Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseNo description of principal activity13falsetrue 08912416 2023-06-01 2024-05-31 08912416 2022-06-01 2023-05-31 08912416 2024-05-31 08912416 2023-05-31 08912416 c:Director1 2023-06-01 2024-05-31 08912416 d:MotorVehicles 2023-06-01 2024-05-31 08912416 d:MotorVehicles 2024-05-31 08912416 d:MotorVehicles 2023-05-31 08912416 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08912416 d:OfficeEquipment 2023-06-01 2024-05-31 08912416 d:OfficeEquipment 2024-05-31 08912416 d:OfficeEquipment 2023-05-31 08912416 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08912416 d:ComputerEquipment 2023-06-01 2024-05-31 08912416 d:ComputerEquipment 2024-05-31 08912416 d:ComputerEquipment 2023-05-31 08912416 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08912416 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08912416 d:CurrentFinancialInstruments 2024-05-31 08912416 d:CurrentFinancialInstruments 2023-05-31 08912416 d:Non-currentFinancialInstruments 2024-05-31 08912416 d:Non-currentFinancialInstruments 2023-05-31 08912416 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08912416 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08912416 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 08912416 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08912416 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 08912416 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 08912416 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 08912416 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 08912416 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 08912416 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 08912416 d:ShareCapital 2024-05-31 08912416 d:ShareCapital 2023-05-31 08912416 d:CapitalRedemptionReserve 2024-05-31 08912416 d:CapitalRedemptionReserve 2023-05-31 08912416 d:RetainedEarningsAccumulatedLosses 2024-05-31 08912416 d:RetainedEarningsAccumulatedLosses 2023-05-31 08912416 c:OrdinaryShareClass1 2023-06-01 2024-05-31 08912416 c:OrdinaryShareClass1 2024-05-31 08912416 c:OrdinaryShareClass1 2023-05-31 08912416 c:FRS102 2023-06-01 2024-05-31 08912416 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08912416 c:FullAccounts 2023-06-01 2024-05-31 08912416 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08912416 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 08912416 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 08912416 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 08912416 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 08912416 2 2023-06-01 2024-05-31 08912416 6 2023-06-01 2024-05-31 08912416 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08912416









FORTUNE GREEN CAPITAL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
FORTUNE GREEN CAPITAL LTD
REGISTERED NUMBER: 08912416

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
13,533
59,453

Fixed asset investments
  
104
104

  
13,637
59,557

Current assets
  

Debtors: amounts falling due within one year
 6 
162,979
274,821

Cash at bank and in hand
 7 
2,128,742
2,519,726

  
2,291,721
2,794,547

Creditors: amounts falling due within one year
 8 
(2,038,036)
(2,511,554)

Net current assets
  
 
 
253,685
 
 
282,993

Total assets less current liabilities
  
267,322
342,550

Creditors: amounts falling due after more than one year
 9 
(29,878)
(93,021)

  

Net assets
  
237,444
249,529


Capital and reserves
  

Called up share capital 
  
25
25

Capital redemption reserve
  
75
75

Profit and loss account
  
237,344
249,429

  
237,444
249,529


Page 1

 
FORTUNE GREEN CAPITAL LTD
REGISTERED NUMBER: 08912416
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Soltanie
Director

Date: 18 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
FORTUNE GREEN CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Fortune Green Capital Ltd is a private company limited by shares incorporated in England and Wales.
The registered office is 37-39 Maida Vale, London, W9 1TP.
The financial statements are presented in Sterling (£), which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
FORTUNE GREEN CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
FORTUNE GREEN CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 3).

Page 5

 
FORTUNE GREEN CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
108,944
24,035
20,674
153,653


Additions
-
4,272
-
4,272


Disposals
(108,944)
-
-
(108,944)



At 31 May 2024

-
28,307
20,674
48,981



Depreciation


At 1 June 2023
62,983
14,366
16,851
94,200


Charge for the year on owned assets
-
3,275
956
4,231


Disposals
(62,983)
-
-
(62,983)



At 31 May 2024

-
17,641
17,807
35,448



Net book value



At 31 May 2024
-
10,666
2,867
13,533



At 31 May 2023
45,961
9,669
3,823
59,453


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 June 2023
104



At 31 May 2024
104




Fixed asset investments not carried at market value
The company holds shares in unlisted companies and it has not been deemed possible to place a reliable
market value on the investments. It has therefore been recognised at historical cost.

Page 6

 
FORTUNE GREEN CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Other debtors
162,979
274,821

162,979
274,821



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,128,742
2,519,726

2,128,742
2,519,726



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,132
5,132

Other taxation and social security
9
-

Obligations under finance lease and hire purchase contracts
-
8,688

Other creditors
2,029,895
2,493,234

Accruals and deferred income
3,000
4,500

2,038,036
2,511,554



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
29,878
35,141

Net obligations under finance leases and hire purchase contracts
-
57,880

29,878
93,021


Page 7

 
FORTUNE GREEN CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,132
5,132


5,132
5,132

Amounts falling due 1-2 years

Bank loans
5,263
5,263


5,263
5,263

Amounts falling due 2-5 years

Bank loans
16,601
16,601


16,601
16,601

Amounts falling due after more than 5 years

Bank loans
8,014
13,277

8,014
13,277

35,010
40,273


Page 8

 
FORTUNE GREEN CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
-
8,688

Between 1-5 years
-
57,880

-
66,568


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



25 (2023 - 25) Ordinary shares shares of £1.00 each
25
25


 
Page 9