Acorah Software Products - Accounts Production 16.2.800 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10508544 S Rossi M Rossi C M Thomas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10508544 2023-12-31 10508544 2024-12-31 10508544 2024-01-01 2024-12-31 10508544 frs-core:CurrentFinancialInstruments 2024-12-31 10508544 frs-core:Non-currentFinancialInstruments 2024-12-31 10508544 frs-core:ShareCapital 2024-12-31 10508544 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10508544 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10508544 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10508544 frs-bus:SmallEntities 2024-01-01 2024-12-31 10508544 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10508544 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10508544 frs-bus:Director1 2024-01-01 2024-12-31 10508544 frs-bus:Director2 2024-01-01 2024-12-31 10508544 frs-bus:Director3 2024-01-01 2024-12-31 10508544 frs-countries:EnglandWales 2024-01-01 2024-12-31 10508544 2022-12-31 10508544 2023-12-31 10508544 2023-01-01 2023-12-31 10508544 frs-core:CurrentFinancialInstruments 2023-12-31 10508544 frs-core:Non-currentFinancialInstruments 2023-12-31 10508544 frs-core:ShareCapital 2023-12-31 10508544 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Fortuna London Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors S Rossi
M Rossi
C M Thomas
Company Number 10508544
Registered Office 2nd Floor Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Accountants Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Page 1
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Statement of Financial Position
Registered number: 10508544
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,663,701 1,663,701
1,663,701 1,663,701
CURRENT ASSETS
Debtors 5 300 5,824
Cash at bank and in hand 38,609 34,644
38,909 40,468
Creditors: Amounts Falling Due Within One Year 6 (616,934 ) (618,801 )
NET CURRENT ASSETS (LIABILITIES) (578,025 ) (578,333 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,085,676 1,085,368
Creditors: Amounts Falling Due After More Than One Year 7 (1,205,175 ) (1,209,616 )
NET LIABILITIES (119,499 ) (124,248 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement (119,599 ) (124,348 )
SHAREHOLDERS' FUNDS (119,499) (124,248)
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
The financial statements were approved by the board of directors on 11 April 2025 and were signed on its behalf by:
S Rossi
Director
11 April 2025
The notes on pages 4 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fortuna London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10508544 . The registered office is 2nd Floor Butler House, 177-178 Tottenham Court Road, London, W1T 7AF.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Going Concern Disclosure
The directors have reasonable expectation that the company has adequate resources to continuing operational existence for the foreseeable future, having taken into account the impact of the pandemic on the business.
Based on the directors' assessment, the company continues to adopt the going concern basis in preparing the financial statements.
2.3. 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 is derived from the rental of the Investment Properties. 
2.4. Investment Properties
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.
2.5. Government Grant
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 1,663,701
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 300 4,800
Other debtors - 1,024
300 5,824
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,675 6,792
Other creditors 611,259 612,009
616,934 618,801
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,323 28,764
Other loans 1,180,852 1,180,852
1,205,175 1,209,616
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Other Creditors - 1,180,852
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in Other Creditors are loans of £449,566 (2023: £449,566) due to the Estate of G. Rossi and £153,584 (2023: £153,584) due to M. Rossi. These loans are interest free and repayable on demand.
10. SECURED DEBTS
Loans are secured by a fixed and floating charge over the assets of the company.
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