THE FOREST PODIATRY AND PHYSIOTHERAPY CLINIC LIMITED


Directors	C J Gillingham
	J C Gillingham


Registered Address	1 The Parade
	Southampton Road
	Cadnam
	SO40 2NG


Registered Number	07184949 (England and Wales)

Notes to the Financial Statements
for the year ended 28 February 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be twenty years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	5
	Fixtures and fittings	5

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	4		4

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 March 25	74,665	74,665
At 28 February 26	74,665	74,665
Amortisation and impairment
At 01 March 25	55,686	55,686
Charge for year	3,733	3,733
At 28 February 26	59,419	59,419
Net book value
At 28 February 26	15,246	15,246
At 28 February 25	18,979	18,979

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 March 25	18,518	67,022	2,826	-	88,366
Additions	660	1,399	-	2,794	4,853
At 28 February 26	19,178	68,421	2,826	2,794	93,219
Depreciation and impairment
At 01 March 25	15,844	58,912	188	-	74,944
Charge for year	321	6,456	565	233	7,575
At 28 February 26	16,165	65,368	753	233	82,519
Net book value
At 28 February 26	3,013	3,053	2,073	2,561	10,700
At 28 February 25	2,674	8,110	2,638	-	13,422

6.	Stocks

	2026	2025
	£	£
Other stocks	10,000	11,507
Total	10,000	11,507

7.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	290	-
Amounts owed by group undertakings	136,436	129,445
Other debtors	1,061	4,679
Prepayments and accrued income	797	835
Total	138,584	134,959

8.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	2,773	17,197
Bank borrowings and overdrafts	18,693	23,214
Taxation and social security	9,238	8,683
Other creditors	2,564	1,819
Accrued liabilities and deferred income	12,146	13,814
Total	45,414	64,727

9.	Creditors: amounts due after one year

10.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	6,486	8,100
Total	6,486	8,100

11.	Operating lease commitments
	At 28th February 2026 (Company year end), the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £24,000 due in less than one year and £72,000 due in more than one year. (2025 – £24,000 less than one year and £96,000 due in more than one year.)

12.	Parent-subsidiary relationships
	The company is a wholly owned subsidiary of New Milton Foot Clinic Limited whose registered office and principal place of trading is at Parkland Place 39-41 Old Milton Road New Milton Hampshire BH25 6DJ The Company has opted not to produce group accounts.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	4		15,246		18,979
Tangible assets	5		10,700		13,422
			25,946		32,401
Current assets
Stocks	6	10,000		11,507
Debtors	7	138,584		134,959
Cash at bank and on hand		5,236		841
		153,820		147,307
Creditors amounts falling due within one year	8	(45,414)		(64,727)
Net current assets (liabilities)			108,406		82,580
Total assets less current liabilities			134,352		114,981
Provisions for liabilities	10		(6,486)		(8,100)
Net assets			127,866		106,881
Capital and reserves
Called up share capital			100		100
Profit and loss account			127,766		106,781
Shareholders' funds			127,866		106,881