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REGISTERED NUMBER: 00431068 (England and Wales)















FOREBURY ESTATES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023






FOREBURY ESTATES LIMITED (REGISTERED NUMBER: 00431068)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company information 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 8


FOREBURY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







Directors: M E Shipman
I M Shipman
N J Shipman
A C Buck





Secretary: M E Shipman





Registered office: Forebury House
The Forebury
Sawbridgeworth
Hertfordshire
CM21 9BD





Registered number: 00431068 (England and Wales)





Auditors: Menzies LLP
Chartered Accountants and Statutory Auditors
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP

FOREBURY ESTATES LIMITED (REGISTERED NUMBER: 00431068)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 23,310 27,763
Investments 6 100 100
Investment property 7 22,029,819 21,163,586
22,053,229 21,191,449

CURRENT ASSETS
Debtors 8 5,033 42,555
Cash at bank 2,242,539 1,827,850
2,247,572 1,870,405
CREDITORS
Amounts falling due within one year 9 (531,843 ) (548,670 )
NET CURRENT ASSETS 1,715,729 1,321,735
TOTAL ASSETS LESS CURRENT LIABILITIES 23,768,958 22,513,184

PROVISIONS FOR LIABILITIES (1,296,166 ) (1,132,224 )
NET ASSETS 22,472,792 21,380,960

CAPITAL AND RESERVES
Called up share capital 10 7,301 7,301
Capital redemption reserve 2,799 2,799
Retained earnings 22,462,692 21,370,860
SHAREHOLDERS' FUNDS 22,472,792 21,380,960

FOREBURY ESTATES LIMITED (REGISTERED NUMBER: 00431068)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Board of Directors and authorised for issue on 22nd November 2023 and were signed on its behalf by:





M E Shipman - Director


FOREBURY ESTATES LIMITED (REGISTERED NUMBER: 00431068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Forebury Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Significant judgements and estimates
No significant judgements or estimates have have been made by the directors in preparing these financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year.

Revenue recognition
Revenue is recognised as rents and other income become due to the company.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is shown in the Income Statement.


FOREBURY ESTATES LIMITED (REGISTERED NUMBER: 00431068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


3. ACCOUNTING POLICIES - continued
Tax
Tax 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 tax 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 the income statement in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

FOREBURY ESTATES LIMITED (REGISTERED NUMBER: 00431068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
Cost
At 1st April 2022 167,139
Additions 5,794
At 31st March 2023 172,933
Depreciation
At 1st April 2022 139,376
Charge for year 10,247
At 31st March 2023 149,623
Net book value
At 31st March 2023 23,310
At 31st March 2022 27,763

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1st April 2022
and 31st March 2023 100
Net book value
At 31st March 2023 100
At 31st March 2022 100

FOREBURY ESTATES LIMITED (REGISTERED NUMBER: 00431068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st April 2022 21,163,586
Additions 1,588
Changes in fair value 864,645
At 31st March 2023 22,029,819
Net book value
At 31st March 2023 22,029,819
At 31st March 2022 21,163,586

Investment property fair values were established on an open market basis and based on local property values. This was done so on 31st March 2023 by the directors of the company, with assistance from Derrick Wade Waters, an independent firm of Chartered Surveyors.


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,033 42,555

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,439 44,855
Taxation and social security 159,121 121,966
Other creditors 368,283 381,849
531,843 548,670

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
99 Ordinary £1 99 99
7,202 Ordinary no voting £1 7,202 7,202
7,301 7,301

FOREBURY ESTATES LIMITED (REGISTERED NUMBER: 00431068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

J E Fox ACA (Senior Statutory Auditor)
for and on behalf of Menzies LLP