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REGISTERED NUMBER: 07838587 (England and Wales)












FORGE HOUSE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






FORGE HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 07838587)

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


FORGE HOUSE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr C M Christy





SECRETARY: Ms L Belcher





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
LONDON





REGISTERED NUMBER: 07838587 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

FORGE HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 07838587)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 12,100 12,100
Investment property 5 447,000 380,000
459,100 392,100

CURRENT ASSETS
Debtors 6 16,775 16,021
Cash at bank 1,026 357
17,801 16,378
CREDITORS
Amounts falling due within one year 7 189,989 198,143
NET CURRENT LIABILITIES (172,188 ) (181,765 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,912

210,335

PROVISIONS FOR LIABILITIES 8 38,724 25,994
NET ASSETS 248,188 184,341

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 165,087 110,817
Retained earnings 10 82,101 72,524
SHAREHOLDERS' FUNDS 248,188 184,341

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 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.

FORGE HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 07838587)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





Mr C M Christy - Director


FORGE HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 07838587)

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


1. STATUTORY INFORMATION

Forge House Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease agreement.

Investment property
The company's investment properties are held for long term investment and are included in the balance sheet at their open market values. No depreciation is provided in respect of Freehold and long leasehold investment properties.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The director considers that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified.

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.

Unlisted investments
Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed and current assets investments are treated as part of the result from ordinary activities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

FORGE HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 07838587)

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


4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023
and 31 December 2023 12,100
NET BOOK VALUE
At 31 December 2023 12,100
At 31 December 2022 12,100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 380,000
Revaluations 67,000
At 31 December 2023 447,000
NET BOOK VALUE
At 31 December 2023 447,000
At 31 December 2022 380,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 136,811
Valuation in 2023 67,000
Cost 243,189
447,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Related company 16,414 15,674
Prepayments and accrued income 361 347
16,775 16,021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 2,247 2,081
Directors' current accounts 185,487 193,987
Accruals and deferred income 2,255 2,075
189,989 198,143

FORGE HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 07838587)

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


8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 38,724 25,994

Deferred
tax
£   
Balance at 1 January 2023 25,994
Provided during year 12,730
Balance at 31 December 2023 38,724

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 72,524 110,817 183,341
Profit for the year 9,577 9,577
Revaluation reserve - 54,270 54,270
At 31 December 2023 82,101 165,087 247,188

11. ULTIMATE CONTROLLING PARTY

Mr C M Christy controls the company by virtue of holding 100 % of the issued ordinary share capital of the company.