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REGISTERED NUMBER: 10656617 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

4M LONDON LIMITED

4M LONDON LIMITED (REGISTERED NUMBER: 10656617)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


4M LONDON LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: T Clayton





REGISTERED OFFICE: 10 John St
London
WC1N 2EB





REGISTERED NUMBER: 10656617 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

4M LONDON LIMITED (REGISTERED NUMBER: 10656617)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242,541 -

CURRENT ASSETS
Stocks 738,758 555,965
Debtors 5 103,628 122,897
Cash at bank 564,797 482,966
1,407,183 1,161,828
CREDITORS
Amounts falling due within one year 6 4,323,102 3,502,260
NET CURRENT LIABILITIES (2,915,919 ) (2,340,432 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,673,378

)

(2,340,432

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (2,673,478 ) (2,340,532 )
SHAREHOLDERS' FUNDS (2,673,378 ) (2,340,432 )

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 13 August 2024 and were signed by:





T Clayton - Director


4M LONDON LIMITED (REGISTERED NUMBER: 10656617)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

4M London 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.

The trading address of the company is 206 Design Centre East, Chelsea Harbour Design Centre, London, United Kingdom, SW10 0XF.

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.

The parent company has confirmed that they will continue to support the company for a period of at least 12 months and 1 day following the signing of the audit report attached to these financial statements. As such the directors have used the going concern basis in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Revenue is entirely from the sale of goods and is recognised at the point in time when the risks and rewards of ownership are transferred to the customer, either upon delivery or collection by the customer.

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 - Straight line over 3 years and Straight line over 2 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are valued using the FIFO method of valuation.

Financial instruments
Basic financial instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have any other financial instrument as covered by Section 12 of FRS 102 (Section 1A).

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.

4M LONDON LIMITED (REGISTERED NUMBER: 10656617)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Warranty provision
A warranty provision is recognised for sales which are later refunded via credit note. This is a best estimate based on the percentage of sales which are refunded in the first four months of the following year extrapolated over the total year's sales.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4M LONDON LIMITED (REGISTERED NUMBER: 10656617)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 76,808
Additions 272,857
Disposals (76,808 )
At 31 December 2023 272,857
DEPRECIATION
At 1 January 2023 76,808
Charge for year 30,316
Eliminated on disposal (76,808 )
At 31 December 2023 30,316
NET BOOK VALUE
At 31 December 2023 242,541

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 11,071 30,647
Other debtors 69,639 69,332
80,710 99,979

Amounts falling due after more than one year:
Other debtors & prepayments 22,918 22,918

Aggregate amounts 103,628 122,897

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 22,374 -
Amounts owed to group undertakings 3,969,703 2,902,539
Taxation and social security 8,996 41,541
Other creditors & accruals 322,029 558,180
4,323,102 3,502,260

4M LONDON LIMITED (REGISTERED NUMBER: 10656617)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 63,519 16,769
Between one and five years 162,500 -
226,019 16,769

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Clark (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10. ULTIMATE PARENT COMPANY

The immediate parent company is 4M Capital Ltd a company incorporated in the United States of America. The ultimate parent company is Norwest Equity Partners X LP, a company incorporated in the United States of America. Arteriors Holdings LLC is the smallest group in which consolidated accounts are prepared, which are not available to the public.