Company reglstration number. 06851649
Charlty Number: 1130074
LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Tradlng as LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Unaudlted flnanclal statements
31 March 2024

LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Contents
Pago
Directors and other informallon
Directors report
Statement of Comprehensive Income
Statement of linanclal posltion
statement of changes In eqully
Notes lo the financial statements
7.10

LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Dlrectors and other Informatlon
Dlrectors
Gi115an Smith
Karen Isgrove
Danielle Brodley
Lauren Klng
Ron Brodley
Stephen Sale
Company number
06851649
Charily Number: 1130074
Buslness address
Tend8rlng Educatlon C6nlre
J8ywl¢k Lane
Clacton On Sea
Essex
C016 88E
Page I

LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Dlrectors report
Year ended 31 March 2024
The directors present Ihoir report and the unaudited flnancial stalemenls of the company for the year ended
31 March 2024.
Directors
The directors who served Ihe company during the year were as follows:
Gillian Smith
Karen Isgrove
Danlelle 8rodl6y
Lauren Klng
Ron Brodley
Slephen Sale
Small company provlslons
Thls report has been prepared In a¢cordanoe with the provlslons appllcable to companles enlllled to the 3mall
oompanies exempllon.
This report was approved by the board of dlre¢lor$ on
by.,
end slgned on behalf of Ihe board
O](,ocklo4
Karen Isgrova
D1￿clOr
Danielle Brodley
Director
Page 2

LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Statement of comprehensive income
Yoar ended 31 March 2024
2024
2023
Not8
Turnover
Cost of sales
Administrative expenses
Other operaling Income
Operatlng profltl(loss)
706,132
606,772
(726,331)
60,QQO
(665,8891
39,801
(59,117)
Other interest reGelvable and similar Income
Profltl(loss) before taxation
1,841
41,842
677
{58,440)
Tax on proflV(loss)
Profltl(Ios8l for the flnanclal year and total
comprehenslve Income
41,642
<58,440)
All tho aclivllies of the company are from continulng operallons.
The notes on pages 7 to 10 form part of these flnancial statements.
Page 3

LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
statement of financlal posltlon
31 March 2024
2024
2023
Note
Flxed assets
Tangible 8ssel$
321,898
56,080
321,898
56,080
Current assets
Debtors
Cash at bank and in hand
22,674
102,059
19,233
334,661
124,733
353.894
Credltors: amounts falllng due
wlthln one year
(2211
(5,206)
Nel Current assets
124,512
348,688
Total assels less current Ilabilltles
446,410
404,768
Net assels
446,410
404,768
Capltal and reserves
Called up share capllal
Profit and loss account
446,409
404,767
Sharoholders funds
446,410
404,768
For Ihe year ending 31 March 2024 the ¢ompany was entitled to exemption from audlt under section 477 of
tho Companles Act 2006 relating to small companies.
Dlrectors responsibllilles,,
Th6 members havg nol requlred the company to obtain an 8udlt of its financial slatemenls for th& year in
question in accordance with secllon 476:
The directors acknowledge their responslbilitles for complying wilh Ihe requirèments of the Acl with respe¢t
lo accountlng records and the preparalion of financial statements.
These finan¢lal statements have been prepared In accordance with the provlsions applicable lo companies
subject lo the small companies, regime and In accordance with Section 1A of FRS 102 'The Financi81
RepDrllng Standaid applicable In the UK and Republic of Ireland,.
Tho noles on pages 7 to 10 fom part of Ihese flnanclal statements.
Page 4

LfTTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Statement of flnanclal position (contlnued)
3q March 2024
These financial statements were approved by the board of directors and authorlsed for Issue on and are
signed on behalf of the board by.,
Karen Isgrove
Director
¢ifdLo4
Danielle Brodley
Director
Company reglslration number.. 06851649
Charlty Number.. 1130074
The notes on pages 7 to 10 form part of these financlal statements.
Page 5

LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Statem&nt of changes In equlty
Year ended 31 March 2024
Called up Profil and
sharè
loss
capital
account
Total
At 1 April 2022
463,207 463,208
ProllU{loss) for tho year
Total comprehenslve In¢ome for the year
(58,440) (58,440)
(58,440} {58,440)
At 31 March 2023 and 1 Aprll 2023
404,767
404,768
Profiulloss) for the year
Total ¢omprehenslve Income for the year
41,642
41,642
41,642
41,642
At 31 Mar¢h 2024
446,409
446.410
Pagg 6

LirrLE PALS CHILDREN'S CEt4TRE NURSERY LIMITED
Notes to the flnanclal slatements
Year ended 31 March 2024
General Informatlon
The company is a private company limited by shares, registered in The address of the registered officè
Statement of compliance
These financlal sl8temenls have beon prepared In compliance with the provislons of FRS 102, Section
1A, 'The Financial Reporting Standard applicable the UK and Republic of Ireland,.
Accountlng policles
Basls of preparatlon
The financial stalemenls have been pr8pared on the hislorlcal cost basls, as modlfled by the revaluation
of ¢¢rtain financlal assets and liabllities and investment properties measured al f8ir value through proftt
or loss.
The financlal statements are prepared in sterllng, whlch is the funcllonal c￿r￿neY of the entity.
Turnover
Turnover is measured at the falr value of the consideration recelved or recelvable for goods 5upplled
and Se￿i¢9S rendered, nel of dlscounls and Valu8 Added Tax,
Revenue from the sale of goods is recognlsed when th& significant risks and rewards of ownership have
Iransferrod lo the buyer (usually on despatch of the goods); the amount of revenue can be measured
reliably,. It is probable that the associated economic beneflls will flow lo the entity; and the costs Incurred
or lo be Incurred in respect of11)e transactions Lan be measured reliably.
Taxatlon
The laxatlon expense represents the 899rogale amount of current and deferred lax recogni59d in the
reporting period. Tax is recognised In the slalement of comprehensive income, except lo the extent that
It relates to items re.cognised in other comprehensive income or directly li) capital and reserves. In this
caso. tax is rècognised in other comprehenslve In¢ome or dircctly in capital and reserves, respeclively.
Current tax Is recognlsed on taxable profit for Ihe current and past periods. Current tax Is measured at
the amounts of tax expected to pay or recover using the lax rates and laws that have been enacted or
substantively enacted at the reporting date.
Deferred tax Is recognlsed in respect of all tlmlng dlfferences al Ihe reporting date. Unrelieved tax
losses and other deférred lax assets are recognised to thè extent Ihat il Is probab16 that they will be
recovered against tho reversal of doferred lax118bililles or other future taxable profits. Deferred lax is
measured using the tax rates and laws that have been énacted or substantively enacted by the
reporting dale that are expected to apply to the reversal of the liming difference.
Page 7

LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Notes to tha financlal statements (contlnued)
Year énded 31 March 2024
Tanglble assets
Tanglble assets are inillally recorded at cost, and are subsequently staled at cost less any accumulated
depreciation and Impalrmenl losses.
Any tangible assets Carried at revalued amoun15 are recorded at Ihg fair value al the dale of r8valuation
less any subsequent accumulated depre¢lalion and subsequent accumulaled impairment losses.
An Increase in the carrying emount of an asset a6 a rèsult of a rovaluatlon, is recognised In other
comprehenslve income and accumulatgd In capital and reserves, except to the extent it reverses a
revaluation decrease of thè same asset previously recognised in profit or loss. A decrease in the
Carrying amount of an asset as a result of revaluallon is recognised in other comprehenslve income to
the extent of any prevlously recognised revaluation Increase accumulated In capllal and reservos in
respect of that asset, Where a revaluation decrease exceeds the a¢¢umulated revaluatlon gains
accumulated in capital and reserves In respect of that asset, Ihe excess sh811 be recognised in proflt or
loss,
Dopreclatlon
Depre¢lalion is calculated so as to wri18 off the cost or valuation of an asset, less Its residual value,
over thè useful economic Ilfe of that ass81 as follows..
If there Is an indlcation that there has been a signSficant change in depreciation rate, useful Ilfe or
residual value of tangible assets, the depreciation is revised prospectively to refle¢l the new esllmates.
Impalrment
A review for Indl¢alors of Impairment 15 Carrled out al each reportlng dale, wllh the recov8rable amount
being e3llm81ed where such indlcatois exist. Where the carrying value exceeds the recoverable
amount, Ihe assel is Impaired ac¢or(ilngly. Prior impairments are also revlewed for possible reversal at
each roporllng dale.
When it Is not possible lo estimate the recoverable amount ol gn indivldual ass&t, an estimate is made
of the recoverable amount of the cash-generating unil lo which the asset b81ongs. The cash-generating
unit is the smallest identiflable group of assets that includes the asset and generates cash Inflows that
are largely Indopendent of the cash inflows from other assels or groups of assets.
Government grants
Government grants are recognlsed at the fair value of the asset recelved or recelvable. Grants are not
recognlsed until there is reasonable assurance that the company wlll comply with the condilions
allaching lo them and thg grants will be recelved.
Government grants are recognised uslng the accrual model and the performance model.
Under the accrual model. government grants relating to revenuo are recognised on a systematlc b8SiY
over the perlods in which Ihe company recognises the related costs for which the grant is in16nded lo
compensate. Grants Ihal are receivable as compensation for exponses or losses alre8dy Incurred or for
the purpose of giving immediate financial support to the enlily wSth no fulure related ¢ostS are
recognised in income In Ihe period in which11 becomes receivable.
Grants relating to assels are recognised In Income on a system8ti¢ basis over the expected useful life
of the asset. Where part of a grant relating to an asset is deferred, it is recognlsed as deferred income
and not deducted from the carrying amount of the asset,
Under the performance model. where the grant does not Impose specified future performance-relaled
conditions on the recipient, It Is recognlsed in Income when the grant proceeds are received or
receivable. Where the grant does Impose speclfied future performance-related conditions on Ihe
recipient, 11 Is recognised in income only when the performance-related conditions have been met.
Where grants received are prSor to satisfying the revenue recognilion Griteria, they are recognised as a
liability.
Page 8

LirrLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Notes to the flnancial statements (¢ontlnued)
Year ended 31 March 2024
Flnanclal instruments
A financial asset or a financlal liability is ￿COgnised only when the company becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are Inllially recognised at the Iransaclion price, unless the arrangement
conslilules a financing transacllon, where il is recognised at tho present value of the future payments
discounted at a market rate of interest for a slmilar debt Instrument.
Debt instruments are subsequently measured at amorllsed cost,
Where investments in non.converllble preference shares and non-pullable ordlnary shares or
preference sha￿S are publicly tradod or Ihelr fair value can otherwis¢ be measured reliably, the
investmont is subsequently measured at fair value with changes In fair value recogni5ed in profil or loss.
All other such Inveslmenls arg subsequenlly measutsd al cost less impairment.
Other financial inslrumenls. including derivatives, are Inlllally reco9ni$ed at falr valuo. unless payment
for an asset Is deferred beyond normal business terms or f5nanced at a rate of Inleresl that Is not a
market rate, In which case the asset is measured al the present value of the fulure payments
dlscountod al a market rate of interest for a similar debt Instrument.
Other financial inslrljments are subsequently measured al falr value, wllh any changes r6cognised in
profil or loss, with the exceplion of hedging instruments in & deslgnated hedging relationship.
Financlal assets that aro measured al Gosl or amorlised cost are rev16wed for objective evid6nce of
impairment al the end of each reporting dale. If there 1$ obje¢live evidence of Impalrrnent, an
impalrment loss is recognlsed in profit or loss immediatèly.
For all 6qtsity instruments regardless of signlfScance, and other financial assols that are individually
significant. these are assessed individually for impairment. Other financlal assels or either assessed
Individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairmenl are recognised in profit or1055 immedialoly, to the exlenl that th6 reversal
do&s not result In a ¢arrylng amount of tho financlal asset that exceeds what the carrying amount would
have been had the impalrment not previously been recognlsed.
Defined ¢ontrlbutlon plans
Contribullons lo defined contribution plans are recognised as an expense In the period In whlch the
related service Is provided. Prepaid contrlbulions are re¢ognised as an asset to the extent Ihal the
prepaymenl will lead lo a reduction in future payments or a oesh refund.
Whon contributions are not expected to bo settled wholly wllhln 12 monlhs of the end of the reporting
dale in which the èmployees render thè related serv5ce, the Ilabillly is measured on a discounted
present value basis. The unwindlng of the discount is recognlsed in finance costs In profll or loss in the
period in which il arises.
Employee numbers
The average number of persons employed by the company during the year amounted lo 29 (2023.. 29).
Profltnoss before taxatlon
Profitlloss before tsxalion Is staled after ch8rglngl(credlling}'.
2024
2023
Deprecistlon ol tanglble assels
29.207
23,214
Page 9

LITTLE PALS CHILDREN'S CENTRE NURSERY LIMITED
Notes to the flnanclal statements (contlnued)
Year ended 31 March 2024
Tanglble assets
Freehold
Fixlures,
property lillings and
equipment
Motor
vehicles
Total
Cost
At 1 April 2023
Addllions
10,363
260,000
62,906
16,740
62,889
21.594
136,158
298,334
At 31 March 2024
270.363
79,646
84,483
434,492
Depreclatlon
At 1 April 2023
Charge for the year
10,363
42,738
14,255
26,977
18,261
80.078
32,516
At 31 March 2024
10.363
56,993
45,238
112,594
Carrylng amount
At 31 March 2024
260,000
22,653
39,245
321,898
At 31 March 2023
20,168
56,080
Debtors
2024
2023
Trade deblors
Other debtors
14,232
8,442
14,232
5,001
22,674
19,233
Credltors: amounts falllng due wlthln one year
2024
2023
Soclal securlty and other taxes
Other creditors
221
221
4.985
221
5,206
Page 10

Little Pals Children's Centre Nursery
Annual Report of the Trustecs for the year
From l April 2023 to 31 March 2024
Reference and Administration
Liltle Pals Cliildren's Centre Nursery Registered Company No. 6851649, Registered
Charity No. 1130074
Registered Office: Clacton Coastal Academy, Jaywick Lane, Clacton-on-sea, Essex
C016 8BE
Trustees for the year 202312024.. Gillian Smith, Karen Isgrove, Danielle Brodley,
Lauren Kinb, Ron Brodley, Stephcn Sale.
Structure, Governance and Managcment.
Littlc Pals Children's CLntre Nursery is a Limited Company for charitable purposes.
Objectives and Activities.
Through operatingF a pre-school or other facilities to enhance the development and
education of the children primarily under statutory school age within the Tendring
District and the surroundingF area by encoura&Ting parents to undcrstand and provide
for the needs of their cliildrcn through community &7roups and by:
(a) Offei'iiig7 appropriate play t"acilities and trainingi courses, tog?ether with the
right of parents to take respoiisibility for and to become involved in the
activllies of such g?roups, ensuring that such gyroups offer opportunities for all
children whatever their race, culture, religion, means or ability.
(b) Encoui'a&Fing? Ihe study of the needs of such children and their families and
promoting public interest in aiid recognition of such needs in the local areas.
(c) Instig7alingy and adherin&F to and furthering the aims of the charity.
Review of the year.
The cost-of-living crisis has still be dominant throu&yhout this ycar, and as the year
progressLd the challen&Fes, we faced iiicreased, with the cost of fuel, and sliortages of
gas spirallin&i our costs. As the year has progressed and the cffects of thc cost of living
crisis projected on to our families, we respondcd by sccuring sevcral g7rants lo liclp
young families in need in terms of their general health and wellbeing7 and our staff
have been very active in supplying food, support and assistance where required to
these families in nccd.
The klemmington House Centre which we opened in Jaywick, which is one of the
Inost deprived wards in EnLylaiid, is secured for the longi term and we have been
carrying out extcnsive improvements to the building and the provision of services as
part of making it a Centre of Excellence and this is provingy to be successful in part in
meetingy some of the needs of this very deprived area.
Our main aim was to secure the long term future of Little Pals and this year we have
purchased oui. own building to provide children and families with the opportunity to
acccss Forest School at oui. new site.
Tlie highest priority as always is to maintain an excellent standard of service for
children and parents/carers, gFood staff rclations and creatiiig a robust and efficient
management structure whilst maintaining financial viability.
Finance
The financial position in operational terms is good and we have a strong reserves
policy to develop our service further and also to cover variations in a very competitive
market. We continue to exercise tight controls on expenditure and maximise income.
Board of Trustee4 for The Lt Pals Children's Centre Nur8cry