Hassock Moor Childcare Limited Filleted accounts for Companies House (small and micro)

HASSOCK MOOR CHILDCARE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05032581

Hassock Moor Childcare Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2023

Hassock Moor Childcare Limited

Statement of Financial Position

31 March 2023

	2023		2022
Note	£	£	£	£

Current assets

Cash at bank and in hand	62,708		36,696

Creditors: amounts falling due within one year	5	56,145		6,133
		--------		--------
Net current assets			6,563		30,563
			-------		--------
Total assets less current liabilities			6,563		30,563
			-------		--------
Net assets			6,563		30,563
			-------		--------

Capital and reserves

Called up share capital	6	100	100
Profit and loss account		6,463	30,463
		-------	--------
Shareholder funds		6,563	30,563
		-------	--------

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

For the financial year ended 31 March 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 18 December 2023 , and are signed on behalf of the board by:

Miss H Phillips
Director

Company registration number: 05032581

Hassock Moor Childcare Limited

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Emporium, Bow Street, Langport, Somerset, TA10 9PQ. The principal place of business is The Old School, Water Street, Barrington, TA19 0JR.

2. Statement of compliance

These financial statements have been prepared in accordance with FRS 102 taking advantage of the disclosure exemptions 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.The financial statements are prepared in sterling, which is the functional currency of the entity. The company ceased trading on 31 March 2021. The directors do not believe that the company will commence trading again and do not consider the company to be a going concern. All assets of the company have been reflected in the balance sheet at their recoverable value and all liabilities, current and future, of which the directors are aware, have been recognised in the balance sheet at their full value.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Depreciation

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

Equipment, fixtures and fittings	-	10% and 25% reducing balance
Computer equipment	-	33% straight line

Government grants

Government grants received relate to COVID-19 government assistance and are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).

5. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	1,199	–
Corporation tax	–	68
Other creditors	54,946	6,065
	--------	-------
	56,145	6,133
	--------	-------

6. Called up share capital

Issued, called up and fully paid

	2023		2022
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2023
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Miss H Phillips	–	4,709	( 4,709)	–
	----	-------	-------	----

	2022
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Miss H Phillips	–	33,212	( 33,212)	–
	----	--------	--------	----

Advances to the director were repayable on demand and interest was charged at market rates.

The company has guaranteed a loan on behalf of the director to the maximum value of £90,000. If a default on the loan occurs then the bank may demand immediate repayment of the loan and any interest accrued.

8. Related party transactions

Included in other creditors at 31 March 2023 was £53,136 owed to Hassock Moor Childcare & Out of School Club Limited. Miss H Phillips is the sole shareholder of Hassock Moor Childcare & Out of School Club Limited and she is the majority shareholder of Hassock Moor Childcare Limited .