IRIS Accounts Production v25.1.4.42 11154724 Board of Directors Board of Directors 1.4.23 28.9.24 28.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111547242023-03-31111547242024-09-28111547242023-04-012024-09-28111547242022-03-31111547242022-04-012023-03-31111547242023-03-3111154724ns15:EnglandWales2023-04-012024-09-2811154724ns14:PoundSterling2023-04-012024-09-2811154724ns10:Director12023-04-012024-09-2811154724ns10:Director22023-04-012024-09-2811154724ns10:PrivateLimitedCompanyLtd2023-04-012024-09-2811154724ns10:SmallEntities2023-04-012024-09-2811154724ns10:AuditExempt-NoAccountantsReport2023-04-012024-09-2811154724ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-09-2811154724ns10:SmallCompaniesRegimeForAccounts2023-04-012024-09-2811154724ns10:FullAccounts2023-04-012024-09-2811154724ns10:OrdinaryShareClass12023-04-012024-09-2811154724ns10:RegisteredOffice2023-04-012024-09-2811154724ns5:CurrentFinancialInstruments2024-09-2811154724ns5:CurrentFinancialInstruments2023-03-3111154724ns5:Non-currentFinancialInstruments2024-09-2811154724ns5:Non-currentFinancialInstruments2023-03-3111154724ns5:ShareCapital2024-09-2811154724ns5:ShareCapital2023-03-3111154724ns5:RetainedEarningsAccumulatedLosses2024-09-2811154724ns5:RetainedEarningsAccumulatedLosses2023-03-3111154724ns5:CostValuation2023-03-3111154724ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-2811154724ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3111154724ns5:CurrentFinancialInstruments2023-04-012024-09-2811154724ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-2811154724ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3111154724ns10:OrdinaryShareClass12024-09-28
REGISTERED NUMBER: 11154724 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 28 SEPTEMBER 2024

FOR

FOOSE DEVELOPMENTS LTD

FOOSE DEVELOPMENTS LTD (REGISTERED NUMBER: 11154724)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 28 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOOSE DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 28 SEPTEMBER 2024







DIRECTORS: Mr D E Goldie-Morrison
Mr T E C Hare





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 11154724 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

FOOSE DEVELOPMENTS LTD (REGISTERED NUMBER: 11154724)

BALANCE SHEET
28 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 8 8

CURRENT ASSETS
Debtors 5 159,097 156,522
Cash at bank 307 1,701
159,404 158,223
CREDITORS
Amounts falling due within one year 6 54,095 51,520
NET CURRENT ASSETS 105,309 106,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,317

106,711

CREDITORS
Amounts falling due after more than one
year

7

156,155

144,588
NET LIABILITIES (50,838 ) (37,877 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (50,938 ) (37,977 )
SHAREHOLDERS' FUNDS (50,838 ) (37,877 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 September 2024 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.

FOOSE DEVELOPMENTS LTD (REGISTERED NUMBER: 11154724)

BALANCE SHEET - continued
28 SEPTEMBER 2024


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 26 June 2025 and were signed on its behalf by:




Mr T E C Hare - Director



Mr D E Goldie-Morrison - Director


FOOSE DEVELOPMENTS LTD (REGISTERED NUMBER: 11154724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 28 SEPTEMBER 2024


1. STATUTORY INFORMATION

Foose 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2023
and 28 September 2024 8
NET BOOK VALUE
At 28 September 2024 8
At 31 March 2023 8

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 159,097 156,472
Directors' current accounts - 50
159,097 156,522

FOOSE DEVELOPMENTS LTD (REGISTERED NUMBER: 11154724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 28 SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 25,495 -
Directors' current accounts 27,550 50,470
Accrued expenses 1,050 1,050
54,095 51,520

Other creditors includes a balance of £25,495 owed to Mr Stewart Goldie-Morrison, a former director of the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - over 5 years 156,155 144,588

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 156,155 144,588

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

As at 28th September 2024, Mr S Goldie-Morrison, a shareholder, was owed £25,495 (2023 - £25,495) and Mr D Goldie-Morrison, a director & shareholder, was owed £24,975 (2023 - £24,975).

The is also an intercompany loan to Upstart Homes Ltd. The balance at the year end was £159,097 (2023 - £156,472). There are no interest or repayment terms on this loan.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T E C Hare.

11. GOING CONCERN

The company had net liabilities as at the year end date. The directors have confirmed that they will defer any repayment of their director's loan accounts owing to them and therefore the directors consider that the company remains a going concern.