Fortis Foods Ltd - Period Ending 2021-06-30

Fortis Foods Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

Fortis Foods Ltd

(Registration number: 09379280)
Balance Sheet as at 30 June 2021

	Note	2021 £	2020 £
Fixed assets
Investments	4	3,643,806	3,643,806
Current assets
Debtors		8,333	8,333
Cash at bank and in hand		100,000	-
		108,333	8,333
Creditors: Amounts falling due within one year	5	(3,702,139)	(3,652,139)
Net current liabilities		(3,593,806)	(3,643,806)
Total assets less current liabilities		50,000	-
Creditors: Amounts falling due after more than one year	5	(50,000)	-
Net assets/(liabilities)		-	-
Capital and reserves
Total equity		-	-

For the financial year ending 30 June 2021 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 7 March 2022
 

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

Mr Andrew Douglas Simpson

Director

Fortis Foods Ltd

Notes to the Financial Statements for the Year Ended 30 June 2021

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 7 March 2022.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

Fortis Foods Ltd

Notes to the Financial Statements for the Year Ended 30 June 2021

4	Investments

	2021 £	2020 £
Investments in subsidiaries	3,643,806	3,643,806

Subsidiaries	£
Cost or valuation
At 1 July 2020	3,643,806
Provision
Carrying amount
At 30 June 2021	3,643,806
At 30 June 2020	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
			2021	2020
Subsidiary undertakings
Bonn's & Co Ltd		Ordinary	100%	100%
	England
Fortis Foods Inc		Ordinary	100%	100%
	United States

Fortis Foods Ltd

Notes to the Financial Statements for the Year Ended 30 June 2021

5

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Other creditors	3,702,139	3,652,139

Creditors: amounts falling due after more than one year

	Note	2021 £	2020 £
Due after one year
Loans and borrowings		50,000	-

Fortis Foods Ltd

Notes to the Financial Statements for the Year Ended 30 June 2021

6	Related party transactions

Summary of transactions with subsidiaries

Bonn's & Co Ltd
 (Direct Subsidiary Company)
 There were no disclosable transactions during the year. At the balance sheet date the amount due to Bonn's & Co Limited was £Nil (2020 - £Nil).
 

Summary of transactions with associates

(Subsidiary Company of Bonn's & Co Ltd)
 Rakusen's Limited is the subsidiary company of Bonn's & Co Limited and the shares of Bonn's & Co Limited are held by Fortis Foods Ltd. Rakusen's Limited paid management charges of £98,765 (2020 - £148,148 ) to Fortis Foods Ltd. At the balance sheet date the amount due to Rakusen's Limited was £1,871,055 (2020 - £1,613,862).