Four GM Limited
Unaudited Financial Statements
For the period ended 31 December 2022
Pages for Filing with Registrar
Company Registration No. 13791905 (England and Wales)
Four GM Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Four GM Limited
Balance Sheet
As at 31 December 2022
Page 1
2022
Notes
£
£
Current assets
Debtors
3
1,000
Cash at bank and in hand
8,934
9,934
Creditors: amounts falling due within one year
4
(16,765)
Net current liabilities
(6,831)
Capital and reserves
Called up share capital
5
1,000
Profit and loss reserves
(7,831)
Total equity
(6,831)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 7 November 2023 and are signed on its behalf by:
A A Rodriguez
Director
Company Registration No. 13791905
Four GM Limited
Notes to the Financial Statements
For the period ended 31 December 2022
Page 2
1
Accounting policies
Company information
Four GM Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.
1.1
Reporting period
The company was incorporated on 9 December 2021 and these financial statements cover the first period of accounts from incorporation to 31 December 2022.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the period ended 31 December 2022 are the first financial statements of Four GM Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was . The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.3
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Four GM Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2022
Page 3
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2022
Number
Total
6
3
Debtors
2022
Amounts falling due within one year:
£
Other debtors
1,000
4
Creditors: amounts falling due within one year
2022
£
Trade creditors
5,520
Other creditors
9,145
Accruals and deferred income
2,100
16,765
5
Called up share capital
2022
2022
Ordinary share capital
Number
£
Issued and fully paid
1,000 ordinary shares of £1 each
1,000
1,000
6
Related party transactions
At the year end there was a balance of £9,145 due to N19W99 Limited, a related party by common directorship.
At the year end there was a balance of £1,000 owed from directors.
7
Parent company
There is no ultimate controlling party.