1 November 2022 false No description of principal activity Taxfiler 2024.4 true 13694659business:PrivateLimitedCompanyLtd2022-11-012023-10-31 136946592022-10-31 136946592022-11-012023-10-31 13694659business:AuditExemptWithAccountantsReport2022-11-012023-10-31 13694659business:FilletedAccounts2022-11-012023-10-31 136946592023-10-31 13694659business:Director12022-11-012023-10-31 13694659business:RegisteredOffice2022-11-012023-10-31 136946592022-10-31 13694659core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 13694659core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 13694659core:CapitalContributionReservecore:PreviouslyStatedAmount2023-10-31 13694659core:CapitalContributionReservecore:PreviouslyStatedAmount2022-10-31 13694659core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 13694659core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 13694659core:PreviouslyStatedAmount2023-10-31 13694659core:PreviouslyStatedAmount2022-10-31 13694659business:SmallEntities2022-11-012023-10-31 13694659countries:EnglandWales2022-11-012023-10-31 13694659core:AdditionsToInvestments2023-10-31 13694659business:OrdinaryShareClass12022-11-012023-10-31 13694659business:OrdinaryShareClass12022-10-212022-10-31 1369465912022-11-012023-10-31 136946592022-10-212022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13694659 (England and Wales)
FORTUNE ENTREPRENEUR CENTRE LIMITED Unaudited accounts for the year ended 31 October 2023
FORTUNE ENTREPRENEUR CENTRE LIMITED Unaudited accounts Contents
Page
- 2 -
FORTUNE ENTREPRENEUR CENTRE LIMITED Company Information for the year ended 31 October 2023
Director
ORALUSI, Hareter Babatunde
Company Number
13694659 (England and Wales)
Registered Office
149A MASONS HILL, BROMLEY BROMLEY BR2 9HW UNITED KINGDOM
Accountants
Wrights Consulting Ltd 14 Dovedale Road Dartford Kent DA2 6JJ
- 3 -
FORTUNE ENTREPRENEUR CENTRE LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
35,300 
- 
Current assets
Cash at bank and in hand
351 
1 
Net current assets
351 
1 
Net assets
35,651 
1 
Capital and reserves
Called up share capital
1 
1 
Capital contribution reserve
50,000 
- 
Profit and loss account
(14,350)
- 
Shareholders' funds
35,651 
1 
For the year ending 31 October 2023 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 director acknowledges his 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 and authorised for issue on 26 February 2024 and were signed on its behalf by
ORALUSI, Hareter Babatunde Director Company Registration No. 13694659
- 4 -
FORTUNE ENTREPRENEUR CENTRE LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
FORTUNE ENTREPRENEUR CENTRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13694659. The registered office is 149A MASONS HILL, BROMLEY, BROMLEY, BR2 9HW, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services 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.
Going concern
The company's operation shows it will continue to be a going concern.
4
Investments
Other investments 
£ 
Valuation at 1 November 2022
- 
Additions
35,300 
Valuation at 31 October 2023
35,300 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
6
Post balance sheet events
The Company changed its name from Fatherland Global UK Limited to Konto Fintech Limited.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 5 -