Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08925297 2022-06-01 2023-05-31 08925297 2021-06-01 2022-05-31 08925297 2023-05-31 08925297 2022-05-31 08925297 2021-06-01 08925297 c:Director3 2022-06-01 2023-05-31 08925297 d:ShareCapital 2022-06-01 2023-05-31 08925297 d:ShareCapital 2023-05-31 08925297 d:ShareCapital 2021-06-01 2022-05-31 08925297 d:ShareCapital 2022-05-31 08925297 d:ShareCapital 2021-06-01 08925297 d:SharePremium 2022-06-01 2023-05-31 08925297 d:SharePremium 2023-05-31 08925297 d:SharePremium 2021-06-01 2022-05-31 08925297 d:SharePremium 2022-05-31 08925297 d:SharePremium 2021-06-01 08925297 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 08925297 d:RetainedEarningsAccumulatedLosses 2023-05-31 08925297 d:RetainedEarningsAccumulatedLosses 2021-06-01 2022-05-31 08925297 d:RetainedEarningsAccumulatedLosses 2022-05-31 08925297 d:RetainedEarningsAccumulatedLosses 2021-06-01 08925297 c:FRS102 2022-06-01 2023-05-31 08925297 c:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08925297 c:FullAccounts 2022-06-01 2023-05-31 08925297 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08925297 6 2022-06-01 2023-05-31 08925297 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 08925297










Forza International Group Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 May 2023





 
Forza International Group Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Forza International Group Limited for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forza International Group Limited for the year ended 31 May 2023 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Forza International Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Forza International Group Limited  and state those matters that we have agreed to state to the Board of directors of Forza International Group Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forza International Group Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Forza International Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Forza International Group Limited. You consider that Forza International Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Forza International Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
25 January 2024
Page 1

 
Forza International Group Limited
Registered number: 08925297

Balance sheet
As at 31 May 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
296
296

  
296
296

Current assets
  

Cash at bank and in hand
  
9,722
9,962

  
9,722
9,962

Total assets less current liabilities
  
 
 
10,018
 
 
10,258

  

Net assets
  
10,018
10,258


Capital and reserves
  

Called up share capital 
  
105
105

Share premium account
  
9,992
9,992

Profit and loss account
  
(79)
161

  
10,018
10,258


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 January 2024.




L N Smith
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 2

 
Forza International Group Limited
 

Statement of changes in equity
For the Year Ended 31 May 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 June 2021
105
9,992
20,055
30,152


Comprehensive income for the year

Profit for the year
-
-
652,605
652,605


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
652,605
652,605


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(672,499)
(672,499)


Total transactions with owners
-
-
(672,499)
(672,499)



At 1 June 2022
105
9,992
161
10,258


Comprehensive income for the year

Profit for the year
-
-
683,178
683,178


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
683,178
683,178


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(683,418)
(683,418)


Total transactions with owners
-
-
(683,418)
(683,418)


At 31 May 2023
105
9,992
(79)
10,018


The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
Forza International Group Limited
 

 
Notes to the financial statements
For the Year Ended 31 May 2023

1.


General information

Forza International Group Limited is a private company limited by shares and is incorporated in England and Wales, with the registration number 08925297. The address of the company's principle place of business is the registered office.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
Forza International Group Limited
 

 
Notes to the financial statements
For the Year Ended 31 May 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
296



At 31 May 2023
296





5.


Related party transactions

During the year the company paid dividends to those directors who were also shareholders of the company totalling £683,418 (2022: £563,056).  All other transactions with related parties that arose during the current and prior years, were done so under normal market conditions.


6.


Controlling party

The ultimate controlling party is L N Smith, by virtue of his 75% shareholding.


Page 5