Pennies Forest Schools Limited

(Registration number: 04977195)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	69,017
Current assets
Stocks		-	277
Debtors	5	-	1,600
Cash at bank and in hand		31	102
		31	1,979
Creditors: Amounts falling due within one year	6	(108,271)	(117,587)
Net current liabilities		(108,240)	(115,608)
Net liabilities		(108,240)	(46,591)
Capital and reserves
Called up share capital		2	2
Retained earnings		(108,242)	(46,593)
Shareholders' deficit		(108,240)	(46,591)

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

P G Scotton Director

Pennies Forest Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Statutory information

Pennies Forest Schools 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.

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and equipment - 25% on reducing balance

Assets under construction are accounted for at cost and represent improvements to buildings. They are not depreciated until the accounting period in which they are brought into use.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Pennies Forest Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Properties under construction  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	-	76,148	76,148
Disposals	-	(76,148)	(76,148)
At 31 March 2025	-	-	-
Depreciation
At 1 April 2024	-	7,131	7,131
Eliminated on disposal	-	(7,131)	(7,131)
At 31 March 2025	-	-	-
Carrying amount
At 31 March 2025	-	-	-
At 31 March 2024	-	69,017	69,017

5

Debtors

Current	2025 £	2024 £
Other debtors	-	1,600
	-	1,600

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Amounts owed to group undertakings	7	108,271	116,974
Other creditors		-	613
		108,271	117,587

7	Related party transactions

At the year end, the company owed £108,271 (2024 - £116,974) to Pennies Day Nursery Limited, the immediate parent company.

Pennies Forest Schools Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8	Parent and ultimate parent undertaking

The parent company is Pennies Day Nursery Limited which is a subsidiary of Penniesworld Limited, the ultimate parent undertaking.

The registered office of Penniesworld Limited is Newnham Court Shopping Village, Bearsted Road Maidstone, Kent, ME14 5LH.