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REGISTERED NUMBER: 09900211 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FORTANNIA LIMITED

FORTANNIA LIMITED (REGISTERED NUMBER: 09900211)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORTANNIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: E W B Gunnery





REGISTERED OFFICE: Tockington Park Farm
Tockington Park
Almondsbury
Bristol
BS32 4JE





REGISTERED NUMBER: 09900211 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

FORTANNIA LIMITED (REGISTERED NUMBER: 09900211)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,047 1,432

CURRENT ASSETS
Debtors 5 82,932 9,951
Cash at bank 27,563 34,246
110,495 44,197
CREDITORS
Amounts falling due within one year 6 (39,942 ) (47,063 )
NET CURRENT ASSETS/(LIABILITIES) 70,553 (2,866 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,600

(1,434

)

CREDITORS
Amounts falling due after more than one
year

7

(22,239

)

(25,970

)

PROVISIONS FOR LIABILITIES (262 ) (358 )
NET ASSETS/(LIABILITIES) 49,099 (27,762 )

CAPITAL AND RESERVES
Called up share capital 8 115 115
Share premium 9,985 9,985
Retained earnings 38,999 (37,862 )
SHAREHOLDERS' FUNDS 49,099 (27,762 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

FORTANNIA LIMITED (REGISTERED NUMBER: 09900211)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





E W B Gunnery - Director


FORTANNIA LIMITED (REGISTERED NUMBER: 09900211)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Fortannia Limited is a private company, limited by shares , registered in England and Wales. 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.

The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FORTANNIA LIMITED (REGISTERED NUMBER: 09900211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2023 2,463 3,764 6,227
Additions - 242 242
Disposals - (1,900 ) (1,900 )
At 31 December 2023 2,463 2,106 4,569
DEPRECIATION
At 1 January 2023 1,820 2,975 4,795
Charge for year 129 299 428
Eliminated on disposal - (1,701 ) (1,701 )
At 31 December 2023 1,949 1,573 3,522
NET BOOK VALUE
At 31 December 2023 514 533 1,047
At 31 December 2022 643 789 1,432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 12,000 -
Other debtors 70,932 9,951
82,932 9,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,726 3,634
Trade creditors 365 386
Taxation and social security 27,497 23,714
Other creditors 8,354 19,329
39,942 47,063

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 22,239 25,970

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,370 10,493

FORTANNIA LIMITED (REGISTERED NUMBER: 09900211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary A £1 100 100
15 Ordinary B £1 15 15
115 115

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
E W B Gunnery
Balance outstanding at start of year 9,086 47,676
Amounts advanced 70,518 106,666
Amounts repaid (8,991 ) (145,256 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,613 9,086

10. RELATED PARTY DISCLOSURES

At the year end Fortannia Limited was owed £70,613 (2022 - £9,086) by its director. This loan was repaid after the year end and interest was charged on the overdrawn loan balance during the year.