NS9 Childcare Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 10261268 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 4 JULY 2016 TO 31 DECEMBER 2016

FOR

NS9 CHILDCARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S M Birchall

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

10261268 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Investments

4

527,925

CURRENT ASSETS

Debtors

5

716,643

Cash at bank and in hand

148,532

865,175

CREDITORS

Amounts falling due within one year

6

152,107

NET CURRENT ASSETS

713,068

TOTAL ASSETS LESS CURRENT LIABILITIES

1,240,993

CREDITORS

Amounts falling due after more than one year

7

1,239,660

NET ASSETS

1,333

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,233

1,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 31 July 2017 and were signed by:

S M Birchall - Director

1.	STATUTORY INFORMATION

NS9 Childcare Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational

existence for the foreseeable future. Thus continues to adopt the going concern basis of accounting in preparing

the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

527,925

At 31 December 2016

527,925

NET BOOK VALUE

At 31 December 2016

527,925

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

716,643

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

50,299

Tax

308

Other creditors

100,000

Accrued expenses

1,500

152,107

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans - 1-2 years

52,692

Bank loans - 2-5 years

172,476

Bank loans more 5 yr by instal

1,014,492

1,239,660

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,014,492

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,289,959

9.	RELATED PARTY DISCLOSURES

NS9 Childcare Limited holds a 50% shareholding in Netstar 9 Childcare Limited. During the year a management

charge of £10,000 was invoiced to Netstar 9 Childcare Limited and in addition various monies were loaned

between the companies. Included in debtors as at 31 December 2016 is an amount of £586,212 due from Netstar

9 Childcare Limited.

NS9 Childcare Limited holds a 50% shareholding in Netstar 9 Limited. During the year a management charge of

£4,000 was invoiced to Netstar 9 Limited and in addition various monies were loaned between the companies.

Included in debtors as at 31 December 2016 is an amount of £130,431 due from Netstar 9 Limited.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is S M Birchall.