Fortnum Developments Ltd 08913377 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is Development of building projects Digita Accounts Production Advanced 6.30.9574.0 true 08913377 2023-03-01 2024-02-29 08913377 2024-02-29 08913377 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08913377 bus:Micro-entities 2023-03-01 2024-02-29 08913377 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08913377 bus:FilletedAccounts 2023-03-01 2024-02-29 08913377 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08913377 bus:RegisteredOffice 2023-03-01 2024-02-29 08913377 bus:Director1 2023-03-01 2024-02-29 08913377 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08913377 countries:EnglandWales 2023-03-01 2024-02-29 08913377 2022-03-01 2023-02-28 08913377 2023-02-28 08913377 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 08913377

Fortnum Developments Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Fortnum Developments Ltd

(Registration number: 08913377)
Balance Sheet as at 29 February 2024

2024
£

2023
£

Current assets

1,423,829

1,638,023

Prepayments and accrued income

20,445

26,277

Creditors: Amounts falling due within one year

(1,293,602)

(1,458,621)

Total assets less current liabilities

150,672

205,679

Accruals and deferred income

(7,448)

(1,863)

 

143,224

203,816

Capital and reserves

143,224

203,816

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3rd Floor
166 College Road
Harrow
Middlesex
HA1 1BH
United Kingdom

These financial statements were authorised for issue by the director on 21 November 2024.

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 £.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

3

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.

4

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

5

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 director on 21 November 2024
 

.........................................
Susan Fabre
Director