2025-06-30-accounts - The Crow's Nest Community Playgroup

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Registered number NI037787

THE CROWS NEST COMMUNITY PLAYROUP LIMITED

Report and Accounts

30 June 2025

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Report and accounts Contents

	Page
Company information	1
Directors' report	2
Profit and loss account	3
Balance sheet	4
Statement of changes in equity	5
Notes to the accounts	6-9

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Company Information

Directors

David Condell Mrs Jacqueline Barr Mrs Olive Collins Mrs Gillian Pollock

Secretary

Catherine McConnell

Accountants

J A S Campbell & Co 49 Managher Road Aghadowey Coleraine Co Londonderry BT51 4DE

Registered office

127 Curragh Road Aghadodowey Coleraine Co Londonderry BT51 4BT

Registered number NI037787

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Registered number: NI037787 Directors' Report

The directors present their report and accounts for the year ended 30 June 2025.

Principal activities

The company's principal activity during the year continued to be the enhancemant, development and education of pre-school children by offering appropriate play facilities and sessional day care facilities. During the year of trading the company made a profit increasing reserves.

Directors

The following persons served as directors during the year:

David Condell Mrs Jacqueline Barr Mrs Olive Collins Mrs Gillian Pollock

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 15 October 2025 and signed on its behalf.

David Condell Director

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Profit and Loss Account for the year ended 30 June 2025

Notes Turnover Cost of sales Gross profit Administrative expenses Operating loss Interest receivable Loss on ordinary activities before taxation Tax on loss on ordinary activities Loss for the financial year	2025 £ 68,120 (2,673) 65,447 (66,231) (784) 11 (773) - (773)	2024 £ 54,617 (1,835)
		52,782 (68,476)
		(15,694) 183
		(15,511) -
		(15,511)

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Registered number: NI037787

Balance Sheet as at 30 June 2025

Notes Fixed assets Tangible assets 3 Investments 4 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves Capital Grant Reserve Other Reserves 6 Profit and loss account Shareholders' funds	2025 £ 70,143 101 70,244 15,549 (980) 14,569 84,813 1,796 10,025 72,992 84,813	2024 £ 76,425 2,090 78,515 8,051 (980) 7,071 85,586 1,796 10,025 73,765 85,586	2024 £ 76,425 2,090

			85,586
			1,796 10,025 73,765
			85,586

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

David Condell Director Approved by the board on 15 October 2025

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Statement of Changes in Equity for the year ended 30 June 2025

At 1 July 2023 Loss for the financial year At 30 June 2024 At 1 July 2024 Loss for the financial year At 30 June 2025	Share capital £ - - - -	Share premium £ 1,796 1,796 1,796 1,796	Re- valuation reserve £ 10,025 10,025 10,025 10,025	Profit and loss account £ 89,276 (15,511) 73,765 73,765 (773) 72,992	Total £ 101,097 (15,511)
					85,586
					85,586 (773)
					84,813

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Notes to the Accounts for the year ended 30 June 2025

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings	over 62.5 years
Leasehold land and buildings	over the lease term
Plant and machinery	over 5 years
Fixtures, fittings, tools and equipment	over 5 years

Investments

Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Notes to the Accounts for the year ended 30 June 2025

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Notes to the Accounts

for the year ended 30 June 2025

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 July 2024 Additions At 30 June 2025 Depreciation At 1 July 2024 Charge for the year At 30 June 2025 Net book value At 30 June 2025 At 30 June 2024 4 Investments Cost At 1 July 2024 Disposals At 30 June 2025 5 Creditors: amounts falling due within one year Trade creditors	2025 2024 Number Number 4 4 Land and buildings £ 101,056 - 101,056 24,631 6,282 30,913 70,143 76,425 Investments in subsidiary undertakings £ 101 - 101 2025 2024 £ £ 980 980	2024 Number 4
		Land and buildings £ 101,056 -
		101,056
		24,631 6,282
		30,913
		70,143
		76,425
		101
		2024 £ 980

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Notes to the Accounts

for the year ended 30 June 2025

6 Revaluation reserve At 1 July 2024 At 30 June 2025	2025 £ 10,025 10,025	2024 £ 10,025
		10,025

7 Other information

THE CROWS NEST COMMUNITY PLAYROUP LIMITED is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:

127 Curragh Road Aghadodowey Coleraine Co Londonderry BT51 4BT

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Detailed profit and loss account for the year ended 30 June 2025

Sales Cost of sales Gross profit Administrative expenses Operating loss Interest receivable Loss before tax	2025 £ 68,120 (2,673) 65,447 (66,231) (784) 11 (773)	2024 £ 54,617 (1,835)
		52,782 (68,476)
		(15,694) 183
		(15,511)

THE CROWS NEST COMMUNITY PLAYROUP LIMITED Detailed profit and loss account for the year ended 30 June 2025

Sales Sales Cost of sales Other direct costs Administrative expenses Employee costs: Wages and salaries Pensions Uniforms Staff training and welfare Training Premises costs: Light and heat General administrative expenses: Telephone and fax Stationery and printing Bank charges Insurance Repairs and maintenance Depreciation Legal and professional costs: Accountancy fees Other legal and professional	2025 £ 68,120 2,673 42,810 725 731 1,779 - 46,045 3,475 3,475 646 612 84 891 7,066 6,282 15,581 1,130 - 1,130 66,231	2024 £ 54,617
		1,835
		45,889 1,259 1,246 1,282 -
		49,676
		3,515
		3,515
		853 609 204 1,059 3,646 6,730
		13,101
		1,294 890
		2,184

		68,476