Creative Minds Nurseries Network Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07860587 (England and Wales)

CREATIVE MINDS NURSERIES NETWORK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms E C Chilton

SECRETARY:

Mrs W O'Mahony

REGISTERED OFFICE:

25 Stanhope Road

Deal

Kent

CT14 6AD

REGISTERED NUMBER:

07860587 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

353,568

353,673

CURRENT ASSETS

Debtors

5

9,735

26,334

Cash at bank and in hand

(286

)

401

9,449

26,735

CREDITORS

Amounts falling due within one year

6

135,556

154,999

NET CURRENT LIABILITIES

(126,107

)

(128,264

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

227,461

225,409

CREDITORS

Amounts falling due after more than one
year

7

66,214

74,800

NET ASSETS

161,247

150,609

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

8

125,447

Retained earnings

35,700

25,062

SHAREHOLDERS' FUNDS

161,247

150,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 11 December 2025 and were signed by:

Ms E C Chilton - Director

1.	STATUTORY INFORMATION

Creative Minds Nurseries Network Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents gross invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixture & Fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 35 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Fixture &

Computer

property

Fittings

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

256,444

89,143

35,574

2,811

383,972

Additions

-

979

553

1,532

At 31 March 2025

256,444

89,143

36,553

3,364

385,504

DEPRECIATION

At 1 April 2024

-

28,873

1,426

30,299

Charge for year

-

1,152

485

1,637

At 31 March 2025

-

30,025

1,911

31,936

NET BOOK VALUE

At 31 March 2025

256,444

89,143

6,528

1,453

353,568

At 31 March 2024

256,444

89,143

6,701

1,385

353,673

Cost or valuation at 31 March 2025 is represented by:

Improvements

Freehold

to

Fixture &

Computer

property

Fittings

equipment

Totals

£

Valuation in 2016

125,447

-

125,447

Valuation in 2018

-

289

-

289

Valuation in 2019

-

434

689

1,123

Valuation in 2022

-

362

-

362

Valuation in 2023

-

1,209

1,856

3,065

Valuation in 2025

-

979

553

1,532

Cost

130,997

89,143

33,280

266

253,686

256,444

89,143

36,553

3,364

385,504

If the freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

130,997

The freehold property was valued on an open market basis on 31 March 2016 by the Director of the company. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

9,622

10,530

Other debtors

113

15,804

9,735

26,334

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

32,600

31,295

Trade creditors

15,373

35,167

Taxation and social security

14,504

5,713

Other creditors

73,079

82,824

135,556

154,999

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

66,214

74,800

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

125,447