Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false22023-01-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC294457 2023-01-01 2023-12-31 SC294457 2022-01-01 2022-12-31 SC294457 2023-12-31 SC294457 2022-12-31 SC294457 c:CompanySecretary1 2023-01-01 2023-12-31 SC294457 c:Director1 2023-01-01 2023-12-31 SC294457 c:Director2 2023-01-01 2023-12-31 SC294457 c:RegisteredOffice 2023-01-01 2023-12-31 SC294457 d:CurrentFinancialInstruments 2023-12-31 SC294457 d:CurrentFinancialInstruments 2022-12-31 SC294457 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC294457 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC294457 d:ShareCapital 2023-12-31 SC294457 d:ShareCapital 2022-12-31 SC294457 d:SharePremium 2023-12-31 SC294457 d:SharePremium 2022-12-31 SC294457 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC294457 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC294457 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC294457 c:OrdinaryShareClass1 2023-12-31 SC294457 c:OrdinaryShareClass2 2023-01-01 2023-12-31 SC294457 c:OrdinaryShareClass2 2023-12-31 SC294457 c:FRS102 2023-01-01 2023-12-31 SC294457 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC294457 c:FullAccounts 2023-01-01 2023-12-31 SC294457 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC294457 6 2023-01-01 2023-12-31 SC294457 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC294457










FORSTER GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
FORSTER GROUP LIMITED
 

COMPANY INFORMATION


Directors
Mr J A G Forster 
Mrs J C Forster 




Company secretary
Mrs K A Adams



Registered number
SC294457



Registered office
22 Commerce Street

Brechin

Angus

DD9 7BD




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
FORSTER GROUP LIMITED
REGISTERED NUMBER: SC294457

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Investments
 4 
1,301,998
1,301,998

  
1,301,998
1,301,998

Current assets
  

Cash at bank and in hand
  
1,388
1,399

  
1,388
1,399

Creditors: amounts falling due within one year
 5 
(304,514)
(300,877)

Net current liabilities
  
 
 
(303,126)
 
 
(299,478)

Total assets less current liabilities
  
998,872
1,002,520

  

Net assets
  
998,872
1,002,520


Capital and reserves
  

Called up share capital 
 6 
550,100
550,100

Share premium account
  
442,898
442,898

Profit and loss account
  
5,874
9,522

  
998,872
1,002,520


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 August 2024.




Mr J A G Forster
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
FORSTER GROUP LIMITED
 

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

1.


General information

Forsters Group Limited is a private company, limited by shares, domiciled in Scotland with registration number SC294457.  The registered office is 22 Commerce Street, Brechin, Angus, DD9 7BD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 2

 
FORSTER GROUP LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,301,998



At 31 December 2023
1,301,998




Page 3

 
FORSTER GROUP LIMITED
 

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

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
300,914
297,477

Accruals and deferred income
3,600
3,400

304,514
300,877



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100
550,000 Preference shares of £1.00 each
550,000
550,000

550,100

550,100



Page 4