LITTLE LEARNERS PRE-SCHOOL (UK) LTD Small abridged accounts

LITTLE LEARNERS PRE-SCHOOL (UK) LTD - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of LITTLE LEARNERS PRE-SCHOOL (UK) LTD have consented to the preparation of the abridged income statement and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 06882127

LITTLE LEARNERS PRE-SCHOOL (UK) LTD

Filleted Unaudited Abridged Financial Statements

31 December 2016

LITTLE LEARNERS PRE-SCHOOL (UK) LTD

Abridged Financial Statements

Year ended 31 December 2016

Contents	Page

Officers and professional advisers	1

Abridged statement of financial position	2

Notes to the abridged financial statements	4

LITTLE LEARNERS PRE-SCHOOL (UK) LTD

Officers and Professional Advisers

Director	Pulkit Shah

Registered office	44 Gerard Road
	Harrow
	Middlesex
	HA1 2NG

Accountants	Shah P. J. & Company Limited
	Chartered Certified Accountants
	301 Kenton Lane
	Harrow
	Middlesex
	HA3 8RR

Bankers	Santander Uk Plc
	Business Banking
	301 Vincent Street
	Glasgow
	G2 5NT

LITTLE LEARNERS PRE-SCHOOL (UK) LTD

Abridged Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£

Fixed assets

Intangible assets	4	20,475	23,400
Tangible assets	5	2,313,484	2,310,980
		------------	------------
		2,333,959	2,334,380

Current assets

Cash at bank and in hand	867,341		853,538

Creditors: amounts falling due within one year	528,840		751,198
	---------		---------
Net current assets		338,501	102,340
		------------	------------
Total assets less current liabilities		2,672,460	2,436,720

Creditors: amounts falling due after more than one year		1,252,058	1,303,686

Provisions

Taxation including deferred tax	4,070	4,070
	------------	------------
Net assets	1,416,332	1,128,964
	------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	1,415,332	1,127,964
	------------	------------
Members funds	1,416,332	1,128,964
	------------	------------

These abridged 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 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 abridged income statement has not been delivered.

For the year ending 31 December 2016 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 abridged 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 abridged financial statements .

LITTLE LEARNERS PRE-SCHOOL (UK) LTD

Abridged Statement of Financial Position (continued)

31 December 2016

These abridged financial statements were approved by the board of directors and authorised for issue on 28 September 2017 , and are signed on behalf of the board by:

Pulkit Shah
Director

Company registration number: 06882127

LITTLE LEARNERS PRE-SCHOOL (UK) LTD

Notes to the Abridged Financial Statements

Year ended 31 December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 44 Gerard Road, Harrow, Middlesex, HA1 2NG.

2. Accounting policies

Basis of preparation

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

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

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. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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.

Amortisation

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

	Goodwill	-	Amortisation over 10 years on straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:

Freehold properties	-	2% on straight line
Fixtures and fittings	-	25% reducing balance
Equipment	-	25% reducing balance

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 69 (2015: 43 ).

4. Intangible assets

	£
Cost
At 1 January 2016 and 31 December 2016	29,250
	--------
Amortisation
At 1 January 2016	5,850
Charge for the year	2,925
	--------
At 31 December 2016	8,775
	--------
Carrying amount
At 31 December 2016	20,475
	--------
At 31 December 2015	23,400
	--------

5. Tangible assets

	£
Cost
At 1 January 2016	2,606,114
Additions	121,910
	------------
At 31 December 2016	2,728,024
	------------
Depreciation
At 1 January 2016	295,128
Charge for the year	119,412
	------------
At 31 December 2016	414,540
	------------
Carrying amount
At 31 December 2016	2,313,484
	------------
At 31 December 2015	2,310,986
	------------

6. Director's advances, credits and guarantees

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

	2016
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Pulkit Shah	( 386,935)	329,750	( 57,185)
	---------	---------	--------

	2015
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Pulkit Shah	( 56,408)	( 330,527)	( 386,935)
	--------	---------	---------

7. Related party transactions

The company was under the control of Pulkit Shah throughout the current and previous year. Pulkit Shah is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.

8. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the year.