Registered number
SC462991
Forum Property Developments Ltd
Filleted Accounts
30 September 2024
Forum Property Developments Ltd
Registered number: SC462991
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 3,561
Current assets
Debtors 5 - 1,393
Cash at bank and in hand 1 4
1 1,397
Creditors: amounts falling due within one year 6 (372) (832)
Net current (liabilities)/assets (371) 565
Total assets less current liabilities (371) 4,126
Creditors: amounts falling due after more than one year 7 (1,933) (3,481)
Net (liabilities)/assets (2,304) 645
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,404) 545
Shareholders' funds (2,304) 645
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Benson
Director
Approved by the board on 7 October 2024
Forum Property Developments Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 September 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 8,901
At 30 September 2024 8,901
Amortisation
At 1 April 2023 5,340
Provided during the period 3,561
At 30 September 2024 8,901
Net book value
At 30 September 2024 -
At 31 March 2023 3,561
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,028
At 30 September 2024 2,028
Depreciation
At 1 April 2023 2,028
At 30 September 2024 2,028
Net book value
At 30 September 2024 -
5 Debtors 2024 2023
£ £
Other debtors - 1,393
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,158 1,158
Taxation and social security costs 1,210 2,067
Director's account (3,436) (4,128)
Accruals 1,440 1,735
372 832
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,933 3,481
8 Other information
Forum Property Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
43 Achray Court
Alloa
Scotland
FK10 1QG
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