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REGISTERED NUMBER: 02655407 (England and Wales)














Financial Statements for the Year Ended 31 October 2023

for

Four Square Partnership Limited

Four Square Partnership Limited (Registered number: 02655407)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Four Square Partnership Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr A J Mullinger
Mr D S H Thompson





REGISTERED OFFICE: 3 Fairway Crescent
Preston Parade
Seatsalter
Whitstable
Kent
CT5 4QS





REGISTERED NUMBER: 02655407 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Four Square Partnership Limited (Registered number: 02655407)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,041 3,041
Investment property 5 787,500 787,500
790,541 790,541

CURRENT ASSETS
Debtors 6 28,934 28,934
Cash at bank 31,191 46,160
60,125 75,094
CREDITORS
Amounts falling due within one year 7 35,169 30,539
NET CURRENT ASSETS 24,956 44,555
TOTAL ASSETS LESS CURRENT LIABILITIES 815,497 835,096

CREDITORS
Amounts falling due after more than one
year

8

19,958

23,266
NET ASSETS 795,539 811,830

CAPITAL AND RESERVES
Called up share capital 84 84
Revaluation reserve 10 460,551 460,551
Retained earnings 334,904 351,195
SHAREHOLDERS' FUNDS 795,539 811,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Four Square Partnership Limited (Registered number: 02655407)

Statement of Financial Position - continued
31 October 2023


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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




Mr A J Mullinger - Director



Mr D S H Thompson - Director


Four Square Partnership Limited (Registered number: 02655407)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Four Square Partnership Limited 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with the Financial Reporting Standard for Smaller Entities, the company's investment properties are held as long term investments and are included in the Balance Sheet at their open market values. The surplus(es) or deficit(s) on revaluation of such properties are transferred to the revaluation reserve account. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Depreciation or amortisation is not provided in respect of freehold investment properties, as it is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS

At the 31 October 2023 the company held investments in listed shares of £3,041 (2022: £3,041)

Four Square Partnership Limited (Registered number: 02655407)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 787,500
NET BOOK VALUE
At 31 October 2023 787,500
At 31 October 2022 787,500

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 787,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 17,294 17,294
Other debtors 11,640 11,640
28,934 28,934

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 4,200 4,200
Taxation and social security 10,468 2,609
Other creditors 20,501 23,730
35,169 30,539

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 19,958 23,266

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,958 23,266

Four Square Partnership Limited (Registered number: 02655407)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 24,158 27,466

10. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 460,551

11. RELATED PARTY DISCLOSURES

The directors Mr. A Mullinger and Mr. D S H Thompson are considered to be key management personnel.

Mullinger Banks Solicitors, a partnership in which A J Mullinger (a director) has an interest, owns 50% of a property jointly with the company and shares the rent and expenses equally.

All related party transactions were at arms length.