Forster Hill Ltd 11943656 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true 11943656 2022-05-01 2023-04-30 11943656 2023-04-30 11943656 core:RetainedEarningsAccumulatedLosses 2023-04-30 11943656 core:ShareCapital 2023-04-30 11943656 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11943656 core:Non-currentFinancialInstruments 2023-04-30 11943656 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 11943656 bus:SmallEntities 2022-05-01 2023-04-30 11943656 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 11943656 bus:FullAccounts 2022-05-01 2023-04-30 11943656 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 11943656 bus:RegisteredOffice 2022-05-01 2023-04-30 11943656 bus:Director1 2022-05-01 2023-04-30 11943656 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11943656 countries:England 2022-05-01 2023-04-30 11943656 2021-05-01 2022-04-30 11943656 2022-04-30 11943656 core:RetainedEarningsAccumulatedLosses 2022-04-30 11943656 core:ShareCapital 2022-04-30 11943656 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 11943656 core:Non-currentFinancialInstruments 2022-04-30 11943656 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 11943656

Forster Hill Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Forster Hill Ltd

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Forster Hill Ltd

Registration number: 11943656

Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

296,165

296,165

Debtors

-

120

Cash at bank and in hand

 

41,111

20,404

 

337,276

316,689

Creditors: Amounts falling due within one year

5

(223,792)

(206,565)

Total assets less current liabilities

 

113,484

110,124

Creditors: Amounts falling due after more than one year

5

(101,322)

(103,647)

Net assets

 

12,162

6,477

Capital and reserves

 

Called up share capital

10

10

Profit and loss account

12,152

6,467

Total equity

 

12,162

6,477



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

Forster Hill Ltd

Registration number: 11943656

Balance Sheet as at 30 April 2023 (continued)

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 October 2023
 


D Forster
Director

 

Forster Hill Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
77 Grove Avenue
New Costessey
Norwich
NR5 0JA
England

These financial statements were authorised for issue by the director on 11 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Forster Hill Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Stocks

2023
£

2022
£

Other inventories

296,165

296,165

 

Forster Hill Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Directors loans

208,656

204,417

Taxation and social security

 

1,033

1,146

Other creditors

 

14,103

1,002

 

223,792

206,565

Due after one year

 

Loans and borrowings

7

101,322

103,647

 

Forster Hill Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

5

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

101,322

103,647

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

         

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

101,322

103,647