Northumbrian Trust Day Nurseries Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03162423

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Northumbrian Trust Day Nurseries Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Director

J P Gould

E Gould

J J Gould

T Gould

SECRETARY:

J P Gould

REGISTERED OFFICE:

301 Chillingham Road

Heaton

Newcastle upon Tyne

NE6 5SB

REGISTERED NUMBER:

03162423

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

2,108,318

2,111,522

2,108,318

2,111,522

CURRENT ASSETS

Debtors

7

172,344

156,923

Cash at bank and in hand

20,888

132,046

193,232

288,969

CREDITORS

Amounts falling due within one year

8

177,280

176,130

NET CURRENT ASSETS

15,952

112,839

TOTAL ASSETS LESS CURRENT LIABILITIES

2,124,270

2,224,361

CREDITORS

Amounts falling due after more than one year

9

(231,398

)

(224,161

)

PROVISIONS FOR LIABILITIES

11

(171,354

)

(171,354

)

NET ASSETS

1,721,518

1,828,846

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Fair value reserve

710,000

710,000

Retained earnings

981,518

1,088,846

SHAREHOLDERS' FUNDS

1,721,518

1,828,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by:

J P Gould - Director

1.	STATUTORY INFORMATION

Northumbrian Trust Day Nurseries Ltd is a private company, limited by shares, registered in England and Wales. The company's registration number is 03162423 and registered office address is 301 Chillingham Road, Heaton, Newcastle upon Tyne, NE6 5SB.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements are prepared in sterling, which the functioning currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

Turnover

Turnover represents invoiced Nursery Fee income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Tangible assets are initially measured at cost ans subsequently stated at cost less accumulated depreciation and impairment losses.

Financial instruments

Financial instruments are classified and accounted for according to th substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it's liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight line basis. The aggregate benefit of lease incentives is recognised as reduction to expense ove the lease term on a straight line basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2021 - 41 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2022

and 31 December 2022

162,499

AMORTISATION

At 1 January 2022

and 31 December 2022

162,499

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2022

and 31 December 2022

2,100,000

489,450

2,589,450

DEPRECIATION

At 1 January 2022

-

477,928

477,928

Charge for year

-

3,204

3,204

At 31 December 2022

-

481,132

481,132

NET BOOK VALUE

At 31 December 2022

2,100,000

8,318

2,108,318

At 31 December 2021

2,100,000

11,522

2,111,522

The company's freehold properties were revalued to the amount of £2,100,000 by the directors as at 31 December 2021. The directors consider these valuations accurately reflect the open market value of the properties.

7.

DEBTORS

31.12.22

31.12.21

£

£

Amounts falling due within one year:

Other debtors

75,919

49,256

31.12.22

31.12.21

£

£

Amounts falling due after more than one year:

Intercompany account Northumbrian Trust

96,425

107,667

Aggregate amounts

172,344

156,923

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts (see note 10)

72,500

72,500

Trade creditors

4,991

12,529

Taxation and social security

16,130

12,256

Other creditors

83,659

78,845

177,280

176,130

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans (see note 10)

150,000

222,500

Other creditors

81,398

1,661

231,398

224,161

10.

LOANS

The company has taken advantage of 2 business loans at a low rate of interest.

11.	PROVISIONS FOR LIABILITIES

Deferred tax is calculated on the value of the Nursery properties.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22

31.12.21

£

£

Director

Balance outstanding at start of year

46,469

46,496

Amounts advanced

127,842

94,955

Amounts repaid

(101,241

)

(94,982

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

73,070

46,469