Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00431068 2023-04-01 2024-03-31 00431068 2022-04-01 2023-03-31 00431068 2024-03-31 00431068 2023-03-31 00431068 c:Director1 2023-04-01 2024-03-31 00431068 d:PlantMachinery 2023-04-01 2024-03-31 00431068 d:PlantMachinery 2024-03-31 00431068 d:PlantMachinery 2023-03-31 00431068 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00431068 d:MotorVehicles 2023-04-01 2024-03-31 00431068 d:OfficeEquipment 2023-04-01 2024-03-31 00431068 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 00431068 d:FreeholdInvestmentProperty 2024-03-31 00431068 d:FreeholdInvestmentProperty 2023-03-31 00431068 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 00431068 d:CurrentFinancialInstruments 2024-03-31 00431068 d:CurrentFinancialInstruments 2023-03-31 00431068 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00431068 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00431068 d:ShareCapital 2024-03-31 00431068 d:ShareCapital 2023-03-31 00431068 d:CapitalRedemptionReserve 2024-03-31 00431068 d:CapitalRedemptionReserve 2023-03-31 00431068 d:RetainedEarningsAccumulatedLosses 2024-03-31 00431068 d:RetainedEarningsAccumulatedLosses 2023-03-31 00431068 c:FRS102 2023-04-01 2024-03-31 00431068 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00431068 c:FullAccounts 2023-04-01 2024-03-31 00431068 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00431068 6 2023-04-01 2024-03-31 00431068 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 00431068







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


FOREBURY ESTATES LIMITED






































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FOREBURY ESTATES LIMITED
REGISTERED NUMBER:00431068



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,378
23,310

Investments
 5 
100
100

Investment property
 6 
22,702,272
22,029,819

  
22,719,750
22,053,229

Current assets
  

Debtors: amounts falling due within one year
 7 
50,829
5,033

Bank and cash balances
  
2,550,551
2,242,539

  
2,601,380
2,247,572

Creditors: amounts falling due within one year
 8 
(626,680)
(531,843)

Net current assets
  
 
 
1,974,700
 
 
1,715,729

Total assets less current liabilities
  
24,694,450
23,768,958

Provisions for liabilities
  

Deferred tax
  
(1,854,844)
(1,296,166)

  
 
 
(1,854,844)
 
 
(1,296,166)

Net assets
  
22,839,606
22,472,792


Capital and reserves
  

Called up share capital 
  
7,301
7,301

Capital redemption reserve
  
2,799
2,799

Profit and loss account
  
22,829,506
22,462,692

  
22,839,606
22,472,792


Page 1

 


FOREBURY ESTATES LIMITED
REGISTERED NUMBER:00431068


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M E Shipman
Director

Date: 14 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


FOREBURY ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Forebury Estates 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Preparation of consolidated financial statements

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is recognised as rents and other income become due to the company.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


FOREBURY ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
on reducing balance
Motor vehicles
-
25%
on reducing balance
Office equipment
-
25%
on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.7

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is shown in the Income Statement.

 
2.8

Valuation of investment

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 


FOREBURY ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
172,933


Additions
2,357



At 31 March 2024

175,290



Depreciation


At 1 April 2023
149,623


Charge for the year on owned assets
8,289



At 31 March 2024

157,912



Net book value



At 31 March 2024
17,378



At 31 March 2023
23,310

Page 5

 


FOREBURY ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
100



At 31 March 2024
100





6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
22,029,819


Additions at cost
75,002


Surplus on revaluation
597,451



At 31 March 2024
22,702,272

The 2024 valuations were made by the directors with assistance from Derrick Wade Waters, an independent firm of Chartered Surveyors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
6,672,540
6,597,539

6,672,540
6,597,539

Page 6

 


FOREBURY ESTATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Trade debtors
4,400
-

Other debtors
520
-

Prepayments and accrued income
45,909
5,033

50,829
5,033



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,436
4,439

Amounts owed to group undertakings
105
105

Corporation tax
148,030
117,714

Other taxation and social security
45,679
41,407

Other creditors
72,474
22,024

Accruals and deferred income
358,956
346,154

626,680
531,843



9.


Related party transactions

At the balance sheet date the company owed £15,459 (2023: £2,929) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 7