Company No: SC211868 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,717,424		2,155,312
Investments	4	1		1
		3,717,425		2,155,313
Current assets
Stocks		1,972		1,851
Debtors	5	1,256,086		1,082,410
Cash at bank and in hand		123,311		201,919
		1,381,369		1,286,180
Creditors: amounts falling due within one year	6	( 700,373)		( 1,127,323)
Net current assets		680,996		158,857
Total assets less current liabilities		4,398,421		2,314,170
Creditors: amounts falling due after more than one year	7	( 950,155)		( 544,336)
Provision for liabilities	8	( 290,457)		( 7,491)
Net assets		3,157,809		1,762,343
Capital and reserves
Called-up share capital	9	25,000		25,000
Revaluation reserve		1,829,832		509,964
Profit and loss account		1,302,977		1,227,379
Total shareholders' funds		3,157,809		1,762,343

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Cherrytrees Childrens Nurseries Limited (registered number: SC211868) were approved and authorised for issue by the Board of Directors on 21 September 2026. They were signed on its behalf by:

S Bennet Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cherrytrees Childrens Nurseries Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Balgone Dean, Leuchie, North Berwick, Scotland, EH39 5NU.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts receivable for the operation of children's nurseries and out of school clubs.

Revenue from the sale of services is recognised when the service is supplied, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Leasehold improvements	5 years straight line
Plant and machinery	3 years straight line
Vehicles	4 years straight line
Fixtures and fittings	4 years straight line

The transfers between the revaluation reserve and the profit and loss reserves, detailed in the statement of changes in equity, relates to the excess depreciation charge written off over the useful economic life of the revalued buildings.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

At each reporting period end date, the Company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs. Cost comprises direct materials.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash with the banks and in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, and bank loans, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	107		102

3. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£		£
Cost
At 01 January 2025	2,443,489		208,376		27,401		0		293,293		2,972,559
Additions	0		0		0		19,900		40,502		60,402
Revaluations	1,106,511		0		0		0		0		1,106,511
Disposals	0		0		( 1,948)		0		( 18,254)		( 20,202)
At 31 December 2025	3,550,000		208,376		25,453		19,900		315,541		4,119,270
Accumulated depreciation
At 01 January 2025	471,953		101,562		25,374		0		218,358		817,247
Charge for the financial year	35,700		30,049		1,263		4,975		40,467		112,454
Adjustments on revaluations	( 507,653)		0		0		0		0		( 507,653)
Disposals	0		0		( 1,948)		0		( 18,254)		( 20,202)
At 31 December 2025	0		131,611		24,689		4,975		240,571		401,846
Net book value
At 31 December 2025	3,550,000		76,765		764		14,925		74,970		3,717,424
At 31 December 2024	1,971,536		106,814		2,027		0		74,935		2,155,312

Revaluation of tangible assets

The freehold land and buildings were professionally valued by Cushman & Wakefield, Chartered Surveyors, as at 16 September 2025. In determining the carrying value, the directors considered the range of valuations provided and, having regard to the requirements of FRS 102 Section 1A, concluded that a value between the market value based on a restricted marketing period and the closed and vacant possession valuation most appropriately reflected the fair value of the properties for financial reporting purposes. Accordingly, the properties have been included at a valuation representing the midpoint of these two values. If the revalued assets were stated on a historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

	2025		2024
	£		£
Historical cost	1,696,329		1,696,330
Accumulated depreciation	(648,750)		(614,824)
Carrying value	1,047,579		1,081,506

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	1
At 31 December 2025	1
Carrying value at 31 December 2025	1
Carrying value at 31 December 2024	1

5. Debtors

	2025		2024
	£		£
Trade debtors	718,039		546,067
Corporation tax	135,142		135,141
Other debtors	402,905		401,202
	1,256,086		1,082,410

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	216,774		568,419
Trade creditors	40,918		19,696
Amounts owed to Group undertakings	1		1
Taxation and social security	86,521		237,907
Obligations under finance leases and hire purchase contracts	3,317		0
Other creditors	352,842		301,300
	700,373		1,127,323

A floating charge was taken out on 5 October 2016 over the freehold and leasehold property of the Company in favour of HSBC Bank PLC.

A standard security was also taken out on the Dunbar, Edinburgh and Hawick properties in favour of HSBC Bank PLC.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	940,205		544,336
Obligations under finance leases and hire purchase contracts	9,950		0
	950,155		544,336

A floating charge was taken out on 5 October 2016 over the freehold and leasehold property of the Company in favour of HSBC Bank PLC.

A standard security was also taken out on the Dunbar, Edinburgh and Hawick properties in favour of HSBC Bank PLC.

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 7,491)		0
Credited/(charged) to the Profit and Loss Account	1,733		( 7,491)
Charged to the Statement of Comprehensive Income	( 284,699)		0
At the end of financial year	( 290,457)		( 7,491)

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
5,000 Ordinary shares shares of £ 1.00 each	5,000		5,000
20,000 Preference shares shares of £ 1.00 each	20,000		20,000
	25,000		25,000

10. Financial commitments

Other financial commitments

	2025		2024
	£		£
Total commitments under non-cancellable operating leases not provided for in the accounts	144,096		184,237

At the reporting date the Company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as outlined above.

11. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Key Management Personnel - loans due from	400,000		400,000

Loans due from the directors remain in line with the prior period during the year and have an interest rate applied which tracks the HMRC official rate of interest.

No guarantees have been given or received.