | (173,235) |  | (174,466)
Net liabilities |  |  | (173,235) |  | (174,466)
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 110,001 |  | 110,001
Profit and loss account |  |  | (283,236) |  | (284,467)
|  |  | (173,235) |  | (174,466)
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 September 2025.
Stephen West
Director
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ORMISTON FAMILIES ENTERPRISES LIMITED REGISTERED NUMBER:06372191
BALANCE SHEET (CONTINUED) AS AT 20 MAY 2025 The notes on pages 3 to 10 form part of these financial statements. - 2 -
ORMISTON FAMILIES ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 MAY 2025
1. | General information
Ormiston Families Enterprises Limited is a private company limited by shares and incoporated in England, United Kingdom. The registered office address is 333 Felixstowe Road, Ipswich, IP3 9BU. The accounts are presented in Pounds Sterling which is the functional currency of the company. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
During the year ended 31 March 2024, the Board of Trustees of the parent charity, Ormiston Families, approved the restructure of activities, following an external review of the group activities. During the period ended 20 May 2025 the activities, assets and liabilities of Ormiston Families Enterprises Limited, including the Ipswich nursery were hived up into the charity with only management charges being incurred in a nominee capacity until the Ofsted registration was transferred. This was completed on 20 May 2025 and Ormiston Families Enterprises Limited will become dormant and is expected to be struck off in due course. Accordingly, the financial statements are prepared on a basis other than as a going concern. No adjustments are required as a result of ceasing to apply the going concern basis. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date. - 3 -
ORMISTON FAMILIES ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 MAY 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Turnover is recognised by the company in the period in which the nursery care is provided.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. - 4 -
ORMISTON FAMILIES ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 MAY 2025 2.Accounting policies (continued)
| 2.7 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initital recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and Loss Account over its useful economic life. The intangible useful life of each nursery is deemed to be the life of the property leases. All goodwill was written off in the year ended 31 March 2023.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated 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 so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Computer equipment | - | 50% | straight line
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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amounts and are recognised in profit or loss.
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to known amounts of cash with insignificant risk of change in value. - 5 -
ORMISTON FAMILIES ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 MAY 2025 2.Accounting policies (continued)
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the period was 0 (2024 - 27).
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 April 2024 | 119,378
| Disposals | (119,378)
| At 20 May 2025 | -
| Amortisation |
| At 1 April 2024 | 119,378
| On disposals | (119,378)
| At 20 May 2025 | -
| Net book value |
| At 20 May 2025 | -
| At 31 March 2024 | -
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ORMISTON FAMILIES ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 MAY 2025
5. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost |
| At 1 April 2024 | 2,388
| Disposals | (2,388)
| At 20 May 2025 | -
| Depreciation |
| At 1 April 2024 | 2,388
| Disposals | (2,388)
| At 20 May 2025 | -
| Net book value |
| At 20 May 2025 | -
| At 31 March 2024 | -
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ORMISTON FAMILIES ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 MAY 2025
6. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 April 2024 | 114,310
| Disposals | (114,310)
| At 20 May 2025 | -
| Impairment |
| At 1 April 2024 | 114,310
| Impairment on disposals | (114,310)
| At 20 May 2025 | -
| Net book value |
| At 20 May 2025 | -
| At 31 March 2024 | -
| This related to the investment of Blois Meadow Day Nursery Limited. The nursery closed on 31 December 2022 and the investment was fully impaired in the year ended 31 March 2023. The company was dissolved on 25 June 2024.
7. | Debtors
|  |  |  |  | 20 May | 31 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 1
| Prepayments and accrued income | - | 426
|  | - | 427
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ORMISTON FAMILIES ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 MAY 2025
8. | Cash and cash equivalents
|  |  |  |  | 20 May | 31 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | - | 29,309
|  | - | 29,309
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 20 May | 31 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 173,235 | 154,837
| Other creditors | - | 9,864
| Accruals and deferred income | - | 39,501
|  | 173,235 | 204,202
| The amount owed to group undertakings is interest free and repayable on demand.
10. | Share capital
|  |  |  |  | 20 May | 31 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 110,001 (2024 - 110,001) Ordinary shares of £1.00 each | 110,001 | 110,001
11. | Related party transactions
| The parent undertaking Ormiston Families provided an interest free loan to Ormiston Families Enterprises Limited. The balance outstanding at 20 May 2025 was £173,325 (2024: £154,837). During the year, Ormiston Families Enterprises Limited paid £Nil (2024 - £609) to a Director in respect of business support. There have been no other related party transactions in the current or prior financial year which require disclosure as the company is a wholly owned subsidiary and all transactions have been carried out at market rates.
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ORMISTON FAMILIES ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 20 MAY 2025
12. | Controlling party
The immediate and ultimate parent undertaking and controlling party is Ormiston Families, a registered charity incorporated in England. Consolidated group accounts of Ormiston Families are available from the registered office address at 333 Felixstowe Road, Ipswich, IP3 9BU.
13. | Auditor's information
The auditor's report on the financial statements for the period ended 20 May 2025 was unqualified. The audit report was signed on 15 September 2025 by John Perry (Senior Statutory Auditor) on behalf of Sumer Auditco Limited.
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