**Company Registration No. 04843570 (England and Wales)** ## **FERNBANK NURSERY LIMITED** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2021** ## **FERNBANK NURSERY LIMITED** ## **COMPANY INFORMATION** **Directors** Mr M Munir Mr M A Ugradar **Company number** 04843570 **Registered office** Mentor House Ainsworth Street Blackburn Lancashire BB1 6AY **Accountants** Pierce C A Limited Mentor House Ainsworth Street Blackburn Lancashire BB1 6AY **Business address** Lammack Road Blackburn Lancashire BB1 8LH **Bankers** Lloyds TSB Bank plc Church Street Blackburn Lancashire BB2 1JQ Santander Business Banking Bridle Road Bootle Merseyside L30 4GB ## **FERNBANK NURSERY LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Directors' report|1| |Independent examiner's report|2| |Income and expenditure account|3| |Balance sheet|4| |Notes to the financial statements|5 - 6| ## **FERNBANK NURSERY LIMITED** ## **DIRECTORS' REPORT** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ The directors present their annual report and financial statements for the year ended 31 August 2021. ## **Principal activities** The principal activity of the company is the provision of pre-school services. The company is limited by guarantee and has charitable status. No corporation tax is payable on surpluses made by the company due to this charitable status. ## **Directors** The directors who held office during the year and up to the date of signature of the financial statements were as follows: Mr M Munir Mr M A Ugradar ## **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 M Munir **Director** Date: ............................................. - 1 - ## **FERNBANK NURSERY LIMITED** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FERNBANK NURSERY LIMITED ON THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** We report on the accounts for the year ended 31 August 2021, which are set out on pages 3 to 6. ## **Respective responsibilities of trustees and examiner** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). The charity’s trustees consider that an audit is not required for this year under Part 16 of the 2006 Act and that an independent examination is needed. It is our responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to our attention ## **Basis of independent examiner’s statement** Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with our examination, no material matters have come to our attention which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 386 of the Companies Act 2006; or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the Charities SORP (FRS102). We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Pierce C A Limited** ......................... Mentor House Ainsworth Street Blackburn Lancashire BB1 6AY - 2 - ## **FERNBANK NURSERY LIMITED** ## **INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ |||**2021**|**2020**| |---|---|---|---| ||**Notes**|**£**|**£**| |**Income**||193,130|205,259| |Administrative expenses||(188,702)|(187,703)| |Other operating income|**2**|3,046|16,547| |**Operating surplus**||7,474|34,103| |Interest receivable and similar income||23|393| |**Surplus before taxation**||7,497|34,496| |Tax on surplus||-|-| |**Surplus for the financial year**||7,497|34,496| - 3 - ## **FERNBANK NURSERY LIMITED** ## **BALANCE SHEET** ## _**AS AT 31 AUGUST 2021**_ |**Notes**
**Current assets**
Debtors
**4**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**5**
**Net current assets**
**Reserves**
Income and expenditure account
**Members' funds**|**2021**
**£**
14,604
314,296
328,900
(4,271)|**£**
324,629
324,629
324,629|**2020**
**£**
1,876
318,136
320,012
(2,880)|**£**
317,132
317,132
317,132| |---|---|---|---|---| For the financial year ended 31 August 2021 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. T he 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. The financial statements were approved by the board of directors and authorised for issue on ......................... and are signed on its behalf by: .............................. Mr M Munir **Director** ## **Company Registration No. 04843570** - 4 - ## **FERNBANK NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **1 Accounting policies** ## **Company information** Fernbank Nursery Limited is a private company limited by guarantee incorporated in England and Wales . The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY. ## **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 a mounts 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 Going concern** The director s are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director s ha ve continued to adopt the going concern basis in preparing the financial statements. Whilst the directors have adopted the going concern basis set out above, the impact of the worldwide Coronavirus pandemic, Covid-19, on all businesses represents an uncertainty and the true impact of this pandemic will only become apparent over time. ## **1.3 Income and expenditure** Income represents amounts receivable for nursery services provided including any fundraising. Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company is not registered for VAT and cannot reclaim it. ## **1.4 Cash at bank and in hand** 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. Any bank overdrafts are shown within borrowings in current liabilities. ## **1.5 Taxation** There is no corporation tax payable as the company is a registered charity. ## **1.6 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **1.7 Government grants** Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. ## **1.8 Toys and Equipment** Consumable toys and equipment are released to the profit and loss in the year they are purchased. - 5 - ## **FERNBANK NURSERY LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **2 Other operating income** |Coronavirus job retention scheme grant
Coronavirus national non-domestic rates grant|**2021**
**£**
3,046
-
3,046|**2020**
**£**
6,547
10,000
16,547| |---|---|---| ## **3 Employees** The average monthly number of persons (including directors) employed by the company during the year was: |||**2021**|**2020**| |---|---|---|---| |||**Number**|**Number**| ||Total|10|10| |**4**|**Debtors**||| |||**2021**|**2020**| ||**Amounts falling due within one year:**|**£**|**£**| ||Service charges due|12,382|-| ||PAYE control account|1,133|559| ||Prepaid expenses|1,089|1,317| |||14,604|1,876| |**5**|**Creditors: amounts falling due within one year**||| |||**2021**|**2020**| |||**£**|**£**| ||Accrued expenses|4,271|2,880| ## **6 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 per member. - 6 - **CS01 (ef)** ## **Confirmation Statement** Company Name: **FERNBANK NURSERY LTD** Company Number: **04843570** Received for filing in Electronic Format on the: **13/08/2021** **----- Start of picture text -----**
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Company Name: **FERNBANK NURSERY LTD** Company Number: **04843570** Confirmation **24/07/2021** Statement date: Sic Codes: **85200** Principal activity **Primary education** description: **Electronically filed document for Company Number:** **04843570** ## **Confirmation Statement** I confirm that all information required to be delivered by the company to the registrar in relation to the confirmation period concerned either has been delivered or is being delivered at the same time as the confirmation statement **Electronically filed document for Company Number:** **04843570** ## **Authorisation** ## Authenticated This form was authorised by one of the following: Director, Secretary, Person Authorised, Charity Commission Receiver and Manager, CIC Manager, Judicial Factor **End of Electronically filed document for Company Number:** **04843570**