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Registration number: 09115953

Fortunate Son Creations Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Fortunate Son Creations Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Fortunate Son Creations Ltd

Company Information

Directors

Viswanatha Reddy Alluri

Jayesh Ramesh Patel

Company secretary

Jayesh Ramesh Patel

Registered office

C/o Bracher Rawlins Llp
16
High Holborn
London
WC1V 6BX

Accountants

Michaelides Warner & Co 102 Fulham Palace Road
London
W6 9PL

 

Fortunate Son Creations Ltd

(Registration number: 09115953)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

1,490

14,269

Cash at bank and in hand

 

4,649

5,601

 

6,139

19,870

Creditors: Amounts falling due within one year

5

(170,029)

(171,447)

Net liabilities

 

(163,890)

(151,577)

Capital and reserves

 

Called up share capital

6

369,501

369,501

Retained earnings

(533,391)

(521,078)

Shareholders' deficit

 

(163,890)

(151,577)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

.........................................
Viswanatha Reddy Alluri
Director

 

Fortunate Son Creations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Bracher Rawlins Llp
16
High Holborn
London
WC1V 6BX
England

These financial statements were authorised for issue by the Board on 22 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

 

Fortunate Son Creations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Fortunate Son Creations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

Recognition and measurement

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4

Debtors

Current

2025
£

2024
£

Trade debtors

1,244

916

Prepayments

135

12,563

Other debtors

111

790

 

1,490

14,269

 

Fortunate Son Creations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

-

1,801

Accruals and deferred income

1,484

1,200

Other creditors

168,545

168,446

170,029

171,447

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

369,501

369,501

369,501

369,501

       

7

Ultimate parent undertaking

Tarimela Advisors Private Limited prepares consolidated financial statements in which the company's trading results are included and whose registered office address is Plot 1237, Road No.62, Jubilee Hills, Hyderabad-500 003, Telangana, India.

 The ultimate parent is Tarimela Advisors Private Limited, incorporated in India.