1 January 2023 false No description of principal activity Taxfiler 2024.5 11718590business:PrivateLimitedCompanyLtd2023-01-012023-12-31 117185902022-12-31 117185902023-01-012023-12-31 11718590business:AuditExemptWithAccountantsReport2023-01-012023-12-31 11718590business:FilletedAccounts2023-01-012023-12-31 117185902023-12-31 11718590business:Director12023-01-012023-12-31 11718590business:Director22023-01-012023-12-31 11718590business:Director32023-01-012023-12-31 11718590business:Director42023-01-012023-12-31 11718590business:RegisteredOffice2023-01-012023-12-31 117185902022-12-31 11718590core:WithinOneYear2023-12-31 11718590core:WithinOneYear2022-12-31 11718590core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11718590core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 11718590core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11718590core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 11718590core:PreviouslyStatedAmount2023-12-31 11718590core:PreviouslyStatedAmount2022-12-31 11718590business:SmallEntities2023-01-012023-12-31 11718590countries:EnglandWales2023-01-012023-12-31 11718590core:PlantMachinery2022-12-31 11718590core:PlantMachinery2023-12-31 11718590core:PlantMachinery2023-01-012023-12-31 11718590business:OrdinaryShareClass12023-01-012023-12-31 11718590business:OrdinaryShareClass12022-01-012022-12-31 117185902022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
Fosse Urban Projects Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
490 
653 
Current assets
Inventories
2,523,803 
3,253,696 
Debtors
78,509 
32,453 
Cash at bank and in hand
27 
1,520 
2,602,339 
3,287,669 
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)
Capital and reserves
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
- 4 -
Fosse Urban Projects Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
Inventories
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 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.
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:
- 5 -
Fosse Urban Projects Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
825 
At 31 December 2023
825 
Depreciation
At 1 January 2023
172 
Charge for the year
163 
At 31 December 2023
335 
Net book value
At 31 December 2023
490 
At 31 December 2022
653 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,936 
Trade debtors
13,670 
5,268 
Deferred tax asset
64,744 
24,149 
Other debtors
95 
100 
78,509 
32,453 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,236,471 
2,604,144 
VAT
1,072 
- 
Trade creditors
205,760 
239,564 
Other creditors
442,824 
570,492 
Loans from directors
2,745 
- 
2,888,872 
3,414,200 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 6 -
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).
- 7 -