REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2022 |
|
for |
|
Back To The Garden Childcare Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2022 |
|
for |
|
Back To The Garden Childcare Limited |
Back To The Garden Childcare Limited (Registered number: 10690720) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Back To The Garden Childcare Limited |
|
Company Information |
for the Year Ended 31 March 2022 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Reedham House |
31 King Street West |
Manchester |
M3 2PJ |
Back To The Garden Childcare Limited (Registered number: 10690720) |
|
Balance Sheet |
31 March 2022 |
|
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
|
|
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
|
|
|
|
|
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. |
Back To The Garden Childcare Limited (Registered number: 10690720) |
|
Balance Sheet - continued |
31 March 2022 |
|
|
|
|
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
|
|
|
|
|
|
|
|
Back To The Garden Childcare Limited (Registered number: 10690720) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
|
1. | STATUTORY INFORMATION |
|
Back To The Garden Childcare Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Childcare fee income is recognised in the period in which the nursery has provided the childcare and recognised at the point the service has been provided. |
|
Grant income |
|
Grants are accounted under the accruals model as permitted by FRS 102. The deferred element of grants is included in creditors as deferred income. |
|
Grants of a revenue nature are recognised in profit or loss in the same period as the related expenditure. Where applicable, grants have been deferred and included within creditors as deferred income so as to be recognised in the correct period. |
|
Tangible fixed assets |
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
|
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. |
|
Depreciation is provided on the following basis: |
|
Freehold land | - Not depreciated |
Freehold property | - 2% Straight line |
Plant and machinery | - 25% straight line |
Fixtures and fittings | - 25% straight line |
Office and computer equipment | - 25% straight line |
|
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
|
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
|
Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses. |
Back To The Garden Childcare Limited (Registered number: 10690720) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
|
2. | ACCOUNTING POLICIES - continued |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
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. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
Going concern |
The company's financial statements for the year ended 31 March 2022 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Back To The Garden Childcare Limited (Registered number: 10690720) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
|
4. | TANGIBLE FIXED ASSETS |
Office |
Fixtures | and |
Freehold | Plant and | and | computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2021 |
|
|
|
|
|
Additions |
|
|
|
|
|
At 31 March 2022 |
|
|
|
|
|
DEPRECIATION |
At 1 April 2021 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
At 31 March 2022 |
|
|
|
|
|
NET BOOK VALUE |
At 31 March 2022 |
|
|
|
|
|
At 31 March 2021 |
|
|
|
|
|
|
Freehold property includes capitalised finance costs of £245,259 (2021: £245,259). |
|
Freehold property includes land amounting to £295,359 (2021: £295,359) which is not depreciated. |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
Prepayments |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
Amounts owed to related |
parties |
|
|
Accrued expenses |
|
|
|
|
Back To The Garden Childcare Limited (Registered number: 10690720) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
|
|
Other loans |
|
|
|
|
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2022 | 2021 |
£ | £ |
Bank loans |
|
|
Other loans |
|
|
|
|
|
9. | RELATED PARTY DISCLOSURES |
|
Applebarn Nurseries Limited: |
Included within other loans is £2,546,764 (2021: £2,546,764) which was owed to Applebarn Nurseries Limited. Interest is being charged at 8% per annum on a portion of the total loan and amounted to £181,330 (2021: £181,323) for the year which has been included within other loan interest payable. The other loan was initially due for repayment in full in April 2021, however it was agreed to extend the repayment date. The loan is now due to be repaid in full in July 2024. The loan extension fee of £Nil (2021: £23,000) is included within other loan interest payable. |
|
Included within amounts owed to group undertakings is £90,665 (2021: £90,665) owed to Applebarn Nurseries Limited for services rendered during the year. The companies are related as Applebarn Nurseries Limited has full control over Back to the Garden Childcare Limited. |
|
Applebarn Investco Limited: |
Included within amounts owed by group undertakings is £8,430 (2021: £6,060) is owed by Applebarn Investco Limited in relation to transactions paid for by Back To The Garden Childcare Limited on behalf of Applebarn Investco Limited. Applebarn Investco Limited owns 51% of the shares in Applebarn Nurseries Limited, the ultimate controlling party of Back To The Garden Childcare Limited. This is interest free and repayable upon demand. |
|
As at 31 March 2022, included within amounts owed to related parties is £552,142 (2021: £396,044) due to a company related by common control and directorship. |
|
10. | ULTIMATE CONTROLLING PARTY |
|
Applebarn Nurseries Limited is the company's ultimate parent undertaking and controlling party by virtue of its 100% shareholding. Applebarn Nurseries Limited was incorporated in England and Wales and its registered office address and place of business is 1 St.Georges Court, Altrincham Business Park, Altrincham, United Kingdom, WA14 5UA. |
|
The ultimate controlling parties are Puma VCT 11 Plc by virtue of a 17% shareholding, Puma VCT 12 Plc by virtue of a 32% shareholding and Applebarn Investco Limited by virtue of a 51% shareholding of Applebarn Nurseries Limited. |