2023-04-012024-03-312024-03-31false06539115Forest Builds Limited2024-09-11iso4217:GBPxbrli:pure065391152023-04-01065391152024-03-31065391152023-04-012024-03-31065391152022-04-01065391152023-03-31065391152022-04-012023-03-3106539115bus:SmallEntities2023-04-012024-03-3106539115bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3106539115bus:FullAccounts2023-04-012024-03-3106539115bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106539115core:WithinOneYear2024-03-3106539115core:AfterOneYear2024-03-3106539115core:WithinOneYear2023-03-3106539115core:AfterOneYear2023-03-3106539115core:ShareCapital2024-03-3106539115core:SharePremium2024-03-3106539115core:RevaluationReserve2024-03-3106539115core:OtherReservesSubtotal2024-03-3106539115core:RetainedEarningsAccumulatedLosses2024-03-3106539115core:ShareCapital2023-03-3106539115core:SharePremium2023-03-3106539115core:RevaluationReserve2023-03-3106539115core:OtherReservesSubtotal2023-03-3106539115core:RetainedEarningsAccumulatedLosses2023-03-3106539115core:LandBuildings2024-03-3106539115core:PlantMachinery2024-03-3106539115core:Vehicles2024-03-3106539115core:FurnitureFittings2024-03-3106539115core:OfficeEquipment2024-03-3106539115core:NetGoodwill2024-03-3106539115core:IntangibleAssetsOtherThanGoodwill2024-03-3106539115core:ListedExchangeTraded2024-03-3106539115core:UnlistedNon-exchangeTraded2024-03-3106539115core:LandBuildings2023-03-3106539115core:PlantMachinery2023-03-3106539115core:Vehicles2023-03-3106539115core:FurnitureFittings2023-03-3106539115core:OfficeEquipment2023-03-3106539115core:NetGoodwill2023-03-3106539115core:IntangibleAssetsOtherThanGoodwill2023-03-3106539115core:ListedExchangeTraded2023-03-3106539115core:UnlistedNon-exchangeTraded2023-03-3106539115core:LandBuildings2023-04-012024-03-3106539115core:PlantMachinery2023-04-012024-03-3106539115core:Vehicles2023-04-012024-03-3106539115core:FurnitureFittings2023-04-012024-03-3106539115core:OfficeEquipment2023-04-012024-03-3106539115core:NetGoodwill2023-04-012024-03-3106539115core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106539115core:ListedExchangeTraded2023-04-012024-03-3106539115core:UnlistedNon-exchangeTraded2023-04-012024-03-3106539115core:MoreThanFiveYears2023-04-012024-03-3106539115core:Non-currentFinancialInstruments2024-03-3106539115core:Non-currentFinancialInstruments2023-03-3106539115dpl:CostSales2023-04-012024-03-3106539115dpl:DistributionCosts2023-04-012024-03-3106539115core:LandBuildings2023-04-012024-03-3106539115core:PlantMachinery2023-04-012024-03-3106539115core:Vehicles2023-04-012024-03-3106539115core:FurnitureFittings2023-04-012024-03-3106539115core:OfficeEquipment2023-04-012024-03-3106539115dpl:AdministrativeExpenses2023-04-012024-03-3106539115core:NetGoodwill2023-04-012024-03-3106539115core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106539115dpl:GroupUndertakings2023-04-012024-03-3106539115dpl:ParticipatingInterests2023-04-012024-03-3106539115dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3106539115core:ListedExchangeTraded2023-04-012024-03-3106539115dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3106539115core:UnlistedNon-exchangeTraded2023-04-012024-03-3106539115dpl:CostSales2022-04-012023-03-3106539115dpl:DistributionCosts2022-04-012023-03-3106539115core:LandBuildings2022-04-012023-03-3106539115core:PlantMachinery2022-04-012023-03-3106539115core:Vehicles2022-04-012023-03-3106539115core:FurnitureFittings2022-04-012023-03-3106539115core:OfficeEquipment2022-04-012023-03-3106539115dpl:AdministrativeExpenses2022-04-012023-03-3106539115core:NetGoodwill2022-04-012023-03-3106539115core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106539115dpl:GroupUndertakings2022-04-012023-03-3106539115dpl:ParticipatingInterests2022-04-012023-03-3106539115dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106539115core:ListedExchangeTraded2022-04-012023-03-3106539115dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106539115core:UnlistedNon-exchangeTraded2022-04-012023-03-3106539115core:NetGoodwill2024-03-3106539115core:IntangibleAssetsOtherThanGoodwill2024-03-3106539115core:LandBuildings2024-03-3106539115core:PlantMachinery2024-03-3106539115core:Vehicles2024-03-3106539115core:FurnitureFittings2024-03-3106539115core:OfficeEquipment2024-03-3106539115core:AfterOneYear2024-03-3106539115core:WithinOneYear2024-03-3106539115core:ListedExchangeTraded2024-03-3106539115core:UnlistedNon-exchangeTraded2024-03-3106539115core:ShareCapital2024-03-3106539115core:SharePremium2024-03-3106539115core:RevaluationReserve2024-03-3106539115core:OtherReservesSubtotal2024-03-3106539115core:RetainedEarningsAccumulatedLosses2024-03-3106539115core:NetGoodwill2023-03-3106539115core:IntangibleAssetsOtherThanGoodwill2023-03-3106539115core:LandBuildings2023-03-3106539115core:PlantMachinery2023-03-3106539115core:Vehicles2023-03-3106539115core:FurnitureFittings2023-03-3106539115core:OfficeEquipment2023-03-3106539115core:AfterOneYear2023-03-3106539115core:WithinOneYear2023-03-3106539115core:ListedExchangeTraded2023-03-3106539115core:UnlistedNon-exchangeTraded2023-03-3106539115core:ShareCapital2023-03-3106539115core:SharePremium2023-03-3106539115core:RevaluationReserve2023-03-3106539115core:OtherReservesSubtotal2023-03-3106539115core:RetainedEarningsAccumulatedLosses2023-03-3106539115core:NetGoodwill2022-04-0106539115core:IntangibleAssetsOtherThanGoodwill2022-04-0106539115core:LandBuildings2022-04-0106539115core:PlantMachinery2022-04-0106539115core:Vehicles2022-04-0106539115core:FurnitureFittings2022-04-0106539115core:OfficeEquipment2022-04-0106539115core:AfterOneYear2022-04-0106539115core:WithinOneYear2022-04-0106539115core:ListedExchangeTraded2022-04-0106539115core:UnlistedNon-exchangeTraded2022-04-0106539115core:ShareCapital2022-04-0106539115core:SharePremium2022-04-0106539115core:RevaluationReserve2022-04-0106539115core:OtherReservesSubtotal2022-04-0106539115core:RetainedEarningsAccumulatedLosses2022-04-0106539115core:AfterOneYear2023-04-012024-03-3106539115core:WithinOneYear2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3106539115core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3106539115core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3106539115core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3106539115core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3106539115core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3106539115core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3106539115core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3106539115core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3106539115core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3106539115core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3106539115core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3106539115core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3106539115core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3106539115core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3106539115core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3106539115core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3106539115core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3106539115core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3106539115bus:Director12023-04-012024-03-3106539115bus:Director22023-04-012024-03-31

Forest Builds Limited

Registered Number
06539115
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Forest Builds Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Mandeep Singh Binning
Antonis Theori

Company Secretary

Antonis Theori

Registered Address

C/O Nicholas Peters & Co 2nd Floor
10-12 Bourlet Close
London
W1W 7BR

Place of Business

Olive Tree Centre

472A Larkshall Road

Higham's Park

London

E4 9HH


Registered Number

06539115 (England and Wales)
Forest Builds Limited
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,400,0002,497,643
Investments4233233
3,400,2332,497,876
Current assets
Debtors353,119560,042
Cash at bank and on hand15,766819
368,885560,861
Creditors amounts falling due within one year5(268,609)(425,268)
Net current assets (liabilities)100,276135,593
Total assets less current liabilities3,500,5092,633,469
Creditors amounts falling due after one year6(1,747,203)(1,771,000)
Provisions for liabilities7(217,577)-
Net assets1,535,729862,469
Capital and reserves
Called up share capital100100
Profit and loss account1,535,629862,369
Shareholders' funds1,535,729862,469
The financial statements were approved and authorised for issue by the Board of Directors on 11 September 2024, and are signed on its behalf by:
Antonis Theori
Director
Registered Company No. 06539115
Forest Builds Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities (this is the company's first time adoption and there is no transition adjustment to report).
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents the net value of the rent received as per rental agreements.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment Properties are stated at fair market valuation. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year01
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 April 232,497,6432,497,643
Additions32,05032,050
Revaluations870,307870,307
At 31 March 243,400,0003,400,000
Net book value
At 31 March 243,400,0003,400,000
At 31 March 232,497,6432,497,643
The valuation of the properties have been carried out by the directors of the company and reflect the fair market value at the balance sheet date. The historical cost of the investment property was £2,497,643.
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 23233233
At 31 March 24233233
Net book value
At 31 March 24233233
At 31 March 23233233

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables19,5372,642
Bank borrowings and overdrafts25,31726,829
Taxation and social security6,64316,824
Other creditors211,360374,443
Accrued liabilities and deferred income5,7524,530
Total268,609425,268
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,747,2031,771,000
Total1,747,2031,771,000
The bank loans are secured against the properties and personal guaranties are given by the directors.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)217,577-
Total217,577-