Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13800230 Mr Jakub Orna Mrs Elena Orna iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13800230 2023-12-31 13800230 2024-12-31 13800230 2024-01-01 2024-12-31 13800230 frs-core:CurrentFinancialInstruments 2024-12-31 13800230 frs-core:Non-currentFinancialInstruments 2024-12-31 13800230 frs-core:FurnitureFittings 2024-12-31 13800230 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13800230 frs-core:FurnitureFittings 2023-12-31 13800230 frs-core:ShareCapital 2024-12-31 13800230 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13800230 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13800230 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13800230 frs-bus:SmallEntities 2024-01-01 2024-12-31 13800230 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13800230 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13800230 frs-core:CostValuation 2023-12-31 13800230 frs-core:AdditionsToInvestments 2024-12-31 13800230 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 13800230 frs-core:CostValuation 2024-12-31 13800230 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 13800230 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 13800230 frs-bus:Director1 2024-01-01 2024-12-31 13800230 frs-bus:Director2 2024-01-01 2024-12-31 13800230 frs-countries:EnglandWales 2024-01-01 2024-12-31 13800230 2022-12-31 13800230 2023-12-31 13800230 2023-01-01 2023-12-31 13800230 frs-core:CurrentFinancialInstruments 2023-12-31 13800230 frs-core:Non-currentFinancialInstruments 2023-12-31 13800230 frs-core:ShareCapital 2023-12-31 13800230 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13800230
Fortuna Property Investments Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Alliance Accountants (Grant & Co) Limited
Units 4 & 5 Rockfield Business Park
Old Station Drive
Cheltenham
Gloucestershire
GL53 0AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13800230
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,017 35,487
Investments 5 1,425,000 990,860
1,453,017 1,026,347
CURRENT ASSETS
Debtors 6 33,382 6,446
Cash at bank and in hand 7,029 39,261
40,411 45,707
Creditors: Amounts Falling Due Within One Year 7 (353,072 ) (351,695 )
NET CURRENT ASSETS (LIABILITIES) (312,661 ) (305,988 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,140,356 720,359
Creditors: Amounts Falling Due After More Than One Year 8 (928,015 ) (823,050 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (72,045 ) -
NET ASSETS/(LIABILITIES) 140,296 (102,691 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 140,196 (102,791 )
SHAREHOLDERS' FUNDS 140,296 (102,691)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Jakub Orna
Director
08/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fortuna Property Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13800230 . The registered office is 10 Cobblestone Way, Cheltenham, Gloucestershire, GL51 8PW.
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. 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:
Fixtures & Fittings 25% Reducing balance
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: NIL)
3 -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 56,964
Additions 1,557
As at 31 December 2024 58,521
Depreciation
As at 1 January 2024 21,477
Provided during the period 9,027
As at 31 December 2024 30,504
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 28,017
As at 1 January 2024 35,487
5. Investments
Other
£
Cost
As at 1 January 2024 990,860
Additions 145,962
Revaluations 288,178
As at 31 December 2024 1,425,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1,425,000
As at 1 January 2024 990,860
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,800 -
Amounts owed by group undertakings 300 100
Other debtors 27,282 6,346
33,382 6,446
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Amounts owed to group undertakings 33,474 21,474
Other creditors 319,383 330,221
Taxation and social security 214 -
353,072 351,695
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 928,015 823,050
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5