Company Registration No. 08912799 (England and Wales)
WILLIAM FORBES LIMITED
Unaudited accounts
for the year ended 28 February 2025
WILLIAM FORBES LIMITED
Unaudited accounts
Contents
WILLIAM FORBES LIMITED
Company Information
for the year ended 28 February 2025
Director
IFTIKHAR, Mohammed Ballal
Company Number
08912799 (England and Wales)
Registered Office
3 THE POPLARS
SOUTH HYLTON
SUNDERLAND
SR4 0PD
Accountants
TAX SHOP ACCOUNTANTS LTD
North East BIC
Wearfield
SUNDERLAND
TYNE AND WEAR
SR5 2TA
WILLIAM FORBES LIMITED
Statement of financial position
as at 28 February 2025
Tangible assets
462,590
466,138
Investments
1,035,588
962,339
Cash at bank and in hand
21,848
9,101
Creditors: amounts falling due within one year
(3,079)
(74)
Net current assets
18,769
9,027
Total assets less current liabilities
1,516,947
1,437,504
Creditors: amounts falling due after more than one year
(1,666,901)
(1,666,901)
Net liabilities
(149,954)
(229,397)
Called up share capital
200
200
Profit and loss account
(150,154)
(229,597)
Shareholders' funds
(149,954)
(229,397)
For the year ending 28 February 2025 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 director acknowledges his 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 and authorised for issue on 17 July 2025 and were signed on its behalf by
IFTIKHAR, Mohammed Ballal
Director
Company Registration No. 08912799
WILLIAM FORBES LIMITED
Notes to the Accounts
for the year ended 28 February 2025
WILLIAM FORBES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08912799. The registered office is 3 THE POPLARS, SOUTH HYLTON, SUNDERLAND, SR4 0PD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2024
455,491
17,743
473,234
At 28 February 2025
455,491
17,743
473,234
At 1 March 2024
-
7,096
7,096
Charge for the year
-
3,548
3,548
At 28 February 2025
-
10,644
10,644
At 28 February 2025
455,491
7,099
462,590
At 29 February 2024
455,491
10,647
466,138
WILLIAM FORBES LIMITED
Notes to the Accounts
for the year ended 28 February 2025
5
Investments
Other investments
Valuation at 1 March 2024
962,339
Fair value adjustments
73,249
Valuation at 28 February 2025
1,035,588
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
3,079
74
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
1,666,901
1,666,901
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).