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Registered number: 03441403
Fosse Way Court (Management) Limited
Unaudited Financial Statements
For The Year Ended 29 September 2024
Arcadia Accountancy Limited
C/O Arcadia Accountancy Ltd
1 Manship Green
Shepton Mallet
Somerset
BA4 5RL
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03441403
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 73,025 73,025
73,025 73,025
CURRENT ASSETS
Stocks 5 7,784,972 4,459,812
Debtors 6 243 (67 )
Cash at bank and in hand 38,319 9,442
7,823,534 4,469,187
Creditors: Amounts Falling Due Within One Year 7 (7,846,555 ) (4,493,667 )
NET CURRENT ASSETS (LIABILITIES) (23,021 ) (24,480 )
TOTAL ASSETS LESS CURRENT LIABILITIES 50,004 48,545
NET ASSETS 50,004 48,545
CAPITAL AND RESERVES
Called up share capital 8 40,000 40,000
Share premium account 1,014 1,014
Profit and Loss Account 8,990 7,531
SHAREHOLDERS' FUNDS 50,004 48,545
For the year ending 29 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alan Broadway
Director
12/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fosse Way Court (Management) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03441403 . The registered office is Old Meadow House, Lipyeate, Coleford, Bath, BA3 5PW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 30 September 2023 73,025
As at 29 September 2024 73,025
Net Book Value
As at 29 September 2024 73,025
As at 30 September 2023 73,025
Page 2
Page 3
5. Stocks
2024 2023
£ £
Stock 7,784,972 4,459,812
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 243 (67 )
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,957 5,394
Bank loans and overdrafts 7,784,982 4,459,812
Client a/c 35,616 8,461
Directors' loan accounts 20,000 20,000
7,846,555 4,493,667
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40,000 40,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Fosseway Transition Limited by virtue of their ownership of 100% of the issued share capital in the company.
Page 3