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REGISTERED NUMBER: SC692085 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

Fortitudine Financial Planning Limited

Fortitudine Financial Planning Limited (Registered number: SC692085)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Fortitudine Financial Planning Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: M Jackson





SECRETARY:





REGISTERED OFFICE: 3 Dava Street
Glasgow
G51 2JA





REGISTERED NUMBER: SC692085 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Fortitudine Financial Planning Limited (Registered number: SC692085)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,005 13,770
Investments 5 333,357 208,010
343,362 221,780

CURRENT ASSETS
Cash at bank 39,628 9,212

CREDITORS
Amounts falling due within one year 6 12,586 1,652
NET CURRENT ASSETS 27,042 7,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,404

229,340

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 370,284 229,220
SHAREHOLDERS' FUNDS 370,404 229,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





M Jackson - Director


Fortitudine Financial Planning Limited (Registered number: SC692085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Fortitudine Financial Planning Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Fortitudine Financial Planning Limited (Registered number: SC692085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 14,509
DEPRECIATION
At 1 August 2022 739
Charge for year 3,765
At 31 July 2023 4,504
NET BOOK VALUE
At 31 July 2023 10,005
At 31 July 2022 13,770

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022 208,010
Additions 125,347
At 31 July 2023 333,357
NET BOOK VALUE
At 31 July 2023 333,357
At 31 July 2022 208,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 10,937 3
Other creditors 1,649 1,649
12,586 1,652

Fortitudine Financial Planning Limited (Registered number: SC692085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2023 and the period ended 31 July 2022:

2023 2022
£    £   
M Jackson
Balance outstanding at start of year 989 -
Amounts advanced - 989
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 989 989