Company Registration No. 12841168 (England and Wales)
Fortees Property Ltd
Unaudited accounts
for the year ended 31 August 2023
Fortees Property Ltd
Unaudited accounts
Contents
Fortees Property Ltd
Company Information
for the year ended 31 August 2023
Directors
Kwadwo Mante
Sandra Mante
Company Number
12841168 (England and Wales)
Registered Office
16 LITTLESTONE GATE
MILTON KEYNES
MK10 7DH
UNITED KINGDOM
Fortees Property Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
164,800
164,800
Cash at bank and in hand
6,990
3,672
Creditors: amounts falling due within one year
(106,112)
(77,863)
Net current liabilities
(99,122)
(74,191)
Total assets less current liabilities
65,678
90,609
Creditors: amounts falling due after more than one year
(118,277)
(118,277)
Net liabilities
(52,599)
(27,668)
Called up share capital
100
100
Profit and loss account
(52,699)
(27,768)
Shareholders' funds
(52,599)
(27,668)
For the year ending 31 August 2023 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by
Kwadwo Mante
Director
Company Registration No. 12841168
Fortees Property Ltd
Notes to the Accounts
for the year ended 31 August 2023
Fortees Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12841168. The registered office is 16 LITTLESTONE GATE, MILTON KEYNES, MK10 7DH, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10 years
Computer equipment
3 years
4
Tangible fixed assets
Land & buildings
At 1 September 2022
164,800
Fortees Property Ltd
Notes to the Accounts
for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
37,357
37,357
Trade creditors
46,620
22,257
Taxes and social security
135
351
Loans from directors
8,500
10,000
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
118,277
118,277
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).