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REGISTERED NUMBER: 10482104 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

M FORFAR LIMITED

M FORFAR LIMITED (REGISTERED NUMBER: 10482104)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M FORFAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: M FORFAR





REGISTERED OFFICE: 62 STAKES ROAD
PURBROOK
WATERLOOVILLE
Hampshire
PO7 5NT





REGISTERED NUMBER: 10482104 (England and Wales)





ACCOUNTANTS: Landi Accounting Limited
62 Stakes Road
Purbrook
Waterlooville
Hampshire
PO7 5NT

M FORFAR LIMITED (REGISTERED NUMBER: 10482104)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 876,879 876,879
876,879 876,879

CURRENT ASSETS
Debtors 6 110,927 80,927
Cash at bank 4,845 1,847
115,772 82,774
CREDITORS
Amounts falling due within one year 7 532,417 504,006
NET CURRENT LIABILITIES (416,645 ) (421,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,234

455,647

CREDITORS
Amounts falling due after more than one
year

8

527,593

537,801
NET LIABILITIES (67,359 ) (82,154 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (67,459 ) (82,254 )
SHAREHOLDERS' FUNDS (67,359 ) (82,154 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

M FORFAR LIMITED (REGISTERED NUMBER: 10482104)

BALANCE SHEET - continued
30 NOVEMBER 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 August 2024 and were signed by:





M FORFAR - Director


M FORFAR LIMITED (REGISTERED NUMBER: 10482104)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

M FORFAR 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.

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.

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 - 1 ).

M FORFAR LIMITED (REGISTERED NUMBER: 10482104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022
and 30 November 2023 491
DEPRECIATION
At 1 December 2022
and 30 November 2023 491
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 876,879
NET BOOK VALUE
At 30 November 2023 876,879
At 30 November 2022 876,879

6. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 21,663 21,663
Other debtors 30,000 -
51,663 21,663

Amounts falling due after more than one year:
Other debtors 59,264 59,264

Aggregate amounts 110,927 80,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 35 3,366
Other creditors 532,382 500,640
532,417 504,006

M FORFAR LIMITED (REGISTERED NUMBER: 10482104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 527,593 537,801

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 499,997 499,997
Bounce Back Loan 27,596 37,804
527,593 537,801