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REGISTERED NUMBER: 13375843 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Form Properties Limited

Form Properties Limited (Registered number: 13375843)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Form Properties Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M E Foster-Smith
G Lewis





REGISTERED OFFICE: St John's Road
Meadowfield Industrial Estate
Durham
County Durham
DH7 8RJ





REGISTERED NUMBER: 13375843 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Form Properties Limited (Registered number: 13375843)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,186 3,546
Investments 5 375 375
3,561 3,921

CURRENT ASSETS
Debtors 6 295,313 360,068
Cash at bank 9,970 4,476
305,283 364,544
CREDITORS
Amounts falling due within one year 7 240,313 313,924
NET CURRENT ASSETS 64,970 50,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,531

54,541

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 67,531 53,541
SHAREHOLDERS' FUNDS 68,531 54,541

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:




M E Foster-Smith - Director


Form Properties Limited (Registered number: 13375843)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Form Properties 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition
Income is recognised when the service is provided. Where services have been provided but not invoiced at the balance sheet date the value is included in accrued income within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investments in associates
Investments in associate undertakings are recognised at cost less impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with charges recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or 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.


Form Properties Limited (Registered number: 13375843)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 294 1,169 2,816 4,279
Additions - 411 418 829
At 30 April 2024 294 1,580 3,234 5,108
DEPRECIATION
At 1 May 2023 61 49 623 733
Charge for year 74 348 767 1,189
At 30 April 2024 135 397 1,390 1,922
NET BOOK VALUE
At 30 April 2024 159 1,183 1,844 3,186
At 30 April 2023 233 1,120 2,193 3,546

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 May 2023
and 30 April 2024 375
NET BOOK VALUE
At 30 April 2024 375
At 30 April 2023 375

Form Properties Limited (Registered number: 13375843)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 43,000
Amounts owed by participating interests 272,145 273,485
Other debtors 23,168 43,583
295,313 360,068

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 24,484 -
Directors' current accounts 214,829 312,924
Accruals and deferred income 1,000 1,000
240,313 313,924

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
1,000 1,000

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group and those conducted at market rate.

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2024 2023
£    £   
Amounts owed to directors 214,829 312,924

Amounts owed from participating interest 272,145 273,485