Registered number
11032906
Future High Street Living (211BS) Ltd
Report and Accounts
26 September 2024
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Future High Street Living (211BS) Ltd
Registered number: 11032906
Balance Sheet
as at 26 September 2024
Notes 2024 2023
£ £
Current assets
Stocks 3,000,000 3,000,000
Debtors 3 476,417 476,153
3,476,417 3,476,153
Creditors: amounts falling due within one year 4 (5,088,633) (4,609,436)
Net current liabilities (1,612,216) (1,133,283)
Total assets less current liabilities (1,612,216) (1,133,283)
Creditors: amounts falling due after more than one year 5 (3,093,391) (3,093,391)
Net liabilities (4,705,607) (4,226,674)
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,705,707) (4,226,774)
Shareholders' funds (4,705,607) (4,226,674)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Ginda
Director
Approved by the board on 26 June 2025
Future High Street Living (211BS) Ltd
Notes to the Accounts
for the period from 28 September 2023 to 26 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stock and work in progress is measured at the lower of cost and net realisable value, including an appropriate share of overheads.

In the case of long term work in progress the company takes no profits until the final outcome of the project is known with reasonable certainty, however the company makes full provisions for possible losses as soon as the company is aware of these.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Amounts owed by connected companies 475,747 475,747
Other debtors 670 406
476,417 476,153
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,952 5,952
Trade creditors 196,977 194,474
Amounts owed to connected companies 1,183,830 1,183,830
Other creditors 3,701,874 3,225,180
5,088,633 4,609,436
Other creditors includes amounts of £1,784,250 (2023 £1,308,450) which are secured on the company's work in progress.
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 43,391 43,391
Other creditors 3,050,000 3,050,000
3,093,391 3,093,391
At 26th September 2024 the company owed £161,487 (2023 £161,487) to a director.
All related party transactions are on normal commercial terms at arms length.
Other creditors includes amounts of £3,050,000 (2023 £3,050,000) which are secured on the company's work in progress.
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