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Registered number: 08116576
Fortis Accommodation Worldwide Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Courtview Accounting Ltd
483 Green Lanes
London
N13 4BS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08116576
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,999,509 3,751,582
3,999,509 3,751,582
CURRENT ASSETS
Debtors 5 64,325 40,031
Cash at bank and in hand 16,063 8,289
80,388 48,320
Creditors: Amounts Falling Due Within One Year 6 (341,781 ) (57,890 )
NET CURRENT ASSETS (LIABILITIES) (261,393 ) (9,570 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,738,116 3,742,012
Creditors: Amounts Falling Due After More Than One Year 7 (1,768,229 ) (1,664,036 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (215,280 ) (215,280 )
NET ASSETS 1,754,607 1,862,696
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 2,418,370 2,418,370
Profit and Loss Account (663,863 ) (555,774 )
SHAREHOLDERS' FUNDS 1,754,607 1,862,696
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Jamie Conyers
Director
30/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fortis Accommodation Worldwide Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08116576 . The registered office is Unit 9 Conyers Trading Estate, Station Drive, Lye, Stourbridge, West Midlands, DY9 8ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation charged
Plant & Machinery 25% on net book value
Fixtures & Fittings 25% on net book value
Computer Equipment 25% on net book value
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 3,774,280 4,066 3,836 899 3,783,081
Additions 249,325 - 237 - 249,562
As at 31 December 2024 4,023,605 4,066 4,073 899 4,032,643
Depreciation
As at 1 January 2024 29,000 1,147 959 393 31,499
Provided during the period - 729 779 127 1,635
As at 31 December 2024 29,000 1,876 1,738 520 33,134
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 3,994,605 2,190 2,335 379 3,999,509
As at 1 January 2024 3,745,280 2,919 2,877 506 3,751,582
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,000 26,761
VAT - 13,270
Amounts owed by associates 56,325 -
64,325 40,031
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57,544 15,717
Other loans 145,081 -
Other taxes and social security 3,199 2,431
VAT 1,719 -
Director's loan account 134,238 39,742
341,781 57,890
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,768,229 1,663,357
VAT - 679
1,768,229 1,664,036
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 January 2024 2,418,370
As at 31 December 2024 2,418,370
Page 4