REGISTERED NUMBER: 03536600 (England and Wales)

THE FOUNDATIONS FOR LEARNING PARTNERSHIP

LIMITED

Financial Statements

for the period

1 September 2023 to 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

M H Brandon

A D Jepson

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Registered number:

03536600 (England and Wales)

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

148,075

623,766

148,075

623,766

Current assets

Debtors

6

39,188

66,931

Cash at bank

31,580

7

70,768

66,938

Creditors

Amounts falling due within one year

7

(617,042

)

(623,191

)

Net current liabilities

(546,274

)

(556,253

)

Total assets less current liabilities

(398,199

)

67,513

Creditors

Amounts falling due after more than one year

8

-

(30,747

)

Net (liabilities)/assets

(398,199

)

36,766

Reserves

Share premium

418,042

418,042

Revaluation reserve

9

-

208,089

Retained earnings

(816,241

)

(589,365

)

(398,199

)

36,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:

A D Jepson - Director

1.	Statutory information

The Foundations For Learning Partnership 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.

2.	Accounting policies

Basis of preparing the financial statements

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

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for Nursery services

provided in the normal course of business .

Rental income is accounted for on a rent receivable basis

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value

of net assets of the nursery business acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to

benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for

impairment at least annually, or more frequently when there is an indication that the unit may be impaired.

If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the

impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and

then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Tangible fixed assets

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

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 - Freehold Land not depreciated

Permanent buildings - 2 % on cost per annum

Land and buildings Leasehold - 10 % on cost per annum

Fixtures & Fittings - 10% on cost per annum ( as part of an acquisition 10% - 25% )

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 .

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.

Going concern

During the period under review the Managing Director Deborah Brandon fell ill and died suddenly and unexpectedly.

As there were no replacements trading has now ceased.

The company is insolvent and therefore the accounts values have been written down to the realisable values for the purposes of these accounts.

3.	Employees and directors

The average number of employees during the period was NIL (2023 - 30 ).

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 September 2023

and 31 December 2024

266,000

Amortisation

At 1 September 2023

and 31 December 2024

266,000

Net book value

At 31 December 2024

-

At 31 August 2023

-

5.	Tangible fixed assets

Fixtures

Freehold

Long

and

property

leasehold

fittings

Totals

£

£

£

£

Cost

At 1 September 2023

866,589

420,950

240,412

1,527,951

Disposals

(620,089

)

-

-

(620,089

)

At 31 December 2024

246,500

420,950

240,412

907,862

Depreciation

At 1 September 2023

242,823

420,950

240,412

904,185

Eliminated on disposal

(144,398

)

-

-

(144,398

)

At 31 December 2024

98,425

420,950

240,412

759,787

Net book value

At 31 December 2024

148,075

-

-

148,075

At 31 August 2023

623,766

-

-

623,766

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

39,188

18,790

Other debtors

-

38,314

Prepayments and accrued income

-

9,827

39,188

66,931

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

-

15,318

Trade creditors

190,851

226,589

Social security and other taxes

20,185

26,393

Other creditors

186,922

204,235

Accruals and deferred income

219,084

150,656

617,042

623,191

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 2-5 years

-

30,747

9.

Reserves

Revaluation

reserve

£

At 1 September 2023

208,089

Movement in year

(208,089

)

At 31 December 2024

-