Fortis Green Properties Ltd - Period Ending 2016-04-05

Registration number: 00540420

Fortis Green Properties Ltd

Unaudited Abbreviated Accounts

for the Year Ended 5 April 2016
 

Fortis Green Properties Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Fortis Green Properties Ltd
for the Year Ended 5 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fortis Green Properties Ltd for the year ended 5 April 2016 set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional -standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Fortis Green Properties Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Fortis Green Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fortis Green Properties Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Fortis Green Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fortis Green Properties Ltd. You consider that Fortis Green Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Fortis Green Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

NA Associates LLP
Chartered Certified Accountants
Woodgate Studios
2-8 Games Road
Cockfosters
Hertfordshire
EN4 9HN

18 August 2016

Page 1

Fortis Green Properties Ltd
(Registration number: 00540420)
Abbreviated Balance Sheet at 5 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					80,556			83,969
Current assets
Debtors					2,305			2,306
Cash at bank and in hand					3,527			3,513
					5,832			5,819
Creditors: Amounts falling due within one year					(14,670)			(14,671)
Net current liabilities					(8,838)			(8,852)
Net assets					71,718			75,117
Capital and reserves
Called up share capital		3			3,252			3,252
Profit and loss account					68,466			71,865
Shareholders' funds					71,718			75,117

For the year ending 5 April 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 7 August 2016 and signed on its behalf by:

.........................................
Tim Tudor- Hart
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Fortis Green Properties Ltd
Notes to the Abbreviated Accounts for the Year Ended 5 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of rent receivable.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 6 April 2015		170,640			170,640
At 5 April 2016		170,640			170,640
Depreciation
At 6 April 2015		86,671			86,671
Charge for the year		3,413			3,413
At 5 April 2016		90,084			90,084
Net book value
At 5 April 2016		80,556			80,556
At 5 April 2015		83,969			83,969

Page 3

Fortis Green Properties Ltd
Notes to the Abbreviated Accounts for the Year Ended 5 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		3,252			3,252			3,252			3,252

Page 4