Fore Street Enterprise Limited 15377352 false 2023-12-31 2025-03-31 2025-03-31 The principal activity of the company is public house. Digita Accounts Production Advanced 6.30.9574.0 true true 15377352 2023-12-31 2025-03-31 15377352 2025-03-31 15377352 bus:OrdinaryShareClass1 2025-03-31 15377352 core:RetainedEarningsAccumulatedLosses 2025-03-31 15377352 core:ShareCapital 2025-03-31 15377352 core:CurrentFinancialInstruments 2025-03-31 15377352 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15377352 core:Non-currentFinancialInstruments 2025-03-31 15377352 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 15377352 core:FurnitureFittingsToolsEquipment 2025-03-31 15377352 core:MotorVehicles 2025-03-31 15377352 bus:SmallEntities 2023-12-31 2025-03-31 15377352 bus:AuditExemptWithAccountantsReport 2023-12-31 2025-03-31 15377352 bus:FilletedAccounts 2023-12-31 2025-03-31 15377352 bus:SmallCompaniesRegimeForAccounts 2023-12-31 2025-03-31 15377352 bus:RegisteredOffice 2023-12-31 2025-03-31 15377352 bus:Director1 2023-12-31 2025-03-31 15377352 bus:Director2 2023-12-31 2025-03-31 15377352 bus:OrdinaryShareClass1 2023-12-31 2025-03-31 15377352 bus:PrivateLimitedCompanyLtd 2023-12-31 2025-03-31 15377352 core:FurnitureFittings 2023-12-31 2025-03-31 15377352 core:FurnitureFittingsToolsEquipment 2023-12-31 2025-03-31 15377352 core:MotorVehicles 2023-12-31 2025-03-31 15377352 countries:EnglandWales 2023-12-31 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15377352

Fore Street Enterprise Limited
Unaudited Filleted Financial Statements
for the Period from
31 December 2023 to 31 March 2025

Fore Street Enterprise Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Fore Street Enterprise Limited

Company Information

Directors | Mr L Young Mrs D E Young

Registered office | 2nd Floor 19 Southernhay West Exeter Devon EX1 1PJ

Accountants | Everett King Chartered Certified Accountants 4 Kings Court Little King Street BRISTOL BS1 4HW

Fore Street Enterprise Limited

(Registration number: 15377352)
Balance Sheet as at 31 March 2025

| Note | 2025
|  | £ | £
Fixed assets |  |  |
Tangible assets | 4 |  | 20,819
Current assets |  |  |
Stocks | 5 | 10,449 |
Debtors | 6 | 36,089 |
Cash at bank and in hand |  | 37,648 |
|  | 84,186 |
CREDITORS: Amounts falling due within one year | 7 | (143,931) |
Net current liabilities |  |  | (59,745)
Total assets less current liabilities |  |  | (38,926)
CREDITORS: Amounts falling due after more than one year | 7 |  | (11,574)
Net liabilities |  |  | (50,500)
Capital and reserves |  |  |
Called up share capital | 8 | 2 |
Retained earnings |  | (50,502) |
Shareholders' deficit |  |  | (50,500)

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Fore Street Enterprise Limited

(Registration number: 15377352)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 8 September 2025 and signed on its behalf by:

......................................... Mr L Young Director

Fore Street Enterprise Limited

Notes to the Unaudited Financial Statements

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor
19 Southernhay West
Exeter
Devon
EX1 1PJ

These financial statements were authorised for issue by the Board on 8 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Fore Street Enterprise Limited

Notes to the Unaudited Financial Statements

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings & equipment | 25% straight line
Motor vehicles | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fore Street Enterprise Limited

Notes to the Unaudited Financial Statements

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 15.

Fore Street Enterprise Limited

Notes to the Unaudited Financial Statements

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
Additions | 26,955 | 699 | 27,654
At 31 March 2025 | 26,955 | 699 | 27,654
Depreciation
Charge for the period | 6,660 | 175 | 6,835
At 31 March 2025 | 6,660 | 175 | 6,835
Carrying amount
At 31 March 2025 | 20,295 | 524 | 20,819

5 | Stocks

| 2025 £
Other inventories | 10,449

6 | Debtors

Current | 2025 £
Other debtors | 36,089
| 36,089

Fore Street Enterprise Limited

Notes to the Unaudited Financial Statements

7 | CREDITORS

CREDITORS: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Loans and borrowings | 9 | 50,366
Trade creditors |  | 33,676
Taxation and social security |  | 56,919
Accruals and deferred income |  | 1,378
Other creditors |  | 1,592
|  | 143,931

CREDITORS: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings | 9 | 11,574

8 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary shares of £1 each | 2 | 2

Fore Street Enterprise Limited

Notes to the Unaudited Financial Statements

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £
Bank borrowings | 11,574

Current loans and borrowings

| 2025 £
Bank borrowings | 2,778
Other borrowings | 47,588
| 50,366