Fostering Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Fostering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09328306 . The registered office and principal place of business is B2 Pittman Court Pittman Way, Fulwood, Preston, PR2 9ZG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable for services provided.

Rendering of services

Turnover represents income earned from the company’s activities from the provision of care for looked after children, including daily placements with a foster carer. Turnover is recognised when the company satisfies its performance obligations by providing the agreed services.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

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.

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

2.4. Investment Properties

Investment property is shown at most recent valuation which is the equivalent of the cost price. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

2.5. Leasing and Hire Purchase Contracts

Assets that are held by the Company under leases which transfer to the Company substantially all the risks and

rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially

all the risks and rewards of ownership to the company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the

inception of lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to

the lessor is in the statements of financial position as a finance lease obligation. Lease payments are apportioned

between the included finance expenses and reduction of the lease obligation so as to achieve a constant rate of

interest on the remaining balance of the liability, finance expenses are recognised immediately in profit or loss,

unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the

Company's policy on borrowing costs .Contingent rentals are recognised as expenses in the periods in which they

are incurred.

Operating lease payments are recognised as an expense on straight-line basis over the lease term, except where

another systematic basis is more representative of the time pattern in which economic benefits from the leased

asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period

in which they are incurred.

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Fostering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Trade and other debtors

Trade and other debtors are initially recognised at fair value and therefore stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except for where the effect of discounting would be considered immaterial, in which case they are stated at cost less impairment losses for bad and doubtful debts.

2.9. Trade and other creditors

Trade and other creditors are initially recognised at fair value and therefore stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

2.10. Cash and cash equivalents

Cash and cash equivalents comprise of cash at bank and in hand. Bank borrowings are included within creditors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 11)

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Fostering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Land & Property
	Freehold	Investment Properties	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 December 2024	-	223,183	18,206	17,204	258,593
Additions	-	-	-	1,457	1,457
Transfers	223,183	(223,183 )	-	-	-

As at 30 November 2025	223,183	-	18,206	18,661	260,050

Depreciation
As at 1 December 2024	-	-	12,287	14,872	27,159
Provided during the period	4,464	-	1,973	1,218	7,655

As at 30 November 2025	4,464	-	14,260	16,090	34,814

Net Book Value
As at 30 November 2025	218,719	-	3,946	2,571	225,236

As at 1 December 2024	-	223,183	5,919	2,332	231,434

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	213,546	173,500
Other debtors	154,185	23,849

	367,731	197,349
Due after more than one year
Other debtors	45,338	-

	413,069	197,349

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,998	9,303
Bank loans and overdrafts	60,000	60,000
Other creditors	11,341	7,288
Taxation and social security	127,392	40,395

	207,731	116,986

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	30,000	90,000

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Fostering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	90,000		150,000

9. Share Capital

	2025	2024
Allotted, called up but not fully paid	£	£
100 Ordinary Shares of £ 0.02 each	2	2

10. Other Commitments

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

	2025	2024
	£	£
Not later than one year	48,931	55,223
Later than one year and not later than five years	64,947	23,005

	113,878	78,228

Operating lease contracts are secured against the assets to which they relate to.

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mrs Caroline Larkin	19,413	34,530	37,500	-	16,443

The above loans are unsecured and repayable on demand; the company has charged interest on account of 2.25%.

There is also a joint directors loan owing to the company of £137,358 relating to amounts advanced as part of shareholding acquisition; the company has also charged interest on account of 2.25% as well as S455 tax being accounted for.

12. Related Party Transactions

During the year, the company undertook the following transactions with companies under common control:

2025 2024

£ £

Rent 7,000 1,000

Advertising 120 240

Included in other creditors, is a balance of £10,000 (2024 - £NIL) owed to a company under common control. The balance relates to an interest free loan account. The company also owed £NIL (2024 - £1,600) at the reporting date in relation to the above transactions with the balance included within trade creditors.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		225,236		231,434

			225,236		231,434
CURRENT ASSETS
Debtors	5	413,069		197,349
Cash at bank and in hand		83,083		146,450

		496,152		343,799
Creditors: Amounts Falling Due Within One Year	6	(207,731 )		(116,986 )

NET CURRENT ASSETS (LIABILITIES)			288,421		226,813

TOTAL ASSETS LESS CURRENT LIABILITIES			513,657		458,247

Creditors: Amounts Falling Due After More Than One Year	7		(30,000 )		(90,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,629 )		(2,063 )

NET ASSETS			482,028		366,184

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			482,026		366,182

SHAREHOLDERS' FUNDS			482,028		366,184