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REGISTERED NUMBER: 03025153 (England and Wales)














FORTUNA HEALTHCARE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






FORTUNA HEALTHCARE LIMITED (REGISTERED NUMBER: 03025153)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


FORTUNA HEALTHCARE LIMITED

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2025







DIRECTORS: J Bavetta
S Bavetta


SECRETARY: J Bavetta


REGISTERED OFFICE: Unit 3
Northgate Business Centre
Crown Road
Enfield
Middlesex
EN1 1TG


REGISTERED NUMBER: 03025153 (England and Wales)


SENIOR STATUTORY AUDITOR: Maurice Brindley


AUDITORS: Brindley Millen Limited
Statutory Auditors
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH


BANKERS: Barclays Bank plc
North East London Business Centre
PO Box 2403
London
N18 2BY

FORTUNA HEALTHCARE LIMITED (REGISTERED NUMBER: 03025153)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 112,221 67,339

CURRENT ASSETS
Inventories 981,507 980,901
Debtors 1,778,452 1,624,965
Cash at bank and in hand 159,383 140,052
2,919,342 2,745,918
CREDITORS
Amounts falling due within one year 1,695,126 1,436,849
NET CURRENT ASSETS 1,224,216 1,309,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,336,437

1,376,408

CREDITORS
Amounts falling due after more than one year 5 (388,491 ) -

PROVISIONS FOR LIABILITIES (8,291 ) (10,309 )
NET ASSETS 939,655 1,366,099

CAPITAL AND RESERVES
Called up share capital 8 150,000 150,000
Retained earnings 789,655 1,216,099
SHAREHOLDERS' FUNDS 939,655 1,366,099

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:





S Bavetta - Director


FORTUNA HEALTHCARE LIMITED (REGISTERED NUMBER: 03025153)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Fortuna Healthcare 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 financial statements are prepared in sterling, which is also the functional currency. Figures in the statements are rounded to the nearest £1.

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

Sales are recognised on the despatch of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over the life of the lease
Improvements to property - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Fixed assets are initially recognised at cost. The carrying values are reviewed at the year end for impairment if circumstances indicate that the full carrying values may not be recoverable.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost of stock is on a First In, First Out basis.

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.


FORTUNA HEALTHCARE LIMITED (REGISTERED NUMBER: 03025153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a stakeholder pension scheme, and the pension charge represents the contribution paid by the company in respect of the year.

Debtors
Trade and other debtors are recognised at the settlement amounts. Prepayments are valued at the amount prepaid.

Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors
Creditors are recognised where the company has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2024 - 48 ) .

FORTUNA HEALTHCARE LIMITED (REGISTERED NUMBER: 03025153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2025

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 March 2024 367,580
Additions 84,198
Disposals (35,495 )
At 28 February 2025 416,283
DEPRECIATION
At 1 March 2024 300,241
Charge for year 31,277
Eliminated on disposal (27,456 )
At 28 February 2025 304,062
NET BOOK VALUE
At 28 February 2025 112,221
At 29 February 2024 67,339

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
28.2.25 29.2.24
£    £   
Repayable by instalments
Bank loan over 5 years 16,885 -

6. LOANS

An analysis of the maturity of loans is given below:

28.2.25 29.2.24
£    £   
Amounts falling due within one year or on demand:
Bank loans 86,261 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 371,606 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 16,885 -

The company is in receipt of a government backed unsecured bounce back loan.

Repayable over 6 years at an interest rate of 2.50% per annum.

FORTUNA HEALTHCARE LIMITED (REGISTERED NUMBER: 03025153)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2025

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.25 29.2.24
£    £   
Within one year 646,822 652,760
Between one and five years 1,090,620 1,705,290
1,737,442 2,358,050

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
150,000 Ordinary £1 150,000 150,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Maurice Brindley (Senior Statutory Auditor)
for and on behalf of Brindley Millen Limited

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director's have given various personal guarantees to Barclays Bank plc in support of the company's borrowings.

At the 28th February 2025 the directors owed the company £7,500 (last year - £19,500).

11. CONTROLLING PARTY

The company is controlled in concert by the directors, who hold the majority of ordinary share capital of the parent company.

12. PARENT COMPANY

The company is a 100% subsidiary of Fortuna Group (London) Ltd, a company incorporated in the UK.