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REGISTERED NUMBER: 06000587 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FOURWALLS GROUP LTD

FOURWALLS GROUP LTD (REGISTERED NUMBER: 06000587)






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


FOURWALLS GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: O R Turgoose





SECRETARY: Ms S E Turgoose





REGISTERED OFFICE: Office 3F1, Building B
Watchmoor Park
Riverside Way
Camberley
Surrey
GU15 3YL





REGISTERED NUMBER: 06000587 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

FOURWALLS GROUP LTD (REGISTERED NUMBER: 06000587)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 218,440 194,167
Tangible assets 4 26,954 63,554
Investments 5 250,923 -
496,317 257,721

CURRENT ASSETS
Debtors 6 298,718 477,156
Cash at bank and in hand 140,001 67,480
438,719 544,636
CREDITORS
Amounts falling due within one year 7 547,604 311,575
NET CURRENT (LIABILITIES)/ASSETS (108,885 ) 233,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,432

490,782

CREDITORS
Amounts falling due after more than one
year

8

63,921

37,778
NET ASSETS 323,511 453,004

CAPITAL AND RESERVES
Called up share capital 53,445 53,445
Other reserves 46,555 46,555
Retained earnings 223,511 353,004
323,511 453,004

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 13 September 2024 and were signed by:




O R Turgoose - Director


FOURWALLS GROUP LTD (REGISTERED NUMBER: 06000587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2022 - 72 ) .

FOURWALLS GROUP LTD (REGISTERED NUMBER: 06000587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 January 2023 119,800 188,265 308,065
Additions - 61,200 61,200
At 31 December 2023 119,800 249,465 369,265
AMORTISATION
At 1 January 2023 75,864 38,034 113,898
Amortisation for year 11,980 24,947 36,927
At 31 December 2023 87,844 62,981 150,825
NET BOOK VALUE
At 31 December 2023 31,956 186,484 218,440
At 31 December 2022 43,936 150,231 194,167

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 130,338 52,464 39,990 9,656 232,448
Additions - - 222 - 222
At 31 December 2023 130,338 52,464 40,212 9,656 232,670
DEPRECIATION
At 1 January 2023 109,744 29,908 19,996 9,246 168,894
Charge for year 15,154 11,411 10,053 204 36,822
At 31 December 2023 124,898 41,319 30,049 9,450 205,716
NET BOOK VALUE
At 31 December 2023 5,440 11,145 10,163 206 26,954
At 31 December 2022 20,594 22,556 19,994 410 63,554

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 250,923
At 31 December 2023 250,923
NET BOOK VALUE
At 31 December 2023 250,923

FOURWALLS GROUP LTD (REGISTERED NUMBER: 06000587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 229,540 366,514
Amounts owed by associates 5,521 24,650
Other debtors 13,595 6,317
Accrued Income 9,117 46,746
Prepayments 40,945 32,929
298,718 477,156

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,622 35,702
Trade creditors 84,872 79,874
Amounts owed to associates 131,294 35,736
Social security and other taxes 51,115 48,168
VAT 108,886 98,408
Other creditors 115,152 9,100
Directors' loan accounts 1,731 1,492
Accrued expenses 9,932 3,095
547,604 311,575

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 26,346 26,667
Bank loans - 2-5 years 7,575 11,111
Other creditors 30,000 -
63,921 37,778

9. RELATED PARTY DISCLOSURES

Fourwalls Group Holdings Limited
As at 31 December 2023, Fourwalls Group Holdings Limited owed the company £5,521 (2022: £24,650). The balance is interest free and repayable on demand.

During the year, the company paid management fees of £208,392 (2022: £87,395) to Fourwalls Group Holdings Limited. All transactions were undertaken on a commercial arms length basis.

FPL Outsource Ltd
As at 31 December 2023, the company owed FPL Outsource Ltd £57,707 (2022: £35,736). The balance is interest free and repayable on demand.

Arko London Ltd
As at 31 December 2023, the company owed Arko London Ltd £73,587 (2022: £nil). The balance is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Fourwalls Group Holdings Ltd.

This was by virtue of 100% holding of the issued share capital.