Fortmount Trading Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03770425 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Fortmount Trading Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Dipak Lalji Shah

SECRETARY:

Mrs Urvashi Shah

REGISTERED OFFICE:

8 B Laynes House

526-528 Watford Way

Mill Hill

London

NW7 4RS

REGISTERED NUMBER:

03770425 (England and Wales)

ACCOUNTANTS:

Capitax Financial Limited

Devonshire House

582 Honeypot Lane

Stanmore

MIDDLESEX

HA7 1JS

FIXED ASSETS

Tangible assets

4

24,686

26,432

Investments

5

1,683,128

3,364,945

1,707,814

3,391,377

CURRENT ASSETS

Stocks

32,970

348,014

Debtors

6

2,257,427

1,025,998

Cash at bank and in hand

538,501

1,077,963

2,828,898

2,451,975

CREDITORS

Amounts falling due within one year

7

79,364

205,551

NET CURRENT ASSETS

2,749,534

2,246,424

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,457,348

5,637,801

PROVISIONS FOR LIABILITIES

4,690

5,022

NET ASSETS

4,452,658

5,632,779

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

4,452,558

5,632,679

SHAREHOLDERS' FUNDS

4,452,658

5,632,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 November 2025 and were signed by:

Mr Dipak Lalji Shah - Director

1.	STATUTORY INFORMATION

Fortmount Trading 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance and 18% on reducing balance

Stocks

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

79,663

Additions

3,670

At 31 March 2025

83,333

DEPRECIATION

At 1 April 2024

53,231

Charge for year

5,416

At 31 March 2025

58,647

NET BOOK VALUE

At 31 March 2025

24,686

At 31 March 2024

26,432

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

3,364,945

Additions

2,491,629

Disposals

(3,059,956

)

Revaluations

(1,113,490

)

At 31 March 2025

1,683,128

NET BOOK VALUE

At 31 March 2025

1,683,128

At 31 March 2024

3,364,945

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

1,683,128

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

552,977

135,046

Other debtors

1,704,450

890,952

2,257,427

1,025,998

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

554

1,002

Trade creditors

-

29,027

Taxation and social security

(15,468

)

88,012

Other creditors

94,278

87,510

79,364

205,551

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 March 2025, Fortmount Trading Ltd owed £78,385 to its director. This amount is reflected in the director's loan account in credit balance, which is shown as part of Other creditors under Creditors due within one year. Please be advised that the director have agreed to provide this loan on an interest free basis and the loan is repayable on demand.

9.	RELATED PARTY DISCLOSURES

During the year ended 31 March 2025, Fortmount Trading Ltd provided a short-term interest free loans of £1,452,963 to its related companies. All these loans are repayable on demand and is shown as a as part of Other debtors under Debtors due within one year.