Acorah Software Products - Accounts Production 16.4.675 false true false 27 June 2024 31 December 2024 31 December 2024 SC814828 David Sharp Christopher Trainer David Sharp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC814828 2024-06-26 SC814828 2024-12-31 SC814828 2024-06-27 2024-12-31 SC814828 frs-core:CurrentFinancialInstruments 2024-12-31 SC814828 frs-core:ShareCapital 2024-12-31 SC814828 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC814828 frs-bus:PrivateLimitedCompanyLtd 2024-06-27 2024-12-31 SC814828 frs-bus:FilletedAccounts 2024-06-27 2024-12-31 SC814828 frs-bus:SmallEntities 2024-06-27 2024-12-31 SC814828 frs-bus:AuditExempt-NoAccountantsReport 2024-06-27 2024-12-31 SC814828 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-27 2024-12-31 SC814828 frs-bus:Director1 2024-06-27 2024-12-31 SC814828 frs-bus:Director2 2024-06-27 2024-12-31 SC814828 frs-bus:CompanySecretary1 2024-06-27 2024-12-31 SC814828 frs-countries:Scotland 2024-06-27 2024-12-31
Registered number: SC814828
Forrest Capital Investments Limited
Unaudited Financial Statements
For the Period 27 June 2024 to 31 December 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: SC814828
31 December 2024
Notes £ £
CURRENT ASSETS
Debtors 4 1,402,006
Cash at bank and in hand 21,006,712
22,408,718
Creditors: Amounts Falling Due Within One Year 5 (22,103,103 )
NET CURRENT ASSETS (LIABILITIES) 305,615
TOTAL ASSETS LESS CURRENT LIABILITIES 305,615
NET ASSETS 305,615
CAPITAL AND RESERVES
Called up share capital 6 1,000
Income Statement 304,615
SHAREHOLDERS' FUNDS 305,615
For the period ending 31 December 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 Income Statement.
On behalf of the board
Christopher Trainer
Director
10/07/2025
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
Forrest Capital Investments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC814828 . The registered office is 7 Seaward Street, Paisley Road, Glasgow, G41 1HJ.
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. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
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4. Debtors
31 December 2024
£
Due within one year
Other debtors 1,402,006
Included in other debtors are loans to Forrest Hotels Ltd (£900,000) and Forrest Developments Ltd (£98,000) which are unsecured and repayable on demand. Interest is charged at agreed variable rates.
5. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Other creditors 21,999,900
Taxation and social security 103,203
22,103,103
Other creditors relate to a director's loan which is unsecured, interest free and repayable on demand.
Page 2
Page 3
6. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 1,000
Page 3