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REGISTERED NUMBER: 09126356 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

FWD Developments Ltd

FWD Developments Ltd (Registered number: 09126356)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FWD Developments Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: T P O Falla
S C Wheeldon





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 09126356 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

FWD Developments Ltd (Registered number: 09126356)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
CURRENT ASSETS
Debtors 4 - 129,078
Cash at bank 131,743 801
131,743 129,879
CREDITORS
Amounts falling due within one year 5 9,054 10,858
NET CURRENT ASSETS 122,689 119,021
TOTAL ASSETS LESS CURRENT LIABILITIES 122,689 119,021

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 122,688 119,020
122,689 119,021

FWD Developments Ltd (Registered number: 09126356)

Balance Sheet - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 May 2025 and were signed on its behalf by:




T P O Falla - Director



S C Wheeldon - Director


FWD Developments Ltd (Registered number: 09126356)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

FWD Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


FWD Developments Ltd (Registered number: 09126356)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed by participating interests - 129,078

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 1,303 4,968
Other creditors 7,751 5,890
9,054 10,858

FWD Developments Ltd (Registered number: 09126356)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management

Other related
parties


Total
2025 £ £ £
At start of period 3,090 1,000 4,090
Advanced 1,291 - 1,291
Repaid - - -
At end of period 4,381 1,000 5,381


Key
management

Other related
parties


Total
2024 £ £ £
At start of period 1,872 2,000 3,872
Advanced 1,268 1,000 2,268
Repaid (50 ) (2,000 ) (2,050 )
At end of period 3,090 1,000 4,090

Loans from key management are interest free and repayable on demand.

Loans from other related parties are interest free and repayable on demand.

FWD Developments Ltd (Registered number: 09126356)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. RELATED PARTY DISCLOSURES - continued

Loans to related parties



Other related
parties


Total
2025 £ £
At start of period 129,078 129,078
Advanced 7,473 7,473
Repaid (136,551 ) (136,551 )
At end of period - -


Other related
parties


Total
2024 £ £
At start of period 121,754 121,754
Advanced 7,324 7,324
Repaid - -
At end of period 129,078 129,078

The loans to other related parties are repayable on demand and interest is charged at 6% per annum.