Fortys Capital Limited

 

(Registration number: 12392907)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	42,750	-
Tangible assets	5	19,790	7,111
		62,540	7,111
Current assets
Debtors	6	64,225,928	56,383,645
Cash at bank and in hand		2,116,462	630,081
		66,342,390	57,013,726
Creditors: Amounts falling due within one year	7	(52,468,508)	(52,618,704)
Net current assets		13,873,882	4,395,022
Total assets less current liabilities		13,936,422	4,402,133
Creditors: Amounts falling due after more than one year	7	(29,150)	(37,134)
Net assets		13,907,272	4,364,999
Capital and reserves
Called up share capital		2	2
Profit and loss account		13,907,270	4,364,997
Total equity		13,907,272	4,364,999

For the financial period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Fortys Capital Limited

 

(Registration number: 12392907)
Balance Sheet as at 31 July 2025

Approved and authorised by the Board on 23 April 2026 and signed on its behalf by:
 

......................................... B Perlberger Director

Fortys Capital Limited

 

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
First Floor, Marlborough House
298 Regents Park Road
London
N3 2SZ
England

These financial statements were authorised for issue by the Board on 23 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The current financial statements cover the period from1 February 2024 to 31 July 2025, a period of 18 months. The comparative figures shown are for the twelve months ended 31 January 2024. Accordingly, the amounts presented for the current period are not directly comparable with those of the prior period.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the interest income and loan-related fees arising from the company's secured lending activities. Turnover is shown net of rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Fortys Capital Limited

 

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings & equipment	20% reducing balance
Plant & Machinery	20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Fortys Capital Limited

 

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 11 (2024 - 9).

Fortys Capital Limited

 

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
Additions acquired separately	47,500	47,500
At 31 July 2025	47,500	47,500
Amortisation
Amortisation charge	4,750	4,750
At 31 July 2025	4,750	4,750
Carrying amount
At 31 July 2025	42,750	42,750

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	12,241	12,241
Additions	17,626	17,626
At 31 July 2025	29,867	29,867
Depreciation
At 1 February 2024	5,130	5,130
Charge for the period	4,947	4,947
At 31 July 2025	10,077	10,077
Carrying amount
At 31 July 2025	19,790	19,790
At 31 January 2024	7,111	7,111

Fortys Capital Limited

 

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 July 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	59,836,733	51,333,544
Prepayments	17,411	-
Other debtors	4,371,784	5,050,101
	64,225,928	56,383,645

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	36,090,425	41,027,938
Accruals and deferred income	804,266	689,003
Other creditors	15,573,817	10,901,763
	52,468,508	52,618,704

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		29,150	37,134