Edinburgh Day Nurseries Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC522766 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

EDINBURGH DAY NURSERIES 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

REGISTERED OFFICE:

5 Main Street

Balerno

Midlothian

EH14 7EQ

REGISTERED NUMBER:

SC522766 (Scotland)

FIXED ASSETS

Investments

4

565,601

CURRENT ASSETS

Debtors

5

241,231

182,918

Cash at bank

820,746

818,354

1,061,977

1,001,272

CREDITORS

Amounts falling due within one year

6

65,275

65,014

NET CURRENT ASSETS

996,702

936,258

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,562,303

1,501,859

CREDITORS

Amounts falling due after more than one
year

7

234,548

295,569

NET ASSETS

1,327,755

1,206,290

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

1,327,655

1,206,190

SHAREHOLDERS' FUNDS

1,327,755

1,206,290

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

Edinburgh Day Nurseries 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.

Preparation of consolidated financial statements

The financial statements contain information about Edinburgh Day Nurseries Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investment in unlisted subsidiary undertakings is recognised at cost less impairment, if any.

Basic financial instruments

Short term debtors are measured at transaction price less any impairment losses for bad or 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.

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 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

565,601

NET BOOK VALUE

At 31 March 2025

565,601

At 31 March 2024

565,601

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by group undertakings

233,937

177,895

Other debtors

7,294

5,023

241,231

182,918

The inter company loan balance is being repaid by the subsidiary companies on a monthly basis of £6,782 (2024 - £6,782) together with additional repayments as circumstances permit in order to meet the holding company's bank loan repayment schedule. There are no formal terms for repayment of the inter company loans which bear interest at 3% over base rate. Although there is no intention to seek full repayment in the short term, the loan balance is treated as a current asset.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

60,200

55,400

Other creditors

5,075

9,614

65,275

65,014

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans

234,548

295,569

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

31,869

The bank loan is repayable by monthly payments of £6,522 (at March 2025) (2024 - £6,629) over the remaining term (at 31 March 2025) of 4 years and 4 months, the loan bearing interest at 2% over base rate.

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

294,748

350,969

The company's bankers hold a floating charge over the net assets of the company and ultimately the group. The net group indebtedness to the company's bankers at the year end date was £nil (2024 - £nil).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

G T Flanagan and C Flanagan

Balance outstanding at start of year

-

Amounts advanced

54,771

-

Amounts repaid

(51,443

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,328

-

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £160,000 (2024 - £260,000) were paid to the directors .

Included within debtors are loans to the subsidiary companies, the balance at the year end being £233,937 (2024 - £177,895). The loan balance is subject to interest at 3% over bank base rate and is being repaid on a monthly basis with repayments of £6,782 (2024 - £6,782) together with additional repayments as circumstances permit. There are no formal terms for repayment and the balance is treated as a current asset.

Included within debtors is a loan to the directors, the balance at the year end being £3,328 (2024 - £6,030 due to the directors). The loan balance is interest free while in credit and bears interest at 3% while overdrawn. Interest of £ 303 (2024 - £nil) was charged in the year. There are no formal terms for repayment.