Company registration number 03601522 (England and Wales)
THE FOREST EXPERIENCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
THE FOREST EXPERIENCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THE FOREST EXPERIENCE LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 1 -
31 January 2024
31 March 2023
Notes
£
£
£
£
Current assets
Debtors
3
507
167,873
Cash at bank and in hand
15
2
522
167,875
Creditors: amounts falling due within one year
4
(520)
(167,873)
Net current assets
2
2
Capital and reserves
-
-
Called up share capital
2
2

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 January 2024 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.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered 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 18 March 2024 and are signed on its behalf by:
J N Everitt
Director
Company registration number 03601522 (England and Wales)
THE FOREST EXPERIENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

The Forest Experience Limited is a private company limited by shares incorporated in England and Wales. The registered office is Enterprise Glade Bath Yard, Moira, Swadlincote, DE12 6BA. The company registration number is 03601522.

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 amounts 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 trade, assets and liabilities of the company were transferred to National Forest Enterprises Limited and the company will be struck off in due course. These financial statements have therefore been prepared on a basis other than that of going concern basis.true

 

The basis includes, where applicable, writing down the company's assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business such as costs of winding down the business (e.g. liquidation fees) unless such costs were committed at the reporting date such as the costs or redundancies as a constructive obligation was created at the reporting date.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Cash and cash equivalents

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. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Basic financial liabilities

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest method. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

THE FOREST EXPERIENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.7

Controlling party

The National Forest Company, a charitable company incorporated in England and Wales is the ultimate controlling party by virtue of its 100% shareholding.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
3
4
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
507
167,873
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
520
167,873
2024-01-312023-04-01false18 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityP A CoatesJ N EverittR J HuntM TraynorAmanda  Fletcherfalse036015222023-04-012024-01-31036015222024-01-31036015222023-03-3103601522core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3103601522core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3103601522core:ShareCapital2024-01-3103601522core:ShareCapital2023-03-3103601522bus:Director22023-04-012024-01-31036015222022-04-012023-03-3103601522core:WithinOneYear2024-01-3103601522core:WithinOneYear2023-03-3103601522core:CurrentFinancialInstruments2024-01-3103601522core:CurrentFinancialInstruments2023-03-3103601522bus:PrivateLimitedCompanyLtd2023-04-012024-01-3103601522bus:SmallCompaniesRegimeForAccounts2023-04-012024-01-3103601522bus:FRS1022023-04-012024-01-3103601522bus:AuditExemptWithAccountantsReport2023-04-012024-01-3103601522bus:Director12023-04-012024-01-3103601522bus:Director32023-04-012024-01-3103601522bus:Director42023-04-012024-01-3103601522bus:CompanySecretary12023-04-012024-01-3103601522bus:FullAccounts2023-04-012024-01-31xbrli:purexbrli:sharesiso4217:GBP