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Unaudited Financial Statements for the Year Ended 30 September 2022 |
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Foundations Residential Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 September 2022 |
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for |
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Foundations Residential Limited |
Foundations Residential Limited (Registered number: 06344746) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Foundations Residential Limited |
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Company Information |
for the Year Ended 30 September 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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40 St James Buildings |
St James Street |
Taunton |
Somerset |
TA1 1JR |
Foundations Residential Limited (Registered number: 06344746) |
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Balance Sheet |
30 September 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investment bond | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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NET ASSETS |
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Foundations Residential Limited (Registered number: 06344746) |
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Balance Sheet - continued |
30 September 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 10 |
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Retained earnings |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Foundations Residential Limited (Registered number: 06344746) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2022 |
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1. | STATUTORY INFORMATION |
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Foundations Residential Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investment bond |
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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Foundations Residential Limited (Registered number: 06344746) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Patents |
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Goodwill | licences | Totals |
£ | £ | £ |
COST |
At 1 October 2021 |
and 30 September 2022 |
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AMORTISATION |
At 1 October 2021 |
and 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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At 30 September 2021 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 October 2021 |
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Additions |
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At 30 September 2022 |
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DEPRECIATION |
At 1 October 2021 |
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Charge for year |
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At 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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At 30 September 2021 |
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Foundations Residential Limited (Registered number: 06344746) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
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6. | INVESTMENT BOND |
Total |
£ |
FAIR VALUE |
At 1 October 2021 |
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Revaluations | 12,000 |
At 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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At 30 September 2021 |
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Fair value at 30 September 2022 is represented by: |
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Valuation in 2022 | 12,000 |
Cost | 108,000 |
120,000 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
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Foundations Residential Limited (Registered number: 06344746) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
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9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
2022 | 2021 |
£ | £ |
Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 14,815 | 20,370 |
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10. | RESERVES |
Revaluation |
reserve |
£ |
Investment bond | 12,000 |
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At 30 September 2022 |
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