Fortune Securities limited Filleted Accounts Cover
Fortune Securities limited
Company No. 14709730
Information for Filing with The Registrar
31 March 2024
Fortune Securities limited Directors Report Registrar
The Director presents his report and the accounts for the period ended 31 March 2024.
Principal activities
The principal activity of the company during the period under review was property letting.
Director
The Director who served at any time during the period was as follows:
Christopher Snape
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Christopher Snape
Director
15 August 2024
Fortune Securities limited Balance Sheet Registrar
at
31 March 2024
Company No.
14709730
Notes
2024
£
Fixed assets
Investment property
4
400,600
400,600
Current assets
Debtors
5
599
Cash at bank and in hand
3,786
4,385
Creditors: Amount falling due within one year
6
(401,596)
Net current liabilities
(397,211)
Total assets less current liabilities
3,389
Net assets
3,389
Capital and reserves
Called up share capital
100
Profit and loss account
8
3,289
Total equity
3,389
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 March 2024 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 15 August 2024 and signed on its behalf by:
Christopher Snape
Director
15 August 2024
Fortune Securities limited Notes to the Accounts Registrar
for the period ended 31 March 2024
1
General information
Fortune Securities limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14709730
Its registered office is:
17 Regency Court
King Charles Street
Portsmouth
PO1 2RR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the rental period incurred.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
Number
The average monthly number of employees (including directors) during the period:
0
4
Investment property
Freehold Investment Property
£
Valuation
Additions
400,600
At 31 March 2024
400,600
5
Debtors
2024
£
Prepayments and accrued income
599
599
6
Creditors:
amounts falling due within one year
2024
£
Taxes and social security
1,097
Loans from directors
399,899
Accruals and deferred income
600
401,596
7
Share Capital
100 ordinary shares of £1 each issued and fully paid
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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