REGISTERED NUMBER: SC420279 (Scotland)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Forestrox Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

W Burdett Coutts

L O Johnson

REGISTERED OFFICE:

2 Roxburgh Place

Edinburgh

EH8 9SU

REGISTERED NUMBER:

SC420279 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

8,870

10,435

Investment property

5

2,160,000

2,160,000

2,168,870

2,170,435

CURRENT ASSETS

Debtors

6

30,407

46,237

Cash at bank

12,511

7,393

42,918

53,630

CREDITORS

Amounts falling due within one year

7

309,939

266,826

NET CURRENT LIABILITIES

(267,021

)

(213,196

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,901,849

1,957,239

CREDITORS

Amounts falling due after more than one year

8

(691,127

)

(717,499

)

PROVISIONS FOR LIABILITIES

11

(178,144

)

(178,144

)

NET ASSETS

1,032,578

1,061,596

CAPITAL AND RESERVES

Called up share capital

12

3

3

Fair value reserve

13

759,456

759,456

Retained earnings

273,119

302,137

SHAREHOLDERS' FUNDS

1,032,578

1,061,596

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

W Burdett Coutts - Director

1.	STATUTORY INFORMATION

Forestrox Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Management have reviewed the financial position of the business and are confident the business will continue into the foreseeable future; Therefore, the accounts have been prepared on the 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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

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.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

64,498

DEPRECIATION

At 1 April 2024

54,063

Charge for year

1,565

At 31 March 2025

55,628

NET BOOK VALUE

At 31 March 2025

8,870

At 31 March 2024

10,435

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,160,000

NET BOOK VALUE

At 31 March 2025

2,160,000

At 31 March 2024

2,160,000

Each property has been reviewed by the director and has been confirmed to be held at fair value of 31/03/25.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

30,407

46,237

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

63,461

63,461

Trade creditors

23,336

22,291

Taxation and social security

-

1,558

Other creditors

223,142

179,516

309,939

266,826

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

121,821

188,281

Other creditors

569,306

529,218

691,127

717,499

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

63,461

63,461

Other loans

154,083

134,500

217,544

197,961

Amounts falling due between one and two years:

Bank loans - 1-2 years

63,461

63,461

Amounts falling due between two and five years:

Bank loans - 2-5 years

58,360

124,820

Other loans - 2-5 years

569,306

529,218

627,666

654,038

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

185,282

251,742

Bank of Scotland PLC holds a standard security over Bristo Place Church (and incorporating the Forest Café), 2, 3 & 4 Bristo Place, Edinburgh EH1 1EY. They also hold another 3 standard securities over 35 Guthrie Street, 2 Roxburgh Place, 5 Holyrood Road. Finally, Bank of Scotland holds a floating charge undertaking all property, assets (present & future), including uncalled capital.

11.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

178,144

178,144

Deferred

tax

£

Balance at 1 April 2024

178,144

Balance at 31 March 2025

178,144

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

3

Ordinary

3

3

3

13.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

759,456

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forestrox Ltd for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Forestrox Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Forestrox Ltd and state those matters that we have agreed to state to the Board of Directors of Forestrox Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Forestrox Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Forestrox Ltd. You consider that Forestrox Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Forestrox Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

16 December 2025