Fortis Foods Ltd - Period Ending 2018-06-30

Registration number: 09379280

Fortis Foods Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2018

Fortis Foods Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

Fortis Foods Ltd

(Registration number: 09379280)
Balance Sheet as at 30 June 2018

	Note	2018 £	(As restated) 2017 £
Fixed assets
Investments	4	3,643,806.00	3,643,806.00
Current assets
Debtors	5	8,333.00	8,333.00
Creditors: Amounts falling due within one year	6	(3,652,139.00)	(3,652,139.00)
Net current liabilities		(3,643,806.00)	(3,643,806.00)
Net assets/(liabilities)		-	-
Capital and reserves
Total equity		-	-

For the financial year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director on 28 March 2019
 

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

Mr Andrew Douglas Simpson

Director

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

Page 1

Fortis Foods Ltd

Notes to the Financial Statements for the Year Ended 30 June 2018

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:
C/O Rakusens Limited
Rakusens House
Clayton Wood Rise
Leeds
LS16 6QN
England

These financial statements were authorised for issue by the director on 28 March 2019.

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 were prepared in accordance with Financial Reporting Standard 102 1a 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2017 - 1).

4	Investments

	2018 £	2017 £
Investments in subsidiaries	3,643,806	3,643,806

Page 2

Fortis Foods Ltd

Notes to the Financial Statements for the Year Ended 30 June 2018

Subsidiaries	£
Cost or valuation
At 1 July 2017	3,643,806
Provision
Carrying amount
At 30 June 2018	3,643,806
At 30 June 2017	3,643,806

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2018	2017
Subsidiary undertakings
Bonn's & Co Ltd		Ordinary	100%	100%
	England
Fortis Foods Inc		Ordinary	100%	100%
	United States

5

Debtors

	2018 £	2017 £
Other debtors	8,333	8,333
	8,333	8,333

6

Creditors

Creditors: amounts falling due within one year

	2018 £	(As restated) 2017 £
Due within one year
Other creditors	3,652,139	3,652,139

Page 3