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REGISTERED NUMBER: 12932674 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

K. Foster & Son Ltd

K. Foster & Son Ltd (Registered number: 12932674)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


K. Foster & Son Ltd

Company Information
for the year ended 31 January 2024







DIRECTORS: Mrs R S Foster
K Foster





REGISTERED OFFICE: Tanglewood Woodland Road
Dodford
Bromsgrove
B61 9BT





REGISTERED NUMBER: 12932674 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

K. Foster & Son Ltd (Registered number: 12932674)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,013,000 751,000

CURRENT ASSETS
Debtors 1,716 -
Cash at bank 1,311 165,494
3,027 165,494
CREDITORS
Amounts falling due within one year 61,962 61,884
NET CURRENT (LIABILITIES)/ASSETS (58,935 ) 103,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

954,065

854,610

CREDITORS
Amounts falling due after more than one year 5 627,077 565,990
NET ASSETS 326,988 288,620

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 326,986 288,618
SHAREHOLDERS' FUNDS 326,988 288,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

K. Foster & Son Ltd (Registered number: 12932674)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 February 2024 and were signed on its behalf by:





K Foster - Director


K. Foster & Son Ltd (Registered number: 12932674)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

K. Foster & Son Ltd 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.

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 2 (2023 - 2 ) .

K. Foster & Son Ltd (Registered number: 12932674)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 751,000
Additions 218,896
Revaluations 43,104
At 31 January 2024 1,013,000
NET BOOK VALUE
At 31 January 2024 1,013,000
At 31 January 2023 751,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2022 254,187
Valuation in 2023 23,000
Valuation in 2024 43,104
Cost 692,709
1,013,000

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Mortgage 137,975 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary share capital £1 2 2

7. ULTIMATE CONTROLLING PARTY

During the financial year the controlling party were the directors by virtue of their 100% holding of the issued share capital.