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REGISTERED NUMBER: 08472565 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FOSTER HARRINGTON SOLICITORS LIMITED

FOSTER HARRINGTON SOLICITORS LIMITED (REGISTERED NUMBER: 08472565)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOSTER HARRINGTON SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M C Bell
M J Calfe





REGISTERED OFFICE: 22 Park Street
Camberley
Surrey
GU15 3PL





REGISTERED NUMBER: 08472565 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

FOSTER HARRINGTON SOLICITORS LIMITED (REGISTERED NUMBER: 08472565)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 26,250 33,250
Tangible assets 5 14,628 17,541
Investments 6 288,381 -
329,259 50,791

CURRENT ASSETS
Stocks 121,874 82,689
Debtors 7 234,812 21,468
Cash at bank and in hand 7,391,419 2,935,585
7,748,105 3,039,742
CREDITORS
Amounts falling due within one year 8 (7,464,278 ) (2,961,467 )
NET CURRENT ASSETS 283,827 78,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,086

129,066

PROVISIONS FOR LIABILITIES (1,816 ) (3,333 )
NET ASSETS 611,270 125,733

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 611,170 125,633
SHAREHOLDERS' FUNDS 611,270 125,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

FOSTER HARRINGTON SOLICITORS LIMITED (REGISTERED NUMBER: 08472565)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





M C Bell - Director


FOSTER HARRINGTON SOLICITORS LIMITED (REGISTERED NUMBER: 08472565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Foster Harrington Solicitors 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from bank and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at the amortised cost using the effective interest method

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is no intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


FOSTER HARRINGTON SOLICITORS LIMITED (REGISTERED NUMBER: 08472565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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 7 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 318,495 35,000 353,495
AMORTISATION
At 1 January 2023 318,495 1,750 320,245
Charge for year - 7,000 7,000
At 31 December 2023 318,495 8,750 327,245
NET BOOK VALUE
At 31 December 2023 - 26,250 26,250
At 31 December 2022 - 33,250 33,250

FOSTER HARRINGTON SOLICITORS LIMITED (REGISTERED NUMBER: 08472565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 35,102 32,214 67,316
Additions 1,967 2,312 4,279
At 31 December 2023 37,069 34,526 71,595
DEPRECIATION
At 1 January 2023 31,775 18,000 49,775
Charge for year 1,021 6,171 7,192
At 31 December 2023 32,796 24,171 56,967
NET BOOK VALUE
At 31 December 2023 4,273 10,355 14,628
At 31 December 2022 3,327 14,214 17,541

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 288,381
At 31 December 2023 288,381
NET BOOK VALUE
At 31 December 2023 288,381

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 186,948 12,883
Other debtors 47,864 8,585
234,812 21,468

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,137,359 2,910,969
Taxation and social security 200,351 32,773
Other creditors 126,568 17,725
7,464,278 2,961,467

FOSTER HARRINGTON SOLICITORS LIMITED (REGISTERED NUMBER: 08472565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100