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REGISTERED NUMBER: 11303397 (England and Wales)























Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Forton Business Park Ltd

Forton Business Park Ltd (Registered number: 11303397)

Contents of the Financial Statements
for the Year Ended 5 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Forton Business Park Ltd

Company Information
for the Year Ended 5 April 2024







DIRECTORS: Mrs J D Collinson
Mr I Collinson
Mr D J Collinson





REGISTERED OFFICE: Nateby Works
Longmoor Lane
Preston
Lancs
PR3 0JB





REGISTERED NUMBER: 11303397 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Forton Business Park Ltd (Registered number: 11303397)

Statement of Financial Position
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 348 435
Investment property 5 806,622 806,622
806,970 807,057

CURRENT ASSETS
Debtors 6 16,087 15,855
Cash at bank 258,690 211,077
274,777 226,932
CREDITORS
Amounts falling due within one year 7 868,673 865,574
NET CURRENT LIABILITIES (593,896 ) (638,642 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,074

168,415

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 212,774 168,115
SHAREHOLDERS' FUNDS 213,074 168,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Forton Business Park Ltd (Registered number: 11303397)

Statement of Financial Position - continued
5 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:




Mrs J D Collinson - Director



Mr D J Collinson - Director


Forton Business Park Ltd (Registered number: 11303397)

Notes to the Financial Statements
for the Year Ended 5 April 2024


1. STATUTORY INFORMATION

Forton Business Park Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
The investment property has been shown at the fair value at the period end. Any aggregate surplus or deficit arising from the changes in the fair value is recognised in the profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2023
and 5 April 2024 1,123
DEPRECIATION
At 6 April 2023 688
Charge for year 87
At 5 April 2024 775
NET BOOK VALUE
At 5 April 2024 348
At 5 April 2023 435

Forton Business Park Ltd (Registered number: 11303397)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 806,622
NET BOOK VALUE
At 5 April 2024 806,622
At 5 April 2023 806,622

The director has conducted a review of the property valuations at the year end date and has concluded that they are still held at cost price. A further review will be carried out each year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 16,087 15,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 1 -
Tax 14,915 12,096
Directors' loan accounts 844,916 844,916
Accruals and deferred income 7,841 7,562
Accrued expenses 1,000 1,000
868,673 865,574

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed £844,916 to the directors at the year end. No interest has been charged on these loans and are repayable on demand.