Registration number:
Cygnets Day Nurseries (Bournemouth) Ltd
trading as
for the Year Ended 31 December 2025
Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
Contents
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Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
Company Information
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Directors |
Mrs M Cusworth Ms B Clark Mr D J Cusworth |
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Company secretary |
Mrs M Cusworth |
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Registered office |
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Accountants |
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Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
(Registration number: 05597347)
Abridged Balance Sheet as at 31 December 2025
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2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Accruals and deferred income |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Other reserves |
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Retained earnings |
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Shareholders' funds |
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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:
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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.
Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
(Registration number: 05597347)
Abridged Balance Sheet as at 31 December 2025
Approved and authorised by the
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Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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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.
Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025
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.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
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:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
25% on cost |
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Fixtures and fittings |
25% on cost |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025
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 stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
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.
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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025
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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025
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Intangible assets |
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Total |
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Cost or valuation |
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At 1 January 2025 |
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At 31 December 2025 |
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Amortisation |
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At 1 January 2025 |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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Tangible assets |
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Land and buildings |
Fixtures and fittings |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 January 2025 |
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Revaluations |
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At 31 December 2025 |
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Depreciation |
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At 1 January 2025 |
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Charge for the year |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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Freehold land and building was valued at £900,000 on an open market basis on 31 December 2025 by the directors of the company. If freehold land and building had not been revalued they would have been included at the historical cost value of £496,170.
Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025
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Financial commitments, guarantees and contingencies |
Amounts disclosed in the balance sheet
Included in the balance sheet are financial commitments of £3,097 (2024 - £33,364). The company had bank loans at the financial year end totalling £Nil (2024 - £30,880) which are secured on a fixed and floating charge over the assets of the company. The company also had credit card liabilities of £3,097 (2024 - £2,484).
There were no other commitments, contingencies or guarantees made on behalf of directors.
Included in the balance sheet are pensions of £1,470 (2024 - £1,682). The company operates a money purchase pension scheme on behalf of its directors and employees. The assets of the scheme are held separately in an independently administered fund. At the balance sheet date, unpaid contributions of £1,470 (2024 - £1,682) were due to the fund. These are included within creditors.
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Related party transactions |
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Transactions with directors |
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2025 |
At 1 January 2025 |
Advances to director |
At 31 December 2025 |
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Mrs M Cusworth |
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Ms B Clark |
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2024 |
At 1 January 2024 |
Advances to director |
At 31 December 2024 |
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Mrs M Cusworth |
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Ms B Clark |
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Loans to the directors are unsecured, interest free and repayable on demand.
Cygnets Day Nurseries (Bournemouth) Ltd
trading as The Corner House Day Nursery
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025
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Other transactions with directors |
A previous overdrawn director's loan in relation to the former director, Mr J Elkes totalling £36,000 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 £12,150. 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 £36,000 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 £36,000; being £72,000 advances for the year as per the notes in the accounts less the £36,000 balance absorbed from the Estate of Mr J Elkes on which Section 455 tax has already been charged and paid.