IRIS Accounts Production v23.4.0.336 03536600 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035366002022-08-31035366002023-08-31035366002022-09-012023-08-31035366002021-08-31035366002021-09-012022-08-31035366002022-08-3103536600ns15:EnglandWales2022-09-012023-08-3103536600ns14:PoundSterling2022-09-012023-08-3103536600ns10:Director12022-09-012023-08-3103536600ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3103536600ns10:SmallEntities2022-09-012023-08-3103536600ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3103536600ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3103536600ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3103536600ns10:FullAccounts2022-09-012023-08-310353660012022-09-012023-08-3103536600ns10:Director22022-09-012023-08-3103536600ns10:RegisteredOffice2022-09-012023-08-3103536600ns5:CurrentFinancialInstruments2023-08-3103536600ns5:CurrentFinancialInstruments2022-08-3103536600ns5:Non-currentFinancialInstruments2023-08-3103536600ns5:Non-currentFinancialInstruments2022-08-3103536600ns5:SharePremium2023-08-3103536600ns5:SharePremium2022-08-3103536600ns5:RevaluationReserve2023-08-3103536600ns5:RevaluationReserve2022-08-3103536600ns5:RetainedEarningsAccumulatedLosses2023-08-3103536600ns5:RetainedEarningsAccumulatedLosses2022-08-3103536600ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3103536600ns5:NetGoodwill2022-08-3103536600ns5:NetGoodwill2023-08-3103536600ns5:NetGoodwill2022-08-3103536600ns5:LandBuildings2022-08-3103536600ns5:LongLeaseholdAssetsns5:LandBuildings2022-08-3103536600ns5:FurnitureFittings2022-08-3103536600ns5:LandBuildings2022-09-012023-08-3103536600ns5:LongLeaseholdAssetsns5:LandBuildings2022-09-012023-08-3103536600ns5:FurnitureFittings2022-09-012023-08-3103536600ns5:LandBuildings2023-08-3103536600ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-3103536600ns5:FurnitureFittings2023-08-3103536600ns5:LandBuildings2022-08-3103536600ns5:LongLeaseholdAssetsns5:LandBuildings2022-08-3103536600ns5:FurnitureFittings2022-08-3103536600ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3103536600ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3103536600ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3103536600ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-3103536600ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3103536600ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-3103536600ns5:RevaluationReserve2022-08-31
REGISTERED NUMBER: 03536600 (England and Wales)















The Foundations For Learning Partnership
Limited

Financial Statements

for the Year Ended 31 August 2023






The Foundations For Learning Partnership
Limited (Registered number: 03536600)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Foundations For Learning Partnership
Limited

Company Information
for the year ended 31 August 2023







Directors: M H Brandon
D A Brandon





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 03536600 (England and Wales)






The Foundations For Learning Partnership
Limited (Registered number: 03536600)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 623,766 651,949
623,766 651,949

Current assets
Debtors 6 66,931 91,706
Cash at bank 7 19,724
66,938 111,430
Creditors
Amounts falling due within one year 7 623,191 548,085
Net current liabilities (556,253 ) (436,655 )
Total assets less current liabilities 67,513 215,294

Creditors
Amounts falling due after more than one
year

8

30,747

39,352
Net assets 36,766 175,942

Reserves
Share premium 418,042 418,042
Revaluation reserve 9 208,089 208,089
Retained earnings (589,365 ) (450,189 )
36,766 175,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Foundations For Learning Partnership
Limited (Registered number: 03536600)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:





D A Brandon - Director


The Foundations For Learning Partnership
Limited (Registered number: 03536600)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Statutory information

The Foundations For Learning Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for Nursery services
provided in the normal course of business .

Rental income is accounted for on a rent receivable basis

Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value
of net assets of the nursery business 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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:

Land and buildings - Freehold Land not depreciated
Permanent buildings - 2 % on cost per annum
Land and buildings Leasehold - 10 % on cost per annum
Fixtures & Fittings - 10% on cost per annum ( as part of an acquisition 10% - 25% )

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 profit or loss .

The Foundations For Learning Partnership
Limited (Registered number: 03536600)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading
projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity,
sufficient to meet the demands of the business including any capital and servicing obligations and external
debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

The directors have a reasonable expectation that the Company has adequate resources to continue in
operational existence for the foreseeable future and that there are no material uncertainties that lead to
significant doubts upon the Company's ability to continue as a going concern. Thus the directors have
continued to adopt the going concern basis of accounting in preparing these financial statements

3. Employees and directors

The average number of employees during the year was 30 (2022 - 34 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 September 2022
and 31 August 2023 266,000
Amortisation
At 1 September 2022
and 31 August 2023 266,000
Net book value
At 31 August 2023 -
At 31 August 2022 -

The Foundations For Learning Partnership
Limited (Registered number: 03536600)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


5. Tangible fixed assets
Fixtures
Freehold Long and
property leasehold fittings Totals
£ £ £ £
Cost
At 1 September 2022
and 31 August 2023 866,589 420,950 240,412 1,527,951
Depreciation
At 1 September 2022 234,453 401,137 240,412 876,002
Charge for year 8,370 19,813 - 28,183
At 31 August 2023 242,823 420,950 240,412 904,185
Net book value
At 31 August 2023 623,766 - - 623,766
At 31 August 2022 632,136 19,813 - 651,949

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 18,790 26,707
Other debtors 38,314 42,597
Prepayments and accrued income 9,827 22,402
66,931 91,706

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 15,318 -
Trade creditors 226,589 230,013
Social security and other taxes 26,393 14,821
Other creditors 204,235 188,147
Accruals and deferred income 150,656 115,104
623,191 548,085

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years 30,747 29,352
30,747 39,352

The Foundations For Learning Partnership
Limited (Registered number: 03536600)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


9. Reserves
Revaluation
reserve
£
At 1 September 2022
and 31 August 2023 208,089