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ANGEL HOUSE KIDS CLUB LIMITED
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ANGEL HOUSE KIDS CLUB LIMITED
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Director's report and financial statements
The director presents annual report and the financial statements for the year ended 31 March 2025.
The 2024/25 financial year has been a particularly challenging period for Angel House Kids Club Ltd. During the year, one of the Companys most profitable branches was required to close following the loss of access to school premises, as the school required the site for its own use. This closure had a significant adverse impact on turnover and overall profitability. In order to retain experienced staff and safeguard the long-term future of the business, the Company made the strategic decision to redeploy its workforce and invest in the opening of a new branch. While the Company was fortunate to secure an alternative site, the new provision commenced operations from inception, with no existing enrolments. As a result, income levels were initially reduced, while the majority of operating expenses remained broadly consistent. In addition, the Company incurred one-off start-up and establishment costs associated with the opening of the new branch. The childcare sector continues to face a national shortage of suitably qualified Level 3 staff, as required by Ofsted. To manage this risk and ensure ongoing compliance, the Company participates in a staff-pooling arrangement with related group companies. Staff are shared between settings as operationally required, with costs recharged between companies through inter-company invoicing, either by the employing company or to the borrowing company. As a consequence of the branch closure, reduced initial income from the new provision, and the largely fixed nature of staffing and operational costs, the Company experienced increased financial pressure during the year. The directors continue to monitor cash flow closely, control expenditure, and actively seek opportunities to increase occupancy levels and secure additional partnerships. Despite the challenges faced, the directors remain committed to the business and believe that, with time, improved occupancy, and careful financial management, the Company is well positioned to return to a more sustainable financial footing.
Principal activities
Director
The director who served the company throughout the year was as follows:
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the director is required to :
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions On behalf of the board.
Date approved: 2
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Accountants report
You consider that the company is exempt from an audit for the year ended [31 March 2024] . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. [Mary Kareem-Osho] [31 March 2024] .................................................... MAAGE Accountancy Services 21 Nimrod Close Woodley Wokingham RG5 4UW 3
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Director's responsibilities: The financial statements were approved by the director on
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General Information
ANGEL HOUSE KIDS CLUB LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08493113, registration address 98 MCGRATH ROAD, LONDON E15 4SU, London, London, E15 4SU.
The presentation currency is £ sterling.
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