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REGISTERED NUMBER: 11398819 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

74 FORTUNE GREEN ROAD LIMITED

74 FORTUNE GREEN ROAD LIMITED (REGISTERED NUMBER: 11398819)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


74 FORTUNE GREEN ROAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mrs O Weinberger





REGISTERED OFFICE: Buckingham House 2nd Floor
45 Vivian Avenue
London
NW4 3XA





REGISTERED NUMBER: 11398819 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

74 FORTUNE GREEN ROAD LIMITED (REGISTERED NUMBER: 11398819)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Investment property 4 924,472 924,472

CURRENT ASSETS
Debtors 5 1,895 164
Cash at bank 11,115 14,442
13,010 14,606
CREDITORS
Amounts falling due within one year 6 (775,428 ) (797,379 )
NET CURRENT LIABILITIES (762,418 ) (782,773 )
TOTAL ASSETS LESS CURRENT LIABILITIES 162,054 141,699

PROVISIONS FOR LIABILITIES 7 (54,240 ) (41,222 )
NET ASSETS 107,814 100,477

CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 162,719 175,736
Retained earnings (55,005 ) (75,359 )
SHAREHOLDERS' FUNDS 107,814 100,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

74 FORTUNE GREEN ROAD LIMITED (REGISTERED NUMBER: 11398819)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 3 January 2025 and were signed by:





Mrs O Weinberger - Director


74 FORTUNE GREEN ROAD LIMITED (REGISTERED NUMBER: 11398819)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

74 Fortune Green Road 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
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.

The director reports net current liabilities of £762,089 (2023: £782,773) at the balance sheet date. The parent company confirms that it will continue to support the company and will not seek repayment of the amounts it is owed ahead of other creditors in the foreseeable future.

Due to the above the director believes that it is appropriate for the financial statements to be prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the rent received or receivable, excluding discounts, rebates,value added tax and other sales taxes.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

74 FORTUNE GREEN ROAD LIMITED (REGISTERED NUMBER: 11398819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 924,472
NET BOOK VALUE
At 31 May 2024 924,472
At 31 May 2023 924,472

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 216,959
Cost 707,513
924,472

Investment properties were valued on an open market basis and the director considers this to be the fair value at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 1,895 164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 773,328 795,278
Other creditors 2,100 2,101
775,428 797,379

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 54,240 41,222

74 FORTUNE GREEN ROAD LIMITED (REGISTERED NUMBER: 11398819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 41,222
Charge to Income Statement during year 13,018
Balance at 31 May 2024 54,240

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

Millers Terrace Limited


A company in which Mrs O Weinberger is a director.

During the year there were loan repayments of £16,350 and loans of £51,647 in 2023.

31.5.24 31.5.23
£    £   
Amount due to related party at the balance sheet date 45,926 62,276

Sho Investments Limited

Parent company.


During the year there were loan repayments of £5,600 and loans of £3,350 in 2023.

31.5.24 31.5.23
£    £   
Amount due to related party at the balance sheet date 727,402 733,002

Mrs O Weinberger

The director acts as a guarantor for the loan recognised on the accounts.

74 FORTUNE GREEN ROAD LIMITED (REGISTERED NUMBER: 11398819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


10. ULTIMATE CONTROLLING PARTY

The company is wholly owned by Sho Investments Limited.

Sho Investments Limited is under the control of Mrs O Weinberger.