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REGISTERED NUMBER: 05346154 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Foster Lomas Ltd

Foster Lomas Ltd (Registered number: 05346154)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foster Lomas Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: W Foster
G A Lomas





SECRETARY: G A Lomas





REGISTERED OFFICE: Unit 1
14 Weller Street
London
SE1 1QU





REGISTERED NUMBER: 05346154 (England and Wales)





ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA

Foster Lomas Ltd (Registered number: 05346154)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 700,001 700,001
700,001 700,001

CURRENT ASSETS
Debtors 6 75,195 38,915
Cash at bank and in hand 1,572 176
76,767 39,091
CREDITORS
Amounts falling due within one year 7 101,138 81,208
NET CURRENT LIABILITIES (24,371 ) (42,117 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

675,630

657,884

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 675,628 657,882
SHAREHOLDERS' FUNDS 675,630 657,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Foster Lomas Ltd (Registered number: 05346154)

Balance Sheet - continued
31 January 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 24 October 2023 and were signed on its behalf by:





G A Lomas - Director


Foster Lomas Ltd (Registered number: 05346154)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Foster Lomas 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Foster Lomas Ltd (Registered number: 05346154)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 2,400
AMORTISATION
At 1 February 2022
and 31 January 2023 2,400
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 February 2022
and 31 January 2023 700,000 15,260 10,131
DEPRECIATION
At 1 February 2022
and 31 January 2023 - 15,259 10,131
NET BOOK VALUE
At 31 January 2023 700,000 1 -
At 31 January 2022 700,000 1 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2022
and 31 January 2023 3,320 26,482 755,193
DEPRECIATION
At 1 February 2022
and 31 January 2023 3,320 26,482 55,192
NET BOOK VALUE
At 31 January 2023 - - 700,001
At 31 January 2022 - - 700,001

Foster Lomas Ltd (Registered number: 05346154)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2018 700,000 - -
Cost - 15,260 10,131
700,000 15,260 10,131

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2018 - - 700,000
Cost 3,320 26,482 55,193
3,320 26,482 755,193

If the freehold property had not been revalued they would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 260,495 260,495
Aggregate depreciation 16,802 16,802

Value of land in freehold land and buildings 700,000 700,000

Freehold property were valued on current market trends basis on 28 November 2017 by Kalmars .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 72,000 36,000
Amounts owed by group undertakings 3,195 2,915
75,195 38,915

Foster Lomas Ltd (Registered number: 05346154)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts (see note 8) - 1,153
Trade creditors 2,307 284
Amounts owed to group undertakings 86,298 68,526
Tax 3,021 209
VAT 8,781 9,753
Credit card (552 ) -
Directors' current accounts 1,283 1,283
101,138 81,208

8. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 1,153

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 February 2022 657,882
Profit for the year 17,746
At 31 January 2023 675,628