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REGISTERED NUMBER: 11303397 (England and Wales)























Unaudited Financial Statements

for the Year Ended 5 April 2023

for

Forton Business Park Ltd

Forton Business Park Ltd (Registered number: 11303397)

Contents of the Financial Statements
for the Year Ended 5 April 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Forton Business Park Ltd

Company Information
for the Year Ended 5 April 2023







DIRECTORS: Mrs J D Collinson
Mr I Collinson
Mr D J Collinson





REGISTERED OFFICE: Nateby Works
Longmoor Lane
Preston
Lancs
PR3 0JB





REGISTERED NUMBER: 11303397 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Forton Business Park Ltd (Registered number: 11303397)

Statement of Financial Position
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 435 544
Investment property 5 806,622 806,622
807,057 807,166

CURRENT ASSETS
Debtors 6 15,855 12,511
Cash at bank 211,077 157,074
226,932 169,585
CREDITORS
Amounts falling due within one year 7 865,574 859,719
NET CURRENT LIABILITIES (638,642 ) (690,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,415

117,032

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 168,115 116,732
SHAREHOLDERS' FUNDS 168,415 117,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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.

Forton Business Park Ltd (Registered number: 11303397)

Statement of Financial Position - continued
5 April 2023


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 6 October 2023 and were signed on its behalf by:




Mrs J D Collinson - Director



Mr D J Collinson - Director


Forton Business Park Ltd (Registered number: 11303397)

Notes to the Financial Statements
for the Year Ended 5 April 2023


1. STATUTORY INFORMATION

Forton Business Park Ltd 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
The investment property has been shown at the fair value at the period end. Any aggregate surplus or deficit arising from the changes in the fair value is recognised in the profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2022
and 5 April 2023 1,123
DEPRECIATION
At 6 April 2022 579
Charge for year 109
At 5 April 2023 688
NET BOOK VALUE
At 5 April 2023 435
At 5 April 2022 544

Forton Business Park Ltd (Registered number: 11303397)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022
and 5 April 2023 806,622
NET BOOK VALUE
At 5 April 2023 806,622
At 5 April 2022 806,622

The director has conducted a review of the property valuations at the year end date and has concluded that they are still held at cost price. A further review will be carried out each year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade debtors 15,855 11,834
Other debtors - 677
15,855 12,511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Tax 12,096 8,376
Directors' loan accounts 844,916 844,916
Accruals and deferred income 7,562 5,427
Accrued expenses 1,000 1,000
865,574 859,719

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed £844,916 to the directors at the year end. No interest has been charged on these loans and are repayable on demand.