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REGISTERED NUMBER: SC738782 (Scotland)




















Fortuna Edinburgh Ltd

Unaudited Financial Statements

for the Period 20 July 2022 to 31 July 2023






Fortuna Edinburgh Ltd (Registered number: SC738782)






Contents of the Financial Statements
for the Period 20 July 2022 to 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fortuna Edinburgh Ltd

Company Information
for the Period 20 July 2022 to 31 July 2023







DIRECTOR: A C Y Ho



REGISTERED OFFICE: 77 Queen Street
Edinburgh
EH2 4NF



REGISTERED NUMBER: SC738782 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: HSBC
76 Hanover Street
Edinburgh
EH2 1EL

Fortuna Edinburgh Ltd (Registered number: SC738782)

Balance Sheet
31 July 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 42,312

CURRENT ASSETS
Stocks 8,000
Debtors 5 11,668
Cash at bank 61,284
80,952
CREDITORS
Amounts falling due within one year 6 116,553
NET CURRENT LIABILITIES (35,601 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,711

PROVISIONS FOR LIABILITIES 5,771
NET ASSETS 940

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 840
940

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Fortuna Edinburgh Ltd (Registered number: SC738782)

Balance Sheet - continued
31 July 2023


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 28 March 2024 and were signed by:





A C Y Ho - Director


Fortuna Edinburgh Ltd (Registered number: SC738782)

Notes to the Financial Statements
for the Period 20 July 2022 to 31 July 2023

1. STATUTORY INFORMATION

Fortuna Edinburgh Ltd 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 and revenue recognition
Turnover, which represents net invoiced sales of goods exclusive of value added tax, is recognised at the point when a meal is served or delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the period 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.


Fortuna Edinburgh Ltd (Registered number: SC738782)

Notes to the Financial Statements - continued
for the Period 20 July 2022 to 31 July 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 6 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 56,444
At 31 July 2023 56,444
DEPRECIATION
Charge for period 14,132
At 31 July 2023 14,132
NET BOOK VALUE
At 31 July 2023 42,312

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 11,668

Fortuna Edinburgh Ltd (Registered number: SC738782)

Notes to the Financial Statements - continued
for the Period 20 July 2022 to 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 14,778
Other creditors 101,775
116,553

The director's current account is unsecured, interest free and has no fixed repayment period.

7. LEASING AGREEMENTS
The company has minimum lease payments under non-cancellable operating leases totalling £80,484.