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REGISTERED NUMBER: 09020464 (England and Wales)















Financial Statements for the Year Ended 29 November 2024

for

Formby Point Construction Limited

Formby Point Construction Limited (Registered number: 09020464)






Contents of the Financial Statements
for the Year Ended 29 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Formby Point Construction Limited

Company Information
for the Year Ended 29 November 2024







DIRECTOR: R Meyer





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 09020464 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Formby Point Construction Limited (Registered number: 09020464)

Balance Sheet
29 November 2024

29.11.24 29.11.23
Notes £    £   
CURRENT ASSETS
Debtors 5 260,794 -
Cash at bank - 503,294
260,794 503,294
CREDITORS
Amounts falling due within one year 6 172,332 414,832
NET CURRENT ASSETS 88,462 88,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,462

88,462

CAPITAL AND RESERVES
Called up share capital 105 105
Share premium 99,995 99,995
Retained earnings (11,638 ) (11,638 )
SHAREHOLDERS' FUNDS 88,462 88,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 August 2025 and were signed by:





R Meyer - Director


Formby Point Construction Limited (Registered number: 09020464)

Notes to the Financial Statements
for the Year Ended 29 November 2024

1. STATUTORY INFORMATION

Formby Point Construction Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received for construction services excluding value added tax. Turnover is accounted for in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the year 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Formby Point Construction Limited (Registered number: 09020464)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 November 2023
and 29 November 2024 121,900
DEPRECIATION
At 30 November 2023
and 29 November 2024 121,900
NET BOOK VALUE
At 29 November 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.24 29.11.23
£    £   
Amounts owed by group undertakings 260,794 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.24 29.11.23
£    £   
Other creditors 172,332 414,832

7. RELATED PARTY DISCLOSURES

Included in debtors as at 29th November 2024 is £260,794 owing from Qualitas Private Limited, the company's parent undertaking.

R Meyer is also a director of Musker Developments Limited. Included in other creditors as at 29th November 2024 is £40,492 owing to Musker Developments Limited.

These loans are interest free and repayable on demand.