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REGISTERED NUMBER: 10884773 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

FORWARD INVESTMENTS 2017 LIMITED

FORWARD INVESTMENTS 2017 LIMITED (REGISTERED NUMBER: 10884773)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FORWARD INVESTMENTS 2017 LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J D Grove
Ms I O de Koning





REGISTERED OFFICE: The Old Bank
14 Bank Street
Lutterworth
Leicestershire
LE17 4AJ





REGISTERED NUMBER: 10884773 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

FORWARD INVESTMENTS 2017 LIMITED (REGISTERED NUMBER: 10884773)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 334,475 336,047
Investments 6 178,057 2,045,399
512,532 2,381,446

CURRENT ASSETS
Debtors 7 4,166 961,039
Cash at bank and in hand 1,774,494 2,360,350
1,778,660 3,321,389
CREDITORS
Amounts falling due within one year 8 (6,440 ) (31,156 )
NET CURRENT ASSETS 1,772,220 3,290,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,284,752

5,671,679

CAPITAL AND RESERVES
Called up share capital 7 5
Retained earnings 2,284,745 5,671,674
SHAREHOLDERS' FUNDS 2,284,752 5,671,679

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 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.

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 14 November 2023 and were signed on its behalf by:



J D Grove - Director


FORWARD INVESTMENTS 2017 LIMITED (REGISTERED NUMBER: 10884773)

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


1. STATUTORY INFORMATION

Forward Investments 2017 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Depreciation on freehold property
No depreciaiton is provisided on the company's freehold property as its net realisable value is expected to exceed its cost and its useful economic life is considered to be indefinite.

FORWARD INVESTMENTS 2017 LIMITED (REGISTERED NUMBER: 10884773)

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 333,904 16,237 350,141
Additions - 458 458
At 31 March 2023 333,904 16,695 350,599
DEPRECIATION
At 1 April 2022 - 14,094 14,094
Charge for year - 2,030 2,030
At 31 March 2023 - 16,124 16,124
NET BOOK VALUE
At 31 March 2023 333,904 571 334,475
At 31 March 2022 333,904 2,143 336,047

6. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Participating interests 150,001 150,001
Other investments not loans 28,056 32,398
Other loans - 1,863,000
178,057 2,045,399

Additional information is as follows:
Interest
in other
participating Other
interests investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 150,001 32,398 182,399
Disposals - (11,037 ) (11,037 )
Revaluations - 6,695 6,695
At 31 March 2023 150,001 28,056 178,057
NET BOOK VALUE
At 31 March 2023 150,001 28,056 178,057
At 31 March 2022 150,001 32,398 182,399

FORWARD INVESTMENTS 2017 LIMITED (REGISTERED NUMBER: 10884773)

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


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2023 is represented by:

Interest
in other
participating Other
interests investments Totals
£    £    £   
Valuation in 2021 - 4,023 4,023
Valuation in 2022 - (3,547 ) (3,547 )
Valuation in 2023 - 6,695 6,695
Cost 150,001 20,885 170,886
150,001 28,056 178,057
Other
loans
£   
At 1 April 2022 1,863,000
Repayment in year (1,863,000 )
At 31 March 2023 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,166 961,039

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,055 838
Taxation and social security - 24,952
Other creditors 5,385 5,366
6,440 31,156

9. ULTIMATE CONTROLLING PARTY

The controlling party is J D Grove.