Fortress & Castle Ltd
Registered number: 08866655
Statement of Financial Position
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 23,631 29,734
Financial assets 51,116 83,500
74,747 113,234
Current assets
Debtors 5 175,836 143,038
Cash at bank and in hand 7,223 23,834
183,059 166,872
Creditors: amounts falling due within one year 6 (233,308) (190,093)
Net current liabilities (50,249) (23,221)
Total assets less current liabilities 24,498 90,013
Creditors: amounts falling due after more than one year 7 (19,908) (8,333)
Provisions for liabilities (4,490) (3,270)
Net assets 100 78,410
Capital and reserves
Called up share capital 100 100
Profit and loss account - 78,310
Shareholders' funds 100 78,410
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Wilson
Director
Approved by the board on 23 October 2023
Fortress & Castle Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover consists of revenue earned from the rendering of services. Turnover is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.

Changes in fair value/Impairment losses are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Exceptional items 2023 2022
£ £
Value adjustments on fixed assets and current asset investments 111,384 -
111,384 -
3 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 9 8
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 51,531 16,803 68,334
Additions 1,774 - 1,774
At 31 January 2023 53,305 16,803 70,108
Depreciation
At 1 February 2022 27,113 11,487 38,600
Charge for the year 6,548 1,329 7,877
At 31 January 2023 33,661 12,816 46,477
Net book value
At 31 January 2023 19,644 3,987 23,631
At 31 January 2022 24,418 5,316 29,734
5 Debtors 2023 2022
£ £
Trade debtors 33,705 26,417
Prepayments 14,743 13,447
Other debtors 127,388 103,174
175,836 143,038
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 29,861 20,000
Trade creditors 15,208 18,399
Accruals 2,023 1,284
Corporation tax 117,030 99,533
Other taxes and social security costs 44,486 48,122
Other creditors 24,700 2,755
233,308 190,093
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,908 8,333
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 34,043 44,815
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
H Wilson
Repayable on demand 37,010 18,920 - 55,930
37,010 18,920 - 55,930
10 Other information
Fortress & Castle Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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