Adrian Forster Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04640149 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Adrian Forster Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A Forster

REGISTERED OFFICE:

Croft Farmhouse

Old Main Road

Costock

Loughborough

Leicestershire

LE12 6FX

REGISTERED NUMBER:

04640149 (England and Wales)

ACCOUNTANTS:

Franklin Underwood

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,399

3,999

Investment property

6

39,000

38,000

42,399

41,999

CREDITORS

Amounts falling due within one year

7

34,590

36,318

NET CURRENT LIABILITIES

(34,590

)

(36,318

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,809

5,681

PROVISIONS FOR LIABILITIES

1,258

1,088

NET ASSETS

6,551

4,593

CAPITAL AND RESERVES

Called up share capital

8

1

1

Fair value reserve

9

6,142

5,312

Retained earnings

408

(720

)

SHAREHOLDERS' FUNDS

6,551

4,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 2 December 2019 and were signed by:

Mr A Forster - Director

1.	STATUTORY INFORMATION

Adrian Forster 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

353,437

AMORTISATION

At 1 April 2018

and 31 March 2019

353,437

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

Goodwill arose on the purchase of the company's share in Actons Solicitors.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2018

and 31 March 2019

12,084

DEPRECIATION

At 1 April 2018

8,085

Charge for year

600

At 31 March 2019

8,685

NET BOOK VALUE

At 31 March 2019

3,399

At 31 March 2018

3,999

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

38,000

Revaluations

1,000

At 31 March 2019

39,000

NET BOOK VALUE

At 31 March 2019

39,000

At 31 March 2018

38,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2019

39,000

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

2019

2018

£

£

Cost

31,600

31,600

Investment property was valued on an open market basis on 31 March 2019 by the director, Adrian Forster .

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Social security and other taxes

-

9

Other creditors

20,123

20,123

Directors' current accounts

13,687

15,220

Accruals and deferred income

780

966

34,590

36,318

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

1

1

1

9.

RESERVES

Fair

value

reserve

£

At 1 April 2018

5,312

Unrealised surplus on

revaluation of investment

property

1,000

Deferred tax on revaluation

surplus

(170

)

At 31 March 2019

6,142