REGISTERED COMPANY NUMBER: 06665325 (England and Wales)

REGISTERED CHARITY NUMBER: 1127021

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Little Buds Pre-School Limited

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

12

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives, aims and public benefit

The trusties have complied with their duty under the Charities Act 2011 to have due regard to the guidance published by the Charity Commission on public benefit. In fulfilling the objectives stated below the company demonstrates it provides a public benefit to the local community. Specifically, the Charity provides management under licence from Forest Heath District Council of a community building that otherwise would have been closed, this allows other community & private groups as well as individuals to continue to use this facility.

Currently the company`s main aim is to ensure that the Community Centre remains viable for the use of the local community groups, serving young children from the local community as well as the Pre-School.

Presently the Pre-School operates as a separate entity however, in accordance with the objectives in the company`s aim is to run the Little Buds Pre-school in accordance with the objectives in the company`s Articles which are stated below.

Those objectives are to enhance the development and education of the children primarily under school age by encouraging parents to understand and provide for the needs of their children through community groups and by:-

1. Offering appropriate play, education and care facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means of ability;

2. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs;

3. Instigating and adhering to and furthering the aims and objects of the Early Years Alliance.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Company went active on 1st September 2011 after talks with Forest Heath District Council which saw us take over the responsibility of running the Community Centre at Studlands Park Newmarket, Suffolk under a licence to occupy. This facility is now under the ownership of West Suffolk District Council after the merging of the 2 authorities at the end of 2019. The new enclosed outside area which was completed in December 2018 was added to our licence to occupy.

The pandemic, alongside a burst pipe in 2021 resulting in a flood has had a significant impact on the Community Centre over the last few years. As well as this, a large amount of work has been carried out to the Community Centre over the years. Included in this was an overhaul to the fire system which took roughly a month to install, during which time the centre was out of use.

Growth is becoming increasingly challenging as patterns have shifted, and the hall is no longer being used for parties due to competition from fully equipped venues such as soft play centres. Utility bills have risen, adding further pressure. Maintenance work is ongoing, including repairs to a faulty radiator and garden upkeep. The council is proposing that the hall takes on all associated costs, although no final decision has been made. Additionally, there is uncertainty surrounding the future of the pre-school due to upcoming staff retirements.

FINANCIAL REVIEW

Financial position

The charity was able to turn a building that was losing several thousand pounds per year, to one that runs at a surplus.

However it is becoming increasingly difficult to generate a profit due to rising utility costs and the ongoing upkeep of the hall. Additionally, the hall operates at full capacity for only 38 weeks of the year, limiting overall income potential.

In addition with the council seeking to pass additional costs onto the company, this poses a significant concern for the future sustainability of the building.

Investment policy

The Trustees have no specific investment policy and, given the amount of liquid funds held and the level of activity, it is deemed prudent to maintain funds currently surplus to immediate requirements on deposit at the charity's bank.

Reserves policy

The Charity has a small amount of reserves of £26,684 to cover future operating costs and liabilities, subject to an audit of the accounts. It is the Trustees policy to retain surplus funds to finance the day to day expenditure of the Charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are recruited by the existing trustees in accordance with the memorandum and articles of association of the company.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06665325 (England and Wales)

Registered Charity number

1127021

Registered office

Trustees

Mr W A George

Ms S Brame

Mr D Williams

Company Secretary

Mrs T E Sizer

Independent Examiner

J P Knights

Knights Lowe

Chartered Accountants

Eldo House, Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 18 May 2026 and signed on its behalf by:

Mr W A George - Trustee

Independent examiner's report to the trustees of Little Buds Pre-School Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J P Knights

Knights Lowe

Chartered Accountants

Eldo House, Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

18 May 2026

2025

2024

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

9,501

7,000

Charitable activities

Hall lettings

3,407

7,278

Investment income

2

-

87

Total

12,908

14,365

EXPENDITURE ON

Charitable activities

Hall lettings

15,971

10,424

Support cost

-

4,173

Total

15,971

14,597

NET INCOME/(EXPENDITURE)

(3,063

)

(232

)

RECONCILIATION OF FUNDS

Total funds brought forward

29,747

29,979

TOTAL FUNDS CARRIED FORWARD

26,684

29,747

2025

2024

Unrestricted

Total

funds

funds

Notes

£

£

FIXED ASSETS

Tangible assets

6

3,970

4,617

CURRENT ASSETS

Debtors

7

461

1,982

Cash at bank and in hand

24,373

25,098

24,834

27,080

CREDITORS

Amounts falling due within one year

8

(2,120

)

(1,950

)

NET CURRENT ASSETS

22,714

25,130

TOTAL ASSETS LESS CURRENT LIABILITIES

26,684

29,747

NET ASSETS

26,684

29,747

FUNDS

9

Unrestricted funds

26,684

29,747

TOTAL FUNDS

26,684

29,747

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that 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 charitable company as at the end of each financial year and of its surplus or deficit 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 charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 18 May 2026 and were signed on its behalf by:

Mr W A George - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Tangible fixed assets are depreciated on the reducing balance method at the rate of 25% pa and at cost over 10 years. Individual items with a purchase price of £100 or less are written off to the SOFA when the asset is acquired.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial assets and liabilities

All financial assets and liabilities are basic short term financial instruments and accounted for at cost less provision for non-recovery where applicable. These comprise non-trade debtors and creditors realisable within one year.

Cash at bank and in hand comprises short term bank and cash deposits none of which have restricted access terms.

Going concern

The Trustees have prepared the financial statements on the basis that the Charity will continue to operate in accordance with its Objects for a period of not less than 12 months from the date of approval of the financial statements.

Government grants

Grants are recognised on the accruals basis and are recognised in the SOFA when the company receives the right to receive the grant.

2.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

-

87

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

647

685

Deficit on disposal of fixed assets

-

272

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

5.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2025

2024

Caretakers (part-time)

2

2

Administration (part-time)

1

1

3

3

No employees received emoluments in excess of £60,000.

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

Equipment

fittings

Totals

£

£

£

£

COST

At 1 September 2024 and 31 August 2025

5,808

900

488

7,196

DEPRECIATION

At 1 September 2024

1,452

726

401

2,579

Charge for year

581

44

22

647

At 31 August 2025

2,033

770

423

3,226

NET BOOK VALUE

At 31 August 2025

3,775

130

65

3,970

At 31 August 2024

4,356

174

87

4,617

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

367

1,849

Prepayments

94

133

461

1,982

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Social security and other taxes

80

-

Accrued expenses

2,040

1,950

2,120

1,950

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.24

in funds

31.8.25

£

£

£

Unrestricted funds

General fund

27,747

(3,063

)

24,684

Redundancy fund

2,000

-

2,000

29,747

(3,063

)

26,684

TOTAL FUNDS

29,747

(3,063

)

26,684

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

12,908

(15,971

)

(3,063

)

TOTAL FUNDS

12,908

(15,971

)

(3,063

)

Comparatives for movement in funds

Net

movement

At

At 1.9.23

in funds

31.8.24

£

£

£

Unrestricted funds

General fund

27,979

(232

)

27,747

Redundancy fund

2,000

-

2,000

29,979

(232

)

29,747

TOTAL FUNDS

29,979

(232

)

29,747

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

14,365

(14,597

)

(232

)

TOTAL FUNDS

14,365

(14,597

)

(232

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.9.23

in funds

31.8.25

£

£

£

Unrestricted funds

General fund

27,979

(3,295

)

24,684

Redundancy fund

2,000

-

2,000

29,979

(3,295

)

26,684

TOTAL FUNDS

29,979

(3,295

)

26,684

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

27,273

(30,568

)

(3,295

)

TOTAL FUNDS

27,273

(30,568

)

(3,295

)

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025.