Fordwych Investments Limited 13676174 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13676174 2022-11-01 2023-10-31 13676174 2023-10-31 13676174 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 13676174 core:Non-currentFinancialInstruments 2023-10-31 13676174 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 13676174 core:LandBuildings core:LongLeaseholdAssets 2023-10-31 13676174 bus:SmallEntities 2022-11-01 2023-10-31 13676174 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 13676174 bus:FilletedAccounts 2022-11-01 2023-10-31 13676174 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13676174 bus:RegisteredOffice 2022-11-01 2023-10-31 13676174 bus:Director1 2022-11-01 2023-10-31 13676174 bus:Director2 2022-11-01 2023-10-31 13676174 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13676174 core:LandBuildings core:LongLeaseholdAssets 2022-11-01 2023-10-31 13676174 countries:AllCountries 2022-11-01 2023-10-31 13676174 2021-11-01 2022-10-31 13676174 2022-10-31 13676174 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 13676174 core:Non-currentFinancialInstruments 2022-10-31 13676174 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 13676174 core:LandBuildings core:LongLeaseholdAssets 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 13676174

Fordwych Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Fordwych Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Fordwych Investments Limited

Company Information

Directors

Simone Cohen

James Alexander Cohen

Registered office

166 College Road
Harrow
HA1 1BH

Accountants

MG Accountants & Tax Advisers Ltd
Chartered Accountants
166 College Road
Harrow
HA1 1BH

 

Fordwych Investments Limited

(Registration number: 13676174)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

360,601

360,601

Current assets

 

Cash at bank and in hand

 

12

1,074

Creditors: Amounts falling due within one year

5

(107,854)

(113,315)

Net current liabilities

 

(107,842)

(112,241)

Total assets less current liabilities

 

252,759

248,360

Creditors: Amounts falling due after more than one year

5

(254,980)

(254,980)

Net liabilities

 

(2,221)

(6,620)

Capital and reserves

 

Called up share capital

3

3

Retained earnings

(2,224)

(6,623)

Shareholders' deficit

 

(2,221)

(6,620)

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

 

Fordwych Investments Limited

(Registration number: 13676174)
Balance Sheet as at 31 October 2023

.........................................
Simone Cohen
Director

.........................................
James Alexander Cohen
Director

 

Fordwych Investments Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
166 College Road
Harrow
HA1 1BH

These financial statements were authorised for issue by the Board on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Fordwych Investments Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Fordwych Investments Limited

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

4

Tangible assets

Long leasehold land and buildings
£

Total
£

Cost or valuation

Additions

360,601

360,601

At 31 October 2023

360,601

360,601

Depreciation

Carrying amount

At 31 October 2023

360,601

360,601

At 31 October 2022

360,601

360,601

Included within the net book value of land and buildings above is £360,601 (2022 - £360,601) in respect of long leasehold land and buildings.
 

Tangible assets held at valuation

Where the revaluation model is used under FRS 102, the only requirement is to keep the valuations sufficiently up to date such that the carrying value is not materially different from fair value. There is no
requirement for independent or qualified valuers. Therefore, the director’s opinion is that property value has not changed up to the financial year-end date since acquired.

 

Fordwych Investments Limited

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

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

3,560

4,640

Other creditors

104,294

108,675

107,854

113,315

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

254,980

254,980

6

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

254,980

254,980

7

Related party transactions

During the year compnay made the follwing related party transactions:

(Director)
At the balance sheet date, the amount due to the director was £102,544 (2022 was £106,925)