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Unaudited Financial Statements for the Year Ended 30 June 2023

for

Fourth Paradigm Consulting Ltd

Fourth Paradigm Consulting Ltd (Registered number: 08987435)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fourth Paradigm Consulting Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Professor D Weir





SECRETARY:





REGISTERED OFFICE: Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR





REGISTERED NUMBER: 08987435 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Fourth Paradigm Consulting Ltd (Registered number: 08987435)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 345 467

CURRENT ASSETS
Debtors 5 750 -
Cash at bank 1,616 1,804
2,366 1,804
CREDITORS
Amounts falling due within one year 6 7,070 7,174
NET CURRENT LIABILITIES (4,704 ) (5,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,359

)

(4,903

)

PROVISIONS FOR LIABILITIES 7 65 88
NET LIABILITIES (4,424 ) (4,991 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (4,425 ) (4,992 )
SHAREHOLDERS' FUNDS (4,424 ) (4,991 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





Professor D Weir - Director


Fourth Paradigm Consulting Ltd (Registered number: 08987435)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Fourth Paradigm Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basis financial instruments, which are initially recognised at transition value and subsequently measured at their settlement value.

Exchange rates
Foreign currency transactions are translated into pounds sterling using the exchange rate in operation at the date at which the transaction occurred. Foreign currency assets and liabilities at the balance sheet date are translated into pounds sterling at the exchange rate in operation at that date. Foreign exchange differences arising on translation are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Fourth Paradigm Consulting Ltd (Registered number: 08987435)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 1,500 4,000 5,500
DEPRECIATION
At 1 July 2022 1,434 3,599 5,033
Charge for year 22 100 122
At 30 June 2023 1,456 3,699 5,155
NET BOOK VALUE
At 30 June 2023 44 301 345
At 30 June 2022 66 401 467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 750 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Directors' current accounts 3,595 3,963
Accrued expenses 3,475 3,211
7,070 7,174

7. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 65 88

Deferred
tax
£   
Balance at 1 July 2022 88
Provided during year (23 )
Balance at 30 June 2023 65

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary 1 1 1

Fourth Paradigm Consulting Ltd (Registered number: 08987435)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. RESERVES
Retained
earnings
£   

At 1 July 2022 (4,992 )
Profit for the year 567
At 30 June 2023 (4,425 )