Forrest Hotel Developments Limited in Glasgow, G41 1HJ

Description

Data updated on: 01-11-2023

Started with Reg No. SC222100 23 years ago, Forrest Hotel Developments Limited is a Private Limited Company. The company's actual registration address is 7 Seaward Street, Paisley Road Glasgow. This company has a history in business name changes. Previously this firm had two different company names. Up to 2023 this firm was prospering as Forrest Developments and up to that point its official company name was Pacific Shelf 1073. The company's classified under the NACE and SIC code 74909 - Other professional, scientific and technical activities not elsewhere classified. Forrest Hotel Developments Ltd reported its latest accounts for the financial year up to 2022-12-31. The company's latest confirmation statement was released on 2023-08-10.

We have a number of four directors supervising this specific company right now, including Keith V., David S., Donald S. and Christopher T. who have been performing the directors tasks since 2006-01-04. To provide support to the directors, the abovementioned company has been using the skills of David S. as a secretary since the appointment on 2003-06-16.

Previous company's names
Forrest Hotel Developments Limited 2023-05-11
Forrest Developments Limited 2001-10-12
Pacific Shelf 1073 Limited 2001-08-10

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	173 140	47 677	59 582	144 691	67 596
Current Assets	15 616 786	15 509 708	15 557 529	15 435 863	17 868 136
Debtors	15 443 646	13 932 205	13 858 316	10 383 764	17 358 904
Other Debtors	243 775	100 642		374 135
Total Inventories		1 529 826	1 638 465	4 907 408	441 636

Other Financial Data
Audit Fees Expenses				4 250	3 750
Director Remuneration				263 580	263 580
Number Directors Accruing Benefits Under Money Purchase Scheme				3	2
Accrued Liabilities				120 045	7 112
Administrative Expenses				476 179	-753 427
Amounts Owed By Associates	14 900 000	13 800 000	13 850 000	10 004 905	17 165 165
Amounts Owed To Associates Joint Ventures Participating Interests				144 000	147 000
Amounts Owed To Directors				2 018 125	1 514 104
Amounts Owed To Group Undertakings Participating Interests		18 000	21 000
Applicable Tax Rate				19	19
Average Number Employees During Period	5	5	5	5	5
Comprehensive Income Expense				-107 129	1 631 392
Corporation Tax Payable					107 900
Corporation Tax Recoverable				27 550	27 550
Cost Sales				57 628	3 994 560
Creditors	3 363 904	2 781 153	2 559 257	2 669 720	1 925 651
Current Asset Investments			1 166	1 084
Current Tax For Period				-27 550	107 900
Disposals Investment Property Fair Value Model		467 780			1 550 000
Dividends Paid				125 000	5 000
Dividends Paid On Shares Final				125 000	5 000
Fixed Assets	2 202 149	2 002 068	2 000 820	2 000 820	450 870
Gain Loss On Disposals Property Plant Equipment					1 193 363
Government Grant Income				27 981
Gross Profit Loss				8 487	745 517
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model		267 780
Increase Decrease In Current Tax From Adjustment For Prior Periods				-27
Investment Property	2 200 000	2 000 000	2 000 000	2 000 000	450 000
Investment Property Fair Value Model	2 200 000	2 000 000	2 000 000	2 000 000	450 000
Investments Fixed Assets	2 149	2 068	820	820	870
Investments In Associates					50
Investments In Group Undertakings	820	820	820	820	820
Net Current Assets Liabilities	12 252 882	12 728 555	12 998 272	12 766 143	15 942 485
Number Shares Issued Fully Paid					7 133
Operating Profit Loss				-134 711	1 739 290
Other Creditors	3 301 222	2 703 890	2 413 101	2 146 637	9 067
Other Current Asset Investments Balance Sheet Subtotal			1 166	1 084
Other Interest Receivable Similar Income Finance Income				5	2
Other Investments Other Than Loans	1 329	1 248	-1 166
Other Operating Income Format1				332 981	240 346
Other Taxation Social Security Payable	25 775	42 224	112 836	21 050	134 868
Par Value Share					1
Percentage Class Share Held In Subsidiary					82
Prepayments				4 971
Profit Loss				-107 129	1 631 392
Profit Loss On Ordinary Activities Before Tax				-134 706	1 739 292
Recoverable Value-added Tax				341 614
Rental Leasing Income				305 000	240 346
Tax Decrease Increase From Effect Revenue Exempt From Taxation					226 739
Tax Expense Credit Applicable Tax Rate				-25 594	330 465
Tax Increase Decrease From Effect Capital Allowances Depreciation				-2 278	-2 032
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss				322	6 206
Tax Tax Credit On Profit Or Loss On Ordinary Activities				-27 577	107 900
Total Assets Less Current Liabilities	14 455 031	14 730 623	14 999 092	14 766 963	16 393 355
Total Operating Lease Payments					1 058
Trade Creditors Trade Payables	21 907	17 039	12 320	358 033	5 600
Trade Debtors Trade Receivables	299 871	31 563	8 316	4 724	166 189
Turnover Revenue				66 115	4 740 077
Work In Progress				4 907 408	441 636