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
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
Foreland Homes Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
17,936
8,606
Inventories
1,628,318
2,364,276
Cash at bank and in hand
48,853
272,740
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)
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
Foreland Homes Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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
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
At 29 February 2024
16,497
76
1,363
17,936
At 28 February 2023
5,842
103
2,661
8,606
Foreland Homes Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
5,181
-
Accrued income and prepayments
-
18,478
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
-
Loans from directors
566,138
696,986
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).