FORTIS IP LTD

Company Registration Number:
07079862 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

FORTIS IP LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

FORTIS IP LTD

Company Information

for the Period Ended 30 September 2023




Director: Neil Muttock
Registered office: 4 Mews House
Princes Lane
London
England
N10 3LU
Company Registration Number: 07079862 (England and Wales)

FORTIS IP LTD

Directors' Report Period Ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal Activities

The principal activity of the company in the period under review was providing advice about management of intellectual property.

Directors

The directors shown below have held office during the whole of the period from 01 October 2022 to 30 September 2023
Neil Muttock

This report was approved by the board of directors on 21 November 2023
And Signed On Behalf Of The Board By:

Name: Neil Muttock
Status: Director

FORTIS IP LTD

Profit and Loss Account

for the Period Ended 30 September 2023


Notes

2023
£

2022
£
Turnover 181,242 187,814
Cost of sales ( 75,052 ) ( 84,891 )
Gross Profit or (Loss) 106,190 102,923
Administrative Expenses ( 58,380 ) ( 85,285 )
Operating Profit or (Loss) 47,810 17,638
Interest Receivable and Similar Income 1,293 -
Profit or (Loss) Before Tax 49,103 17,638
Tax on Profit ( 9,329 ) ( 3,351 )
Profit or (Loss) for Period 39,774 14,287

The notes form part of these financial statements

FORTIS IP LTD

Balance sheet

As at 30 September 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 5 741,598 69,805
Tangible assets: 6 257,288 257,288
Total fixed assets: 998,886 327,093
Current assets
Debtors: 7 126,255 361,330
Cash at bank and in hand: 7,696 438,513
Total current assets: 133,951 799,843
Creditors: amounts falling due within one year: 8 ( 13,578 ) ( 7,451 )
Net current assets (liabilities): 120,373 792,392
Total assets less current liabilities: 1,119,259 1,119,485
Total net assets (liabilities): 1,119,259 1,119,485

The notes form part of these financial statements

FORTIS IP LTD

Balance sheet continued

As at 30 September 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,119,159 1,119,385
Shareholders funds: 1,119,259 1,119,485

For the year ending 30 September 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 21 November 2023
And Signed On Behalf Of The Board By:

Name: Neil Muttock
Status: Director

The notes form part of these financial statements

FORTIS IP LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FORTIS IP LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

FORTIS IP LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 3. Off balance sheet disclosure

    No

FORTIS IP LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Dividends


2023
£

2022
£
Dividends paid 40,000 55,000

FORTIS IP LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Intangible assets

Other Total
Cost £ £
At 01 October 2022 69,805 69,805
Additions 671,793 671,793
Disposals - -
Revaluations - -
Transfers - -
At 30 September 2023 741,598 741,598
Amortisation
Amortisation at 01 October 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 30 September 2023 - -
Net book value
Net book value at 30 September 2023 741,598 741,598
Net book value at 30 September 2022 69,805 69,805

FORTIS IP LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Tangible assets

Land & buildings Plant & machinery Total
Cost £ £ £
At 01 October 2022 257,288 98,827 356,115
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 September 2023 257,288 98,827 356,115
Depreciation
At 01 October 2022 - 98,827 98,827
Charge for year - - -
On disposals - - -
Other adjustments - - -
At 30 September 2023 - 98,827 98,827
Net book value
At 30 September 2023 257,288 0 257,288
At 30 September 2022 257,288 0 257,288

FORTIS IP LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

7. Debtors


2023
£

2022
£
Trade debtors 43,611 44,330
Other debtors 82,644 317,000
Total 126,255 361,330

FORTIS IP LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

8.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 11,240 5,111
Other creditors 2,338 2,340
Total 13,578 7,451