REGISTERED NUMBER: 09794546

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2025

FOR

FORTUNA PROPERTY TRADING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J R Howard

S A Marzell

SECRETARY:

REGISTERED OFFICE:

Creation House 7a Alkmaar Way

Norwich International Business Park

Nowrich

Norfolk

NR6 6BF

REGISTERED NUMBER:

09794546

ACCOUNTANTS:

Insight Accountancy Services Ltd

7A Alkmaar Way

Norwich Int Business Park

Norwich

Norfolk

NR6 6BF

FIXED ASSETS

Investment property

4

745,000

1,007,500

CURRENT ASSETS

Debtors

5

10,631

3,515

Cash at bank

59,070

49,023

69,701

52,538

CREDITORS

Amounts falling due within one year

6

325,463

279,988

NET CURRENT LIABILITIES

(255,762

)

(227,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

489,238

780,050

CREDITORS

Amounts falling due after more than one year

7

(538,010

)

(565,447

)

PROVISIONS FOR LIABILITIES

-

(48,773

)

NET (LIABILITIES)/ASSETS

(48,772

)

165,830

CAPITAL AND RESERVES

Called up share capital

30

30

Fair value reserve

8

24,031

236,656

Retained earnings

(72,833

)

(70,856

)

(48,772

)

165,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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 30 September 2025 and were signed on its behalf by:

J R Howard - Director

S A Marzell - Director

1.	STATUTORY INFORMATION

Fortuna Property Trading Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income from the investment properties and is stated excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 26 March 2024

1,007,500

Revaluations

(262,500

)

At 25 March 2025

745,000

NET BOOK VALUE

At 25 March 2025

745,000

At 25 March 2024

1,007,500

Fair value at 25 March 2025 is represented by:

£

Valuation in 2017

642,476

Valuation in 2018

218,524

Valuation in 2020

79,596

Valuation in 2021

54,404

Valuation in 2022

32,500

Valuation in 2023

(20,000

)

Valuation in 2025

(262,500

)

745,000

If the investments properties had not been revalued they would have been included at the following historical cost:

25.3.25

25.3.24

£

£

Cost

722,071

722,071

Investment properties were valued on an open market value basis on 25 March 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.3.25

25.3.24

£

£

Trade debtors

618

-

Other debtors

10,013

3,515

10,631

3,515

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.3.25

25.3.24

£

£

Trade creditors

-

1,025

Other creditors

325,463

278,963

325,463

279,988

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

25.3.25

25.3.24

£

£

Bank loans

538,010

565,447

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Precise Loan

73,105

73,105

Repayable by instalments

Aldermore Loan

464,905

492,342

8.

RESERVES

Fair

value

reserve

£

At 26 March 2024

236,656

Reserve transfer

(212,625

)

At 25 March 2025

24,031