Little Adventures Nurseries 2 Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Little Adventures Nurseries 2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11823645 . The registered office is Family Adventures Group Limited, Wedmore, Somerset, BS28 4SA.

On 30th April 2025 fellow group company Little Town Adventures Limited acquired the trade and assets of Space Adventurers as part of a group reorganisation through a transfer of a going concern from the Little Adventures Nurseries 2 Limited .

On 30th November 2025 fellow group company Little Town Adventures Limited acquired the trade and assets of Ocean Adventurers as part of a group reorganisation through a transfer of a going concern from the Little Adventures Nurseries 2 Limited .

In 2026 the company changed its name from Ocean Adventurers Limited to Little Adventures Nurseries 2 Limited.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have assessed the company's ability to operate as a going concern for at least 12 months from the date of signing the financial statements. The company has also received confirmation of support from its parent company, Family Adventures Group Limited, to allow it to meet its debts as they fall due. Accordingly the directors believe that it remains appropriate to continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Revenue in relation to childcare fees and children's soft play centres is recognised to the extent that it is probably that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

The amount of revenue can be measured reliably;
It is probable that the Company will receive the consideration due under the contract;
The stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	15 years
Motor Vehicles	10% reducing balance
Fixtures & Fittings	7 years
Computer Equipment	4 years

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Little Adventures Nurseries 2 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation

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

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

Deferred tax balances are recognised in respect of all timing difference sthat have originated but not reversed by the balance sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6. Government Grant

Grants are accounted under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of income and retained earnings in then same period as the related expenditure.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 55 (2024: 34)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	1,113,042	543,271	10,233	154,095
Additions	126,796	-	-	22,796
Disposals	(573,781 )	(543,271 )	-	(68,401 )

As at 31 December 2025	666,057	-	10,233	108,490

Depreciation
As at 1 January 2025	172,070	234,907	419	16,425
Provided during the period	58,501	32,730	938	19,657
Disposals	(182,125 )	(267,637 )	-	(18,633 )

As at 31 December 2025	48,446	-	1,357	17,449

Net Book Value
As at 31 December 2025	617,611	-	8,876	91,041

As at 1 January 2025	940,972	308,364	9,814	137,670

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Little Adventures Nurseries 2 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	54,850	1,875,491
Additions	7,145	156,737
Disposals	(45,044 )	(1,230,497 )

As at 31 December 2025	16,951	801,731

Depreciation
As at 1 January 2025	21,255	445,076
Provided during the period	15,185	127,011
Disposals	(29,923 )	(498,318 )

As at 31 December 2025	6,517	73,769

Net Book Value
As at 31 December 2025	10,434	727,962

As at 1 January 2025	33,595	1,430,415

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	272,938	118,198
Amounts owed by group undertakings	443,574	-
Other debtors	57,809	48,252

	774,321	166,450
Due after more than one year
Other debtors	17,250	28,500

	791,571	194,950

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,346	67,879
Trade creditors	57,191	110,029
Bank loans and overdrafts	-	17,396
Other loans	6,894	85,142
Amounts owed to group undertakings	1,561,199	1,589,282
Other creditors	481,152	270,521

	2,110,782	2,140,249

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Little Adventures Nurseries 2 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	3,450
Other loans	-	26,142

	-	29,592

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,346	67,879
Later than one year and not later than five years	-	3,450

	4,346	71,329

	4,346	71,329

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Pension Commitments

The company operates a defined contribution pension scheme. Contributions totalling £3,532 (2024: £4,502) were payable to the fund at the reporting date and are included in other creditors.

11. Post Balance Sheet Events

In 2026 the company changed its name from Ocean Adventurers Limited to Little Adventures Nurseries 2 Limited.

12. Related Party Transactions

Related party transactions conducted under normal market conditions have not been disclosed in accordance with Section 1A of FRS 102.

Included within other loans are the following balances:

£Nil (2024: £36,642) due to the Trustees of Ocean Adventurers Pension Scheme and secured by a fixed and floating charge over the assets of the company.

£Nil (2024: £67,682) in a directors loan account which attracts interest at 10%, is unsecured, and repayable on demand.

13. Ultimate Parent Undertaking and Controlling Party

Family Adventures Group, a Company incorporated in England and Wales, is the ultimate parent Company. Family Adventures Group Limited's registered office address is Family Adventures Group, Wells Road, Latcham, Wedmore, England, BS28 4SA and its registered number is 12402040.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		727,962		1,430,415

			727,962		1,430,415
CURRENT ASSETS
Debtors	5	791,571		194,950
Cash at bank and in hand		156,976		-

		948,547		194,950
Creditors: Amounts Falling Due Within One Year	6	(2,110,782 )		(2,140,249 )

NET CURRENT ASSETS (LIABILITIES)			(1,162,235 )		(1,945,299 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(434,273 )		(514,884 )

Creditors: Amounts Falling Due After More Than One Year	7		-		(29,592 )

NET LIABILITIES			(434,273 )		(544,476 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Share premium account			99,987		99,987
Profit and Loss Account			(534,360 )		(644,563 )

SHAREHOLDERS' FUNDS			(434,273)		(544,476)