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REGISTERED NUMBER: 04529105 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FORRESTERS PROPERTY COMPANY LIMITED

FORRESTERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 04529105)






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


FORRESTERS PROPERTY COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mr J L Fish
Mr M Graham





REGISTERED OFFICE: 117 Duke Street
Barrow In Furness
Cumbria
LA14 1XA





REGISTERED NUMBER: 04529105 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
120-124 Towngate
Leyland
Lancashire
PR25 2LQ

FORRESTERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 04529105)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 225,000 225,000

CURRENT ASSETS
Cash in hand 2 2

CREDITORS
Amounts falling due within one year 5 110,693 110,005
NET CURRENT LIABILITIES (110,691 ) (110,003 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,309

114,997

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 114,307 114,995
SHAREHOLDERS' FUNDS 114,309 114,997

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 15 November 2023 and were signed on its behalf by:





Mr M Graham - Director


FORRESTERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 04529105)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Forresters Property Company 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 as modified by the revaluation of certain assets.

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.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 225,000
NET BOOK VALUE
At 31 March 2023 225,000
At 31 March 2022 225,000

A valuation was carried out on 5 October 2009 by an independent valuer Harrison Willis & Moore (G Peil, MRICS), and was based on the present open market value of the property. The directors consider that this valuation is still appropriate.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 109,876 109,188
Accruals and deferred income 817 817
110,693 110,005

FORRESTERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 04529105)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. RELATED PARTY TRANSACTIONS

The parent company is Forresters Solicitors Limited, a company incorporated in England and Wales.

At 31 March 2023, the company owed Forresters Solicitors Limited £109,875 (2022 £109,187). No interest has been charged to the company on this loan.