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Company Registration No. 08123327 (England and Wales)
Fortis House Limited Unaudited accounts for the year ended 30 June 2024
Fortis House Limited Unaudited accounts Contents
Page
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Fortis House Limited Company Information for the year ended 30 June 2024
Directors
James Askew Matthew Rice
Company Number
08123327 (England and Wales)
Registered Office
Fortis House Cothey Way Ryde Isle of Wight PO33 1QT United Kingdom
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Fortis House Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,928 
2,417 
Investment property
1,200,000 
1,200,000 
1,202,928 
1,202,417 
Current assets
Debtors
19,401 
22,337 
Cash at bank and in hand
34,435 
36,145 
53,836 
58,482 
Creditors: amounts falling due within one year
(170,627)
(167,706)
Net current liabilities
(116,791)
(109,224)
Total assets less current liabilities
1,086,137 
1,093,193 
Creditors: amounts falling due after more than one year
(315,541)
(378,438)
Provisions for liabilities
Deferred tax
(95,320)
(95,223)
Net assets
675,276 
619,532 
Capital and reserves
Called up share capital
4 
4 
Share premium
(84,998)
(84,998)
Revaluation reserve
498,758 
498,758 
Profit and loss account
261,512 
205,768 
Shareholders' funds
675,276 
619,532 
For the year ending 30 June 2024 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 24 July 2024 and were signed on its behalf by
Matthew Rice Director Company Registration No. 08123327
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Fortis House Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Fortis House Limited is a private company, limited by shares, registered in England and Wales, registration number 08123327. The registered office is Fortis House, Cothey Way, Ryde, Isle of Wight, PO33 1QT, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Straight Line 25%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Fortis House Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
4,000 
8,287 
12,287 
Additions
2,015 
- 
2,015 
At 30 June 2024
6,015 
8,287 
14,302 
Depreciation
At 1 July 2023
1,583 
8,287 
9,870 
Charge for the year
1,504 
- 
1,504 
At 30 June 2024
3,087 
8,287 
11,374 
Net book value
At 30 June 2024
2,928 
- 
2,928 
At 30 June 2023
2,417 
- 
2,417 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
1,200,000 
At 30 June 2024
1,200,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,401 
22,337 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
64,975 
61,675 
VAT
10,821 
10,594 
Trade creditors
462 
927 
Taxes and social security
14,538 
14,306 
Other creditors
50,569 
50,569 
Loans from directors
1,084 
460 
Accruals
1,372 
1,760 
Deferred income
26,806 
27,415 
170,627 
167,706 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
315,541 
378,438 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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