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REGISTERED NUMBER: 11662253


























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 31 DECEMBER 2023

FOR

FOURTH WINDS LTD

FOURTH WINDS LTD (REGISTERED NUMBER: 11662253)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOURTH WINDS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: Ms J Harvey
Mr R Jenkins
L Jenkins





REGISTERED OFFICE: Parkfield House Farley Lane
Braishfield
Romsey
SO51 0QL





REGISTERED NUMBER: 11662253






FOURTH WINDS LTD (REGISTERED NUMBER: 11662253)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 691 1,016

CURRENT ASSETS
Stocks - 2,736,001
Debtors 5 3,414,067 4,908
Cash at bank and in hand 1,527 300,476
3,415,594 3,041,385
CREDITORS
Amounts falling due within one year 6 3,437,905 2,995,588
NET CURRENT (LIABILITIES)/ASSETS (22,311 ) 45,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,620

)

46,813

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (21,621 ) 46,812
(21,620 ) 46,813

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 10 September 2024 and were signed on its behalf by:





Mr R Jenkins - Director


FOURTH WINDS LTD (REGISTERED NUMBER: 11662253)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Fourth Winds Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

All fixed assets are initially recorded at cost.

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

Taxation
Taxation for the period 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 period 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

FOURTH WINDS LTD (REGISTERED NUMBER: 11662253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 1,940 3,324 5,264
Additions - 642 642
At 31 December 2023 1,940 3,966 5,906
DEPRECIATION
At 1 December 2022 1,074 3,174 4,248
Charge for period 469 498 967
At 31 December 2023 1,543 3,672 5,215
NET BOOK VALUE
At 31 December 2023 397 294 691
At 30 November 2022 866 150 1,016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,414,067 4,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,320 91,047
Amounts owed to group undertakings 165,000 -
Taxation and social security 10,769 1,748
Other creditors 3,241,816 2,902,793
3,437,905 2,995,588

Included in other creditors is £175,425 (2022: £428,260) in relation to accruals and deferred income.