| Forextra Developments Limited |
| Registered Number:02039549 |
For the period ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the period ended 31 December 2024
Forextra Developments Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Forextra Developments Limited
Statement of Financial Position
2024
2024
| Property, plant and equipment |
22,364
29,818
2
3
87,000,000
87,000,000
87,022,364
87,029,818
| Trade and other receivables |
51,438,054
51,405,176
4
1,230,599
| Cash and cash equivalents |
2,983
51,408,159
52,668,653
| Trade and other payables: amounts falling due within one |
| year |
(52,174,148)
(51,364,466)
5
494,505
43,693
Net current assets
| Total assets less current liabilities |
87,066,057
87,524,323
| Trade and other payables: amounts falling due after more |
| than one year |
(17,251,013)
(17,689,038)
6
(13,290,000)
(13,290,000)
| Provisions for liabilities |
56,087,019
Net assets
56,983,310
100
100
60,131,292
60,131,292
7
(4,044,373)
(3,148,082)
56,087,019
56,983,310
Shareholders' funds
| For the period ended 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 of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the period ended 31 December 2024
Forextra Developments Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 08 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the period ended 31 December 2024
Forextra Developments Limited
Notes to the Financial Statements
Statutory Information
| Forextra Developments Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 02039549. |
| Principal place of business: |
105 Jermyn Street
London
SW1Y 6EE
1c Oundle Avenue
Bushey
Herts
WD23 4QG
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax .
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Investment property
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation
| Taxation represents the sum of tax currently payable and deferred tax. |
| The company's liability for current tax is calculated using rates that have been enacted or substantively enacted by |
| the end of the reporting period. |
| Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the |
| financial statements and the corresponding tax bases used in the the computation of taxable profit. |
| Deferred tax liabilities are measured at the rates that are expected to apply in the period in which the liability is |
| settled based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting |
| period. |
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For the period ended 31 December 2024
Forextra Developments Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor Vehicles
73,948
5,299
68,649
68,649
5,299
73,948
| Provision for depreciation and impairment |
44,130
4,042
40,088
Charge for period
7,454
314
7,140
51,584
4,356
47,228
21,421
943
22,364
28,561
1,257
29,818
87,000,000
87,000,000
87,000,000
87,000,000
| 4. Trade and other receivables |
2024
2024
520,035
590,358
| Amounts owed by group undertakings and participating interests |
50,851,466
50,772,961
33,675
74,735
51,438,054
51,405,176
| The debtors above include the following amounts falling due after more than one year: |
| Amounts owed by group undertakings and participating interests |
50,851,466
50,772,961
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For the period ended 31 December 2024
Forextra Developments Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2024
| Bank loans and overdraft (secured) |
48,950,000
48,950,000
-
505,115
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
1,200,000
1,200,000
| Taxation and social security |
20,710
206,851
1,193,756
1,312,182
51,364,466
52,174,148
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2024
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
10,300,156
10,300,156
7,388,882
6,950,857
17,689,038
17,251,013
| Revaluation reserve at 01 May 2024 |
60,131,292
60,131,292
| Revaluation reserve at 31 December 2024 |
| 8. Average number of persons employed |
During the year the average number of employees was 5 (2024 : 5)
| 9. Parent-subsidiary relationship |
The parent company is Frelene Limited whose registered office is 1c Oundle Avenue, Bushey, Herts, WD23 4QG.
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