2023-05-01 02039549 2024-04-30 02039549 2023-05-01 2024-04-30 02039549 2023-04-30 02039549 2022-05-01 2023-04-30 02039549 uk-core:WithinOneYear 2023-04-30 02039549 uk-core:WithinOneYear 2024-04-30 02039549 uk-core:AfterOneYear 2023-04-30 02039549 uk-core:AfterOneYear 2024-04-30 02039549 uk-core:ShareCapital 2024-04-30 02039549 uk-core:ShareCapital 2023-04-30 02039549 uk-core:RevaluationReserve 2024-04-30 02039549 uk-core:RevaluationReserve 2023-04-30 02039549 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 02039549 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 02039549 uk-bus:Director1 2023-05-01 2024-04-30 02039549 uk-core:ComputerEquipment 2023-05-01 2024-04-30 02039549 uk-core:Vehicles 2023-05-01 2024-04-30 02039549 uk-core:ComputerEquipment 2023-04-30 02039549 uk-core:Vehicles 2023-04-30 02039549 uk-core:Vehicles 2024-04-30 02039549 uk-core:ComputerEquipment 2024-04-30 02039549 uk-core:WithinOneYear uk-core:Secured 2024-04-30 02039549 uk-core:WithinOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure 02039549 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02039549 uk-bus:FRS102 2023-05-01 2024-04-30 02039549 uk-bus:FullAccounts 2023-05-01 2024-04-30 02039549 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Forextra Developments Limited
Registered Number:02039549
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
02039549
As at 30 April 2024
Forextra Developments Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
29,818
39,757
2
3
87,000,000
90,000,000
Investment property
87,029,818
90,039,757
Current assets
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
Capital and reserves
Called up share capital
100
100
Revaluation reserve
60,131,292
63,131,292
7
Retained earnings
(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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4
Registered Number :
02039549
For the year ended 30 April 2024
Forextra Developments Limited
Statement of Financial Position Continued
Mr S Sutton Director
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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5
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
Registered address:
1c Oundle Avenue
Bushey
Herts
WD23 4QG
The presentation currency is £ sterling.
1. Accounting policies
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:
25% Reducing balance
Computer Equipment
25% Reducing balance
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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6
For the year ended 30 April 2024
Forextra Developments Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 May 2023
73,948
5,299
68,649
At 30 April 2024
68,649
5,299
73,948
Provision for depreciation and impairment
At 01 May 2023
34,191
3,623
30,568
Charge for year
9,939
419
9,520
At 30 April 2024
44,130
4,042
40,088
At 30 April 2024
Net book value
28,561
1,257
29,818
At 30 April 2023
38,081
1,676
39,757
3. Investment property
Total
£
Fair value
At 01 May 2023
90,000,000
Fair value adjustments
(3,000,000)
At 30 April 2024
87,000,000
Net book value
At 30 April 2024
87,000,000
At 30 April 2023
90,000,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
590,358
134,601
Amounts owed by group undertakings and participating interests
50,772,961
50,657,511
Other debtors
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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7
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
Trade creditors
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
Other creditors
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
Debentures
6,950,857
6,410,341
17,251,013
16,710,497
7. Reserves
Total
£
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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