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Company Registration No. 13864982 (England and Wales)
Forrest Property Management Limited Unaudited accounts for the year ended 31 January 2024
Forrest Property Management Limited Unaudited accounts Contents
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Forrest Property Management Limited Company Information for the year ended 31 January 2024
Director
Luke Peter Forrest
Secretary
Luke Forrest
Company Number
13864982 (England and Wales)
Registered Office
Ryemead Lodge Church Road Winkfield Windsor, Berkshire SL4 4SE England
Accountants
Partners Accountancy Northdene Middle Hill Egham Surrey TW20 0JL
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Forrest Property Management Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,653 
2,066 
Investment property
360,074 
360,074 
361,727 
362,140 
Current assets
Debtors
- 
1,740 
Cash at bank and in hand
4,150 
4,204 
4,150 
5,944 
Creditors: amounts falling due within one year
(10,479)
(2,280)
Net current (liabilities)/assets
(6,329)
3,664 
Total assets less current liabilities
355,398 
365,804 
Creditors: amounts falling due after more than one year
(316,679)
(349,239)
Net assets
38,719 
16,565 
Capital and reserves
Called up share capital
100 
- 
Profit and loss account
38,619 
16,565 
Shareholders' funds
38,719 
16,565 
For the year ending 31 January 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
Luke Peter Forrest Director Company Registration No. 13864982
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Forrest Property Management Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Forrest Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 13864982. The registered office is Ryemead Lodge, Church Road, Winkfield, Windsor, Berkshire, SL4 4SE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20
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Forrest Property Management Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
2,583 
At 31 January 2024
2,583 
Depreciation
At 1 February 2023
517 
Charge for the year
413 
At 31 January 2024
930 
Net book value
At 31 January 2024
1,653 
At 31 January 2023
2,066 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
360,074 
At 31 January 2024
360,074 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,740 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
9,075 
- 
Other creditors
- 
1,500 
Accruals
1,404 
780 
10,479 
2,280 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
254,980 
254,980 
Loans from directors
61,699 
94,259 
316,679 
349,239 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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