| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| FWD Developments Ltd |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| FWD Developments Ltd (Registered number: 09126356) |
| Balance Sheet - continued |
| 31 March 2025 |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| Other creditors |
| 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. |