Oscar Bears Day Care Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07724081 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2020

FOR

OSCAR BEARS DAY CARE LTD.

Page

Company Information

1

Balance Sheet

2

DIRECTOR:

Mrs L Preston

REGISTERED OFFICE:

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

REGISTERED NUMBER:

07724081 (England and Wales)

ACCOUNTANTS:

Cardens Accountants LLP

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

FIXED ASSETS

55,142

59,349

CURRENT ASSETS

65,509

31,490

CREDITORS

Amounts falling due within one year

(43,059

)

(22,831

)

NET CURRENT ASSETS

22,450

8,659

TOTAL ASSETS LESS CURRENT LIABILITIES

77,592

68,008

CREDITORS

Amounts falling due after more than one year

10,639

14,561

NET ASSETS

66,953

53,447

CAPITAL AND RESERVES

66,953

53,447

NOTES TO THE FINANCIAL STATEMENTS

1.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 20 (2019 - 15 ) .

2.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mrs L Preston decreased her loan to the company. As at 31 August 2020, the company owed her £207 (2019: £199). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

3.	POST BALANCE SHEET EVENTS

Prior to the balance sheet date and to the approval of these accounts an outbreak of the COVID-19 virus

occurred causing a global pandemic recognised by the World Health Organisation (WHO).

The effect of UK Government measures to limit the spread of the virus have been widespread, urging people to remain at home wherever possible, including to work from home if available and to undertake "social distancing" measures. Part of the government action has been to order businesses where people gather socially to close temporarily.

In response to this, management of the company have assessed the impact of these measures and have applied to take up the UK Government's unprecedented business aid package.

The directors continue to monitor the situation as it rapidly changes and will react to further developments.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29 March 2021 and were signed by:

Mrs L Preston - Director