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REGISTERED NUMBER: 10405425 (England and Wales)















FORWARD FIRST LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2023






FORWARD FIRST LIMITED (REGISTERED NUMBER: 10405425)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORWARD FIRST LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr J T Amos





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 10405425 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

FORWARD FIRST LIMITED (REGISTERED NUMBER: 10405425)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 541,679 541,679

CURRENT ASSETS
Debtors 5 4,667 5,751
Cash at bank 7,979 13,695
12,646 19,446
CREDITORS
Amounts falling due within one year 6 236,353 236,570
NET CURRENT LIABILITIES (223,707 ) (217,124 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,972

324,555

CREDITORS
Amounts falling due after more than one
year

7

190,673

214,323
NET ASSETS 127,299 110,232

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 127,199 110,132
127,299 110,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FORWARD FIRST LIMITED (REGISTERED NUMBER: 10405425)

Balance Sheet - continued
31 October 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mr J T Amos - Director


FORWARD FIRST LIMITED (REGISTERED NUMBER: 10405425)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Forward First Limited 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.

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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 541,679
NET BOOK VALUE
At 31 October 2023 541,679
At 31 October 2022 541,679

FORWARD FIRST LIMITED (REGISTERED NUMBER: 10405425)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,667 5,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,014 23,249
Amounts owed to group undertakings 90,331 90,331
Social security and other taxes 4,003 4,999
Other creditors 6,268 6,268
Directors' current accounts 109,900 109,900
Accruals and deferred income 1,837 1,823
236,353 236,570

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 24,803 24,014
Bank loans - 2-5 years 79,416 76,887
Bank loans more 5 yr by instal 86,454 113,422
190,673 214,323

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 86,454 113,422