Registered No. OC379489 (England and Wales)
LITTLE EXPLORERS NURSERY LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
LITTLE EXPLORERS NURSERY LLP
CONTENTS
Page
Balance sheet
1 - 2
Reconciliation of members' interests
3 - 4
Notes to the financial statements
5 - 8
LITTLE EXPLORERS NURSERY LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
25,547
6,162
Current assets
Debtors
4
101
25,597
Cash at bank and in hand
125,502
94,845
125,603
120,442
Creditors: amounts falling due within one year
5
(53,229)
(189,807)
Net current assets/(liabilities)
72,374
(69,365)
Total assets less current liabilities
97,921
(63,203)
Creditors: amounts falling due after more than one year
6
(6,531)
(16,643)
Net assets/(liabilities) attributable to members
91,390
(79,846)
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability
(96,945)
(73,500)
Members' other interests
Other reserves classified as equity
188,335
(6,346)
91,390
(79,846)
LITTLE EXPLORERS NURSERY LLP
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

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

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 3 December 2025 and are signed on their behalf by:
03 December 2025
J C Hindle
Designated member
Limited Liability Partnership registration number OC379489 (England and Wales)
LITTLE EXPLORERS NURSERY LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Current financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other reserves
Members' capital
Total
Total
2025
£
£
£
Members' interests at 1 April 2024
(6,348)
(73,500)
(73,500)
(79,848)
Profit for the financial year available for discretionary division among members
194,683
-
-
194,683
Members' interests after profit for the year
188,335
(73,500)
(73,500)
114,835
Introduced by members
-
121,979
121,979
121,979
Repayment of debt (including members' capital classified as a liability)
-
(145,424)
(145,424)
(145,424)
Members' interests at 31 March 2025
188,335
(96,945)
(96,945)
91,390
LITTLE EXPLORERS NURSERY LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Prior financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other reserves
Members' capital
Total
Total
2024
£
£
£
Members' interests at 1 April 2023
(108,786)
(23,500)
(23,500)
(132,286)
Profit for the financial year available for discretionary division among members
102,440
-
-
102,440
Members' interests after profit for the year
(6,346)
(23,500)
(23,500)
(29,846)
Repayment of debt (including members' capital classified as a liability)
-
(50,000)
(50,000)
(50,000)
Members' interests at 31 March 2024
(6,346)
(73,500)
(73,500)
(79,846)
LITTLE EXPLORERS NURSERY LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
1
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
25
24
2
Accounting policies
Limited liability partnership information

Little Explorers Nursery LLP is a limited liability partnership incorporated in England and Wales. The registered office is Chorley Business & Technology Centre, East Terrace, Euxton Lane, Chorley, Lancashire, PR7 6TE.

The limited liability partnership's principal activities are disclosed in the Members' Report.

2.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together 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 limited liability partnership. 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.

2.2
Turnover

Turnover represents the amounts received for children's nursery fees, which is measured evenly over the duration of a school term.

2.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

2.4
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.

LITTLE EXPLORERS NURSERY LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2
Accounting policies
(Continued)
- 6 -

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:

Leasehold improvements
25% straight line
Fixtures and fittings
33% straight line

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 recognised in the profit and loss account.

2.5
Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the 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 an individual asset, the limited liability partnership estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

2.6
Cash at bank and in hand

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.

2.7
Financial instruments

The limited liability partnership 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 limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.

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.

LITTLE EXPLORERS NURSERY LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2
Accounting policies
(Continued)
- 7 -
2.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the limited liability partnership is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.9
Retirement benefits and post retirement payments to members

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2024
69,454
16,661
86,115
Additions
21,703
5,126
26,829
At 31 March 2025
91,157
21,787
112,944
Depreciation and impairment
At 1 April 2024
65,988
13,965
79,953
Depreciation charged in the year
5,445
1,999
7,444
At 31 March 2025
71,433
15,964
87,397
Carrying amount
At 31 March 2025
19,724
5,823
25,547
At 31 March 2024
3,466
2,696
6,162
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
101
25,597
LITTLE EXPLORERS NURSERY LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
10,333
53,818
Taxation and social security
7,614
6,237
Other creditors
25,282
119,752
53,229
189,807

The loan is secured by a guarantee from the members.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
6,531
16,643

The loan is secured by a guarantee from the members.

7
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

8
Related party transactions
Transactions with related parties

During the year the limited liability partnership entered into the following transactions with related parties:

Included within debtors is a total of £0 (2024 - £25,500) due from an entity controlled by J C Hindle, an LLP member.

Included within trade creditors is a total of £0 (2024 - £51,656) due to entities controlled by J C Hindle, an LLP member.

Included within other creditors is a total of £0 (2024 - £75,804) due to an entity controlled by J C Hindle, an LLP member.

The amounts are interest free. There are no formal repayment terms attaching to the balances.

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