Forester MacLean Limited 31/03/2025 iXBRL

Forester MacLean Limited

Filleted accounts

31 March 2025

Company registration number: 01031927

Forester MacLean Limited

Directors and other information


	Director	M G Burt


	Secretary	D Porter


	Company number	01031927


	Registered office	The Old Dairy
		12 Stephen Road
		Headington
		Oxford
		OX3 9AY


	Accountants	Cox Hinkins & Co. Limited
		Accountants and Taxation Advisors
		The Old Dairy
		12 Stephen Road
		Headington
		Oxford
		OX3 9AY

Forester MacLean Limited

Balance sheet

31st March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	50,483		30,034
Investments	6	1,950,100		1,700,100
		_______		_______
			2,000,583		1,730,134

Current assets
Debtors	7	1,654,064		1,744,503
Cash at bank and in hand		104,079		47,302
		_______		_______
		1,758,143		1,791,805
Creditors: amounts falling due
within one year	8	( 285,497)		( 234,064)
		_______		_______
Net current assets			1,472,646		1,557,741
			_______		_______
Total assets less current liabilities			3,473,229		3,287,875

Creditors: amounts falling due
after more than one year	9		( 1,708,194)		( 1,552,194)

Provisions for liabilities	10		( 9,546)		-

			_______		_______
Net assets			1,755,489		1,735,681
			_______		_______

Capital and reserves
Called up share capital	12		100		100
Capital redemption reserve			100,000		100,000
Profit and loss account			1,655,389		1,635,581
			_______		_______
Shareholders funds			1,755,489		1,735,681
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

M G Burt

Director

Company registration number: 01031927

Forester MacLean Limited

Notes to the financial statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be the provision of business consultancy and support services .

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	20 %	straight line
Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: Nil).

5. Tangible assets

	Short leasehold property	Equipment	Total
	£	£	£
Cost
At 1st April 2024	4,456	43,298	47,754
Additions	-	33,693	33,693
	_______	_______	_______
At 31st March 2025	4,456	76,991	81,447
	_______	_______	_______
Depreciation
At 1st April 2024	3,119	14,601	17,720
Charge for the year	891	12,353	13,244
	_______	_______	_______
At 31st March 2025	4,010	26,954	30,964
	_______	_______	_______
Carrying amount
At 31st March 2025	446	50,037	50,483
	_______	_______	_______
At 31st March 2024	1,337	28,697	30,034
	_______	_______	_______

6. Investments

	Shares in group undertakings and participating interests	Other investments other than loans	Total
	£	£	£
Cost
At 1st April 2024	450,100	1,250,000	1,700,100
Additions	-	250,000	250,000
	_______	_______	_______
At 31st March 2025	450,100	1,500,000	1,950,100
	_______	_______	_______
Impairment
At 1st April 2024 and 31st March 2025	-	-	-
	_______	_______	_______
Carrying amount
At 31st March 2025	450,100	1,500,000	1,950,100
	_______	_______	_______
At 31st March 2024	450,100	1,250,000	1,700,100
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Other debtors	1,654,064	1,744,503
	_______	_______

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	843,750	843,750
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loan	10,000	10,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest	115,000	35,000
Social security and other taxes	2,191	1,609
Other creditors	158,306	187,455
	_______	_______
	285,497	234,064
	_______	_______

Other creditors include £100,000 (2024: £100,000) which is owed to the director and subordinated in favour of third party creditors.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loan	1,667	11,667
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,100	10,100
Other creditors	1,696,427	1,530,427
	_______	_______
	1,708,194	1,552,194
	_______	_______

Other creditors include £1,627,692 (2024: £1,454,192) which is owed to the director and subordinated in favour of third party creditors.

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1st April 2024	-	-
Additions	9,546	9,546
	_______	_______
At 31st March 2025	9,546	9,546
	_______	_______

11. Deferred tax

The deferred tax included in the Balance sheet is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	9,546	-
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	9,546	-
	_______	_______

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 0.25 each	400	100	400	100
	_______	_______	_______	_______

13. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	38,288	38,288
Later than 1 year and not later than 5 years	1,154	39,442
	_______	_______
	39,442	77,730
	_______	_______

14. Controlling party

The company is under the control of M G Burt who owns 100% of the issued share capital.