REGISTERED NUMBER: 01252209 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

FOREMAN BROS. PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Foreman

G Foreman

J Foreman

REGISTERED OFFICE:

22 Western Road

Borough Green

Sevenoaks

Kent

TN15 8AG

REGISTERED NUMBER:

01252209 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

4

613,671

613,700

CURRENT ASSETS

Debtors

5

131,160

131,160

Cash at bank

904,527

829,159

1,035,687

960,319

CREDITORS

Amounts falling due within one year

6

(65,563

)

(66,113

)

NET CURRENT ASSETS

970,124

894,206

TOTAL ASSETS LESS CURRENT LIABILITIES

1,583,795

1,507,906

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Share premium

7

9,882

9,882

Retained earnings

7

1,553,913

1,478,024

SHAREHOLDERS' FUNDS

1,583,795

1,507,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:

J Foreman - Director

1.	STATUTORY INFORMATION

Foreman Bros. 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.

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

Freehold property is recorded at historic cost with no revaluation to fair value. The directors consider the costs associated with regular revaluations to be prohibitive.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 December 2023

and 30 November 2024

613,584

7,234

1,442

622,260

DEPRECIATION

At 1 December 2023

-

7,234

1,326

8,560

Charge for year

-

-

29

29

At 30 November 2024

-

7,234

1,355

8,589

NET BOOK VALUE

At 30 November 2024

613,584

-

87

613,671

At 30 November 2023

613,584

-

116

613,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Loan to Foreman Bros Limited

131,160

131,160

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

23,292

19,791

Tax

35,871

41,348

Social security and other taxes

1,966

1,020

Directors' current accounts

1,440

960

Accrued expenses

2,994

2,994

65,563

66,113

7.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 December 2023

1,478,024

9,882

1,487,906

Profit for the year

107,889

107,889

Dividends

(32,000

)

(32,000

)

At 30 November 2024

1,553,913

9,882

1,563,795

8.	CONTINGENT LIABILITIES

Bank facilities of related companies are indemnified by inter-company guarantees.

9.	RELATED PARTY DISCLOSURES

The directors own and control Foreman Bros Limited. The company has loaned Foreman Bros Limited £131160 (2023-£131160). Interest of £3600 was received in the year (2023-3600). The company received rent from Foreman Bros Limited totalling £10800 (2023-£10800).

Management fees totalling £8040 (2023-£7305) were paid to Back 2 Front Limited. R Foreman is a director and shareholder in Foreman Bros. Properties Limited and he is a director and shareholder of and in Back 2 Front Limited.