Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312023-09-01falseinvestment and lending into a property company for the purpose ofdeveloping and selling property22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10899208 2023-09-01 2024-08-31 10899208 2022-09-01 2023-08-31 10899208 2024-08-31 10899208 2023-08-31 10899208 c:Director2 2023-09-01 2024-08-31 10899208 d:CurrentFinancialInstruments 2024-08-31 10899208 d:CurrentFinancialInstruments 2023-08-31 10899208 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10899208 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10899208 d:ShareCapital 2024-08-31 10899208 d:ShareCapital 2023-08-31 10899208 d:RetainedEarningsAccumulatedLosses 2024-08-31 10899208 d:RetainedEarningsAccumulatedLosses 2023-08-31 10899208 c:OrdinaryShareClass1 2023-09-01 2024-08-31 10899208 c:OrdinaryShareClass1 2024-08-31 10899208 c:OrdinaryShareClass1 2023-08-31 10899208 c:FRS102 2023-09-01 2024-08-31 10899208 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10899208 c:FullAccounts 2023-09-01 2024-08-31 10899208 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10899208 2 2023-09-01 2024-08-31 10899208 6 2023-09-01 2024-08-31 10899208 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10899208









FORREST ONE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
FORREST ONE LIMITED
REGISTERED NUMBER: 10899208

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 6 
130
130

  
130
130

Current assets
  

Debtors: amounts falling due within one year
 7 
1,429,633
1,651,633

Cash at bank and in hand
  
291,963
71,379

  
1,721,596
1,723,012

Creditors: amounts falling due within one year
 8 
(1,751,388)
(1,751,170)

Net current liabilities
  
 
 
(29,792)
 
 
(28,158)

Total assets less current liabilities
  
(29,662)
(28,028)

  

Net liabilities
  
(29,662)
(28,028)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(29,762)
(28,128)

  
(29,662)
(28,028)


Page 1

 
FORREST ONE LIMITED
REGISTERED NUMBER: 10899208
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


N Zadikov
Director

Date: 17 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FORREST ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Forrest One Limited is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The shareholders will continue their financial support to the company. Therefore, the directors have adopted the going concern basis of accounting in preparing the financial statements

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
FORREST ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. 


4.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


5.


Factors affecting future taxation





There are unused carried forward tax losses of £15,902 which may affect future taxation. No deferred tax asset has been recognised on this amount due to uncertainty over when this asset will crystallise.

Page 4

 
FORREST ONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 September 2023
130



At 31 August 2024
130





7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,417,073
1,639,073

Other debtors
12,560
12,560

1,429,633
1,651,633



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,749,900
1,749,900

Accruals and deferred income
1,488
1,270

1,751,388
1,751,170



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Share Capital shares of £1.00 each
100
100



10.


Related party transactions

Included in debtors is an amount of £1,417,073 (2023: £1,639,073) due from a subsidiary company. Other creditors include loans of £1,749,900 (2023: £1,749,900) provided by the shareholders.

Page 5