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Registration number: 10926529

Formation Property Development Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Formation Property Development Limited

Contents

Company Information

1

Accountants' Report

2

Income Statement

3

Statement of Financial Position

4 to 5

Notes to the Unaudited Financial Statements

4

 

Formation Property Development Limited

Company Information

Directors

Adrian Morris

Dawn Morris

Registered office

22 Keswick Avenue
Barrow-in-Furness
LA14 4LP

Accountants

S.B.P. (Southport) Limited T/A SB Patel & Co
Chartered Certified Accountants
Tolsey House
1 Marshside Road
Churchtown
Southport
Merseyside
PR9 9TL

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Formation Property Development Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Formation Property Development Limited for the year ended 31 August 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Formation Property Development Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Formation Property Development Limited and state those matters that we have agreed to state to the Board of Directors of Formation Property Development Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Formation Property Development Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Formation Property Development Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Formation Property Development Limited. You consider that Formation Property Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Formation Property Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

S.B.P. (Southport) Limited T/A SB Patel & Co
Chartered Certified Accountants
Tolsey House
1 Marshside Road
Churchtown
Southport
Merseyside
PR9 9TL

15 May 2025

 

Formation Property Development Limited

Income Statement for the Year Ended 31 August 2024

2024
£

2023
£

Revenue

27,281

22,196

Other income

7

-

Cost of raw materials and consumables

(1)

-

Other charges

(30,477)

(32,661)

Loss for the year

(3,190)

(10,465)

 

Formation Property Development Limited

(Registration number: 10926529)
Statement of Financial Position as at 31 August 2024

2024
£

2023
£

Fixed assets

210,401

210,153

Current assets

98,835

99,279

Creditors: Amounts falling due within one year

(164,387)

(161,514)

Net current liabilities

(65,552)

(62,235)

Total assets less current liabilities

144,849

147,918

Creditors: Amounts falling due after more than one year

(260,348)

(260,348)

Accruals and deferred income

(1,056)

(936)

 

(116,555)

(113,366)

Capital and reserves

(116,555)

(113,366)

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
22 Keswick Avenue
Barrow-in-Furness
LA14 4LP
England

These financial statements were authorised for issue by the Board on 15 May 2025.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Formation Property Development Limited

(Registration number: 10926529)
Statement of Financial Position as at 31 August 2024

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 15 May 2025 and signed on its behalf by:
 

.........................................
Adrian Morris
Director