Registration number: 06435528

M Forshaw Developments Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

M Forshaw Developments Ltd

Company Information

Directors

Mr MJ Forshaw Mrs Charlotte Forshaw

Registered office

1st Floor 8/12 London Street Southport Merseyside PR9 0UE

Accountants

GMR Accountants Ltd 1st Floor 8-12 London Street Southport Merseyside PR9 0UE

M Forshaw Developments Ltd

(Registration number: 06435528)
Balance Sheet as at 30 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	24,626	29,845
Investment property	5	314,826	314,826
		339,452	344,671
Current assets
Stocks	6	5,000	25,000
Debtors	7	318	20,968
Cash at bank and in hand		472,329	518,498
		477,647	564,466
Creditors: Amounts falling due within one year	8	(154,038)	(309,971)
Net current assets		323,609	254,495
Net assets		663,061	599,166
Capital and reserves
Called up share capital		150	150
Retained earnings		662,911	599,016
Shareholders' funds		663,061	599,166

For the financial year ending 30 December 2024 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 year 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.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... Mr MJ Forshaw Director

M Forshaw Developments Ltd

Notes to the Financial Statements for the Year Ended 30 December 2024

1	General information

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

The address of its registered office is:
1st Floor
8/12 London Street
Southport
Merseyside
PR9 0UE

These financial statements were authorised for issue by the Board on 29 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

M Forshaw Developments Ltd

Notes to the Financial Statements for the Year Ended 30 December 2024

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
Motor vehicles	25% reducing balance
Plant and machinery	15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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.

M Forshaw Developments Ltd

Notes to the Financial Statements for the Year Ended 30 December 2024

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Tangible assets

	Office equipment £	Motor vehicles  £	Other tangible assets  £	Total £
Cost or valuation
At 31 December 2023	4,074	21,361	28,764	54,199
Additions	66	-	2,912	2,978
At 30 December 2024	4,140	21,361	31,676	57,177
Depreciation
At 31 December 2023	2,198	5,340	16,815	24,353
Charge for the year	891	5,340	1,967	8,198
At 30 December 2024	3,089	10,680	18,782	32,551
Carrying amount
At 30 December 2024	1,051	10,681	12,894	24,626
At 30 December 2023	1,876	16,020	11,949	29,845

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings.
 

5	Investment properties

	2024 £
At 31 December	314,826
At 30 December	314,826

There has been no valuation of investment property by an independent valuer.

6

Stocks

	2024 £	2023 £
Other inventories	5,000	25,000

M Forshaw Developments Ltd

Notes to the Financial Statements for the Year Ended 30 December 2024

7

Debtors

Current	2024 £	2023 £
Prepayments	318	-
Other debtors	-	20,968
	318	20,968

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	18,911	-
Trade creditors		31,486	26,733
Taxation and social security		42,830	121,041
Accruals and deferred income		3,949	3,939
Other creditors		56,862	158,258
		154,038	309,971

9	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Other borrowings	18,911	-