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REGISTERED NUMBER: 10484274 (England and Wales)















FORT & WOLFE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






FORT & WOLFE LIMITED (REGISTERED NUMBER: 10484274)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


FORT & WOLFE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr Anton Christodoulou





REGISTERED OFFICE: 4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE





BUSINESS ADDRESS: 6 Scriven Court
Willen
Milton Keynes
Buckinghamshire
MK15 9NA





REGISTERED NUMBER: 10484274 (England and Wales)





ACCOUNTANTS: Shareef
Chartered Accountants
4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE

FORT & WOLFE LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
FORT & WOLFE LIMITED


The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shareef
Chartered Accountants
4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE


14 March 2025

FORT & WOLFE LIMITED (REGISTERED NUMBER: 10484274)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 775,000 700,000

CURRENT ASSETS
Debtors 5 4,297 3,387
Cash at bank 83,080 79,192
87,377 82,579
CREDITORS
Amounts falling due within one year 6 238,683 235,921
NET CURRENT LIABILITIES (151,306 ) (153,342 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,694

546,658

CREDITORS
Amounts falling due after more than one year 7 (115,183 ) (142,474 )

PROVISIONS FOR LIABILITIES (56,852 ) (42,602 )
NET ASSETS 451,659 361,582

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 242,374 181,624
Retained earnings 209,185 179,858
SHAREHOLDERS' FUNDS 451,659 361,582

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

FORT & WOLFE LIMITED (REGISTERED NUMBER: 10484274)

BALANCE SHEET - continued
31 AUGUST 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 14 March 2025 and were signed by:





Mr Anton Christodoulou - Director


FORT & WOLFE LIMITED (REGISTERED NUMBER: 10484274)

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


1. STATUTORY INFORMATION

Fort & Wolfe 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 as modified by the revaluation of certain assets.

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

Turnover represents rental income from property.

Investment property
Investment property is shown at most recent valuation. 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.

3. EMPLOYEES AND DIRECTORS

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

FORT & WOLFE LIMITED (REGISTERED NUMBER: 10484274)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 700,000
Revaluations 75,000
At 31 August 2024 775,000
NET BOOK VALUE
At 31 August 2024 775,000
At 31 August 2023 700,000

The property was valued by an officer of the company. In the director's opinion the value of the properties is £775,000.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2019 12,945
Valuation in 2021 111,282
Valuation in 2022 40,000
Valuation in 2023 60,000
Valuation in 2024 75,000
Cost 475,773
775,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,825 2,925
Other debtors 472 462
4,297 3,387

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,280 14,280
Taxation and social security 6,879 7,087
Other creditors 217,524 214,554
238,683 235,921

FORT & WOLFE LIMITED (REGISTERED NUMBER: 10484274)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 83,818 94,916
Other creditors 31,365 47,558
115,183 142,474

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,698 40,264

8. RESERVES
Fair
value
reserve
£   
At 1 September 2023 181,624
Increase in market value in In vestment
property

75,000

Deferred tax on fair value (14,250 )

At 31 August 2024 242,374