| Grove Villa Childcare Limited |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Going concern |
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The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern for the period of at least 12 months from the date of approval of these financial statements. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over 10 years |
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Plant and machinery |
over 3 years |
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Fixtures, fittings, tools and equipment |
over 3 years |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment properties are included in the balance sheet at fair value. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice 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. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice 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. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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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. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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Exemption from preparing consolidated financial statements |
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The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
12 |
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12 |
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| 3 |
Taxation |
2025 |
|
2024 |
| £ |
£ |
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Current year corporation tax charge |
72,333 |
|
56,755 |
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Deferred Tax on timing differences |
1,291 |
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(57) |
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73,624 |
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56,698 |
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| 4 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Investment Property |
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Total |
| £ |
£ |
£ |
£ |
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Cost |
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At 1 December 2024 |
105,901 |
|
12,597 |
|
599,250 |
|
717,748 |
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Additions |
4,829 |
|
590 |
|
- |
|
5,419 |
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At 30 November 2025 |
110,730 |
|
13,187 |
|
599,250 |
|
723,167 |
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Depreciation |
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At 1 December 2024 |
45,628 |
|
11,378 |
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- |
|
57,006 |
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Charge for the year |
10,714 |
|
884 |
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- |
|
11,598 |
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At 30 November 2025 |
56,342 |
|
12,262 |
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- |
|
68,604 |
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Net book value |
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At 30 November 2025 |
54,388 |
|
925 |
|
599,250 |
|
654,563 |
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At 30 November 2024 |
60,273 |
|
1,219 |
|
599,250 |
|
660,742 |
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| 5 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
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Cost |
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At 1 December 2024 |
100 |
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At 30 November 2025 |
100 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Abberley House Nursery Limited |
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Registered Office: Suite 3a Kings Hall, St Ives Business Park, Parsons Green, St Ives, Cambridgeshire, PE27 4WY. |
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% |
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Class of shares: |
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Holding |
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Ordinary |
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|
100 |
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| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Trade debtors |
15,071 |
|
2,146 |
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Other debtors |
174,183 |
|
208,566 |
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189,254 |
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210,712 |
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| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Bank loans and overdrafts |
18,800 |
|
17,861 |
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Taxation and social security costs |
65,025 |
|
48,456 |
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Other creditors |
55,023 |
|
50,409 |
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|
138,848 |
|
116,726 |
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| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
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Bank loans |
614,440 |
|
630,654 |
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| 9 |
Loans |
2025 |
|
2024 |
| £ |
£ |
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Creditors include: |
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Instalments falling due for payment after more than five years |
535,119 |
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557,111 |
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Secured bank loans |
623,625 |
|
641,865 |
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The bank loan is secured on the investment property, a first ranking debenture from the company and a personal guarantee from the shareholders. |
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| 10 |
Loans to directors |
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Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Michael Wolstenholme |
|
Directors Loan Account |
2 |
|
219,656 |
|
(200,570) |
|
19,088 |
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2 |
|
219,656 |
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(200,570) |
|
19,088 |
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At the end of the year, there was an overdrawn director's loan account of £19,088 (2024: £2). Interest of 3.75% has been charged on the loan. The loan was repaid 9 months after the year end. |
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| 11 |
Charges |
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The company has three charges registered on Companies House for Lloyds Bank PLC, which include fixed and floating charges. The charges cover the property for undertaking of the company and the freehold property known as Abberley House. |
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| 12 |
Related party transactions |
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At the end of the year there was a balance of £151,266 (2024: £208,566) owed by Abberley House Nursery Limited. During the year the company recieved £60,000 in management fees (2024: £60,000) from Abberley House Nursery Limited.
Grove Villa Childcare Limited and Abberley House Nursery Limited are both controlled by Michael and Letang Wolstenholme. During the year the company paid rent of £22,482 to Michael Wolstenholme for the company premises. |
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| 13 |
Other information |
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Grove Villa Childcare Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Suite 3a Kings Hall, St Ives Business Park |
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Parsons Green |
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St Ives |
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Cambridgeshire |
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PE27 4WY |