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REGISTERED NUMBER: 05382144 (England and Wales)














FACTOR 4 DEVELOPMENTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 August 2024






FACTOR 4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05382144)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


FACTOR 4 DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 August 2024







Directors: Mr P L Chandler
Mrs J P Chandler





Secretary: Mrs J P Chandler





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 05382144 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

FACTOR 4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05382144)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 800 1,537

CURRENT ASSETS
Debtors 5 325,957 326,637
Cash at bank 31,070 47,109
357,027 373,746
CREDITORS
Amounts falling due within one year 6 15,885 12,322
NET CURRENT ASSETS 341,142 361,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,942

362,961

CREDITORS
Amounts falling due after more than
one year

7

11,282

21,825
NET ASSETS 330,660 341,136

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 8 200 200
Retained earnings 8 330,260 340,736
SHAREHOLDERS' FUNDS 330,660 341,136

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

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

FACTOR 4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05382144)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





Mr P L Chandler - Director


FACTOR 4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05382144)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Factor 4 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.

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 - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

FACTOR 4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05382144)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 September 2023 6,147
Additions 1,067
At 31 August 2024 7,214
Depreciation
At 1 September 2023 4,610
Charge for year 1,804
At 31 August 2024 6,414
Net book value
At 31 August 2024 800
At 31 August 2023 1,537

FACTOR 4 DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05382144)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by joint ventures 325,000 325,000
Other debtors 957 1,637
325,957 326,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,258 9,628
Other creditors 5,627 2,694
15,885 12,322

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,282 21,825

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 September 2023 340,736 200 340,936
Deficit for the year (10,476 ) (10,476 )
At 31 August 2024 330,260 200 330,460