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Company Registration No. 12842464 (England and Wales)
Fortitudo (101) Limited Unaudited accounts for the period from 1 September 2022 to 30 November 2023
Fortitudo (101) Limited Unaudited accounts Contents
Page
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Fortitudo (101) Limited Company Information for the period from 1 September 2022 to 30 November 2023
Director
Richard Carr
Company Number
12842464 (England and Wales)
Registered Office
Fortitudo Property 153 Commercial Road Poole Dorset BH14 0JD England
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Fortitudo (101) Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
3,406,577 
2,350,000 
Debtors
603,811 
61,053 
Cash at bank and in hand
640 
623 
4,011,028 
2,411,676 
Creditors: amounts falling due within one year
(4,051,282)
(1,431,930)
Net current (liabilities)/assets
(40,254)
979,746 
Total assets less current liabilities
(40,254)
979,746 
Creditors: amounts falling due after more than one year
- 
(1,020,000)
Net liabilities
(40,254)
(40,254)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(41,254)
(41,254)
Shareholders' funds
(40,254)
(40,254)
For the period ending 30 November 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 28 August 2024 and were signed on its behalf by
Richard Carr Director Company Registration No. 12842464
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Fortitudo (101) Limited Notes to the Accounts for the period from 1 September 2022 to 30 November 2023
1
Statutory information
Fortitudo (101) Limited is a private company, limited by shares, registered in England and Wales, registration number 12842464. The registered office is Fortitudo Property, 153 Commercial Road, Poole, Dorset, BH14 0JD, England.
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 period, 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.
4
Inventories
2023 
2022 
£ 
£ 
Work in progress
3,406,577 
2,350,000 
3,406,577 
2,350,000 
Inventories are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost comprises the purchase cost of land and buildings and development expenditure. Profit on sales of developed properties are taken on receipt of sales proceeds at legal completion. Costs attributable to each sale comprises an appropriate proportion of total costs of the development.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
30,223 
Other debtors
603,811 
30,830 
603,811 
61,053 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,103 
- 
Trade creditors
315,962 
240,000 
Other creditors
3,724,217 
1,187,430 
Accruals
- 
4,500 
4,051,282 
1,431,930 
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Fortitudo (101) Limited Notes to the Accounts for the period from 1 September 2022 to 30 November 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
1,020,000 
8
Average number of employees
During the period the average number of employees was 0 (2022: 0).
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