REGISTERED NUMBER: 03816485 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 December 2024

for

Walter Forshaw Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Forshaw

Mrs K L Forshaw Jones

C Forshaw

SECRETARY:

Mrs K L Forshaw Jones

REGISTERED OFFICE:

King House

Stotts Park

James Street

Westhoughton

BL5 3QR

REGISTERED NUMBER:

03816485 (England and Wales)

ACCOUNTANTS:

Haywoods

2nd Floor

11A Institute Street

Bolton

BL1 1PZ

FIXED ASSETS

Tangible assets

4

94,871

111,612

Investment property

5

2,750,000

2,750,000

2,844,871

2,861,612

CURRENT ASSETS

Debtors

6

149,981

89,483

Cash at bank

237

2,934

150,218

92,417

CREDITORS

Amounts falling due within one year

7

(305,871

)

(236,308

)

NET CURRENT LIABILITIES

(155,653

)

(143,891

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,689,218

2,717,721

CREDITORS

Amounts falling due after more than one year

8

(1,386,557

)

(1,420,035

)

PROVISIONS FOR LIABILITIES

(103,774

)

(105,492

)

NET ASSETS

1,198,887

1,192,194

CAPITAL AND RESERVES

Called up share capital

2,250

2,250

Revaluation reserve

10

954,642

954,642

Capital redemption reserve

1,250

1,250

Retained earnings

240,745

234,052

SHAREHOLDERS' FUNDS

1,198,887

1,192,194

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mrs K L Forshaw Jones - Director

1.	STATUTORY INFORMATION

Walter Forshaw Holdings Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

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 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.

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 OR VALUATION

At 30 December 2023

and 29 December 2024

196,767

DEPRECIATION

At 30 December 2023

85,155

Charge for year

16,741

At 29 December 2024

101,896

NET BOOK VALUE

At 29 December 2024

94,871

At 29 December 2023

111,612

The fixed assets are held at cost.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 December 2023

and 29 December 2024

2,750,000

NET BOOK VALUE

At 29 December 2024

2,750,000

At 29 December 2023

2,750,000

Fair value at 29 December 2024 is represented by:

£

Valuation in 2022

300,000

Valuation in 2018

712,868

Cost

1,737,132

2,750,000

If the land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

1,737,132

1,737,132

The land and buildings were valued on an open market basis basis on 4 August 2023 by Lamb & Swift .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

64,172

1,095

Other debtors

85,809

88,388

149,981

89,483

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

32,893

43,024

Hire purchase contracts

17,772

17,772

Trade creditors

47,461

55,822

Taxation and social security

62,980

13,846

Other creditors

144,765

105,844

305,871

236,308

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,339,791

1,361,898

Hire purchase contracts

46,766

58,137

1,386,557

1,420,035

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,167,039

1,189,146

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,372,684

1,404,922

The bank loan is secured by a fixed and floating charge of the freehold land and buildings.

10.

RESERVES

Revaluation

reserve

£

At 30 December 2023

and 29 December 2024

954,642

11.	RELATED PARTY DISCLOSURES

At the year end there is a balance due to a company associated via the shareholders of £94,705 (2023: £80,819). The loan is interest free and has no fixed terms.

At the year end there was an amount due from the directors of £58,831 (2023: £57,678). Interest is payable on this loan at a rate of 2% per annum.