**Company registration number 06730883 (England and Wales)** ## **SUNFLOWERS AT ST. ANNE'S** # **(A COMPANY LIMITED BY GUARANTEE)** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023** ## **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION** ## **Directors** Mr J Knapper Mrs D Penny M Pettifor Ms L F Mason Ms R C F Dunn **Company number** 06730883 **Registered office** Sunflowers At St Anne's St Anne's Catholic Primary School Wellington Road Nantwich Cheshire CW5 7DA **Accountants** Afford Bond Holdings Limited 31 Wellington Road Nantwich Cheshire CW5 7ED ## **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) CONTENTS** ||**Page**| |---|---| |Directors' report|1| |Accountants' review report|2| |Income and expenditure account|3| |Balance sheet|4| |Notes to the financial statements|5 - 9| ## **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2023**_ The directors present their annual report and financial statements for the year ended 30 November 2023. ## **Principal activities** The principal activity of the company continued to be that of school nursery. ## **Directors** The directors who held office during the year and up to the date of signature of the financial statements were as follows: Mr J Knapper Mrs D Penny M Pettifor Ms L F Mason Ms R C F Dunn ## **Small companies exemption** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. On behalf of the board .............................................. Mr J Knapper ## **Director** 25th March 2024 Date: ............................................. - 1 - ## **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT CHARTERED ACCOUNTANTS’ REVIEW REPORT TO THE DIRECTORS OF SUNFLOWERS AT ST. ANNE'S** We have reviewed the financial statements of Sunflowers At St. Anne's for the year ended 30 November 2023 which comprise the income and expenditure account, the balance sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). ## **Directors' responsibility for the financial statements** As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. ## **Accountants’ responsibility** Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised) 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Generally Accepted Accounting Practice. ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics. ## **Scope of the assurance review** A review of financial statements in accordance with the ISRE 2400 (Revised) is a limited assurance engagement. We have performed procedures, primarily consisting of making enquiries of management and others within the company, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an audit opinion on these financial statements. ## **Conclusion** Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared: - so as to give a true and fair view of the state of the company’s affairs as at 30 November 2023, and of its loss for the year then ended; - in accordance with United Kingdom Generally Accepted Accounting Practice; and - in accordance with the requirements of the Companies Act 2006. ## **Use of our report** This report is made solely to the company’s directors, as a body, in accordance with the terms of our engagement letter dated 11 May 2021. Our review work has been undertaken so that we might state to the company’s directors those matters we have agreed to state to them in a reviewer’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s directors as a body, for our review work, for this report, or for the conclusions we have formed. Afford Bond Holdings Limited 03 Apr 2024 **Afford Bond Holdings Limited** ......................... **Chartered Accountants** 31 Wellington Road Nantwich Cheshire CW5 7ED - 2 - ## **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2023**_ ||**2023**|**2022**| |---|---|---| ||**£**|**£**| |**Income**|366,634|315,921| |Cost of sales|(278,121)|(243,107)| |**Gross surplus**|88,513|72,814| |Administrative expenses|(81,429)|(78,739)| |**Operating surplus/(deficit)**|7,084|(5,925)| |Interest receivable and similar income|226|13| |**Surplus/(deficit) before taxation**|7,310|(5,912)| |Tax on surplus/(deficit)|-|-| |**Surplus/(deficit) for the financial year**|7,310|(5,912)| The income and expenditure account has been prepared on the basis that all operations are continuing operations. - 3 - ## **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET** ## _**AS AT 30 NOVEMBER 2023**_ |**2023**
**Notes**
**£**
**Fixed assets**
Intangible assets
**4**
Tangible assets
**5**
**Current assets**
Debtors
**6**
4,736
Cash at bank and in hand
50,983
55,719
**Creditors: amounts falling due within**
**one year**
**7**
(19,253)
**Net current assets**
**Net assets**
**Reserves**
Income and expenditure account
**Members' funds**|**2022**
**£**
**£**
1
52,569
52,570
8,306
47,592
55,898
(33,719)
36,466
89,036
89,036
89,036|**£**
1
59,546| |---|---|---| |||59,547
22,179| |||81,726| |||81,726| |||81,726| For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 25/03/2024 The financial statements were approved by the board of directors and authorised for issue on ......................... and are signed on its behalf by: .............................................. Mr J Knapper **Director** Company registration number 06730883 (England and Wales) - 4 - **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 NOVEMBER 2023**_ ## **1 Accounting policies** ## **Company information** Sunflowers At St. Anne's is a private company limited by guarantee incorporated in England and Wales. The registered office is Sunflowers At St Anne's, St Anne's Catholic Primary School, Wellington Road, Nantwich, Cheshire, CW5 7DA. ## **1.1 Accounting convention** These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Income and expenditure** Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it. ## **1.3 Intangible fixed assets - goodwill** Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. ## **1.4 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold land and buildings and leasehold 2% straight line (land and buildings) & 10% straight line improvements (improvements) Fixtures, fittings & equipment 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit. - 5 - **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2023**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Impairment of fixed assets** At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. ## **1.6 Cash and cash equivalents** Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Financial instruments** The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Classification of financial liabilities**_ Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. - 6 - **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2023**_ ## **1 Accounting policies** **(Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **1.8 Taxation** The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit. ## **1.9 Employee benefits** The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.10 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Judgements and key sources of estimation uncertainty** In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Employees** The average monthly number of persons (including directors) employed by the company during the year was: ||**2023**|**2022**| |---|---|---| ||**Number**|**Number**| |Total|12|15| - 7 - **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2023**_ ## **4 Intangible fixed assets** |**4**|**Intangible fixed assets**|||| |---|---|---|---|---| |||||**Goodwill**| |||||**£**| ||**Cost**|||| ||At 1 December 2022 and 30 November 2023|||1| ||**Amortisation and impairment**|||| ||At 1 December 2022 and 30 November 2023|||-| ||**Carrying amount**|||| ||At 30 November 2023|||1| ||At 30 November 2022|||1| |**5**|**Tangible fixed assets**|||| |||**Land and**|**Plant and**|**Total**| |||**buildings**|**machinery**|| ||||**etc**|| |||**£**|**£**|**£**| ||**Cost**|||| ||At 1 December 2022|89,974|25,082|115,056| ||Additions|-|3,904|3,904| ||At 30 November 2023|89,974|28,986|118,960| ||**Depreciation and impairment**|||| ||At 1 December 2022|43,978|11,532|55,510| ||Depreciation charged in the year|6,637|4,244|10,881| ||At 30 November 2023|50,615|15,776|66,391| ||**Carrying amount**|||| ||At 30 November 2023|39,359|13,210|52,569| ||At 30 November 2022|45,996|13,550|59,546| |**6**|**Debtors**|||| ||||**2023**|**2022**| ||**Amounts falling due within one year:**||**£**|**£**| ||Service charges due||1,035|1,081| ||Other debtors||3,701|7,225| ||||4,736|8,306| - 8 - ## **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2023**_ ## **7 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| |Trade creditors
Taxation and social security
Other creditors|**2023**
**£**
2,335
3,653
13,265
19,253|**2022**
**£**
21,644
2,470
9,605| |||33,719| ## **8 Members' liability** The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1. - 9 - ## **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) DETAILED INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 NOVEMBER 2023**_ |**Income**
General income
Funding income
Other income
**Cost of sales**
_Purchases and other direct costs_
Food and drink
Toys, books and activities
Consumables
Wages and salaries
Social security costs
Staff pension costs
Total purchases and other direct costs
Total cost of sales
**Gross surplus**
**Administrative expenses**
Staff recruitment costs
Staff training
Rent re licences and other
Rates
Cleaning
Power, light and heat
Repairs and maintenance
Computer running costs
Hire of equipment
Subscriptions
Legal and professional fees
Accountancy
Book keeping fees
Bank charges
Bad and doubtful debts
Insurances
Printing and stationery
Advertising
Telecommunications
Entertaining
Sundry expenses
Clothing costs
Depreciation
Profit or loss on sale of tangible assets|**2023**
**2023**
**£**
**£**
283,750
82,493
391
366,634
9,030
9,038
5,115
242,788
7,831
4,319
278,121
(278,121)
24.14%
88,513
4,964
1,368
11,065
2,694
11,706
9,634
7,388
1,995
384
720
4,390
2,342
732
88
444
2,694
1,229
424
1,643
557
3,261
825
10,882
-
(81,429)|**2022**
**2022**
**£**
**£**
235,957
79,859
105
315,921
8,384
8,699
4,750
212,327
5,663
3,284
243,107
(243,107)
23.05%
72,814
-
794
17,365
2,872
11,093
7,560
4,526
2,270
771
613
6,419
2,925
716
84
244
2,348
2,565
-
1,499
282
2,574
623
9,347
1,249
(78,739)| |---|---|---| ## **SUNFLOWERS AT ST. ANNE'S (A COMPANY LIMITED BY GUARANTEE) DETAILED INCOME AND EXPENDITURE ACCOUNT (CONTINUED)** ## _**FOR THE YEAR ENDED 30 NOVEMBER 2023**_ |**Operating surplus/(deficit)**
**Interest receivable and similar income**
Bank interest received
**Surplus/(deficit) before taxation**|**2023**
**£**
226
1.99%|**2023**
**£**
7,084
226
7,310|**2022**
**£**
13
1.87%|**2022**
**£**
(5,925)
13
(5,912)| |---|---|---|---|---| ## **Issuer** **Issuer** Afford Bond Holdings Ltd **Document generated** Wed, 3rd Apr 2024 11:49:40 UTC **Document fingerprint** a3d79a89d4c7a81697391c1a566c042c ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 3rd Apr 2024 12:05:19 UTC Tom Hornbuckle - Signer (df2c76e75307c5260b38bb952457e165) **Audit history log Date Action** Wed, 3rd Apr 2024 12:05:20 UTC Tom Hornbuckle viewed the envelope (104.28.40.85) Wed, 3rd Apr 2024 12:05:20 UTC This envelope has been signed by all parties (104.28.40.85) Wed, 3rd Apr 2024 12:05:20 UTC Tom Hornbuckle signed the envelope (104.28.40.85) Wed, 3rd Apr 2024 12:04:47 UTC Tom Hornbuckle viewed the envelope (104.28.40.85) Wed, 3rd Apr 2024 12:04:39 UTC Tom Hornbuckle opened the document email. (104.28.86.99) Wed, 3rd Apr 2024 12:04:39 UTC Tom Hornbuckle opened the document email. (104.28.86.99) Wed, 3rd Apr 2024 11:51:51 UTC Document emailed to Tom.Hornbuckle@affordbond.com (3.8.237.156) Wed, 3rd Apr 2024 11:51:51 UTC Sent the envelope to Tom Hornbuckle (Tom.Hornbuckle@affordbond.com) for signing (51.148.103.225) Wed, 3rd Apr 2024 11:50:16 UTC Tom Hornbuckle has been assigned to this envelope (51.148.103.225) Wed, 3rd Apr 2024 11:49:47 UTC Document generated with fingerprint a3d79a89d4c7a81697391c1a566c042c (51.148.103.225) Wed, 3rd Apr 2024 11:49:40 UTC Envelope generated by Lauren Durber (51.148.103.225)