Company registration number 06820728 (England and Wales)
MATHERN DAY NURSERY (CHILDCARE SERVICES) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
MATHERN DAY NURSERY (CHILDCARE SERVICES) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MATHERN DAY NURSERY (CHILDCARE SERVICES) LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
158,983
161,292
Current assets
Debtors
4
434,675
258,161
Cash at bank and in hand
63,083
176,174
497,758
434,335
Creditors: amounts falling due within one year
5
(98,492)
(58,759)
Net current assets
399,266
375,576
Total assets less current liabilities
558,249
536,868
Provisions for liabilities
(34,451)
(34,873)
Net assets
523,798
501,995
Capital and reserves
Called up share capital
6
1,000
1,000
Profit and loss reserves
522,798
500,995
Total equity
523,798
501,995

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 7 January 2026
Mrs A Gore
Director
Company registration number 06820728 (England and Wales)
MATHERN DAY NURSERY (CHILDCARE SERVICES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Mathern Day Nursery (Childcare Services) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mathern Day Nursery, Mathern Old School, Mathern, Chepstow, NP16 6JH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services provided in the normal cause of business, net of trade discounts, VAT and other sales-related taxes.

Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for services provided.

1.3
Intangible fixed assets - goodwill

Goodwill, being the excess of the fair value of the consideration over the fair value of the net assets in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
10% on cost
Fixtures, fittings & equipment
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

MATHERN DAY NURSERY (CHILDCARE SERVICES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.9
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

MATHERN DAY NURSERY (CHILDCARE SERVICES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 62 (2024 - 62).

2025
2024
Number
Number
Total
62
62
3
Tangible fixed assets
Land and buildings Leasehold
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 May 2024
86,996
128,214
215,210
Additions
-
0
36,619
36,619
At 30 April 2025
86,996
164,833
251,829
Depreciation and impairment
At 1 May 2024
16,442
37,476
53,918
Depreciation charged in the year
10,369
28,559
38,928
At 30 April 2025
26,811
66,035
92,846
Carrying amount
At 30 April 2025
60,185
98,798
158,983
At 30 April 2024
70,554
90,738
161,292
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
231,902
253,622
Other debtors
202,773
4,539
434,675
258,161
MATHERN DAY NURSERY (CHILDCARE SERVICES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
36,838
19,531
Other taxation and social security
9,511
16,256
Other creditors
52,143
22,972
98,492
58,759
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
7
Related party transactions

The company has a n existing loan with Monmouth Day Nursery Limited, a company in which Mr K Gore is a director. During the year the company paid a management charge of £25,000 (202 4: £25,000) to Monmouth Day Nursery Limited. At the year end a balance of £42,000 (202 4: £17,000) remained outstanding and is included in creditors: amounts falling due within one year.

The company has a n existing loan with Mathern Holdings Limited, the parent company. At the year end a balance of £231,902 (202 4: £253,622) remained outstanding and is included in debtors: amounts falling due within one year.

8
Parent company

The parent company of Mathern Day Nursery (Childcare Services) Limited is Mathern Holdings Limited and its registered office is Mathern Old School, Mathern, Chepstow, Monmouthshire, NP16 6JH.

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