REGISTERED NUMBER: SC218341 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Forceultra Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R J Moore

Mrs D Moore

SECRETARY:

Mr R J Moore

REGISTERED OFFICE:

Cowan & Partners

60 Constitution Street

Edinburgh

EH6 6RR

REGISTERED NUMBER:

SC218341 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

FIXED ASSETS

Tangible assets

4

1,443,807

918,974

CURRENT ASSETS

Cash at bank

17,363

110,329

CREDITORS

Amounts falling due within one year

5

499,613

607,821

NET CURRENT LIABILITIES

(482,250

)

(497,492

)

TOTAL ASSETS LESS CURRENT LIABILITIES

961,557

421,482

PROVISIONS FOR LIABILITIES

185,132

53,882

NET ASSETS

776,425

367,600

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Non-distributable reserve

6

740,528

215,528

Retained earnings

34,897

151,072

SHAREHOLDERS' FUNDS

776,425

367,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 1 December 2025 and were signed on its behalf by:

Mr R J Moore - Director

1.	STATUTORY INFORMATION

Forceultra Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

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.

Income

Rental income from investment property leased out under operating leases is recognised in the profit and loss account on a straight-line basis over the term of the lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Not provided

Plant and machinery etc

-

25% on reducing balance and Not provided

Investment properties are held at fair value, with a policy of professional valuations undertaken at suitable intervals and the directors' assessment of market value in between such valuations. The properties were subject to a professional valuation by DM Hall in the year, and have been revalued in line with their findings. The directors are satisfied that this reflects the market values of the properties.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 and 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 June 2024

825,000

118,630

943,630

Revaluations

525,000

-

525,000

At 31 May 2025

1,350,000

118,630

1,468,630

DEPRECIATION

At 1 June 2024

-

24,656

24,656

Charge for year

-

167

167

At 31 May 2025

-

24,823

24,823

NET BOOK VALUE

At 31 May 2025

1,350,000

93,807

1,443,807

At 31 May 2024

825,000

93,974

918,974

Cost or valuation at 31 May 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2014

215,528

-

215,528

Valuation in 2025

525,000

-

525,000

Cost

609,472

118,630

728,102

1,350,000

118,630

1,468,630

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Taxation and social security

8,550

9,066

Other creditors

491,063

598,755

499,613

607,821

6.

RESERVES

Non-distributable

reserve

£

At 1 June 2024

215,528

Freehold Buildings

525,000

At 31 May 2025

740,528