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Company Registration No. 13233734 (England and Wales)
Foreland Homes Ltd Unaudited accounts for the year ended 29 February 2024
Foreland Homes Ltd Unaudited accounts Contents
Page
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Foreland Homes Ltd Company Information for the year ended 29 February 2024
Directors
Justin Gentleman Karla Gentleman
Company Number
13233734 (England and Wales)
Registered Office
Holbrook House 11 Forelands Field Road Bembridge Isle of Wight PO35 5TP United Kingdom
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Foreland Homes Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,936 
8,606 
Current assets
Inventories
1,628,318 
2,364,276 
Debtors
6,153 
94,728 
Cash at bank and in hand
48,853 
272,740 
1,683,324 
2,731,744 
Creditors: amounts falling due within one year
(640,224)
(820,785)
Net current assets
1,043,100 
1,910,959 
Total assets less current liabilities
1,061,036 
1,919,565 
Creditors: amounts falling due after more than one year
(912,501)
(1,903,634)
Provisions for liabilities
Deferred tax
(1,484)
(6,786)
Net assets
147,051 
9,145 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
146,951 
9,045 
Shareholders' funds
147,051 
9,145 
For the year ending 29 February 2024 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 28 September 2024 and were signed on its behalf by
Justin Gentleman Director Company Registration No. 13233734
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Foreland Homes Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Foreland Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 13233734. The registered office is Holbrook House, 11 Forelands Field Road, Bembridge, Isle of Wight, PO35 5TP, 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.
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:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
6,727 
135 
3,893 
10,755 
Additions
15,000 
- 
- 
15,000 
At 29 February 2024
21,727 
135 
3,893 
25,755 
Depreciation
At 1 March 2023
885 
32 
1,232 
2,149 
Charge for the year
4,345 
27 
1,298 
5,670 
At 29 February 2024
5,230 
59 
2,530 
7,819 
Net book value
At 29 February 2024
16,497 
76 
1,363 
17,936 
At 28 February 2023
5,842 
103 
2,661 
8,606 
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Foreland Homes Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
872 
26,088 
Trade debtors
- 
3,600 
Amounts due from group undertakings etc.
5,181 
- 
Accrued income and prepayments
- 
18,478 
Other debtors
100 
46,562 
6,153 
94,728 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
7,050 
104,873 
Amounts owed to group undertakings and other participating interests
- 
369 
Taxes and social security
64,432 
- 
Other creditors
- 
12,307 
Loans from directors
566,138 
696,986 
Accruals
2,604 
1,250 
Deferred income
- 
5,000 
640,224 
820,785 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
912,501 
1,903,634 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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