Registration number: 13000345

Limes Court Nursery School Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Limes Court Nursery School Limited

Company Information

Directors

Mrs Jennie Carissa McMahon Mr Michael Darren McMahon

Company secretary

Mrs Jennie Carissa McMahon

Registered office

4-7 Limes Court Tettenhall Wolverhampton West Midlands England WV6 8RZ

Accountants

Onyx Accountants Limited Chartered Management AccountantsOnyx House 12 Phoenix Business Park Avenue Close Birmingham West Midlands B7 4NU

Limes Court Nursery School Limited

(Registration number: 13000345)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	68,875	23,419
Current assets
Debtors	5	93,285	83,104
Cash at bank and in hand		121,512	51,346
		214,797	134,450
Creditors: Amounts falling due within one year	6	(108,683)	(91,127)
Net current assets		106,114	43,323
Total assets less current liabilities		174,989	66,742
Creditors: Amounts falling due after more than one year	6	(30,000)	(30,000)
Provisions for liabilities		(11,116)	(4,450)
Net assets		133,873	32,292
Capital and reserves
Called up share capital		102	102
Retained earnings		133,771	32,190
Shareholders' funds		133,873	32,292

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 June 2026 and signed on its behalf by:
 

Limes Court Nursery School Limited

(Registration number: 13000345)
Balance Sheet as at 30 November 2025

......................................... Mrs Jennie Carissa McMahon Company secretary and director

Limes Court Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4-7 Limes Court
Tettenhall
Wolverhampton
West Midlands
WV6 8RZ
England

These financial statements were authorised for issue by the Board on 30 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Limes Court Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	20% Reducing Balance
Fixtures and Fittings	20% Reducing Balance
Computer Equipment	20% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Limes Court Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2024 - 24).

Limes Court Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 December 2024	29,391	8,836	38,227
Additions	53,475	2,483	55,958
Disposals	(1,405)	(1,120)	(2,525)
At 30 November 2025	81,461	10,199	91,660
Depreciation
At 1 December 2024	11,987	2,821	14,808
Charge for the year	7,488	1,547	9,035
Eliminated on disposal	(667)	(391)	(1,058)
At 30 November 2025	18,808	3,977	22,785
Carrying amount
At 30 November 2025	62,653	6,222	68,875
At 30 November 2024	17,404	6,015	23,419

5

Debtors

Current	2025 £	2024 £
Trade debtors	1,925	314
Prepayments	9,082	3,585
Other debtors	82,278	79,205
	93,285	83,104

6

Creditors

Creditors: amounts falling due within one year

Limes Court Nursery School Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

	2025 £	2024 £
Due within one year
Trade creditors	8,762	(462)
Taxation and social security	68,285	63,841
Accruals and deferred income	18,893	11,409
Other creditors	12,743	16,339
	108,683	91,127

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	30,000	30,000

7	Related party transactions

As at 30.11.2025 the directors loan account was overdrawn by £7,967 (£38,362 to Nov 24). Interest has been charged on this overdrawn balance throughout the year in line with HMRCs official rate of interest. Previously charged S455 tax will be reduced due to the amount of the balance that has been repaid since last year.