Cornerstone Day Nursery (Sydenham) Limited Filleted accounts for Companies House (small and micro)

CORNERSTONE DAY NURSERY (SYDENHAM) LIMITED - Company Information

0 false false false false false false false false false true false false true false true false No description of principal activity 2021-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 904 6,552 7,456 1,492 5,964 xbrli:pure xbrli:shares iso4217:GBP 13039307 2021-12-01 2022-11-30 13039307 2022-11-30 13039307 2021-11-30 13039307 2020-12-01 2021-11-30 13039307 2021-11-30 13039307 2020-11-30 13039307 bus:Director1 2021-12-01 2022-11-30 13039307 core:WithinOneYear 2022-11-30 13039307 core:WithinOneYear 2021-11-30 13039307 core:ShareCapital 2022-11-30 13039307 core:ShareCapital 2021-11-30 13039307 core:RetainedEarningsAccumulatedLosses 2022-11-30 13039307 core:RetainedEarningsAccumulatedLosses 2021-11-30 13039307 bus:SmallEntities 2021-12-01 2022-11-30 13039307 bus:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 13039307 bus:SmallCompaniesRegimeForAccounts 2021-12-01 2022-11-30 13039307 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 13039307 bus:FullAccounts 2021-12-01 2022-11-30 13039307 core:FurnitureFittingsToolsEquipment 2021-11-30 13039307 core:FurnitureFittingsToolsEquipment 2021-12-01 2022-11-30 13039307 core:FurnitureFittingsToolsEquipment 2022-11-30

COMPANY REGISTRATION NUMBER: 13039307

Cornerstone Day Nursery (Sydenham) Limited

Filleted Unaudited Financial Statements

30 November 2022

Cornerstone Day Nursery (Sydenham) Limited

Statement of Financial Position

30 November 2022

	2022	2021
Note	£	£

Fixed assets

Tangible assets	4	5,964	904

Current assets

Debtors	5	8,000	8,900
Cash at bank and in hand		8,049	2,717
		--------	--------
		16,049	11,617

Creditors: amounts falling due within one year	6	20,808	11,856
		--------	--------
Net current liabilities		4,759	239
		-------	----
Total assets less current liabilities		1,205	665
		-------	----
Net assets		1,205	665
		-------	----

Capital and reserves

Called up share capital	300	300
Profit and loss account	905	365
	-------	----
Shareholders funds	1,205	665
	-------	----

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 30 November 2022 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 .

Cornerstone Day Nursery (Sydenham) Limited

Statement of Financial Position (continued)

30 November 2022

These financial statements were approved by the board of directors and authorised for issue on 21 August 2023 , and are signed on behalf of the board by:

Mr C K Ng
Director

Company registration number: 13039307

Cornerstone Day Nursery (Sydenham) Limited

Notes to the Financial Statements

Year ended 30 November 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 201 Lordship Lane, London, SE22 8HA, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

	Equipment
	£
Cost
At 1 December 2021	904
Additions	6,552
	-------
At 30 November 2022	7,456
	-------
Depreciation
At 1 December 2021 and 30 November 2022	1,492
	-------
Carrying amount
At 30 November 2022	5,964
	-------
At 30 November 2021	( 588)
	-------

5. Debtors

	2022	2021
	£	£
Trade debtors	8,000	8,900
	-------	-------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	20,808	11,856
	--------	--------