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REGISTERED NUMBER: SC218341 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Forceultra Limited

Forceultra Limited (Registered number: SC218341)






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


Forceultra Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr R J Moore
Mrs D Moore





SECRETARY: Mr R J Moore





REGISTERED OFFICE: Cowan & Partners
60 Constitution Street
Edinburgh
EH6 6RR





REGISTERED NUMBER: SC218341 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Forceultra Limited (Registered number: SC218341)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 918,974 919,196

CURRENT ASSETS
Debtors 5 - 18
Cash at bank 110,329 49,334
110,329 49,352
CREDITORS
Amounts falling due within one year 6 607,821 555,143
NET CURRENT LIABILITIES (497,492 ) (505,791 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,482

413,405

PROVISIONS FOR LIABILITIES 53,882 53,882
NET ASSETS 367,600 359,523

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 215,528 215,528
Retained earnings 151,072 142,995
SHAREHOLDERS' FUNDS 367,600 359,523

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 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.

Forceultra Limited (Registered number: SC218341)

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 Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





Mr R J Moore - Director


Forceultra Limited (Registered number: SC218341)

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

1. STATUTORY INFORMATION

Forceultra 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.

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


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Income
Rental income from investment property leased out under operating leases is recognised in the profit and loss account on a straight-line basis over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Not provided
Plant and machinery etc - 25% on reducing balance and Not provided

Investment properties are held at fair value, based on directors' assessment of realisable value on the open market. This assessment is compared against values for comparable properties and deemed reflective of the fair value. It is the intention of the directors to obtain a formal valuation in the year to 31 May 2025 to confirm the fair value of the assets in the current market.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 and 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.


Forceultra Limited (Registered number: SC218341)

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

2. ACCOUNTING POLICIES - continued
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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 825,000 118,630 943,630
DEPRECIATION
At 1 June 2023 - 24,434 24,434
Charge for year - 222 222
At 31 May 2024 - 24,656 24,656
NET BOOK VALUE
At 31 May 2024 825,000 93,974 918,974
At 31 May 2023 825,000 94,196 919,196

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2014 215,528 - 215,528
Cost 609,472 118,630 728,102
825,000 118,630 943,630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors - 18

Forceultra Limited (Registered number: SC218341)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 9,066 7,100
Other creditors 598,755 548,043
607,821 555,143

7. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 215,528