FORELAND ASSET MANAGEMENT LIMITED


Director	Mr J A Baker


Registered Address	The Priory Thremhall Park
	Start Hill
	Bishop's Stortford
	CM22 7WE


Registered Number	12776784 (England and Wales)

Statement of Financial Position
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		921		-
Investments	4		367		-
			1,288		-
Current assets
Debtors	5	1,079,423		834,815
Cash at bank and on hand		9,723		24,244
		1,089,146		859,059
Creditors amounts falling due within one year	6	(400,029)		(424,861)
Net current assets (liabilities)			689,117		434,198
Total assets less current liabilities			690,405		434,198
Net assets			690,405		434,198
Capital and reserves
Called up share capital			100		100
Profit and loss account			690,305		434,098
Shareholders' funds			690,405		434,198

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 26 June 2026, and are signed on its behalf by:

Mr J A Baker
Director
Registered Company No. 12776784

FORELAND ASSET MANAGEMENT LIMITED

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	1,275	1,275
At 30 June 25	1,275	1,275
Depreciation and impairment
Charge for year	354	354
At 30 June 25	354	354
Net book value
At 30 June 25	921	921
At 30 June 24	-	-

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
Additions	367	367
At 30 June 25	367	367
Net book value
At 30 June 25	367	367
At 30 June 24	-	-

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,638	75,485
Amounts owed by group undertakings	98	908
Other debtors	1,073,811	756,978
Prepayments and accrued income	876	1,444
Total	1,079,423	834,815

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	7,388	14,464
Amounts owed to related parties	221,607	96,694
Taxation and social security	166,939	310,864
Accrued liabilities and deferred income	4,095	2,839
Total	400,029	424,861

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Mr J A Baker	565,964	237,465	639	802,790
	565,964	237,465	639	802,790


	As at the balance sheet date, included in debtors due within one year is £802,790 (2024: £565,964), due and payable by the director. During the period interest totalling £16,021 was charged as 2.25% up to 5th April 2025 and 3.75% thereafter on the balance owed.

8.	Related party transactions
	As at the balance sheet date, included in creditors due within one year are £118 (2024: £1,444) due to Mantle Management LLP, £211,419 (2024: £85,250) to Mantle (Hertford) Limited, £10,000 (2024: £10,000) to Coastwind Limited, and £70 (2024: £591 owed ) by Bailey Bridge Ltd. As at the balance sheet date, included in debtors due within one year is £NIL (2024: £215) owed by Jackson management, £98 (2024: £103) by Mantle Space Limited. The companies are related parties by virtue of the fact that they are under common control.

Related party transactions

As at the balance sheet date, included in creditors due within one year are £118 (2024: £1,444) due to Mantle Management LLP, £211,419 (2024: £85,250) to Mantle (Hertford) Limited, £10,000 (2024: £10,000) to Coastwind Limited, and £70 (2024: £591 owed ) by Bailey Bridge Ltd.

As at the balance sheet date, included in debtors due within one year is £NIL (2024: £215) owed by Jackson management, £98 (2024: £103) by Mantle Space Limited. The companies are related parties by virtue of the fact that they are under common control.