Company Registration No. 09823099 (England and Wales)
Forsyth House Limited
Unaudited accounts
for the year ended 31 October 2017
Forsyth House Limited
Unaudited accounts
Contents
Forsyth House Limited
Company Information
for the year ended 31 October 2017
Company Number
09823099 (England and Wales)
Registered Office
UPPER FLOORS
99 CLAPTON COMMON
LONDON
E5 9AB
ENGLAND
Accountants
Precision Ltd
30 Castlewood Road
London
N16 6DW
Forsyth House Limited
Statement of financial position
as at 31 October 2017
Creditors: amounts falling due within one year
(31,203)
(684,885)
Net current assets/(liabilities)
8,828
(684,885)
Net assets/(liabilities)
8,828
(5,718)
Called up share capital
1
1
Profit and loss account
8,827
(5,719)
Shareholders' funds
8,828
(5,718)
For the year ending 31 October 2017 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 October 2018.
Yisroel Kohn
Director
Company Registration No. 09823099
Forsyth House Limited
Notes to the Accounts
for the year ended 31 October 2017
Forsyth House Limited is a private company, limited by shares, registered in England and Wales, registration number 09823099. The registered office is UPPER FLOORS, 99 CLAPTON COMMON, LONDON, E5 9AB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 14 October 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net rent receivable, excluding value added tax.
Tangible fixed assets policy
In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or amortisation is provided in respect of freehold investment properties nor on leasehold investment properties having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy results in the financial statements giving true and fair view.
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.
Forsyth House Limited
Notes to the Accounts
for the year ended 31 October 2017
4
Tangible fixed assets
Land & buildings
At 1 November 2016
679,167
At 31 October 2016
679,167
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
259,000
Taxes and social security
4,913
4,946
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
