Jelly Beans Day Nursery Ashford Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08053550 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

JELLY BEANS DAY NURSERY ASHFORD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

R S Rai MPS

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

08053550 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Intangible assets

4

330,577

393,577

Tangible assets

5

1,709,277

1,702,310

2,039,854

2,095,887

Current assets

Debtors

6

34,955

17,370

Cash at bank and in hand

31,963

3,758

66,918

21,128

Creditors

Amounts falling due within one year

7

2,245,583

2,137,400

Net current liabilities

(2,178,665

)

(2,116,272

)

Total assets less current liabilities

(138,811

)

(20,385

)

Provisions for liabilities

5,159

598

Net liabilities

(143,970

)

(20,983

)

Capital and reserves

Called up share capital

8

100

100

Retained earnings

9

(144,070

)

(21,083

)

Shareholders' funds

(143,970

)

(20,983

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 20 September 2017 and were signed by:

R S Rai MPS - Director

1.	Statutory information

Jelly Beans Day Nursery Ashford 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.

Turnover

Turnover represents fees due for the period, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on buildings and nil on land

Fixtures and fittings

-

25% on cost

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.

Going concern

The financial statements have been prepared on a going concern basis on the grounds that the company will

continue to receive support from its related parties.

3.	Employees and directors

The average number of employees during the year was 27 (2016 - 26 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2016

and 31 March 2017

630,000

Amortisation

At 1 April 2016

236,423

Charge for year

63,000

At 31 March 2017

299,423

Net book value

At 31 March 2017

330,577

At 31 March 2016

393,577

5.	Tangible fixed assets

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

Cost

At 1 April 2016

1,699,319

11,915

1,081

1,712,315

Additions

-

37,907

2,935

40,842

At 31 March 2017

1,699,319

49,822

4,016

1,753,157

Depreciation

At 1 April 2016

-

9,893

112

10,005

Charge for year

28,000

5,054

821

33,875

At 31 March 2017

28,000

14,947

933

43,880

Net book value

At 31 March 2017

1,671,319

34,875

3,083

1,709,277

At 31 March 2016

1,699,319

2,022

969

1,702,310

6.

Debtors: amounts falling due within one year

31.3.17

31.3.16

£

£

Trade debtors

3,427

6,009

Other debtors

31,528

11,361

34,955

17,370

7.

Creditors: amounts falling due within one year

31.3.17

31.3.16

£

£

Trade creditors

25,559

13,845

Amounts owed to associates

2,210,496

2,096,034

Taxation and social security

2,193

20,468

Other creditors

7,335

7,053

2,245,583

2,137,400

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

9.

Reserves

Retained

earnings

£

At 1 April 2016

(21,083

)

Deficit for the year

(122,987

)

At 31 March 2017

(144,070

)

10.	Related party disclosures

A loan from an associated company, Ranc Care Homes Limited, was received in 2012. There are no set

repayment terms and no interest has been charged. The amount outstanding at the year end is £2,210,496.

(2016 - £2,096,034).

11.	Ultimate controlling party

The controlling party is R S Rai MPS.