Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false2023-06-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07135652 2023-06-01 2024-05-31 07135652 2022-06-01 2023-05-31 07135652 2024-05-31 07135652 2023-05-31 07135652 c:Director1 2023-06-01 2024-05-31 07135652 d:FreeholdInvestmentProperty 2024-05-31 07135652 d:FreeholdInvestmentProperty 2023-05-31 07135652 d:CurrentFinancialInstruments 2024-05-31 07135652 d:CurrentFinancialInstruments 2023-05-31 07135652 d:Non-currentFinancialInstruments 2024-05-31 07135652 d:Non-currentFinancialInstruments 2023-05-31 07135652 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07135652 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07135652 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 07135652 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07135652 d:ShareCapital 2024-05-31 07135652 d:ShareCapital 2023-05-31 07135652 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 07135652 d:RetainedEarningsAccumulatedLosses 2024-05-31 07135652 d:RetainedEarningsAccumulatedLosses 2023-05-31 07135652 d:OtherDeferredTax 2024-05-31 07135652 d:OtherDeferredTax 2023-05-31 07135652 c:OrdinaryShareClass1 2023-06-01 2024-05-31 07135652 c:OrdinaryShareClass1 2024-05-31 07135652 c:OrdinaryShareClass1 2023-05-31 07135652 c:FRS102 2023-06-01 2024-05-31 07135652 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07135652 c:FullAccounts 2023-06-01 2024-05-31 07135652 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07135652 6 2023-06-01 2024-05-31 07135652 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07135652









FORTUNE GREEN INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
FORTUNE GREEN INVESTMENTS LTD
REGISTERED NUMBER: 07135652

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
  
1
1

Investment property
 5 
350,000
350,000

  
350,001
350,001

Current assets
  

Debtors: amounts falling due within one year
 6 
103,036
104,036

Cash at bank and in hand
  
5,598
1,353

  
108,634
105,389

Creditors: amounts falling due within one year
 7 
(66,204)
(62,804)

Net current assets
  
 
 
42,430
 
 
42,585

Total assets less current liabilities
  
392,431
392,586

Creditors: amounts falling due after more than one year
 8 
(259,705)
(264,957)

Provisions for liabilities
  

Deferred tax
 9 
(29,591)
(29,591)

  
 
 
(29,591)
 
 
(29,591)

Net assets
  
103,135
98,038


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
103,035
97,938

  
103,135
98,038


Page 1

 
FORTUNE GREEN INVESTMENTS LTD
REGISTERED NUMBER: 07135652
    
BALANCE SHEET (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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




Robert Soltanie
Director

Date: 18 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

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

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

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.

 
2.4

Borrowing costs

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

Page 3

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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

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 balance sheet 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

Page 4

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

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employee
1
1


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
1



At 31 May 2024
1




Page 5

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

5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
350,000



At 31 May 2024
350,000

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
231,639
231,639

231,639
231,639


6.


Debtors

2024
2023
£
£


Other debtors
103,036
104,036

103,036
104,036



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,252
5,252

Corporation tax
1,374
991

Other creditors
51,963
49,900

Accruals and deferred income
7,615
6,661

66,204
62,804


Page 6

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

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
259,705
264,957

259,705
264,957



9.


Deferred taxation




2024


£






At beginning of year
(29,591)



At end of year
(29,591)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred taxation
(29,591)
(29,591)

(29,591)
(29,591)


10.


Share capital

2024
2023
£
£
Called up share capital



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100



11.


Reserves

Profit and loss account

Retained profit of £ 97,938 (2023 - £97,938) is non-distributable as it is related to the
revaluation of investment properties and it is an unrealised gain.

Page 7

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

12.


Related party transactions

Inlcuded within other creditors is an amount of £51,963 (2023: £49,900) owed to the director by the
company. This loan is unsecured and interest free.

 
Page 8