REGISTERED NUMBER: 11308498 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 April 2023

for

Forest Hill Developments (NW) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Ellis

Mrs K L Ellis

SECRETARY:

Mrs K L Ellis

REGISTERED OFFICE:

43a Weld Road

Birkdale

Southport

Merseyside

PR8 2DS

REGISTERED NUMBER:

11308498 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

13a Duke Street

Southport

Merseyside

PR8 1LS

CURRENT ASSETS

Stocks

4

-

496,300

Debtors

5

1,728,781

159,074

Cash at bank

997

16,457

1,729,778

671,831

CREDITORS

Amounts falling due within one year

6

(229,069

)

(115,616

)

NET CURRENT ASSETS

1,500,709

556,215

TOTAL ASSETS LESS CURRENT LIABILITIES

1,500,709

556,215

CREDITORS

Amounts falling due after more than one year

7

(1,267,025

)

(709,197

)

NET ASSETS/(LIABILITIES)

233,684

(152,982

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

233,584

(153,082

)

SHAREHOLDERS' FUNDS

233,684

(152,982

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2023 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 12 December 2025 and were signed on its behalf by:

Mrs K L Ellis - Director

1.	STATUTORY INFORMATION

Forest Hill Developments (NW) 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.

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

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.

Turnover

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.

STOCKS

2023

2022

£

£

Work-in-progress

-

496,300

5.

DEBTORS

2023

2022

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

8,410

-

Directors' current accounts

263,973

130,281

VAT

7,054

28,793

Prepayments & accrued income

9,344

-

288,781

159,074

Amounts falling due after more than one year:

Amounts recoverable on contract

1,440,000

-

Aggregate amounts

1,728,781

159,074

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

130,747

111,576

Tax

91,282

200

Accrued expenses

7,040

3,840

229,069

115,616

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Other loans (see note 8)

1,267,025

709,197

8.

LOANS

An analysis of the maturity of loans is given below:

2023

2022

£

£

Amounts falling due between one and two years:

Investment loan

1,267,025

709,197

9.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Investment loan

1,166,089

709,197

The investment loan is secured against the land and property being developed.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 30 April 2022

(153,082

)

Profit for the year

386,666

At 29 April 2023

233,584

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29 April 2023 and the period ended 29 April 2022:

2023

2022

£

£

Mrs K L Ellis

Balance outstanding at start of year

130,281

(140

)

Amounts advanced

362,857

144,544

Amounts repaid

(229,165

)

(14,123

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

263,973

130,281

Interest has been charged at HMRC approved rates on overdrawn balances during the year.