Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 NI617231 Mr Wayne Horwood Mr Gordon Patterson Mr Graeme Steele Kali Belfast Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI617231 2023-02-28 NI617231 2024-02-28 NI617231 2023-03-01 2024-02-28 NI617231 frs-core:CurrentFinancialInstruments 2024-02-28 NI617231 frs-core:FurnitureFittings 2023-03-01 2024-02-28 NI617231 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 NI617231 frs-core:PlantMachinery 2023-03-01 2024-02-28 NI617231 frs-core:ShareCapital 2024-02-28 NI617231 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 NI617231 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 NI617231 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 NI617231 frs-bus:SmallEntities 2023-03-01 2024-02-28 NI617231 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 NI617231 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 NI617231 1 2023-03-01 2024-02-28 NI617231 frs-bus:Director1 2023-03-01 2024-02-28 NI617231 frs-bus:Director2 2023-03-01 2024-02-28 NI617231 frs-bus:Director3 2023-03-01 2024-02-28 NI617231 frs-countries:NorthernIreland 2023-03-01 2024-02-28 NI617231 2022-02-28 NI617231 2023-02-28 NI617231 2022-03-01 2023-02-28 NI617231 frs-core:CurrentFinancialInstruments 2023-02-28 NI617231 frs-core:ShareCapital 2023-02-28 NI617231 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: NI617231
Fortuna Inns Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI617231
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,800 2,800
Cash at bank and in hand 42 1,236
2,842 4,036
Creditors: Amounts Falling Due Within One Year 5 (661,692 ) (662,886 )
NET CURRENT ASSETS (LIABILITIES) (658,850 ) (658,850 )
TOTAL ASSETS LESS CURRENT LIABILITIES (658,850 ) (658,850 )
NET LIABILITIES (658,850 ) (658,850 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (658,950 ) (658,950 )
SHAREHOLDERS' FUNDS (658,850) (658,850)
Page 1
Page 2
For the year ending 28 February 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 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 Graeme Steele
Director
28 November 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
Fortuna Inns Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI617231 . The registered office is Jefferson House, 42 Queen Street, Belfast, Northern Ireland, BT1 6HL.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 4% straight line
Plant & Machinery 10% straight line
Fixtures & Fittings 10% straight line
2.3. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, other than directors who were not paid, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 2,800 2,800
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,499 -
VAT 13,011 13,042
Amounts owed to group undertakings 644,182 649,844
661,692 662,886
The overdraft is secured by a debenture over the assets of the company, and by inter company guarantees with Kali Belfast Limited, Osiris Bars Limited and Osiris Bars No 2 Limited.
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6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Kali Belfast Limited . Kali Belfast Limited was incorporated in Northern Ireland. The ultimate controlling party is Kali Belfast Limited who controls 100% of the shares of Fortuna Inns Limited .
Page 4