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Fortress Developments Company Limited
Registered Number:01669314
For the year ended 31 October 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2021
Fortress Developments Company Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
01669314
As at 31 October 2021
Fortress Developments Company Limited
Statement of Financial Position
£
£
2020
2021
Notes
Current assets
Inventories
5,682
5,682
2
1,238
Cash and cash equivalents
698
6,380
6,920
Trade and other payables: amounts falling due within one
year
(4,067)
(3,930)
3
2,853
2,450
Net current assets
Total assets less current liabilities
2,450
2,853
2,450
Net assets
2,853
Capital and reserves
Called up share capital
100
100
Retained earnings
2,350
2,753
2,450
2,853
Shareholders' funds
For the year ended 31 October 2021 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 of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Martin Jonathan McKeown Director
These financial statements were approved and authorised for issue by the Board on 27 August 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2021
Fortress Developments Company Limited
Notes to the Financial Statements
Statutory Information
Fortress Developments Company Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 01669314.
Principal place of business:
55 The Maltings
Roydon Road
Stanstead Abbotts
Hertfordshire
SG12 8HG
Registered address:
55 The Maltings
Roydon Road
Stanstead Abbotts
Hertfordshire
SG12 8HG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Inventories
The company owns land, which may have some future development potential. Expenditure has previously been incurred to prepare the land for development. This expenditure is treated as work in progress at 31st October 2021.
2. Inventories
2020
2021
£
£
Stocks
5,682
5,682
Development Land
3. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Other creditors
3,930
4,067
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5
For the year ended 31 October 2021
Fortress Developments Company Limited
Notes to the Financial Statements Continued
4. Related party transactions
A director (M J McKeown) has paid expenses on behalf of the company. The amount due to him at 31st October
2021 is £65 (2020 £52)
A shareholder has paid expenses on behalf of the company in respect of the development land. The amount due to
the shareholder at 31st October 2021 is £3,475 (2020 £3,475)
5. Average number of persons employed
During the year the average number of employees was 0
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