IRIS Accounts Production v23.4.0.336 05204129 Board of Directors 1.7.22 30.6.23 30.6.23 3.4.2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052041292022-06-30052041292023-06-30052041292022-07-012023-06-30052041292020-12-31052041292021-01-012022-06-30052041292022-06-3005204129ns15:EnglandWales2022-07-012023-06-3005204129ns14:PoundSterling2022-07-012023-06-3005204129ns10:Director12022-07-012023-06-3005204129ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3005204129ns10:SmallEntities2022-07-012023-06-3005204129ns10:Audited2022-07-012023-06-3005204129ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3005204129ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3005204129ns10:FullAccounts2022-07-012023-06-3005204129ns10:Director22022-07-012023-06-3005204129ns10:Director32022-07-012023-06-3005204129ns10:CompanySecretary12022-07-012023-06-3005204129ns10:RegisteredOffice2022-07-012023-06-3005204129ns5:CurrentFinancialInstruments2023-06-3005204129ns5:CurrentFinancialInstruments2022-06-3005204129ns5:ShareCapital2023-06-3005204129ns5:ShareCapital2022-06-3005204129ns5:RetainedEarningsAccumulatedLosses2023-06-3005204129ns5:RetainedEarningsAccumulatedLosses2022-06-300520412912022-07-012023-06-3005204129ns5:FurnitureFittings2022-07-012023-06-3005204129ns5:ComputerEquipment2022-07-012023-06-3005204129ns5:FurnitureFittings2023-06-3005204129ns5:ComputerEquipment2023-06-3005204129ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3005204129ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-300520412912022-07-012023-06-30
REGISTERED NUMBER: 05204129 (England and Wales)



FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

FORREST NURSERIES LIMITED

FORREST NURSERIES LIMITED (REGISTERED NUMBER: 05204129)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FORREST NURSERIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: R G Forrest
S N Forrest
D M Smith



SECRETARY: S N Forrest



REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT



REGISTERED NUMBER: 05204129 (England and Wales)



AUDITORS: Xeinadin Audit Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH



BUSINESS ADDRESS: The Old Library
Coptfold Road
Brentwood
Essex
CM14 4BN

FORREST NURSERIES LIMITED (REGISTERED NUMBER: 05204129)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,178 -

CURRENT ASSETS
Debtors 6 113,173 138,928
Cash at bank 14,395 105,401
127,568 244,329
CREDITORS
Amounts falling due within one year 7 61,360 37,879
NET CURRENT ASSETS 66,208 206,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,386

206,450

CAPITAL AND RESERVES
Called up share capital 8 286,000 286,000
Retained earnings (215,614 ) (79,550 )
SHAREHOLDERS' FUNDS 70,386 206,450

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 3 April 2024 and were signed on its behalf by:





S N Forrest - Director


FORREST NURSERIES LIMITED (REGISTERED NUMBER: 05204129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Forrest Nurseries 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Amounts are rounded to the nearest Pound Sterling (£).

The financial statements contain information about Forrest Nurseries Limited as an individual Company. Forrest Nurseries Limited is a subsidiary of R&S Forrest Holdings Limited, a Company registered in England and Wales.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
Uncertainties exist in relation to the interpretation of complex tax legislation and changes in tax laws. At the balance sheet date, tax liabilities and assets are based on management's judgements around the application of the tax regulations. A provision is made for the best estimate of any additional liability only when it is assessed to be probable that an economic outflow will arise.

Turnover
Turnover represents fees received from customers for nursery care and is recognised at the point the company performs the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares.


FORREST NURSERIES LIMITED (REGISTERED NUMBER: 05204129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax expected to be payable or receivable on the taxable profit or loss for the current year using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Where appropriate this amount is then amended for any adjustments in respect of prior periods

Current or deferred taxation assets and liabilities are not discounted.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 the income statement in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 19 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 2,838 2,702 5,540
At 30 June 2023 2,838 2,702 5,540
DEPRECIATION
Charge for year 462 900 1,362
At 30 June 2023 462 900 1,362
NET BOOK VALUE
At 30 June 2023 2,376 1,802 4,178

FORREST NURSERIES LIMITED (REGISTERED NUMBER: 05204129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,541 -
Amounts owed by group undertakings 100,000 136,805
Tax - 551
Prepayments and accrued income 4,632 1,572
113,173 138,928

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,140 -
Amounts owed to group undertakings 6,800 -
Tax 13,704 35,035
Social security and other taxes 3,942 -
Other creditors 29,833 1,985
Accruals 4,941 859
61,360 37,879

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.20 31.12.19
value: £ £
155,750 Ordinary A £1 155,750 155,750
130,200 Ordinary B £1 130,200 130,200
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
286,000 286,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Medcalf ACA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separate from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Contributions payable to the fund at the year end by the company and included in other creditors are £476 (2022: £269).

2023 2022
£ £

Contributions payable by the company for the year1,2374,390

FORREST NURSERIES LIMITED (REGISTERED NUMBER: 05204129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

11. CONTINGENT LIABILITIES

The company is party to a cross guarantee and debenture in respect of bank borrowings of the group. At the balance sheet date the bank borrowings of the group amounted to £5,162,873.

12. POST BALANCE SHEET EVENTS

On 21 November 2023 the directors took the decision to close the nursery and the parent company sold the business premises. For any children in attendance at the time, alternative placements were made available at a nearby nursery operated by another group company and Forrest Nurseries Limited ceased to trade.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Forrest.

R&S Forrest Holdings Limited is regarded by the directors as being the company's ultimate parent company.

The largest and smallest group in which the results of this company are consolidated is R&S Forrest Holdings Limited. These financial statements are publicly available and can be obtained from the registered office of Forrest Nurseries Limited as the companies share the same registered office address.