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REGISTERED NUMBER: 12179782 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

F4 DEVELOPMENTS LIMITED

F4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12179782)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F4 DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J M Mullen
K M Mullen
E Ireland
S Haste





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 12179782 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

F4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12179782)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 21,260

CURRENT ASSETS
Stocks 5 - 1,150,498
Debtors 6 1,680 41,727
Cash at bank 89,534 18,271
91,214 1,210,496
CREDITORS
Amounts falling due within one year 7 49,900 1,140,915
NET CURRENT ASSETS 41,314 69,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,314

90,841

CREDITORS
Amounts falling due after more than one
year

8

33,531

56,923
NET ASSETS 7,783 33,918

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 7,683 33,818
SHAREHOLDERS' FUNDS 7,783 33,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

F4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12179782)

BALANCE SHEET - continued
31 JANUARY 2024


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 16 October 2024 and were signed on its behalf by:




E Ireland - Director S Haste - Director




K M Mullen - Director J M Mullen - Director


F4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12179782)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

F4 Developments 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.

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
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Motor vehicles - 25% on cost

Work in progress
Work in progress is valued at lower of cost and net realisable value, costs include all direct expenditure and an appropriate proportion of fixed and variable overheads

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.

Going concern
The Director's have confirmed the continuing support of the company's creditors and as such they have adopted the going concern basis of accounting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

F4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12179782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 February 2023 26,575
Disposals (26,575 )
At 31 January 2024 -
DEPRECIATION
At 1 February 2023 5,315
Eliminated on disposal (5,315 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 21,260

5. STOCKS
31/1/24 31/1/23
£    £   
Work-in-progress - 1,150,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other debtors - 11,665
Directors' current accounts 1,573 -
VAT 107 2,974
Prepayments and accrued income - 27,088
1,680 41,727

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 5,109 4,968
Other loans - 709,795
Finance leases - 2,875
Tax 21,962 7,895
Social security and other taxes 10,056 -
Directors' current accounts - 384,631
Accrued expenses 12,773 30,751
49,900 1,140,915

F4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 12179782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans - 1-2 years 5,238 5,094
Bank loans - 2-5 years 16,523 16,068
Bank loans more 5 yr by instal 11,770 17,396
Finance leases - 18,365
33,531 56,923

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,770 17,396

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
100 Ordinary £1 100 100