2023-10-01 2024-09-30 SC642674 LA Fortuna Ltd false SC642674 2023-10-01 2024-09-30 SC642674 uk-bus:Director1 2023-10-01 2024-09-30 SC642674 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC642674 uk-bus:SmallEntities 2023-10-01 2024-09-30 SC642674 uk-bus:FullAccounts 2023-10-01 2024-09-30 SC642674 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC642674 2023-10-01 SC642674 2024-09-30 SC642674 2023-09-30 xbrli:pure iso4217:GBP SC642674 2022-10-01 2023-09-30
Company Registration Number : SC642674 (Scotland)
SC642674
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-09-30
false
LA Fortuna Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-10-01
LA Fortuna Ltd
Unaudited filleted financial statements
For the year ended 30 September 2024
LA Fortuna Ltd
Contents
For the year ended 30 September 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


LA Fortuna Ltd
Company Information
For the year ended 30 September 2024

Company registration number SC642674 (Scotland)
Directors Shireesh Bhadravathi Kantharaj
Shwetha Jayanna
Registered office address 02 Barnyard Park Crescent
Edinburgh
Scotland
EH12 9LN
Accountant DNS Associates
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
United kingdom
HA3 8DP
LA Fortuna Ltd
Statement of Financial Position
For the year ended 30 September 2024

2024 2023
Notes £ £
Fixed assets
Investment Property 301,176 301,176
5 301,176 301,176
Current assets
Debtors 4,015 -
Corporation tax receivable 955 190
Cash and cash equivalents 20,361 50,363
25,332 50,553
Current liabilities
Creditors: Amounts falling due within one year (106,690) (131,668)
(106,690) (131,668)
Net current (liabilities)/assets (81,358) (81,116)
Total assets less current liabilities 219,818 220,060
Non-current liabilities
Creditors: Amounts falling due after more than one year (215,988) (215,988)
Net assets/(liabilities) 3,830 4,073
Capital and reserves
Called up share capital 1 1
Retained earnings 3,829 4,072
Shareholder's funds 3,830 4,073
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 September 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 January 2025
.............................
Shireesh Bhadravathi Kantharaj (Director)
Company registration number: SC642674
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-09-30 30 September 2024
2024 2023
£ £
Fixed Assets 301,176 301,176
Current Assets 25,332 50,553
Creditors: amounts falling due within one year (106,690) (131,668)
Net current assets/(liabilities) (81,358) (81,116)
Total assets less current liabilities 219,818 220,060
CREDITORS: Amounts falling due more than one year (215,988) (215,988)
Net Assets/(liabilities) 3,830 4,073
Capital and Reserves 3,830 4,073
For the year ending 30/09/2024 the company was entitled to exemption 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. For the year ending 30-09-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 30 January 2025 2025-01-30 and signed on behalf of the board,
.............................
Shireesh Bhadravathi Kantharaj
Director
Company registration number: SC642674
LA Fortuna Ltd
Notes to the Financial Statements
For the year ended 30 September 2024

(1) General Information
The company is a private company limited by shares and is registered in Scotland. The address of the registered office is 02 Barnyard Park Crescent, Edinburgh, Scotland, EH12 9LN.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Investment Properties
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognized in profit or
loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it
shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an ongoing basis.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Fixed assets
Investments
Property
£
Cost
As at 01 October 2023301,176
As at 30 September 2024301,176
Depreciation/Amortisation
As at 30 September 2024-
Net book value
As at 30 September 2024301,176
As at 30 September 2023301,176

(6) Investment Properties
These financial statements for the year ended 30 September 2024 are the financial statements of the company prepared in accordance with FRS 102 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The property is being measured at a fair value under FRS 102 1A and there are no gain or loss arise during the year. also there is no deferred tax accounting for the year.

(7) Creditors > 1 year (Mortgage Loans)
The mortgage loans are secured by property held by the company.