REGISTERED NUMBER: 08614519 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

FORGE DESIGN STUDIO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Harrison

Mrs K S Harrison

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

08614519 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

4

4,391

Investment property

5

793,585

308,285

793,589

312,676

CURRENT ASSETS

Debtors

6

22,076

33,381

Cash at bank

55

21,324

22,131

54,705

CREDITORS

Amounts falling due within one year

7

813,422

336,133

NET CURRENT LIABILITIES

(791,291

)

(281,428

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,298

31,248

CREDITORS

Amounts falling due after more than one year

8

(4,538

)

(17,793

)

PROVISIONS FOR LIABILITIES

-

(58

)

NET (LIABILITIES)/ASSETS

(2,240

)

13,397

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,340

)

13,297

SHAREHOLDERS' FUNDS

(2,240

)

13,397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th December 2025 and were signed on its behalf by:

M S Harrison - Director

1.	STATUTORY INFORMATION

Forge Design Studio 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

The directors, having reviewed future cashflow and working capital needs, confirm that they will continue to provide such financial support as is necessary to enable the company to meet its obligations as they fall due. The accounts have therefore been prepared on a going concern basis.

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.

Improvements to property

-

10% on cost

Computer equipment

-

33% on cost

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

41,589

19,504

61,093

DEPRECIATION

At 1st April 2024

37,430

19,272

56,702

Charge for year

4,159

228

4,387

At 31st March 2025

41,589

19,500

61,089

NET BOOK VALUE

At 31st March 2025

-

4

4

At 31st March 2024

4,159

232

4,391

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

308,285

Additions

485,300

At 31st March 2025

793,585

NET BOOK VALUE

At 31st March 2025

793,585

At 31st March 2024

308,285

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,452

33,381

Other debtors

2,624

-

22,076

33,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

516,655

198,594

Trade creditors

3,900

3,060

Taxation and social security

12,789

18,715

Other creditors

280,078

115,764

813,422

336,133

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,538

17,793