Fortis Green Properties Ltd - Period Ending 2017-04-05

Registration number: 00540420

Fortis Green Properties Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 5 April 2017

Fortis Green Properties Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 7

Fortis Green Properties Ltd

Company Information

Directors

Tim Tudor- Hart Katherine B Jones Beatrix Isobel Ze Bliss Sian Adele Zina Bliss

Registered office

Woodgate Studios 2-8 Games Road Cockfosters Hertfordshire EN4 9HN

Accountants

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

Page 1

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 2017

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 2017 as set out on pages 3 to 7 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/gb/en/discover/public -value/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 the Board of Directors of Fortis Green Properties Ltd, 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/gb/en/technical -activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. 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

14 September 2017

Page 2

Fortis Green Properties Ltd

(Registration number: 00540420)
Balance Sheet as at 5 April 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	77,143	80,556
Current assets
Debtors	5	2,305	2,306
Cash at bank and in hand		3,571	3,526
		5,876	5,832
Creditors: Amounts falling due within one year	6	(14,670)	(14,670)
Net current liabilities		(8,794)	(8,838)
Net assets		68,349	71,718
Capital and reserves
Called up share capital		3,252	3,252
Profit and loss account		65,097	68,466
Total equity		68,349	71,718

For the financial year ending 5 April 2017 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 year 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 September 2017 and signed on its behalf by:
 

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

Tim Tudor- Hart

Director

The notes on pages 4 to 7 form an integral part of these financial statements.

Page 3

Fortis Green Properties Ltd

Notes to the Financial Statements for the Year Ended 5 April 2017

1	General information

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

The address of its registered office is:
Woodgate Studios
2-8 Games Road
Cockfosters
Hertfordshire
EN4 9HN
England

The principal place of business is:
72 Fortis Green
London
N2 9EP

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Freehold land and buildings	2% straight line basis

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.

Page 4

Fortis Green Properties Ltd

Notes to the Financial Statements for the Year Ended 5 April 2017

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade creditors

Creditors with no stated interest rate and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2016 - 4).

Page 5

Fortis Green Properties Ltd

Notes to the Financial Statements for the Year Ended 5 April 2017

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 6 April 2016	170,640	170,640
At 5 April 2017	170,640	170,640
Depreciation
At 6 April 2016	90,084	90,084
Charge for the year	3,413	3,413
At 5 April 2017	93,497	93,497
Carrying amount
At 5 April 2017	77,143	77,143
At 5 April 2016	80,556	80,556

5

Debtors

	2017 £	2016 £
Other debtors	2,305	2,306
Total current trade and other debtors	2,305	2,306

6

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		470	470
Amounts owed to group undertakings and undertakings in which the company has a participating interest		2,089	2,089
Other creditors		12,111	12,111
		14,670	14,670

7

Dividends

Page 6

Fortis Green Properties Ltd

Notes to the Financial Statements for the Year Ended 5 April 2017

	2017	2016
	£	£
Interim dividend of £11.61 (2016 - £11.61) per ordinary share	37,750	37,750

8	Transition to FRS 102

The company's date of transition to FRS102 was 6 April 2016. These are the first financial statements that comply with the new standard. There were no changes to the balance sheet or profit and loss account on transition.

Page 7