Company registration number 06445595 (England and Wales)
THE FOSTERING FOUNDATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THE FOSTERING FOUNDATION LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
THE FOSTERING FOUNDATION LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
23,952
30,482
Current assets
Debtors
6
1,690,187
1,733,025
Cash at bank and in hand
472,118
151,392
2,162,305
1,884,417
Creditors: amounts falling due within one year
7
(558,923)
(441,956)
Net current assets
1,603,382
1,442,461
Total assets less current liabilities
1,627,334
1,472,943
Creditors: amounts falling due after more than one year
8
(87,414)
(225,916)
Provisions for liabilities
(822)
-
0
Net assets
1,539,098
1,247,027
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
1,539,097
1,247,026
Total equity
1,539,098
1,247,027
THE FOSTERING FOUNDATION LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 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.

T he members have not required the company to obtain an audit of its financial statements for the year 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 June 2026 and are signed on its behalf by:
Mr Geoffrey Lewis
Director
Company registration No. 06445595
THE FOSTERING FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

The Fostering Foundation Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, EC1M 4JN.

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 a mounts 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
Turnover

Turnover represents revenue from the provision of foster care services which is recognised by reference to the number of days the young person has spent with approved foster carers registered with the company and it can be measured reliably with regard to approved and agreed rates. Where the outcome cannot be estimated reliably, revenue is only recognised to the extent of the expenses incurred that are recoverable.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Website Development Costs
Over 3 years
1.4
Tangible fixed assets

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 Leasehold
20% Straight line
Office & computer equipment
25% Reducing balance
Fixtures & fittings
25% Reducing balance

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 FOSTERING FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
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.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

THE FOSTERING FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
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.

1.9
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

THE FOSTERING FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
26
24
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025 and 31 December 2025
10,300
Amortisation and impairment
At 1 January 2025 and 31 December 2025
10,300
Carrying amount
At 31 December 2025
-
0
At 31 December 2024
-
0
THE FOSTERING FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
5
Tangible fixed assets
Land and buildings Leasehold
Office & computer equipment
Fixtures & fittings
Total
£
£
£
£
Cost
At 1 January 2025
18,920
72,240
3,448
94,608
Additions
-
0
2,580
-
0
2,580
At 31 December 2025
18,920
74,820
3,448
97,188
Depreciation and impairment
At 1 January 2025
7,568
53,863
2,695
64,126
Depreciation charged in the year
3,784
5,138
188
9,110
At 31 December 2025
11,352
59,001
2,883
73,236
Carrying amount
At 31 December 2025
7,568
15,819
565
23,952
At 31 December 2024
11,352
18,377
753
30,482
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
153,323
176,253
Amounts owed by group undertakings
1,489,753
1,515,943
Other debtors
47,111
40,829
1,690,187
1,733,025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
137,357
104,474
Trade creditors
14,277
21,505
Corporation tax
183,271
118,481
Other taxation and social security
19,348
27,736
Other creditors
204,670
169,760
558,923
441,956
THE FOSTERING FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
87,414
225,916

On 19 November 2020, the company received a loan of £709,150 from its bankers 'Barclays Bank PLC'. At the balance sheet date the outstanding balance is £224,732 (2024: £330,390). The loan is repayable over a 7 year period by instalments and carries an interest rate of Bank of England base rate + 3% per annum.

9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
6,359
48,354
10
Related party transactions

Amounts owed by group undertakings include an amount of £1,489,753 (2024: £1,515,943) owed by FF2020 Limited, a parent company.

11
Directors' transactions

Included within other creditors is an amount of £80,234 (2024: £234) owed to the directors. The loan is interest free and repayable on demand.

12
Parent company

The company is a wholly owned subsidiary undertaking of FF2020 Limited, a company registered in England and Wales under company number 12448910 and its registered office is 82 St John Street, London, United Kingdom, EC1M 4JN.

2025-12-31 2025-01-01 false false false 02 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr Geoffrey Lewis Mrs Sakina Khan Ms Margaret Kirwin Mrs Susan Pellegrotti Mr William James Bowen Lewis 06445595 2025-01-01 2025-12-31 06445595 2025-12-31 06445595 2024-12-31 06445595 core:LandBuildings 2025-12-31 06445595 core:PlantMachinery 2025-12-31 06445595 core:FurnitureFittings 2025-12-31 06445595 core:LandBuildings 2024-12-31 06445595 core:PlantMachinery 2024-12-31 06445595 core:FurnitureFittings 2024-12-31 06445595 core:WithinOneYear 2025-12-31 06445595 core:WithinOneYear 2024-12-31 06445595 core:AfterOneYear 2025-12-31 06445595 core:AfterOneYear 2024-12-31 06445595 core:CurrentFinancialInstruments 2025-12-31 06445595 core:CurrentFinancialInstruments 2024-12-31 06445595 core:ShareCapital 2025-12-31 06445595 core:ShareCapital 2024-12-31 06445595 core:RetainedEarningsAccumulatedLosses 2025-12-31 06445595 core:RetainedEarningsAccumulatedLosses 2024-12-31 06445595 bus:Director1 2025-01-01 2025-12-31 06445595 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 06445595 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 06445595 core:LandBuildings core:LongLeaseholdAssets 2025-01-01 2025-12-31 06445595 core:PlantMachinery 2025-01-01 2025-12-31 06445595 core:FurnitureFittings 2025-01-01 2025-12-31 06445595 2024-01-01 2024-12-31 06445595 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 06445595 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-12-31 06445595 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 06445595 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-31 06445595 core:PlantMachinery 2024-12-31 06445595 core:FurnitureFittings 2024-12-31 06445595 2024-12-31 06445595 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-12-31 06445595 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 06445595 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 06445595 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06445595 core:Non-currentFinancialInstruments 2025-12-31 06445595 core:Non-currentFinancialInstruments 2024-12-31 06445595 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 06445595 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 06445595 bus:FRS102 2025-01-01 2025-12-31 06445595 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 06445595 bus:Director2 2025-01-01 2025-12-31 06445595 bus:Director3 2025-01-01 2025-12-31 06445595 bus:Director4 2025-01-01 2025-12-31 06445595 bus:Director5 2025-01-01 2025-12-31 06445595 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP