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Company Registration No. 13077576 (England and Wales)
Forays Investments Commercial Limited Unaudited accounts for the year ended 31 August 2024
Forays Investments Commercial Limited Unaudited accounts Contents
Page
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Forays Investments Commercial Limited Company Information for the year ended 31 August 2024
Directors
A K Atkinson R N Atkinson
Company Number
13077576 (England and Wales)
Registered Office
6 Cedar Business Park Cedar Lane Frimley Surrey GU16 7AZ England
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Forays Investments Commercial Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
2,876,379 
2,856,865 
Current assets
Debtors
9,000 
491 
Cash at bank and in hand
28,598 
57,942 
37,598 
58,433 
Creditors: amounts falling due within one year
(1,290,929)
(1,330,300)
Net current liabilities
(1,253,331)
(1,271,867)
Total assets less current liabilities
1,623,048 
1,584,998 
Creditors: amounts falling due after more than one year
(1,392,553)
(1,392,553)
Provisions for liabilities
Deferred tax
(43,539)
(43,539)
Net assets
186,956 
148,906 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
186,954 
148,904 
Shareholders' funds
186,956 
148,906 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by
A K Atkinson Director Company Registration No. 13077576
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Forays Investments Commercial Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Forays Investments Commercial Limited is a private company, limited by shares, registered in England and Wales, registration number 13077576. The registered office is 6 Cedar Business Park, Cedar Lane, Frimley, Surrey, GU16 7AZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
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Forays Investments Commercial Limited Notes to the Accounts for the year ended 31 August 2024
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's investment property. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
2,856,865 
Additions
19,514 
At 31 August 2024
2,876,379 
The directors have considered the valuation of the Investment properties and are satisfied that the value above is the market value as at 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
491 
Amounts due from group undertakings etc.
9,000 
- 
9,000 
491 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,193 
10,024 
Trade creditors
449 
11,239 
Amounts owed to group undertakings and other participating interests
1,262,362 
1,292,846 
Taxes and social security
5,325 
- 
Other creditors
14,600 
14,602 
Accruals
- 
1,589 
1,290,929 
1,330,300 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,392,553 
1,392,553 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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