Company Registration No. 11718590 (England and Wales)
Fosse Urban Projects Limited
Unaudited accounts
for the year ended 31 December 2023
Fosse Urban Projects Limited
Unaudited accounts
Contents
Fosse Urban Projects Limited
Company Information
for the year ended 31 December 2023
Directors
Mr. Rupert Nicholas Holmes
Mr. Colin Derek Holmes
Mr. Stephen John Gibbons
Mr. Hayden Charles Gibbons
Company Number
11718590 (England and Wales)
Registered Office
The East Wing Holland Court
The Close
Norwich
Norfolk
NR1 4DY
United Kingdom
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Fosse Urban Projects Limited
Statement of financial position
as at 31 December 2023
Inventories
2,523,803
3,253,696
Cash at bank and in hand
27
1,520
Creditors: amounts falling due within one year
(2,888,872)
(3,414,200)
Net current liabilities
(286,533)
(126,531)
Net liabilities
(286,043)
(125,878)
Called up share capital
100
100
Profit and loss account
(286,143)
(125,978)
Shareholders' funds
(286,043)
(125,878)
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Mr. Rupert Nicholas Holmes
Director
Company Registration No. 11718590
Fosse Urban Projects Limited
Notes to the Accounts
for the year ended 31 December 2023
Fosse Urban Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 11718590. The registered office is The East Wing Holland Court, The Close, Norwich, Norfolk, NR1 4DY, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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:
Fosse Urban Projects Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
13,670
5,268
Deferred tax asset
64,744
24,149
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,236,471
2,604,144
Trade creditors
205,760
239,564
Other creditors
442,824
570,492
Loans from directors
2,745
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Fosse Urban Projects Limited
Notes to the Accounts
for the year ended 31 December 2023
8
Transactions with related parties
Fosse Capital Group Limited
(A related party by virtue of it having common directors; Mr. Rupert Holmes, Mr Hayden Gibbons, Mr Stephen Gibbons and Mr Colin Holmes).
Other Creditors 2023 - £47,730.44, 2022 - £41,549.24
FOSSE SIL WY LTD
(A related party by virtue of it having common directors; Mr. Rupert Holmes, Mr Hayden Gibbons, Mr Stephen Gibbons and Mr Colin Holmes) .
Other Creditors 2023 - £299,750.00, 2022 - £282,100.00
FOSSE RID CR LTD
(A related party by virtue of it having common directors; Mr. Rupert Holmes, Mr Hayden Gibbons, Mr Stephen Gibbons and Mr Colin Holmes)
Other Creditors 2023 - £1028.20, 2022 - £149,678.20
FOSSE NOR SO LTD
(A related party by virtue of it having common directors; Mr. Rupert Holmes, Mr Hayden Gibbons, Mr Stephen Gibbons and Mr Colin Holmes)
Other Creditors 2023 - £25.950.00, 2022 - £26,800.00
FGSPV 4 LTD
(A related party by virtue of it having common directors; Mr. Rupert Holmes, Mr Hayden Gibbons, Mr Stephen Gibbons and Mr Colin Holmes)
Other Creditors 2023 - £70,365.00, 2022 - Nil
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).