This is the exposition because it introduces the characters and setting of the story.To explain further it introduces nursery,Lydia,George,Wendy,and Peter.And this shows Lydia and George in the kitchen.
This is the rising action because it is developing the turning point of the story.The reason why is Lydia and George want to close down the nursery and house.This shows that George locking the nursery.
This is the Climax because this is the turning point of the story.The reason why is George and Lydia are getting worried because Peter and Wendy were sneaking into the nursery.
This is the Falling action cause it is finishing up the climax.Also George and Lydia contacted David Mc Clean to help him decide if he should close down the nursery.But Peter and Wendy were getting upset and trying to convince George in not doing this.
This is the conclusion because this is the ending.Finally George decided to close the nursery down.After George and Lydia get locked up by their kids(Peter and Wendy) in the nursery.
The central theme of this story is too much curiosity can be dangerous.The reason why this is the theme is Wendy and Peter wanted more curiosity for the nursery and which is why this could lead to dangerous situations like one with the lion or something.