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REGISTERED NUMBER: 10601921 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Forest Properties Wirral Limited

Forest Properties Wirral Limited (Registered number: 10601921)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forest Properties Wirral Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs D Whittaker





REGISTERED OFFICE: Flat 5
The Motor House
44 Forest Road
Prenton
Merseyside
CH43 1UH





REGISTERED NUMBER: 10601921 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Forest Properties Wirral Limited (Registered number: 10601921)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,625 72,949
Investment property 5 420,000 420,000
479,625 492,949

CURRENT ASSETS
Cash at bank 52,196 82,772

CREDITORS
Amounts falling due within one year 6 344,865 370,059
NET CURRENT LIABILITIES (292,669 ) (287,287 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,956

205,662

CREDITORS
Amounts falling due after more than
one year

7

273,682

273,684
NET LIABILITIES (86,726 ) (68,022 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (86,826 ) (68,122 )
(86,726 ) (68,022 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Forest Properties Wirral Limited (Registered number: 10601921)

Balance Sheet - continued
31 May 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 director and authorised for issue on 7 October 2024 and were signed by:





Mrs D Whittaker - Director


Forest Properties Wirral Limited (Registered number: 10601921)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Forest Properties Wirral Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Despite the companies net current liabilities position at the year end the financial statements have been prepared on a going concern basis as the company has the continued support of the director and the company's parent undertaking.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents the fair value of the consideration of rents received excluding value added tax. Turnover is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Forest Properties Wirral Limited (Registered number: 10601921)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 136,363
DEPRECIATION
At 1 June 2023 63,414
Charge for year 13,324
At 31 May 2024 76,738
NET BOOK VALUE
At 31 May 2024 59,625
At 31 May 2023 72,949

Forest Properties Wirral Limited (Registered number: 10601921)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 420,000
NET BOOK VALUE
At 31 May 2024 420,000
At 31 May 2023 420,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 343,866 369,059
Other creditors 999 1,000
344,865 370,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 273,682 273,684

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due after 5 years 273,682 273,684

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 273,682 273,684

9. RELATED PARTY DISCLOSURES

D Whittaker is also a director of Kimberford Associates Limited. Included in other creditors as at 31st May 2024 is £343,866 (2023 £369,059) owing to Kimberford Associates Limited. This loan is interest free and repayable on demand.