FS Tope Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09115686 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FS TOPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Pinecroft Corporate Services Limited

R O G Guest

J Elsworth

Registered office:

C/O Foresight Group LLP

The Shard

32 London Bridge Street

London

SE1 9SG

Registered number:

09115686 (England and Wales)

Fixed assets

Tangible assets

4

1,781,660

-

Current assets

Debtors

5

-

9,365

Cash at bank

42,124

100

42,124

9,465

Creditors

Amounts falling due within one year

6

(1,786,339

)

-

Net current (liabilities)/assets

(1,744,215

)

9,465

Total assets less current liabilities

37,445

9,465

Capital and reserves

Called up share capital

-

35,880

Share premium

-

3,580,277

Other reserves

3,616,157

-

Retained earnings

(3,578,712

)

(3,606,692

)

37,445

9,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 22 December 2023 and were signed on its behalf by:

J Elsworth - Director

1.	Statutory information

FS Tope 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.

Tangible fixed assets

Land, woodland and buildings are not depreciated but reviewed by the directors at each balance sheet date and any adjustment is written off to the profit and loss account.

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 NIL (2022 - NIL).

4.	Tangible fixed assets

Land and

buildings

£

Cost or valuation

Additions

1,691,660

Revaluations

90,000

At 31 March 2023

1,781,660

Net book value

At 31 March 2023

1,781,660

Cost or valuation at 31 March 2023 is represented by:

Land and

buildings

£

Valuation in 2023

90,000

Cost

1,691,660

1,781,660

5.

Debtors: amounts falling due within one year

31.3.23

31.3.22

as restated

£

£

Other debtors

-

9,365

6.

Creditors: amounts falling due within one year

31.3.23

31.3.22

as restated

£

£

Amounts owed to group undertakings

1,739,490

-

Taxation and social security

46,521

-

Other creditors

328

-

1,786,339

-

7.	Related party disclosures

FS Tope Limited is a wholly owned subsidiary of Blackmead Infrastructure Limited. As at 31 March 2023, Blackmead Infrastructure had loaned £1,739,90 to FS Tope Limited to acquire the forest. The loan is interest free for the first three years.

8.	Ultimate controlling party

In the opinion of the directors, the immediate parent company is Blackmead Infrastructure Limited, with the ultimate controlling party being Averon Park Limited.