Silverfin false false 31/10/2023 01/11/2022 31/10/2023 C R Foster 18/10/2019 J E Foster 18/10/2019 P M Foster 18/10/2019 R I Foster 18/10/2019 Richard Ian Foster 16 November 2023 The principal activity of the company was that of property rental. 12271308 2023-10-31 12271308 bus:Director1 2023-10-31 12271308 bus:Director2 2023-10-31 12271308 bus:Director3 2023-10-31 12271308 bus:Director4 2023-10-31 12271308 2022-10-31 12271308 core:CurrentFinancialInstruments 2023-10-31 12271308 core:CurrentFinancialInstruments 2022-10-31 12271308 core:ShareCapital 2023-10-31 12271308 core:ShareCapital 2022-10-31 12271308 core:RetainedEarningsAccumulatedLosses 2023-10-31 12271308 core:RetainedEarningsAccumulatedLosses 2022-10-31 12271308 core:CurrentFinancialInstruments 1 2023-10-31 12271308 core:CurrentFinancialInstruments 1 2022-10-31 12271308 2022-11-01 2023-10-31 12271308 bus:FilletedAccounts 2022-11-01 2023-10-31 12271308 bus:SmallEntities 2022-11-01 2023-10-31 12271308 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 12271308 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12271308 bus:Director1 2022-11-01 2023-10-31 12271308 bus:Director2 2022-11-01 2023-10-31 12271308 bus:Director3 2022-11-01 2023-10-31 12271308 bus:Director4 2022-11-01 2023-10-31 12271308 bus:Director5 2022-11-01 2023-10-31 12271308 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Company No: 12271308 (England and Wales)

FOSTER WOLLASTON LTD

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

FOSTER WOLLASTON LTD

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

FOSTER WOLLASTON LTD

COMPANY INFORMATION

For the financial year ended 31 October 2023
FOSTER WOLLASTON LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS C R Foster
J E Foster
P M Foster
R I Foster
REGISTERED OFFICE Hoppins Farm
Southerton
Ottery St. Mary
Devon
EX11 1SD
United Kingdom
COMPANY NUMBER 12271308 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
FOSTER WOLLASTON LTD

BALANCE SHEET

As at 31 October 2023
FOSTER WOLLASTON LTD

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 0 224,370
0 224,370
Current assets
Cash at bank and in hand 245,447 11,492
245,447 11,492
Creditors: amounts falling due within one year 4 ( 233,734) ( 232,167)
Net current assets/(liabilities) 11,713 (220,675)
Total assets less current liabilities 11,713 3,695
Net assets 11,713 3,695
Capital and reserves
Called-up share capital 100 100
Profit and loss account 11,613 3,595
Total shareholders' funds 11,713 3,695

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Foster Wollaston Ltd (registered number: 12271308) were approved and authorised for issue by the Board of Directors on 16 November 2023. They were signed on its behalf by:

Richard Ian Foster
Director
FOSTER WOLLASTON LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
FOSTER WOLLASTON LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Foster Wollaston Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hoppins Farm, Southerton, Ottery St. Mary, Devon, EX11 1SD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Investment property

Investment property
£
Valuation
As at 01 November 2022 224,370
Additions 11,282
Disposals (235,652)
As at 31 October 2023 0

Valuation

There has been no valuation of investment property by an independent valuer.

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to connected companies 0 220,075
Taxation and social security 1,881 914
Other creditors 231,853 11,178
233,734 232,167