The Playroom Management Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03588544

The Playroom Management Services Ltd

Filleted Unaudited Financial Statements

31 March 2025

The Playroom Management Services Ltd

Financial Statements

Year ended 31 March 2025

CONTENTS	PAGE

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

The Playroom Management Services Ltd

Officers and Professional Advisers

Director	Mr P Clark

Company secretary	Miss N Clark - Appointed 8th Nov 2024

Registered office	57 New Road
	Llanelli
	Camarthenshire
	SA15 3DP

Accountants	James & Uzzell Ltd
	Chartered Certified Accountants
	Axis 15, Axis Court
	Mallard Way
	Riverside Business Park
	Swansea
	SA7 0AJ

The Playroom Management Services Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	5	571,114	583,465

CURRENT ASSETS

Debtors	6	7,483	–
Cash at bank and in hand		1,496	4,026
		------	------
		8,979	4,026

CREDITORS: amounts falling due within one year	7	442,205	440,431
		---------	---------
NET CURRENT LIABILITIES		433,226	436,405
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		137,888	147,060

CREDITORS: amounts falling due after more than one year	8	36,391	45,278

PROVISIONS

Taxation including deferred tax	29,390	25,742
	---------	---------
NET ASSETS	72,107	76,040
	---------	---------

CAPITAL AND RESERVES

Called up share capital	9	10	10
Revaluation reserve		41,744	41,744
Profit and loss account		30,353	34,286
		--------	--------
SHAREHOLDERS FUNDS		72,107	76,040
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Playroom Management Services Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 November 2025 , and are signed on behalf of the board by:

Peter Clark

Director

Company registration number: 03588544

The Playroom Management Services Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. GENERAL INFORMATION

The Playroom Management Services Ltd is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are and yoga facilities.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 March 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Going concern

The directors have considered the future trading position of the company and are confident that the going concern principle can be applied to the financial statements.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of asset and liabilities within the next financial year are addressed below. (i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. (ii) Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. (iii)Provisions Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes. (iv) Going Concern The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows: Rendering of services When the outcome of a transaction can be estimated reliably, turnover from day care nursery,yoga facilities is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. Interest and dividends receivable Interest income is recognised using the effective interest method. Rent receivable Rent receivable is recognised when an invoice is raised at the beginning of the rental period.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold Property/Property Improvements	-	2%/10% per annum of cost
Fixtures and Fittings	-	15% straight line
Motor Vehicles	-	25% straight line

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. TANGIBLE ASSETS

	Land and buildings	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	693,876	39,081	732,957
Additions	–	1,783	1,783
	---------	--------	---------
At 31 March 2025	693,876	40,864	734,740
	---------	--------	---------
Depreciation
At 1 April 2024	111,021	38,471	149,492
Charge for the year	13,877	257	14,134
	---------	--------	---------
At 31 March 2025	124,898	38,728	163,626
	---------	--------	---------
Carrying amount
At 31 March 2025	568,978	2,136	571,114
	---------	--------	---------
At 31 March 2024	582,855	610	583,465
	---------	--------	---------

Cost or valuation of freehold property comprises:

	2025	2024
	£	£
Cost	652,132	652,132
Valuation 2016	41,744	41,744
	---------	---------
	693,876	693,876
	---------	---------

The comparable amounts determined according to the historical cost convention are as follows:

	2025	2024
	£	£
Historical cost equivalent	534,748	547,791
Revaluation	34,230	35,065
	---------	---------
Net book Value	568,978	582,856
	---------	---------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	182	–
Other debtors	7,301	–
	------	----
	7,483	–
	------	----

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	17,108	17,684
Trade creditors	35	–
Social security and other taxes	158	7
Other creditors	424,904	422,740
	---------	---------
	442,205	440,431
	---------	---------

The bank loans and overdraft are secured by way of fixed and floating charges. The aggregate amount of secured liabilities is £17,108 (2024 - £17,684).

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	36,391	45,278
	--------	--------

Included within creditors: amounts falling due after more than one year is an amount of £Nil (2024: £2,457) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. The aggregate amount of secured liabilities is £36,391 (2024 - £42,278).

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
A Ordinary shares of £ 1 each	4	4	4	4
B Ordinary shares of £ 1 each	4	4	4	4
C Ordinary shares of £ 1 each	1	1	1	1
D Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----
	10	10	10	10
	----	----	----	----

10. RELATED PARTY TRANSACTIONS

Key Management Personnel of the entity or its parent

	2025	2024
	£	£
Balance due to key management personnel	396,459	384,771

No interest has been incurred in relation to this balance. The directors have each given a personal guarantee for a principal amount of £35,000 in relation to the bank borrowings. Other related parties

	2025	2024
	£	£
Amount owed to related parties	6,998	17,199
Amount owed (from) related parties	(7,301)	–