Company Registration No. 07954025 (England and Wales)
Little Bear's 3 Limited
Unaudited accounts
for the year ended 30 June 2018
Little Bear's 3 Limited
Unaudited accounts
Contents
Little Bear's 3 Limited
Company Information
for the year ended 30 June 2018
Company Number
07954025 (England and Wales)
Registered Office
Cedar Cottage
1 The Green
Wanstead
London
E11 2NT
Accountants
AMS Accounting 1 Limited
9 Cranbourne Avenue
Wanstead
London
E11 2BH
Little Bear's 3 Limited
Statement of financial position
as at 30 June 2018
Tangible assets
116,542
137,055
Cash at bank and in hand
180,868
186,821
Creditors: amounts falling due within one year
(196,245)
(251,367)
Net current assets
883,748
547,760
Total assets less current liabilities
1,000,290
684,815
Provisions for liabilities
Other provisions
(22,143)
(26,040)
Net assets
978,147
658,775
Called up share capital
2
2
Profit and loss account
978,145
658,773
Shareholders' funds
978,147
658,775
For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 March 2019.
S S O'Neill
Director
Company Registration No. 07954025
Little Bear's 3 Limited
Notes to the Accounts
for the year ended 30 June 2018
Little Bear's 3 Limited is a private company, limited by shares, registered in England and Wales, registration number 07954025. The registered office is Cedar Cottage, 1 The Green, Wanstead, London, E11 2NT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents amounts receivable for services supplied during the period, exclusive of Value Added Tax.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance for nursery equipment, 10% straight line for fitout costs
Computer equipment
25% reducing balance
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the accounts and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme, NEST Master Trust Pension Scheme, for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Little Bear's 3 Limited
Notes to the Accounts
for the year ended 30 June 2018
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2017
48,786
194,422
5,432
248,640
Additions
2,241
2,948
668
5,857
At 30 June 2018
51,027
197,370
6,100
254,497
At 1 July 2017
30,360
77,798
3,427
111,585
Charge for the year
5,167
20,535
668
26,370
At 30 June 2018
35,527
98,333
4,095
137,955
At 30 June 2018
15,500
99,037
2,005
116,542
At 30 June 2017
18,426
116,624
2,005
137,055
Trade debtors
75,319
80,894
Amounts due from group undertakings etc.
767,806
479,073
Accrued income and prepayments
18,463
18,189
Other debtors
37,537
34,150
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
8,627
8,462
Amounts owed to group undertakings and other participating interests
5,105
3,857
Taxes and social security
33,168
85,272
Other creditors
27,268
47,156
Loans from directors
1,319
1,296
The company operates a defined contribution pension scheme, NEST Master Trust Pension Scheme, for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, the unpaid contributions of £308 (2017: £Nil) were due to the fund. They are included in other creditors.
Little Bear's 3 Limited
Notes to the Accounts
for the year ended 30 June 2018
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to the Company
1,296
23
-
1,319
Included within creditors are the above amounts owed by the Company to Mrs O'Neill, the director of the Company. The loan is unsecured, interest free and repayable on demand.
9
Transactions with related parties
Included within amounts due from group undertakings in debtors there is an amount of £763,825 (2017: £479,073) owed to the Company by Little Bear's Daycare Group Limited, £3,961 (2017: £922 creditor) owed to the Company by Little Bear's Nursery School Limited and £20 (2017: £Nil) owed to the Company by Tower Hill Equestrian Limited, all associated companies. These loans are unsecured, interest free and repayable on demand.
Included within amounts due to group undertakings in creditors there is an amount of £4,802 (2017: £2,848) owed by the Company to Little Bear's 2 Limited, £187 (2017: £87) owed by the Company to Little Bear's Club Limited and £116 (2017: £Nil) owed by the Company to Kingsley Equestrian Limited, all associated companies. These loans are unsecured, interest free and repayable on demand.
Little Bear's Daycare Group Limited, registered office 1 The Green, Wanstead, London E11 2NT, owns 100% of the issued share capital of the Company. The ultimate controlling parties are J L O'Neill and his spouse, S S O'Neill who jointly own 100% of the issued share capital of Little Bear's Daycare Group Limited.
11
Average number of employees
During the year the average number of employees was 25 (2017: 25).
