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Company Registration No. 12366340 (England and Wales)
The Oval Montessori Nursery Limited Filleted Accounts for the year ended 31 December 2024
The Oval Montessori Nursery Limited Filleted Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Oval Montessori Nursery Limited Company Information for the year ended 31 December 2024
Director
L. Norwood
Company Number
12366340 (England and Wales)
Registered Office
Sapphire House 73 St Margarets Avenue London N20 9LD
Accountants
Lacome & Co Chartered Accountants Sapphire House 73 St.Margarets Avenue London N20 9LD
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The Oval Montessori Nursery Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
9,500
11,279
Current assets
Debtors
5
3,106
-
Cash at bank and in hand
2,404
301
5,510
301
Creditors: amounts falling due within one year
6
(47,477)
(28,129)
Net current liabilities
(41,967)
(27,828)
Net liabilities
(32,467)
(16,549)
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
(32,567)
(16,649)
Shareholders' funds
(32,467)
(16,549)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2025 and were signed on its behalf by
L. Norwood Director Company Registration No. 12366340
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The Oval Montessori Nursery Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
The Oval Montessori Nursery Limited is a private company, limited by shares, registered in England and Wales, registration number 12366340. The registered office is Sapphire House, 73 St Margarets Avenue, London, N20 9LD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Reducing Balance method at 20% per annum.
Fixtures & fittings
Reducing Balance method at 25% per annum.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
7,215
17,232
24,447
Additions
-
1,190
1,190
At 31 December 2024
7,215
18,422
25,637
Depreciation
At 1 January 2024
4,260
8,908
13,168
Charge for the year
591
2,378
2,969
At 31 December 2024
4,851
11,286
16,137
Net book value
At 31 December 2024
2,364
7,136
9,500
At 31 December 2023
2,955
8,324
11,279
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The Oval Montessori Nursery Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
3,106
-
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,174
7,361
Taxes and social security
13,179
5,559
Other creditors
158
158
Loans from directors
31,916
8,667
Accruals
50
6,384
47,477
28,129
7
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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