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REGISTERED NUMBER: 12446788 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

FORTITUDE GLOBAL LIMITED

FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance sheet 1

Notes to the financial statements 2


FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 625

Current assets
Debtors 5 26,635 23,633

Creditors
Amounts falling due within one year 6 26,327 24,024
Net current assets/(liabilities) 308 (391 )
Total assets less current liabilities 308 234

Capital and reserves
Called up share capital 8 100 100
Retained earnings 208 134
Shareholders' funds 308 234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





Mr R A Dwyer - Director


FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. Statutory information

Fortitude Global Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12446788. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is 21 Cherhill Way, Calne, Wiltshire, SN11 0FG

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable, in respect of providing coaching and consultancy services and is recognised at the date those services have been provided to clients.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 2 ) .

FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2023
and 29 February 2024 500 2,000 2,500
Depreciation
At 1 March 2023 375 1,500 1,875
Charge for year 125 500 625
At 29 February 2024 500 2,000 2,500
Net book value
At 29 February 2024 - - -
At 28 February 2023 125 500 625

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 8,083
Other debtors - 6,158
Directors' current accounts 26,635 9,238
Deferred tax asset - 154
26,635 23,633

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 101 96
Tax 18,346 16,119
Social security and other taxes - 459
VAT 4,999 4,555
Accruals and deferred income 2,881 2,795
26,327 24,024

7. Deferred tax
£   
Balance at 1 March 2023 (154 )
Charge to Income statement during year 154
Balance at 29 February 2024 -

FORTITUDE GLOBAL LIMITED (REGISTERED NUMBER: 12446788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
100 100

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr R A Dwyer
Balance outstanding at start of year 9,238 -
Amounts advanced 144,631 9,238
Amounts repaid (127,234 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,635 9,238

At the balance sheet date the Director, Mr R Dwyer, owed the company £26,635 (2023 - £9,238). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

10. Ultimate controlling party

The company is under the control of the director by virtue of his 100% holding of the issued voting share capital of the company.