REGISTERED NUMBER: 04655822 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FIRST STEPS (LONDON) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Mehta

Mrs H Lukha

Mr A Mehta

REGISTERED OFFICE:

Georgian House

Park Lane

Stanmore

HA7 3HD

REGISTERED NUMBER:

04655822 (England and Wales)

ACCOUNTANTS:

Innovi Advisors Ltd

Chartered Certified Accountants

163 Herne Hill

London

SE24 9LR

FIXED ASSETS

Tangible assets

4

1,824,654

1,804,656

CURRENT ASSETS

Debtors

5

519,294

293,342

Cash and cash equivalents

42,302

39,227

561,596

332,569

CREDITORS

Amounts falling due within one year

6

2,185,559

1,946,696

NET CURRENT LIABILITIES

(1,623,963

)

(1,614,127

)

TOTAL ASSETS LESS CURRENT LIABILITIES

200,691

190,529

PROVISIONS FOR LIABILITIES

185,090

143,760

NET ASSETS

15,601

46,769

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

15,597

46,765

SHAREHOLDERS' FUNDS

15,601

46,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mrs S Mehta - Director

1.	STATUTORY INFORMATION

First Steps (London) Limited is a private company, limited by shares , registered in England and Wales. 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 (£) rounded to the nearest Pound.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates

Fixtures, fittings and equipment

- 25% straight line

Motor vehicles

- 25% straight line

Computer Equipment

- 25% straight line

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 29 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2023

1,300,753

864,057

2,164,810

Additions

36,273

15,182

51,455

At 31 August 2024

1,337,026

879,239

2,216,265

DEPRECIATION

At 1 September 2023

23,046

337,108

360,154

Charge for year

9,925

21,532

31,457

At 31 August 2024

32,971

358,640

391,611

NET BOOK VALUE

At 31 August 2024

1,304,055

520,599

1,824,654

At 31 August 2023

1,277,707

526,949

1,804,656

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,919

952

Other debtors

510,375

292,390

519,294

293,342

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

96,361

148,735

Amounts owed to group undertakings

469,915

803,509

Amounts owed to associates

1,431,491

842,515

Taxation and social security

93,722

72,095

Other creditors

94,070

79,842

2,185,559

1,946,696

7.	RELATED PARTY DISCLOSURES

Oakseal Ltd., Inspired Learning Group (UK) Limited, St Christopher's School (Private) Limited, Buxlow Preparatory School Limited, The Study School Limited, Westbury House School Limited, Grange Park Preparatory School Limited, Essendene Lodge School Limited, Warlingham Park School Limited, The Orchard Kew Day Nursery Limited, Walton Montessori Limited, Collingwood School Limited, Inspired Learning Group (London) Limited, Gidea Park College Limited, Saint Felix School Limited, Danesfield Manor School Limited, St Francis College Limited, Wood Wharf Kindergarten Limited, Inspired Learning Group (London) (1) Limited, Inspired Learning Group (London) (2) Limited, Rookwood School Limited and Yateley Manor School London Limited are considered related parties by virtue of Mr A Mehta's interest in these entities. The amounts owed by the company to these related parties amount to £1,431,491 (2023: £842,515). No interest is charged on the balances.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Mehta, who controls the ultimate parent company, Tradetower Ltd. Tradetower Ltd owns 100% shareholding of First Steps (London) Limited. Both Tradetower Ltd and First Steps (London) Limited are incorporated in England.