Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 09430232 R M Leckie D P Christian M L Jephcott H T Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09430232 2023-02-28 09430232 2024-02-28 09430232 2023-03-01 2024-02-28 09430232 frs-core:CurrentFinancialInstruments 2024-02-28 09430232 frs-core:Non-currentFinancialInstruments 2024-02-28 09430232 frs-core:ShareCapital 2024-02-28 09430232 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 09430232 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09430232 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 09430232 frs-bus:SmallEntities 2023-03-01 2024-02-28 09430232 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09430232 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 09430232 frs-bus:Director1 2023-03-01 2024-02-28 09430232 frs-bus:Director2 2023-03-01 2024-02-28 09430232 frs-bus:Director3 2023-03-01 2024-02-28 09430232 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 09430232 frs-core:CurrentFinancialInstruments 1 2024-02-28 09430232 frs-core:CurrentFinancialInstruments 2 2024-02-28 09430232 frs-core:CurrentFinancialInstruments 3 2024-02-28 09430232 frs-countries:EnglandWales 2023-03-01 2024-02-28 09430232 2022-02-28 09430232 2023-02-28 09430232 2022-03-01 2023-02-28 09430232 frs-core:CurrentFinancialInstruments 2023-02-28 09430232 frs-core:Non-currentFinancialInstruments 2023-02-28 09430232 frs-core:ShareCapital 2023-02-28 09430232 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 09430232 frs-core:CurrentFinancialInstruments 1 2023-02-28 09430232 frs-core:CurrentFinancialInstruments 2 2023-02-28 09430232 frs-core:CurrentFinancialInstruments 3 2023-02-28
Registered number: 09430232
Formula Land (Polegate) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
R Best & Co Ltd
Office 6
7 - 11 High Street
Reigate
Surrey
RH2 9AA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 09430232
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,070,082 881,542
Debtors 5 (56,107 ) 137,393
Cash at bank and in hand - 109
1,013,975 1,019,044
Creditors: Amounts Falling Due Within One Year 6 (938,309 ) (939,355 )
NET CURRENT ASSETS (LIABILITIES) 75,666 79,689
TOTAL ASSETS LESS CURRENT LIABILITIES 75,666 79,689
NET ASSETS 75,666 79,689
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 75,656 79,679
SHAREHOLDERS' FUNDS 75,666 79,689
For the year ending 28 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R M Leckie
Director
20 November 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Formula Land (Polegate) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09430232 . The registered office is Office 6, 7 - 11 High Street, Reigate, Surrey, RH2 9AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Work in progress 1,070,082 881,542
5. Debtors
2024 2023
£ £
Due within one year
Tooley Developments LLP (184,453 ) 9,047
Ninfield Investments Ltd 20,846 20,846
Formula Land (Oldfield House) Ltd 7,500 7,500
(156,107 ) 37,393
Due after more than one year
Other debtors 100,000 100,000
(56,107 ) 137,393
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,198 89,028
Robert Leckie Estates Limited 685 685
Montague Investments Ltd 83,923 83,923
Mr D P Christian 175,000 175,000
Accruals and deferred income 7,453 7,150
Directors' loan accounts 612,050 583,569
938,309 939,355
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 2