Registration number: 04624846

Cygnet Day Nurseries Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 10

Cygnet Day Nurseries Ltd

Company Information

Directors

Mrs M Cusworth Ms B Clark Mr D J Cusworth

Company secretary

Mrs M Cusworth

Registered office

Hartwood House High Street Bordon Hampshire GU35 0AU

Accountants

Ward Goodman Accountancy Services Ltd Chartered Certified Accountants4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Cygnet Day Nurseries Ltd

(Registration number: 04624846)
Abridged Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	15,651	23,428
Current assets
Stocks		250	250
Debtors		316,805	138,231
Cash at bank and in hand		443,500	228,074
		760,555	366,555
Prepayments and accrued income		6,143	2,793
Creditors: Amounts falling due within one year		(178,436)	(65,423)
Net current assets		588,262	303,925
Total assets less current liabilities		603,913	327,353
Provisions for liabilities		(3,913)	(3,678)
Accruals and deferred income		(1,938)	(2,206)
Net assets		598,062	321,469
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		597,062	320,469
Shareholders' funds		598,062	321,469

For the financial year ending 31 December 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Cygnet Day Nurseries Ltd

(Registration number: 04624846)
Abridged Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 1 September 2026 and signed on its behalf by:
 

......................................... Mrs M Cusworth Company secretary and director

Cygnet Day Nurseries Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
Hartwood House
High Street
Bordon
Hampshire
GU35 0AU
United Kingdom

These financial statements were authorised for issue by the Board on 1 September 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 abridged 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 abridged 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Cygnet Day Nurseries Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

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.

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
Short Leasehold	Over the term of the lease
Plant and machinery	33% on cost
Fixtures and fittings	15% on cost

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Cygnet Day Nurseries Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 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.

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 25 (2024 - 25).

Cygnet Day Nurseries Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2025	220,193	39,710	30,861	290,764
Additions	-	5,884	-	5,884
At 31 December 2025	220,193	45,594	30,861	296,648
Depreciation
At 1 January 2025	211,475	27,266	28,595	267,336
Charge for the year	8,718	3,336	1,607	13,661
At 31 December 2025	220,193	30,602	30,202	280,997
Carrying amount
At 31 December 2025	-	14,992	659	15,651
At 31 December 2024	8,718	12,444	2,266	23,428

Included within the net book value of land and buildings above is £ (2024 - £8,719) in respect of short leasehold land and buildings.
 

Cygnet Day Nurseries Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

5	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £22,664 (2024 - £22,664). The company had rent commitments at the financial year end totalling £Nil (2024 - £22,664).

The were no other financial commitments, contingencies or guarantees made on behalf of directors.

Included in the balance sheet are pensions of £4,988 (2024 - £1,930). The company operates a money purchase pension scheme on behalf of its directors and employees. The assets of the scheme are held separately in independently administered fund. At the balance sheet date, unpaid contributions of £4,988 (2024 - £1,930) were due to the fund. These are included within creditors.

Cygnet Day Nurseries Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Other transactions with directors

A previous overdrawn director's loan in relation to the former director, Mr J Elkes totalling £62,997 was subjected to Section 455 tax in the financial year ended 31 December 2023. This gave rise to Section 455 tax at a rate of 33.75% totalling £21,261.48. This was subsequently paid over by the company to HMRC.

The director, Mrs M Cusworth since inherited the Estate of Mr J Elkes and absorbed the overdrawn loan balance of £62,997 into her own director's loan balance. This took place during the financial year ended 31 December 2025 on 20 February 2025 being the date of the grant of probate. Therefore the Section 455 tax charge in the name of Mrs M Cusworth for the year ended 31 December 2025 has been calculated based on £86,544; being £149,541 in total loans advances applicable for Section 455 since 2023 less the £62,997 balance absorbed from the Estate of Mr J Elkes on which Section 455 tax has already been charged and paid.