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REGISTERED NUMBER: SC255862 (Scotland)



















FOREVER GREEN INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024






FOREVER GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: SC255862)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOREVER GREEN INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mrs Angela Sin Yee Wong





SECRETARY: Tung Loi Wong





REGISTERED OFFICE: 9 Royal Crescent
Glasgow
G3 7SP





REGISTERED NUMBER: SC255862 (Scotland)





ACCOUNTANTS: CW
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

FOREVER GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: SC255862)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 150,000 150,000

CURRENT ASSETS
Cash at bank 60,124 53,699

CREDITORS
Amounts falling due within one year 5 3,663 4,630
NET CURRENT ASSETS 56,461 49,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,461

199,069

PROVISIONS FOR LIABILITIES 5,254 5,254
NET ASSETS 201,207 193,815

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 6 22,401 22,401
Retained earnings 6 178,804 171,412
SHAREHOLDERS' FUNDS 201,207 193,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

FOREVER GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: SC255862)

BALANCE SHEET - continued
30 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 director and authorised for issue on 21 November 2024 and were signed by:





Mrs Angela Sin Yee Wong - Director


FOREVER GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: SC255862)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Forever Green Investments Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover and revenue recognition
The turnover shown in the profit and loss account represents the rental income receivable for the year. Income is recognised on the basis of rent due for the year.

Investment property
Investment properties are shown at their fair value. The surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market is not considered to be permanent.

This is in accordance with FRS102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve together with the fair value movement.

Financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FOREVER GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: SC255862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 150,000
NET BOOK VALUE
At 30 April 2024 150,000
At 30 April 2023 150,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2018 27,655
Cost 122,345
150,000

The investment property was revalued on an open market by the director on 30 April 2018. The director's valuation at 30 April 2024 remains unchanged.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation Tax 2,672 2,748
Accrued expenses and prepaid
income 991 1,882
3,663 4,630

6. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 171,412 22,401 193,813
Profit for the year 11,392 11,392
Dividends (4,000 ) (4,000 )
At 30 April 2024 178,804 22,401 201,205