Company registration number 04729278 (England and Wales)
JACK & JILL DAY NURSERY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
JACK & JILL DAY NURSERY LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
JACK & JILL DAY NURSERY LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
322,957
341,602
Current assets
Stocks
2,300
2,150
Debtors
6
10,531
5,456
Cash at bank and in hand
76,034
66,313
88,865
73,919
Creditors: amounts falling due within one year
7
(75,201)
(86,295)
Net current assets/(liabilities)
13,664
(12,376)
Total assets less current liabilities
336,621
329,226
Creditors: amounts falling due after more than one year
8
(3,333)
(24,547)
Provisions for liabilities
(1,529)
-
0
Net assets
331,759
304,679
Capital and reserves
Called up share capital
11
300
300
Profit and loss reserves
331,459
304,379
Total equity
331,759
304,679

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

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

JACK & JILL DAY NURSERY LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 October 2025 and are signed on its behalf by:
Mrs Joy Muhammad
Director
Company Registration No. 04729278
JACK & JILL DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Jack & Jill Day Nursery Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 71 Pebble Hill, Radley, Abingdon, OX14 2JX.

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 as applicable to companies subject to the small companies regime. 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 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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
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 land and buildings
2% Straight Line
Plant and equipment
33% Reducing Balance
Fixtures and fittings
20% Reducing Balance
Motor vehicles
20% Reducing Balance

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.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in, first out (FIFO) method.

1.5
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.

JACK & JILL DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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.

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.

1.7
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.

1.8
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.

JACK & JILL DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Retirement benefits

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

3
Employees

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

2025
2024
Number
Number
Total
27
26
4
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
8,096
6,798
Adjustments in respect of prior periods
-
0
(4)
Total current tax
8,096
6,794
JACK & JILL DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Taxation
2025
2024
£
£
(Continued)
- 6 -
Deferred tax
Origination and reversal of timing differences
1,529
-
0
Total tax charge
9,625
6,794

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
37,705
27,953
Expected tax charge based on the standard rate of corporation tax in the UK of 19.00% (2024: 19.00%)
7,164
5,311
Tax effect of expenses that are not deductible in determining taxable profit
274
43
Adjustments in respect of prior years
-
0
(5)
Depreciation on assets not qualifying for tax allowances
1,870
2,331
Deferred tax
1,529
-
0
Net capital allowances
(1,212)
(886)
Taxation charge for the year
9,625
6,794
JACK & JILL DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
381,861
56,958
38,413
23,142
500,374
Additions
-
0
-
0
5,827
-
0
5,827
Disposals
-
0
-
0
-
0
(23,142)
(23,142)
At 31 March 2025
381,861
56,958
44,240
-
0
483,059
Depreciation and impairment
At 1 April 2024
61,821
54,941
33,679
8,331
158,773
Depreciation charged in the year
7,637
666
1,357
-
0
9,660
Eliminated in respect of disposals
-
0
-
0
-
0
(8,331)
(8,331)
At 31 March 2025
69,459
55,607
35,036
-
0
160,102
Carrying amount
At 31 March 2025
312,402
1,351
9,204
-
0
322,957
At 31 March 2024
320,040
2,017
4,734
14,811
341,602
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,089
1,036
Other debtors
7,442
4,420
10,531
5,456
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
14,461
13,140
Trade creditors
1,832
1,637
Corporation tax
8,096
7,140
Other taxation and social security
8,789
5,699
Other creditors
42,023
58,679
75,201
86,295
JACK & JILL DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,333
12,963
Other creditors
-
0
11,584
3,333
24,547

The company has 2 outstanding charges at Companies House. The charges are as follows:

- Created on 20 September 2013 to Santander UK PLC for F/H property k/a youth centre moor road rushden t/no NN310609. Contains fixed charge.

- Created on 20 September 2013 to Santander UK PLC for Notification of addition to or amendment of charge. Contains fixed charge. Contains floating charge. Floating charge covers all the property or undertaking of the company.

9
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
1,529
-
2025
Movements in the year:
£
Liability at 1 April 2024
-
Charge to profit or loss
1,529
Liability at 31 March 2025
1,529

The deferred tax liability set out above is expected to reverse by £348 within 12 months.

10
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
9,266
8,715

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

At the balance sheet date, unpaid contributions of £2,198 (2024: £2,060) were due to the fund.

JACK & JILL DAY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
300
300
300
300
12
Related party transactions
2025
2024
Amounts due to related parties
£
£
Pete Vickers
-
4,836
Mrs Joy Muhammad
21,333
22,700
Mrs Lisa Francis
15,057
14,557

Peter Vickers is the ex-husband of Joy Muhammad and is owed £0 (2024 - £4,836) as at 31 March 2025. The loan has been repaid, carries no interest charges and no security has been provided.

At the balance sheet date the amounts due to the directors Joy Muhammad and Lisa Francis are repayable on demand, interest-free and no security has been provided by the company.

13
Directors' transactions

Dividends totalling £1,000 (2024 - £1,500) were paid in the year in respect of shares held by the company's directors.

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