Forextra Developments Limited |
Registered Number:02039549 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2024
Forextra Developments Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Forextra Developments Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
29,818
39,757
2
3
87,000,000
90,000,000
87,029,818
90,039,757
Trade and other receivables |
50,855,716
51,438,054
4
1,499,467
Cash and cash equivalents |
1,230,599
52,668,653
52,355,183
Trade and other payables: amounts falling due within one |
year |
(50,857,760)
(52,174,148)
5
1,497,423
494,505
Net current assets
Total assets less current liabilities |
87,524,323
91,537,180
Trade and other payables: amounts falling due after more |
than one year |
(16,710,497)
(17,251,013)
6
(13,290,000)
(13,290,000)
Provisions for liabilities |
56,983,310
Net assets
61,536,683
100
100
60,131,292
63,131,292
7
(3,148,082)
(1,594,709)
56,983,310
61,536,683
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 April 2024
Forextra Developments Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 22 April 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2024
Forextra Developments Limited
Notes to the Financial Statements
Statutory Information
Forextra Developments Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 02039549. |
Principal place of business: |
105 Jermyn Street
London
SW1Y 6EE
1c Oundle Avenue
Bushey
Herts
WD23 4QG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax .
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation
Taxation represents the sum of tax currently payable and deferred tax. |
The company's liability for current tax is calculated using rates that have been enacted or substantively enacted by |
the end of the reporting period. |
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the |
financial statements and the corresponding tax bases used in the the computation of taxable profit. |
Deferred tax liabilities are measured at the rates that are expected to apply in the period in which the liability is |
settled based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting |
period. |
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For the year ended 30 April 2024
Forextra Developments Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
73,948
5,299
68,649
68,649
5,299
73,948
Provision for depreciation and impairment |
34,191
3,623
30,568
Charge for year
9,939
419
9,520
44,130
4,042
40,088
28,561
1,257
29,818
38,081
1,676
39,757
90,000,000
(3,000,000)
87,000,000
87,000,000
90,000,000
4. Trade and other receivables |
2023
2024
590,358
134,601
Amounts owed by group undertakings and participating interests |
50,772,961
50,657,511
74,735
63,604
50,855,716
51,438,054
The debtors above include the following amounts falling due after more than one year: |
Amounts owed by group undertakings and participating interests |
50,772,961
50,657,511
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For the year ended 30 April 2024
Forextra Developments Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
48,950,000
48,950,000
505,115
466,667
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
1,200,000
901,955
Taxation and social security |
206,851
225,821
1,312,182
313,317
52,174,148
50,857,760
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
10,300,156
10,300,156
6,950,857
6,410,341
17,251,013
16,710,497
Revaluation reserve at 01 May 2023 |
63,131,292
Revaluation of fixed assets |
(3,000,000)
60,131,292
Revaluation reserve at 30 April 2024 |
8. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 5)
9. Parent-subsidiary relationship |
The parent company is Frelene Limited whose registered office is 1c Oundle Avenue, Bushey, Herts, WD23 4QG and whose principal business address is 25-28 Old Burlington Street, London, W1S 3AN. |
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