REGISTERED NUMBER: 02050487 (England and Wales)

FORMATION (PROPERTIES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

B J Forrester

SECRETARY:

Ms K Stanley

REGISTERED OFFICE:

The Studio, Capel Cottage

224 Clay Hill

Enfield

EN2 9JD

REGISTERED NUMBER:

02050487 (England and Wales)

ACCOUNTANTS:

John Crook & Partners LLP

Chartered Accountants

255 Green Lanes

Palmers Green

London

N13 4XE

FIXED ASSETS

Tangible assets

4

19,122

25,485

Investment property

5

370,000

370,000

389,122

395,485

CURRENT ASSETS

Debtors

6

43,728

29,594

Cash at bank

280,050

272,725

323,778

302,319

CREDITORS

Amounts falling due within one year

7

11,666

13,320

NET CURRENT ASSETS

312,112

288,999

TOTAL ASSETS LESS CURRENT LIABILITIES

701,234

684,484

PROVISIONS FOR LIABILITIES

38,750

38,750

NET ASSETS

662,484

645,734

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

165,509

165,509

Retained earnings

496,875

480,125

662,484

645,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 October 2026 and were signed by:

B J Forrester - Director

1.	STATUTORY INFORMATION

Formation (Properties) 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

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.

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 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 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 February 2025

and 31 January 2026

8,087

36,995

45,082

DEPRECIATION

At 1 February 2025

8,011

11,586

19,597

Charge for year

11

6,352

6,363

At 31 January 2026

8,022

17,938

25,960

NET BOOK VALUE

At 31 January 2026

65

19,057

19,122

At 31 January 2025

76

25,409

25,485

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

370,000

NET BOOK VALUE

At 31 January 2026

370,000

At 31 January 2025

370,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2023

209,259

Valuation in 2024

(5,000

)

Cost

165,741

370,000

If the investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

165,741

165,741

Investment property was valued on an open market basis on 31 January 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by associates

28,000

18,000

Other debtors

15,728

11,594

43,728

29,594

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

5,421

6,704

Other creditors

6,245

6,616

11,666

13,320

8.

RESERVES

Fair

value

reserve

£

At 1 February 2025

and 31 January 2026

165,509

9.	RELATED PARTY DISCLOSURES

At the year end the company was owed £28,000 (2025: £18,000) by Forrester & Company, a business under the control of B J Forrester, the director of the company.

At the year end the company owed £5,345 (2025: £5,514) to B J Forrester, the director of the company.

During the previous year the company acquired the issued share capital of Forresters (Bananas) Limited, a company that B J Forrester was a director of. The company received dividends totalling £39,169 from Forresters (Bananas) Limited during the year.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B J Forrester.