REGISTERED NUMBER: SC391553 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OAKWELL CHILDRENS NURSERY LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Flanagan

E A Scott

F E Flanagan

T R Flanagan

SECRETARY:

G T Flanagan

REGISTERED OFFICE:

5 Main Street

Balerno

Midlothian

EH14 7EQ

REGISTERED NUMBER:

SC391553 (Scotland)

FIXED ASSETS

Intangible assets

4

100,000

116,000

Tangible assets

5

28,705

22,095

128,705

138,095

CURRENT ASSETS

Debtors

6

24,880

11,538

Cash at bank

286,816

386,480

311,696

398,018

CREDITORS

Amounts falling due within one year

7

198,632

260,458

NET CURRENT ASSETS

113,064

137,560

TOTAL ASSETS LESS CURRENT LIABILITIES

241,769

275,655

CREDITORS

Amounts falling due after more than one year

8

(1,667

)

(11,667

)

PROVISIONS FOR LIABILITIES

(3,800

)

(1,100

)

NET ASSETS

236,302

262,888

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

236,202

262,788

SHAREHOLDERS' FUNDS

236,302

262,888

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 directors acknowledge their 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 Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

G T Flanagan - Director

1.	STATUTORY INFORMATION

Oakwell Childrens Nursery Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 a wholly-owned subsidiary company, it is dependent on the availability of funds being available from the holding company. The directors consider that the sources of funding should continue to be available to the company.

Turnover

Turnover represents amounts receivable for services provided in the normal course of business (which does not require the company to be registered for VAT) with any amounts received in advance being reflected within creditors.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

The directors undertake an impairment review where there is an indication of impairment.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance

The directors undertake an impairment review where there is an indication of impairment.

Basic financial instruments

Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for employees. Contributions payable to the company's pension scheme, as well as company contributions to the directors' self-invested pension plans, are charged to profit and loss in the period to which they relate.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

320,000

AMORTISATION

At 1 April 2024

204,000

Charge for year

16,000

At 31 March 2025

220,000

NET BOOK VALUE

At 31 March 2025

100,000

At 31 March 2024

116,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

4,964

70,256

75,220

Additions

-

12,619

12,619

At 31 March 2025

4,964

82,875

87,839

DEPRECIATION

At 1 April 2024

3,374

49,751

53,125

Charge for year

400

5,609

6,009

At 31 March 2025

3,774

55,360

59,134

NET BOOK VALUE

At 31 March 2025

1,190

27,515

28,705

At 31 March 2024

1,590

20,505

22,095

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,117

1,115

Amounts owed by group undertakings

20,883

7,180

Other debtors

2,880

3,243

24,880

11,538

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,007

Trade creditors

447

789

Amounts owed to group undertakings

56,036

108,242

Taxation and social security

72,569

119,659

Other creditors

59,580

21,761

198,632

260,458

Creditors includes an amount of £3,111 (2024 - £2,235) due in respect of the company's auto enrolment pension scheme contributions.

The inter company loan is being repaid to the holding company on a monthly basis of £6,782 (2024 - £6,782) together with additional repayments as circumstances permit in order to meet the bank loan repayment schedule of the holding company. The holding company bank loan is to be repaid within the remaining term (at 31 March 2025) of 4 years and 4 months. There are no formal terms for repayment of the inter company loan and the balance is treated as a current liability bearing interest at 3% pa over base rate.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,667

11,667

The bank loan was advanced under the Coronavirus Bounce Back Loan Scheme and repayments commenced June 2021. The loan is unsecured.

9.	LEASING AGREEMENTS

Total future minimum payments under non-cancellable operating leases amount to £228,446 (2024 - £289,948) of which £ 61,502 (2024 - £61,502) is due within the next twelve months.

10.	SECURED DEBTS

Bank funding is provided through an inter company loan from the holding company. The inter company loan bears interest at base rate plus 3%.

The Bank of Scotland plc holds a floating charge over the whole net assets of the company and ultimately the group.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

12.	RELATED PARTY DISCLOSURES

Remuneration of £44,892 (2024 - £60,000) was paid to the directors, this including pension contributions.

13.	ULTIMATE CONTROLLING PARTY

The company is under the control of its holding company, Edinburgh Day Nurseries Ltd, whose registered office address is 5 Main Street, Balerno, Midlothian EH14 7EQ. The director, Mrs G Flanagan and the late Mr C Flanagan, also a director, held equal shareholdings in the holding company.