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REGISTERED NUMBER: 10850868 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FOURWHO LTD

FOURWHO LTD (REGISTERED NUMBER: 10850868)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOURWHO LTD

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: Mr J G Henderson
Mrs M A G Hoole
Mr P V Kelly
Mr D A Pearce
Mr K M J Yeoman
Mr D Young
Mr D A Callaghan





REGISTERED OFFICE: Airport Business Centre
Thornbury Road
Plymouth
Devon
PL6 7PP





REGISTERED NUMBER: 10850868 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

FOURWHO LTD (REGISTERED NUMBER: 10850868)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 552,726 523,646
Property, plant and equipment 5 2,196 4,111
554,922 527,757

CURRENT ASSETS
Debtors 6 122,163 44,263
Cash at bank 5,934 1,471
128,097 45,734
CREDITORS
Amounts falling due within one year 7 794,792 488,777
NET CURRENT LIABILITIES (666,695 ) (443,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(111,773

)

84,714

CREDITORS
Amounts falling due after more than one
year

8

23,554

28,113
NET (LIABILITIES)/ASSETS (135,327 ) 56,601

CAPITAL AND RESERVES
Called up share capital 10 1,772 1,711
Share Premium Reserve 11 1,318,269 1,141,096
Retained earnings 11 (1,455,368 ) (1,086,206 )
SHAREHOLDERS' FUNDS (135,327 ) 56,601

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

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

FOURWHO LTD (REGISTERED NUMBER: 10850868)

BALANCE SHEET - continued
31 March 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 31 October 2024 and were signed on its behalf by:




Mrs M A G Hoole - Director



Mr D A Pearce - Director


FOURWHO LTD (REGISTERED NUMBER: 10850868)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

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

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.

Development costs are being amortised evenly over their estimated useful life of nil 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 - 20% on cost
Fixtures and fittings - 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.

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.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

FOURWHO LTD (REGISTERED NUMBER: 10850868)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 523,646
Additions 29,080
At 31 March 2024 552,726
NET BOOK VALUE
At 31 March 2024 552,726
At 31 March 2023 523,646

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 12,266 2,146 14,412
Additions 324 - 324
At 31 March 2024 12,590 2,146 14,736
DEPRECIATION
At 1 April 2023 8,447 1,854 10,301
Charge for year 2,023 216 2,239
At 31 March 2024 10,470 2,070 12,540
NET BOOK VALUE
At 31 March 2024 2,120 76 2,196
At 31 March 2023 3,819 292 4,111

FOURWHO LTD (REGISTERED NUMBER: 10850868)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,040 -
Other debtors 16,497 34,208
Directors' current accounts 109 108
VAT - 2,469
Prepayments 5,517 7,478
122,163 44,263

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loans - Less than 1 year 503,883 325,941
Trade creditors 101,522 79,520
Social security and other taxes 4,711 17,357
Pension Payable 899 1,131
VAT 12,515 -
Accruals and deferred income 171,262 64,828
794,792 488,777

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Loans - 2-5 years 23,554 9,013
Other loans more 5yrs instal - 19,100
23,554 28,113

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 19,100

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 39,000 33,000
Between one and five years 21,000 60,000
60,000 93,000

FOURWHO LTD (REGISTERED NUMBER: 10850868)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
17,721,496 Ordinary £0.0001 1,772 1,711

606,662 Ordinary shares of £0.0001 each were allotted as fully paid at a premium of 0.5599 per share during the year.

11. RESERVES
Share
Retained Premium
earnings Reserve Totals
£    £    £   

At 1 April 2023 (1,086,206 ) 1,141,096 54,890
Deficit for the year (369,162 ) (369,162 )
Bonus share issue - 177,173 177,173
At 31 March 2024 (1,455,368 ) 1,318,269 (137,099 )

12. RELATED PARTY DISCLOSURES

As at the year-end date, the company owed £515,878 (2023: £376,450) to The UNA Group Ltd which is a company under common management. The loan is repayable on demand.

As at the year-end date, the company owed £10,014 (2023:£NIL) to one of the directors. The loan accrues interest at 10% and is repayable on demand.

As at the year-end date, the company owed £26,226 (2023: £NIL) to Luth Associates Ltd. The loan accrues interest at 10% and is repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.

The directors do not consider the company to have an ultimate controlling party.