Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-31Activities of venture and development capital companies12022-05-24falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14129324 2022-05-23 14129324 2022-05-24 2023-05-31 14129324 2021-05-24 2022-05-23 14129324 2023-05-31 14129324 c:Director1 2022-05-24 2023-05-31 14129324 d:CurrentFinancialInstruments 2023-05-31 14129324 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14129324 d:ShareCapital 2023-05-31 14129324 d:RetainedEarningsAccumulatedLosses 2023-05-31 14129324 c:FRS102 2022-05-24 2023-05-31 14129324 c:AuditExempt-NoAccountantsReport 2022-05-24 2023-05-31 14129324 c:FullAccounts 2022-05-24 2023-05-31 14129324 c:PrivateLimitedCompanyLtd 2022-05-24 2023-05-31 14129324 6 2022-05-24 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 14129324










FORE GOOD INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2023

 
FORE GOOD INVESTMENTS LIMITED
REGISTERED NUMBER: 14129324

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
£

Fixed assets
  

Investments
  
99,999

  
99,999

Current assets
  

Cash at bank and in hand
  
522

  
522

Creditors: amounts falling due within one year
  
(101,499)

Net current (liabilities)/assets
  
 
 
(100,977)

Total assets less current liabilities
  
(978)

  

Net (liabilities)/assets
  
(978)


Capital and reserves
  

Called up share capital 
  
90

Profit and loss account
  
(1,068)

  
(978)


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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 income and retained earnings 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 22 February 2024.




N R A Sharpe
Director

Page 1

 
FORE GOOD INVESTMENTS LIMITED
REGISTERED NUMBER: 14129324
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FORE GOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

1.Accounting policies

 
1.1

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.  
 
At 31st May 2023, the company had net liabilities of £978.  The company is reliant on the support of the director.  It is the intention of the director to support the company and therefore these accounts have been prepared on a going concern basis. .

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
1.2

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 reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings 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 reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
1.3

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.

 
1.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing
Page 3

 
FORE GOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

1.Accounting policies (continued)


1.5
Financial instruments (continued)

transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 14129324
Its Registered Office is:
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ

Page 4

 
FORE GOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


        2023
            No.






Director
1


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
99,999



At 31 May 2023
99,999




On 9th June 2022 the company purchased 35,714 Ordinary shares of £0.10 each in the company EVIOS Plc.  The cost price was £99,999.  At 31st May 2023, the fair value price of these shares remained at £99,999.


5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
522

522



6.


Creditors: Amounts falling due within one year

2023
£

Other creditors
100,999

Accruals and deferred income
500

101,499


Page 5

 
FORE GOOD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

7.


Related party transactions

During the period the company received a loan of £100,999.20 from a connected company, FORELDN Limited. The company is related by virture of its director and shareholder.

 
Page 6