| REGISTERED NUMBER: |
| FORTUNA HEALTHCARE LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Statutory Auditors |
| 167 Turners Hill |
| Cheshunt |
| Hertfordshire |
| EN8 9BH |
| BANKERS: |
| 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 |
| CURRENT ASSETS |
| Inventories |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 5 | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Short leasehold | - |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 |
| 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 |
| Additions |
| Disposals | ( |
) |
| At 28 February 2025 |
| DEPRECIATION |
| At 1 March 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| 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 |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 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 |
| Between one and five years |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.25 | 29.2.24 |
| value: | £ | £ |
| Ordinary | £1 | 150,000 | 150,000 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 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. |