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Company Registration No. 06936364 (England and Wales)
FOREST HILLS ASSOCIATES LIMITED Unaudited accounts for the year ended 30 June 2023
FOREST HILLS ASSOCIATES LIMITED Unaudited accounts Contents
Page
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FOREST HILLS ASSOCIATES LIMITED Company Information for the year ended 30 June 2023
Directors
Allison McIntosh-Smith Simon McIntosh-Smith
Company Number
06936364 (England and Wales)
Registered Office
2 FOREST HILLS, ALMONDSBURY, BRISTOL BS32 4DN
Accountants
Evans Entwistle 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of FOREST HILLS ASSOCIATES LIMITED for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FOREST HILLS ASSOCIATES LIMITED for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA 9 January 2024
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FOREST HILLS ASSOCIATES LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
333 
666 
Current assets
Debtors
8,361 
1,200 
Cash at bank and in hand
7,496 
2,416 
15,857 
3,616 
Creditors: amounts falling due within one year
(5,739)
(3,301)
Net current assets
10,118 
315 
Total assets less current liabilities
10,451 
981 
Provisions for liabilities
Deferred tax
(63)
- 
Net assets
10,388 
981 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,288 
881 
Shareholders' funds
10,388 
981 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2024 and were signed on its behalf by
Allison McIntosh-Smith Director Company Registration No. 06936364
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FOREST HILLS ASSOCIATES LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
FOREST HILLS ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06936364. The registered office is 2 FOREST HILLS,, ALMONDSBURY,, BRISTOL, BS32 4DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years - straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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FOREST HILLS ASSOCIATES LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
999 
At 30 June 2023
999 
Depreciation
At 1 July 2022
333 
Charge for the year
333 
At 30 June 2023
666 
Net book value
At 30 June 2023
333 
At 30 June 2022
666 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,200 
Other debtors
8,361 
- 
8,361 
1,200 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,115 
1,670 
Loans from directors
- 
1,131 
Accruals
624 
500 
5,739 
3,301 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
63 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
63 
- 
Provision at end of year
63 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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FOREST HILLS ASSOCIATES LIMITED Notes to the Accounts for the year ended 30 June 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
General Loan
- 
8,361 
- 
8,361 
- 
8,361 
- 
8,361 
the balance represents an interest free loan that is repayable to the company upon demand
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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