DD1 has just finished nursery, and they gave me a folder with little ticks next to what she can do - ie 'can count to five independently', and I know for a fact that they are lower than reality - ie she counts to twenty easily when playing games etc, and to 100 with prompting, but they have her as only counting to five when prompted. She loved the nursery, dd2 is still there, and I don't see nursery as a formal learning environment anyway, so am inclined to just smile and nod.
However, it has just occured to me that they pass the reports on to school - does it matter at all? I suppose either way, all children of this age will change hugely over the summer anyway, right?