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REGISTERED NUMBER: 03962100 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Forwardbreak Limited

Forwardbreak Limited (Registered number: 03962100)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forwardbreak Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D W Perkin
Mrs J A Toomey





SECRETARY: Mrs J A Toomey





REGISTERED OFFICE: 96-102 Oldham Street
Manchester
Greater Manchester
M4 1LJ





REGISTERED NUMBER: 03962100 (England and Wales)





ACCOUNTANTS: Woodhouse
25 Netherwood Road
Manchester
M22 4BW

Forwardbreak Limited (Registered number: 03962100)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,437 1,691
Investments 5 1,000 1,000
Investment property 6 1,020,857 1,020,857
1,023,294 1,023,548

CURRENT ASSETS
Debtors 7 22,733 96,276
Cash at bank 71,969 28,138
94,702 124,414
CREDITORS
Amounts falling due within one year 8 555,720 510,243
NET CURRENT LIABILITIES (461,018 ) (385,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,276

637,719

CREDITORS
Amounts falling due after more than one
year

9

(119,920

)

(179,861

)

PROVISIONS FOR LIABILITIES (80,002 ) (80,002 )
NET ASSETS 362,354 377,856

CAPITAL AND RESERVES
Called up share capital 900 900
Revaluation reserve 10 431,998 431,998
Capital redemption reserve (100,000 ) (100,000 )
Other reserves 100 100
Retained earnings 29,356 44,858
362,354 377,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Forwardbreak Limited (Registered number: 03962100)

Balance Sheet - continued
29 February 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 18 November 2024 and were signed on its behalf by:





D W Perkin - Director


Forwardbreak Limited (Registered number: 03962100)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Forwardbreak 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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).

Forwardbreak Limited (Registered number: 03962100)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 29,423
DEPRECIATION
At 1 March 2023 27,732
Charge for year 254
At 29 February 2024 27,986
NET BOOK VALUE
At 29 February 2024 1,437
At 28 February 2023 1,691

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 1,000
NET BOOK VALUE
At 29 February 2024 1,000
At 28 February 2023 1,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,020,857
NET BOOK VALUE
At 29 February 2024 1,020,857
At 28 February 2023 1,020,857

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 22,733 69,789
Other debtors - 26,487
22,733 96,276

Forwardbreak Limited (Registered number: 03962100)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 34,722 39,738
Trade creditors 29,697 34,011
Amounts owed to group undertakings 419,808 339,808
Taxation and social security 13,222 17,051
Other creditors 58,271 79,635
555,720 510,243

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 119,920 179,861

10. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 431,998