Forge House Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07838587 (England and Wales)

FORGE HOUSE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C M Christy

SECRETARY:

Ms L Belcher

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

LONDON

REGISTERED NUMBER:

07838587 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Investments

4

12,100

Investment property

5

447,000

459,100

CURRENT ASSETS

Debtors

6

31,542

16,775

Cash at bank

4,856

1,026

36,398

17,801

CREDITORS

Amounts falling due within one year

7

197,213

189,989

NET CURRENT LIABILITIES

(160,815

)

(172,188

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

298,285

286,912

PROVISIONS FOR LIABILITIES

8

38,724

NET ASSETS

259,561

248,188

CAPITAL AND RESERVES

Called up share capital

9

1,000

Fair value reserve

10

165,087

Retained earnings

10

93,474

82,101

SHAREHOLDERS' FUNDS

259,561

248,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 September 2025 and were signed by:

Mr C M Christy - Director

1.	STATUTORY INFORMATION

Forge House Investments 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease agreement.

Investment property

The company's investment properties are held for long term investment and are included in the balance sheet at their open market values. No depreciation is provided in respect of Freehold and long leasehold investment properties.

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.

Unlisted investments

Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed and current assets investments are treated as part of the result from ordinary activities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2024

and 31 December 2024

12,100

NET BOOK VALUE

At 31 December 2024

12,100

At 31 December 2023

12,100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

447,000

NET BOOK VALUE

At 31 December 2024

447,000

At 31 December 2023

447,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2018

136,811

Valuation in 2023

67,000

Cost

243,189

447,000

Investment properties were valued on Fair value basis on 31 December 2024 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Related company

30,575

16,414

Prepayments and accrued income

967

361

31,542

16,775

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Tax

2,226

2,247

Directors' current accounts

193,487

185,487

Accruals and deferred income

1,500

2,255

197,213

189,989

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

38,724

Deferred

tax

£

Balance at 1 January 2024

38,724

Balance at 31 December 2024

38,724

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1,000

Ordinary

1

1,000

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 January 2024

82,101

165,087

247,188

Profit for the year

11,373

At 31 December 2024

93,474

165,087

258,561

11.	ULTIMATE CONTROLLING PARTY

Mr C M Christy controls the company by virtue of holding 100 % of the issued ordinary share capital of the company.