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REGISTERED NUMBER: 04201430 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FORTUNES ALWAYS HIDING LIMITED

FORTUNES ALWAYS HIDING LIMITED (REGISTERED NUMBER: 04201430)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

FORTUNES ALWAYS HIDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: B P Collins
E J Disney





SECRETARY: B P Collins





REGISTERED OFFICE: 92 Church Street
Willingdon
Eastbourne
East Sussex
BN22 0HU





REGISTERED NUMBER: 04201430 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

FORTUNES ALWAYS HIDING LIMITED (REGISTERED NUMBER: 04201430)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,250 -
Investment property 5 5,730,000 5,730,000
5,738,250 5,730,000

CURRENT ASSETS
Debtors 6 1,580 -
Cash at bank 319,698 231,526
321,278 231,526
CREDITORS
Amounts falling due within one year 7 962,014 839,900
NET CURRENT LIABILITIES (640,736 ) (608,374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,097,514

5,121,626

CREDITORS
Amounts falling due after more than one
year

8

(1,302,034

)

(1,419,800

)

PROVISIONS FOR LIABILITIES (472,226 ) (470,163 )
NET ASSETS 3,323,254 3,231,663

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,323,154 3,231,563
SHAREHOLDERS' FUNDS 3,323,254 3,231,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FORTUNES ALWAYS HIDING LIMITED (REGISTERED NUMBER: 04201430)

BALANCE SHEET - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2025 and were signed on its behalf by:





B P Collins - Director


FORTUNES ALWAYS HIDING LIMITED (REGISTERED NUMBER: 04201430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Fortunes Always Hiding Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
In preparing the financial statements, the director is required to make an assessment of the ability of the company to continue as a going concern. The director has considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the director is satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion he considers that no material uncertainty exists. As a result, the director has concluded that it remains appropriate to adopt a going concern basis of preparation.

Turnover
Turnover represents net invoiced sales of services and rent received excluding value added tax. Turnover is recognised when the company receives the right to consideration.

Investment property
There is no depreciation or amortisation provided in respect of investment property. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is, in the opinion of the director, necessary for the financial statements to give a true and fair view in accordance with applicable accounting standards, as properties are included in the financial statements at their fair value.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

FORTUNES ALWAYS HIDING LIMITED (REGISTERED NUMBER: 04201430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 11,000
At 30 April 2024 11,000
DEPRECIATION
Charge for year 2,750
At 30 April 2024 2,750
NET BOOK VALUE
At 30 April 2024 8,250

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 5,730,000
NET BOOK VALUE
At 30 April 2024 5,730,000
At 30 April 2023 5,730,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 2,474,539
Cost 3,255,461
5,730,000

If investment property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 3,255,461 3,255,461

Investment property was valued on an open market basis on 30 April 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,580 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 163,033 143,076
Taxation and social security 51,859 57,545
Other creditors 747,122 639,279
962,014 839,900

FORTUNES ALWAYS HIDING LIMITED (REGISTERED NUMBER: 04201430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 1,302,034 1,419,800

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 831,180 831,180

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 1,465,067 1,562,876

The bank has a fixed and floating charge over all properties of the business.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the directors £555,871 (2023: £506,202). This relates to an interest free loan made by the director to the company and is repayable on demand.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FORTUNES ALWAYS HIDING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fortunes Always Hiding Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fortunes Always Hiding Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fortunes Always Hiding Limited and state those matters that we have agreed to state to the Board of Directors of Fortunes Always Hiding Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fortunes Always Hiding Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fortunes Always Hiding Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fortunes Always Hiding Limited. You consider that Fortunes Always Hiding Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fortunes Always Hiding Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


26 January 2025