Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01falseNo description of principal activity1919truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10605801 2022-01-01 2022-12-31 10605801 2022-12-31 10605801 c:Director2 2023-01-01 2023-12-31 10605801 d:FurnitureFittings 2023-01-01 2023-12-31 10605801 d:FurnitureFittings 2023-12-31 10605801 d:FurnitureFittings 2022-12-31 10605801 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10605801 d:OfficeEquipment 2023-01-01 2023-12-31 10605801 d:OfficeEquipment 2023-12-31 10605801 d:OfficeEquipment 2022-12-31 10605801 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10605801 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10605801 d:ComputerSoftware 2023-12-31 10605801 d:ComputerSoftware 2022-12-31 10605801 d:CurrentFinancialInstruments 2023-12-31 10605801 d:CurrentFinancialInstruments 2022-12-31 10605801 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10605801 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10605801 d:ShareCapital 2023-12-31 10605801 d:ShareCapital 2022-12-31 10605801 d:RetainedEarningsAccumulatedLosses 2023-12-31 10605801 d:RetainedEarningsAccumulatedLosses 2022-12-31 10605801 c:FRS102 2023-01-01 2023-12-31 10605801 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10605801 c:FullAccounts 2023-01-01 2023-12-31 10605801 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10605801 2023-01-01 2023-12-31 10605801 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 10605801













Fortuna Gaming Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Fortuna Gaming Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
200
200

Tangible assets
 5 
42,358
48,553

  
42,558
48,753

Current assets
  

Debtors
 6 
163,235
161,350

Cash at bank and in hand
  
81,350
32,368

  
244,585
193,718

Creditors: amounts falling due within one year
 7 
(98,493)
(73,597)

Net current assets
  
 
 
146,092
 
 
120,121

Total assets less current liabilities
  
188,650
168,874

Provisions for liabilities
  

Deferred tax
  
(7,461)
(11,354)

  
 
 
(7,461)
 
 
(11,354)

Net assets
  
181,189
157,520


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
181,089
157,420

Shareholders' funds
  
181,189
157,520


1

 
Fortuna Gaming Limited

    
Balance sheet (continued)
At 31 December 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.




S J Manford
Director

Company registered number: 10605801
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Fortuna Gaming Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is 14 Blandford Square, Newcastle upon Tyne, NE1 4HZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents amounts received during the period,
exclusive of Value Added Tax.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

3

 
Fortuna Gaming Limited
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.7

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 19).

4

 
Fortuna Gaming Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

4.


Intangible assets




Domains

£



Cost


At 1 January 2023
200



At 31 December 2023

200






Net book value



At 31 December 2023
200



At 31 December 2022
200




5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 January 2023
26,748
49,988
76,736


Additions
4,333
9,472
13,805



At 31 December 2023

31,081
59,460
90,541



Depreciation


At 1 January 2023
13,023
15,160
28,183


Charge for the year
5,000
15,000
20,000



At 31 December 2023

18,023
30,160
48,183



Net book value



At 31 December 2023
13,058
29,300
42,358



At 31 December 2022
13,725
34,828
48,553

5

 
Fortuna Gaming Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Trade debtors
150,000
150,000

Other debtors
13,235
11,350

163,235
161,350



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
11,318
605

Corporation tax
5,227
4,384

Other taxation and social security
38,918
53,643

Other creditors
40,030
11,965

Accruals and deferred income
3,000
3,000

98,493
73,597


6