Registration number:
Fortnum Developments Ltd
for the Year Ended 29 February 2024
Fortnum Developments Ltd
(Registration number: 08913377)
Balance Sheet as at 29 February 2024
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2023 |
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Current assets |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
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Total assets less current liabilities |
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Accruals and deferred income |
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Capital and reserves |
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Stock and Work in progress |
Included in current assets is an amount of £0 (2023: £171,442) attributed to stock and work in progress, representing stock of properties available for resale and work in progress relating to property development.
Current Assets |
Included in current assets is an amount of £817,821 (2023: £656,932) owed by the director of the company. 2.5% interest has been charged on the loan.
Fortnum Developments Ltd
(Registration number: 08913377)
Balance Sheet as at 29 February 2024
Creditors |
Included in creditors is an amount of £896,223 (2023: £896,223) owed to connected parties. The loans are provided interest free and are unsecured. There are no formal terms and conditions regarding repayment of the loans.
6. Bad debt
Included within cost of sales is a bad debt amounting to £99,881, representing an amount due to the company under a property transaction conducted at arm's length, which is highly unlikely to be recovered by the company.
For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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