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REGISTERED NUMBER: SC547282 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Forrest Road Holdings Limited

Forrest Road Holdings Limited (Registered number: SC547282)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forrest Road Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs L Dunsmore
J M Dunsmore
L Stornaiuolo





REGISTERED OFFICE: 61 Forrest Road
Edinburgh
EH1 2QP





REGISTERED NUMBER: SC547282 (Scotland)





ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ

Forrest Road Holdings Limited (Registered number: SC547282)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,733,907 1,743,605

CURRENT ASSETS
Stocks 10,614 11,625
Debtors 5 6,037 6,609
Cash at bank and in hand 25,465 30,168
42,116 48,402
CREDITORS
Amounts falling due within one year 6 109,209 118,020
NET CURRENT LIABILITIES (67,093 ) (69,618 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,666,814

1,673,987

CREDITORS
Amounts falling due after more than one
year

7

571,316

573,198
NET ASSETS 1,095,498 1,100,789

CAPITAL AND RESERVES
Called up share capital 1,100,001 1,100,001
Retained earnings (4,503 ) 788
SHAREHOLDERS' FUNDS 1,095,498 1,100,789

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

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

Forrest Road Holdings Limited (Registered number: SC547282)

Balance Sheet - continued
30 June 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 5 March 2025 and were signed on its behalf by:





J M Dunsmore - Director


Forrest Road Holdings Limited (Registered number: SC547282)

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

1. STATUTORY INFORMATION

Forrest Road Holdings 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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.

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 19 (2023 - 19 ) .

Forrest Road Holdings Limited (Registered number: SC547282)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1,711,883 67,265 1,779,148
Additions - 2,975 2,975
At 30 June 2024 1,711,883 70,240 1,782,123
DEPRECIATION
At 1 July 2023 - 35,543 35,543
Charge for year - 12,673 12,673
At 30 June 2024 - 48,216 48,216
NET BOOK VALUE
At 30 June 2024 1,711,883 22,024 1,733,907
At 30 June 2023 1,711,883 31,722 1,743,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 6,037 6,609

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 9,808 32,000
Trade creditors 29,924 30,830
Taxation and social security 31,450 42,732
Other creditors 38,027 12,458
109,209 118,020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 14,432 469,898
Amounts owed to associates 453,584 -
Other creditors 103,300 103,300
571,316 573,198