Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 12687311 Mr Darren Bennett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12687311 2023-03-31 12687311 2024-03-31 12687311 2023-04-01 2024-03-31 12687311 frs-core:CurrentFinancialInstruments 2024-03-31 12687311 frs-core:Non-currentFinancialInstruments 2024-03-31 12687311 frs-core:PlantMachinery 2024-03-31 12687311 frs-core:PlantMachinery 2023-04-01 2024-03-31 12687311 frs-core:PlantMachinery 2023-03-31 12687311 frs-core:ShareCapital 2024-03-31 12687311 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12687311 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12687311 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12687311 frs-bus:SmallEntities 2023-04-01 2024-03-31 12687311 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12687311 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12687311 frs-bus:Director1 2023-04-01 2024-03-31 12687311 frs-core:CurrentFinancialInstruments 1 2024-03-31 12687311 frs-core:Non-currentFinancialInstruments 1 2024-03-31 12687311 frs-core:CurrentFinancialInstruments 2 2024-03-31 12687311 frs-countries:EnglandWales 2023-04-01 2024-03-31 12687311 2022-03-31 12687311 2023-03-31 12687311 2022-04-01 2023-03-31 12687311 frs-core:CurrentFinancialInstruments 2023-03-31 12687311 frs-core:Non-currentFinancialInstruments 2023-03-31 12687311 frs-core:ShareCapital 2023-03-31 12687311 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 12687311 frs-core:CurrentFinancialInstruments 1 2023-03-31 12687311 frs-core:Non-currentFinancialInstruments 1 2023-03-31 12687311 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 12687311
Fortem Property Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Green & Peter(UK) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12687311
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,122 663
1,122 663
CURRENT ASSETS
Debtors 5 73,920 38,389
Cash at bank and in hand 6,250 2,460
80,170 40,849
Creditors: Amounts Falling Due Within One Year 6 (380,156 ) (347,845 )
NET CURRENT ASSETS (LIABILITIES) (299,986 ) (306,996 )
TOTAL ASSETS LESS CURRENT LIABILITIES (298,864 ) (306,333 )
Creditors: Amounts Falling Due After More Than One Year 7 61,293 (26,707 )
NET LIABILITIES (237,571 ) (333,040 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (237,671 ) (333,140 )
SHAREHOLDERS' FUNDS (237,571) (333,040)
Page 1
Page 2
For the year ending 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 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.
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 Darren Bennett
Director
14/11/2024
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
Fortem Property Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12687311 . The registered office is The Limes 1339 High Road, Whetstone, London, N20 9HR.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The directors have also given assurances to ensure sufficient funds will be available as and when the need arises to enable the company to continue trading.
2.3. 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.
2.4. 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:
Plant & Machinery RB 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 9)
6 9
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 990
Additions 833
As at 31 March 2024 1,823
Depreciation
As at 1 April 2023 327
Provided during the period 374
As at 31 March 2024 701
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 1,122
As at 1 April 2023 663
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,754 20,661
Other debtors 4,200 4,200
Other debtors - Property Expensese - 13,528
Other debtors - Retainage 58,966 -
73,920 38,389
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 137,356 160,070
Other taxes and social security 22,127 14,224
VAT 24,493 45,853
Net wages 3,000 -
Pension payable 10 792
Accruals and deferred income 450 -
Director's loan account 192,720 126,906
380,156 347,845
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
DCBM loan (61,293 ) 26,707
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4