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Company Registration No. 13218724 (England and Wales)
E-Forecourts Ltd Unaudited accounts for the year ended 31 March 2024
E-Forecourts Ltd Unaudited accounts Contents
Page
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E-Forecourts Ltd Company Information for the year ended 31 March 2024
Director
Paul Courie
Company Number
13218724 (England and Wales)
Registered Office
27/28 Gelliwastad Road Pontypridd CF37 2BW United Kingdom
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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E-Forecourts Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,000 
- 
Investment property
1,100,000 
2,037,500 
1,115,000 
2,037,500 
Current assets
Debtors
226,961 
1 
Cash at bank and in hand
1,487,562 
773 
1,714,523 
774 
Creditors: amounts falling due within one year
(1,341,246)
(754,184)
Net current assets/(liabilities)
373,277 
(753,410)
Total assets less current liabilities
1,488,277 
1,284,090 
Provisions for liabilities
Deferred tax
(129,578)
(239,960)
Net assets
1,358,699 
1,044,130 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,358,698 
1,044,129 
Shareholders' funds
1,358,699 
1,044,130 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 July 2024 and were signed on its behalf by
Paul Courie Director Company Registration No. 13218724
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E-Forecourts Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
E-Forecourts Ltd is a private company, limited by shares, registered in England and Wales, registration number 13218724. The registered office is 27/28 Gelliwastad Road, Pontypridd, CF37 2BW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% RB
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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E-Forecourts Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
- 
Additions
15,000 
At 31 March 2024
15,000 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
15,000 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
2,037,500 
Disposals
(937,500)
At 31 March 2024
1,100,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
200,001 
1 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
26,960 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
263 
2,178 
Amounts owed to group undertakings and other participating interests
1,096,000 
746,000 
Taxes and social security
243,657 
4,443 
Accruals
1,326 
1,563 
1,341,246 
754,184 
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of land and buildings
129,578 
239,960 
2024 
2023 
£ 
£ 
Provision at start of year
239,960 
239,960 
Credited to the profit and loss account
(110,382)
- 
Provision at end of year
129,578 
239,960 
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E-Forecourts Ltd Notes to the Accounts for the year ended 31 March 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Advance
- 
200,000 
- 
200,000 
- 
200,000 
- 
200,000 
10
Transactions with related parties
In previous years the company received an interest free loan from Courie Holdings Ltd, the holding company. The balance owing at the period end can be seen in note 8.
11
Controlling party
The ultimate holding company is Courie Holdings Ltd, company number 03143012.
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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