Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12497708 Mr Steven Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12497708 2022-12-31 12497708 2023-12-31 12497708 2023-01-01 2023-12-31 12497708 frs-core:CurrentFinancialInstruments 2023-12-31 12497708 frs-core:ComputerEquipment 2023-12-31 12497708 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12497708 frs-core:ComputerEquipment 2022-12-31 12497708 frs-core:ShareCapital 2023-12-31 12497708 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12497708 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12497708 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12497708 frs-bus:SmallEntities 2023-01-01 2023-12-31 12497708 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12497708 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12497708 frs-core:CostValuation 2022-12-31 12497708 frs-core:AdditionsToInvestments 2023-12-31 12497708 frs-core:RevaluationsIncreaseDecreaseInInvestments 2023-12-31 12497708 frs-core:CostValuation 2023-12-31 12497708 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 12497708 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 12497708 frs-bus:Director1 2023-01-01 2023-12-31 12497708 frs-countries:EnglandWales 2023-01-01 2023-12-31 12497708 2021-12-31 12497708 2022-12-31 12497708 2022-01-01 2022-12-31 12497708 frs-core:CurrentFinancialInstruments 2022-12-31 12497708 frs-core:ShareCapital 2022-12-31 12497708 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12497708
Fortes Partners Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12497708
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,729 9,066
Investments 5 5,603,806 3,131,451
5,607,535 3,140,517
CURRENT ASSETS
Debtors 6 3,481,744 3,135,225
Cash at bank and in hand 2,246 49,515
3,483,990 3,184,740
Creditors: Amounts Falling Due Within One Year 7 (6,454,120 ) (5,699,761 )
NET CURRENT ASSETS (LIABILITIES) (2,970,130 ) (2,515,021 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,637,405 625,496
NET ASSETS 2,637,405 625,496
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,637,305 625,396
SHAREHOLDERS' FUNDS 2,637,405 625,496
Page 1
Page 2
For the year ending 31 December 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Clark
Director
18 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fortes Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12497708 . The registered office is 3rd Floor, 22 Old Bond Street, London, W1S 4PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 30,803
As at 31 December 2023 30,803
Depreciation
As at 1 January 2023 21,737
Provided during the period 5,337
As at 31 December 2023 27,074
Net Book Value
As at 31 December 2023 3,729
As at 1 January 2023 9,066
Page 3
Page 4
5. Investments
Subsidiaries
£
Cost
As at 1 January 2023 3,131,451
Additions -
Revaluations 2,472,355
As at 31 December 2023 5,603,806
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 5,603,806
As at 1 January 2023 3,131,451
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 803,328 964,142
Other debtors 2,678,416 2,171,083
3,481,744 3,135,225
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 79,159 261,598
Bank loans and overdrafts 5 5
Other creditors 6,343,133 5,333,463
Taxation and social security 31,823 104,695
6,454,120 5,699,761
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4