IRIS Accounts Production v24.1.9.2 08368438 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083684382023-01-31083684382024-01-31083684382023-02-012024-01-31083684382022-01-31083684382022-02-012023-01-31083684382023-01-3108368438ns15:EnglandWales2023-02-012024-01-3108368438ns14:PoundSterling2023-02-012024-01-3108368438ns10:Director12023-02-012024-01-3108368438ns10:Director22023-02-012024-01-3108368438ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108368438ns10:SmallEntities2023-02-012024-01-3108368438ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3108368438ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108368438ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108368438ns10:FullAccounts2023-02-012024-01-3108368438ns10:OrdinaryShareClass12023-02-012024-01-3108368438ns10:RegisteredOffice2023-02-012024-01-3108368438ns5:CurrentFinancialInstruments2024-01-3108368438ns5:CurrentFinancialInstruments2023-01-3108368438ns5:ShareCapital2024-01-3108368438ns5:ShareCapital2023-01-3108368438ns5:RetainedEarningsAccumulatedLosses2024-01-3108368438ns5:RetainedEarningsAccumulatedLosses2023-01-3108368438ns5:PlantMachinery2023-02-012024-01-3108368438ns5:MotorVehicles2023-02-012024-01-3108368438ns5:ComputerEquipment2023-02-012024-01-3108368438ns5:PlantMachinery2023-01-3108368438ns5:MotorVehicles2023-01-3108368438ns5:ComputerEquipment2023-01-3108368438ns5:PlantMachinery2024-01-3108368438ns5:MotorVehicles2024-01-3108368438ns5:ComputerEquipment2024-01-3108368438ns5:PlantMachinery2023-01-3108368438ns5:MotorVehicles2023-01-3108368438ns5:ComputerEquipment2023-01-3108368438ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3108368438ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3108368438ns10:OrdinaryShareClass12024-01-3108368438ns5:RetainedEarningsAccumulatedLosses2023-01-3108368438ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 08368438 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Forest Park Developments Ltd

Forest Park Developments Ltd (Registered number: 08368438)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Forest Park Developments Ltd

Company Information
for the year ended 31 January 2024







DIRECTORS: I Bowers
Mr C Bowers





REGISTERED OFFICE: Unit 7
Barnes Farm Business Park
Barnes Lane
Milford On Sea
LYMINGTON
SO41 0AP





REGISTERED NUMBER: 08368438 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Forest Park Developments Ltd (Registered number: 08368438)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,350 10,575

CURRENT ASSETS
Debtors 5 42,090 15,283
Cash at bank and in hand 15,081 37,275
57,171 52,558
CREDITORS
Amounts falling due within one year 6 33,027 42,217
NET CURRENT ASSETS 24,144 10,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,494

20,916

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 42,492 20,914
SHAREHOLDERS' FUNDS 42,494 20,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Forest Park Developments Ltd (Registered number: 08368438)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




I Bowers - Director



Mr C Bowers - Director


Forest Park Developments Ltd (Registered number: 08368438)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Forest Park Developments Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Forest Park Developments Ltd (Registered number: 08368438)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 25,333 19,743 1,618 46,694
Additions - 12,895 - 12,895
At 31 January 2024 25,333 32,638 1,618 59,589
DEPRECIATION
At 1 February 2023 18,486 16,625 1,008 36,119
Charge for year 1,027 4,002 91 5,120
At 31 January 2024 19,513 20,627 1,099 41,239
NET BOOK VALUE
At 31 January 2024 5,820 12,011 519 18,350
At 31 January 2023 6,847 3,118 610 10,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,600 12,773
Other debtors 2,490 2,510
42,090 15,283

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,346 8,449
Tax 18,478 14,707
Social security and other taxes (310 ) -
VAT 2,522 8,726
Other creditors (599 ) 70
Directors' current accounts 590 10,265
33,027 42,217

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Forest Park Developments Ltd (Registered number: 08368438)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


8. RESERVES
Retained
earnings
£   

At 1 February 2023 20,914
Profit for the year 61,578
Dividends (40,000 )
At 31 January 2024 42,492

Forest Park Developments Ltd

Report of the Accountants to the Directors of
Forest Park Developments Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


29 July 2024