Company Registration No. 04977195 (England and Wales)
PENNIES FOREST SCHOOLS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
PENNIES FOREST SCHOOLS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PENNIES FOREST SCHOOLS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Cash at bank and in hand
2
2
Creditors: amounts falling due within one year
3
(8,518)
(8,502)
Net current liabilities
(8,516)
(8,500)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(8,518)
(8,502)
Total equity
(8,516)
(8,500)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2021 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 member has 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 financial statements were approved by the board of directors and authorised for issue on 14 February 2022 and are signed on its behalf by:
Mr P Scotton
Director
Company Registration No. 04977195
PENNIES FOREST SCHOOLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 2 -
1
Accounting policies
Company information
Pennies Forest Schools Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Newnham Court Shopping Village, Bearsted Road, Maidstone, Kent, United Kingdom, ME14 5LH.
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
.
1.2
Financial instruments
Basic financial liabilities
Basic financial liabilities, including 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
3
4
3
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
8,518
8,502
4
Related party transactions
At the year end, the company owed £8,518 (2020 - £8,502) to Penniesworld Limited, the ultimate parent company.
PENNIES FOREST SCHOOLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 3 -
5
Parent company
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.