REGISTERED NUMBER: OC393735 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Children's Corner Childcare LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

133,915

144,784

CURRENT ASSETS

Stocks

5,975

5,690

Debtors

5

116,837

254,236

Cash at bank and in hand

208,937

103,620

331,749

363,546

CREDITORS

Amounts falling due within one year

6

(369,783

)

(367,539

)

NET CURRENT LIABILITIES

(38,034

)

(3,993

)

TOTAL ASSETS LESS CURRENT LIABILITIES

95,881

140,791

CREDITORS

Amounts falling due after more than one year

7

(93,824

)

(139,821

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,057

970

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

2,057

970

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

2,057

970

Amounts due from members

5

(93,719

)

(243,841

)

(91,662

)

(242,871

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 December 2025 and were signed by:

L A Dawson - Designated member

1.	STATUTORY INFORMATION

Children's Corner Childcare LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC393735

Registered office:

28 Broomfield

Adel

Leeds

West Yorkshire

LS16 6AF

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 have been prepared under the historical cost convention.

Going concern

The financial statements show that at the balance sheet date the LLP had net liabilities. However, the members believe that it is appropriate to prepare the accounts on a going concern basis, as they are willing and able to financially support the LLP in meeting its obligations as they fall due.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax.

Turnover from the supply of services represents the value of services provided to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Tangible fixed assets

Tangible fixed assets are stated at purchase cost, net of depreciation.

Depreciation is provided on all tangible assets at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life as follows:

Improvements to property

- 10% on cost

Fixtures and fittings

- 10% and 33% on cost and 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Stocks

Stock and work in progress are valued at the lower of cost and new realisable value, after due regard for obsolete and slow moving stocks.

Hire purchase and leasing commitments

Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.

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 LLP after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - other debtors, cash and bank balances, trade creditors, other creditors and bank loans.

Other debtors, cash and bank balances, trade creditors and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently measured at amortised cost using the effective interest method.

Impairment of assets

Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets

An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had impairment not been recognised.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 100 (2024 - 96 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

366,884

Additions

54,269

Disposals

(29,995

)

At 31 March 2025

391,158

DEPRECIATION

At 1 April 2024

222,100

Charge for year

43,187

Eliminated on disposal

(8,044

)

At 31 March 2025

257,243

NET BOOK VALUE

At 31 March 2025

133,915

At 31 March 2024

144,784

The net book value of tangible fixed assets includes £ 101,323 (2024 - £ 101,863 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

116,837

254,236

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

43,184

66,915

Hire purchase contracts (see note 8)

26,132

24,241

Trade creditors

8,994

1,816

Taxation and social security

30,603

15,537

Other creditors

260,870

259,030

369,783

367,539

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

8,880

52,259

Hire purchase contracts (see note 8)

84,944

87,562

93,824

139,821

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

26,132

24,241

Between one and five years

84,944

87,562

111,076

111,803

Non-cancellable

operating leases

2025

2024

£

£

Within one year

4,054

-

Between one and five years

14,866

-

18,920

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

52,064

119,174

Hire purchase contracts

111,076

111,803

163,140

230,977

Hire purchase contracts are secured against the assets to which they relate.

Bank loans are secured over the assets of the LLP by way of debenture.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) would rank pari passu in relation to other creditors in the event of a winding-up.