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REGISTERED NUMBER: 09620261 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Forever Boomtown Limited

Forever Boomtown Limited (Registered number: 09620261)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forever Boomtown Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: E W Maxwell





REGISTERED OFFICE: Ground Floor, The Old Barn
Lady Farm
Chelwood
Bristol
BS39 4NN





REGISTERED NUMBER: 09620261 (England and Wales)





ACCOUNTANTS: Underwood Lamb Professional Services Ltd
Ground Floor, The Old Barn
Lady Farm
Chelwood
Bristol
BS39 4NN

Forever Boomtown Limited (Registered number: 09620261)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 142,110 142,110

CURRENT ASSETS
Cash at bank 30,087 24,839

CREDITORS
Amounts falling due within one year 5 7,451 7,033
NET CURRENT ASSETS 22,636 17,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,746

159,916

CREDITORS
Amounts falling due after more than one
year

6

124,757

127,196
NET ASSETS 39,989 32,720

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,889 32,620
SHAREHOLDERS' FUNDS 39,989 32,720

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Forever Boomtown Limited (Registered number: 09620261)

Balance Sheet - continued
31 March 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 director and authorised for issue on 31 October 2023 and were signed by:





E W Maxwell - Director


Forever Boomtown Limited (Registered number: 09620261)

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

1. STATUTORY INFORMATION

Forever Boomtown Limited 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The investment property is considered to have remained at the same value and therefore has not been revalued.

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 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY

The investment property is considered to have remained at the same value and therefore has not been revalued.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 1,705 1,299
Other creditors 746 734
7,451 7,033

Forever Boomtown Limited (Registered number: 09620261)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 43,616 48,418
Other creditors 81,141 78,778
124,757 127,196

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,616 28,418

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 48,616 53,418

The bank borrowings are secured by a charge over the company's investment property.

8. RELATED PARTY DISCLOSURES

A loan from Ed Max Holdings Ltd, a company under the common control and ownership of the director existed throughout the year. The balance owed by the company at 31.03.23 was £81,141 including interest to date. Interest at 3% in the sum of £2,363 accrued during the period to 31.03.23.